Salt is a crystalline inorganic mineral formed by the combination of two elements, namely, sodium and chlorine. Gourmet salts are unrefined and high-quality salts used in exotic cuisines to enhance taste, flavor, texture and appeal of food.
New York, NY -- (SBWIRE) -- 02/25/2016 -- Persistence Market Research has released a report on the global gourmet salts market, titled "Global Market Study on Gourmet Salts: Western Europe to Witness Highest Growth By 2025".
According to the report, the global gourmet salts market is expanding at a CAGR of 6.90% between a forecast period of 2015 and 2025. The market was valued at more than US$1 bn in 2014. The report states that with a consistent growth rate, the global gourmet salts market will reach US$2.2 bn by 2025.
The primary growth driver of the global gourmet salts market is the increasing adoption of natural ingredients for cooking food. The market has also benefitted from the emergence of supermarkets and hypermarkets in developing nations, which has increased the penetration of gourmet salts. Households are becoming more aware of gourmet cuisines through the Internet and a growing number of television cooking shows. Their increasing popularity aids the growth of the global gourmet salts market.
Among the various types of salts, fleur de sel was one of the major segments of the global gourmet salts market. This segment was valued at US$210.7 mn in 2014, which was 19.9% of the market. It is believed to reach US$225.6 mn by the end of 2015.
Coarse salt is expected to be valued at US$210.7 mn towards the end of 2015. It was valued at US$196.4 mn in 2014.
Other types of gourmet salts described in the market report are smoked sea salt, sel gris sea salt, Italian sea salt, Indian black salt, flake salt, and other minor types.
From the perspective of applications, the global gourmet salts market was rallied by the meat and poultry market in 2014, when it was valued at US$317.8 mn. By the end of 2015, the meat and poultry segment is expected to be valued at US$340.2 mn.
The report additionally states that among the various application segments, the meat and poultry segment is expected to progress at the fastest CAGR of 7.50% within the forecast period from 2015 to 2025. The meat and poultry segment is followed by the bakery and confectionary segment in terms of growth rate.
Other application segments given in the market report are sauces and savory foods, seafood, and desserts and frozen foods.
The top companies in the global gourmet salts market are Cargill Incorporated, Amagansett Sea Salt Co., The Marblehead Salt Co. LLC., Pyramid Salt Pty. Ltd., SaltWorks, Inc., Murray River Gourmet Salt, CK Life Sciences Int'l., (Holdings) Inc. (Cheetham Salt Limited), INFOSA, and Morton Salt, Inc. (K+S Aktiengesellschaft).
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The report spotlights one of the biggest players in the global gourmet salts market, J.C. Peacock, in detail. It is considered to be a major distributor in the global gourmet salts market.
View TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/2807
Some of the details the report has given on J.C. Peacock include its most recent activities that have influenced the global gourmet salts market. This Includes the September 2014 launch of all-new gourmet salts by Salt House, a sister company to J.C. Peacock. The launch revealed salts such as Hawaiian black lava salt and Himalayan pink salt.
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