The Global Gourmet salt market has been estimated at USD 1025 Million in 2016 and is projected to reach USD 1407.64 Million by 2021, at a CAGR of 6.55% during the forecast period from 2016 to 2021.
Hyderabad, India -- (SBWIRE) -- 03/05/2018 -- According to a new market research report "Gourmet salt Market by Type (Fleur de Sel, Sel Gris, Himalayan Salt, Flake Salt, Specialty Salt), by Application (Bakery & Confectionery, Meat & Poultry Products, Seafood Products, Sauces & Savory), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, The Global Gourmet salt market is expected to approach the value of USD 1407.64 Million by 2021, from the 2016's valuation of USD 1025 Million, at a CAGR of 6.55% in the forecast period. The globally increasing cosmopolitan culture and the resultant demand for more traditional cuisines are the main reasons behind the market growth.
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Consumables are estimated to account for the largest market share in 2017
By type, the global market is categorized into Fleur de Sel, Sel Gris, Himalayan Salt, Flake Salt, and Specialty Salt. The increased utilization of gourmet salts in upscale dishes across the globe promotes the market demand. This is due to the preservative quality imbibed into the dishes by gourmet salts, which increases the shelf life of the dish. In this segmentation, currently, Fleur de Sel is the leading segment in terms of global market share.
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By application, the Bakery and Confectionary segment leads the market.
According to categorization by application, the market is divided into Bakery & Confectionery, Meat & Poultry Products, Seafood Products, and Sauces & Savoury segments. The unique texture and aroma that gourmet salts give the dishes promote the use of gourmet salts in several dishes, mainly in upscale culinary dishes. The Bakery & Confectionary segment provides the biggest share of the market under this segmentation.
Europe market accounts for the largest share of the Gourmet salt market
The global Gourmet Salt market is studied geographically under the regions North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. In 2016, Europe provided the largest market for gourmet salts, by being the biggest manufacturer and consumer of gourmet salts globally. Asia Pacific and North America are expected to grow at a high rate owing to the increasing demand for gourmet salts from several countries in the region.
The top players on the global Gourmet Salt Market scape include Morton Salt, Inc., Cargill, Inc., Pyramid Salt Pty. Ltd., Infosa, Maldon Crystal Salt Co. Alaska Pure, Cheetham Salt Ltd., Saltworks, Inc., Murray River Gourmet Salt, and Amagansett Sea Salt Co.
The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
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