Global Gourmet Salts Market Report and Forecast 2024-2032

Global Gourmet Salts Market Size

The global gourmet salts market value is expected to grow at a CAGR of 6.40% in the forecast period of 2024-2032.

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Global Gourmet Salts Market Growth

Gourmet salts are speciality salts that are unrefined and naturally harvested with low sodium content and high mineral content compared to regular salt. It consist of no additives. It is also referred to as sea salt or bay salt and finds increased usage in cooking and food preservation, thus, driving the demand for gourmet salts in the market.

In addition, these salts come in a variety of forms and flavours and offer different textures ranging from fine to coarse, which is dependent upon the method of harvesting and processing.

Global Gourmet Salts Market Analysis

The growth of the gourmet salts market is being driven by the growing establishment of fine dining restaurants worldwide. This can be attributed to rapid globalisation, which is leading to a change in the food and taste preferences of the population. The gourmet salts market dynamics and trends are further fuelled by rising disposable incomes, improved living standards, and changing consumer lifestyles.

In addition, gourmet salts, owing to their special production techniques, acquire unique and special organoleptic and aesthetic properties that can help accentuate and intensify the flavours of dishes, which is driving their usage in the food service sector. Furthermore, escalating consciousness among consumers about the health and dietary benefits offered by gourmet salts is anticipated to propel the gourmet salts industry growth in the forecast period.

Global Gourmet Salts Industry Outlook

According to Oxford Economics, the Asia-Pacific region led food and beverage output growth in 2022 with a 3.0% increase, followed by the Eurozone and UK at 2.1%, South America at 0.7%, and North America with modest growth of 0.7%. In 2023, Asia-Pacific continued strong growth at 2.4%, while the Eurozone and UK saw a slight increase of 0.3%. Projections for 2024 forecast a 5.0% growth for Asia-Pacific, with the Eurozone and UK recovering with a 1.3% rise. North America and South America are expected to grow by 1.1% and 1.7%, respectively. By 2025, Asia-Pacific’s growth is anticipated to reach 5.2%, the Eurozone and UK are projected to increase by 1.5%, North America’s growth is expected to stabilise at 1.0%, and South America is forecasted to see a 2.2% rise. This growth is expected to further boost the gourmet salts industry revenue, as these salts are often promoted for their natural origins and minimal additives compared to regular table salt, appealing to consumers seeking healthier options.

According to industry reports, Europe led retail revenue growth in FY2020 with a 9.2% increase. Latin America saw a 5.2% rise, while Asia Pacific experienced moderate growth at 2.6%. North America reported the highest retail net profit margins at 3.8%, followed by Europe at 3.0% and Latin America at 2.7%. Europe also had a return on assets of 3.3%, while Asia Pacific maintained stability with a 1.3% return. This growth supports the gourmet salts market demand, as these salts are often valued for their artisanal qualities and traditional harvesting methods. Their authenticity and craftsmanship appeal to consumers seeking premium and specialty products, enhancing their dining experience.

Gourmet salts are perceived as luxury items, attracting consumers seeking unique flavours and high-quality culinary experiences, which supports gourmet salts demand growth.

• The market offers a wide range of salt types, including sea salt, Himalayan salt, and flavoured salts, catering to diverse consumer preferences and applications.

• Increasing awareness of the health benefits and natural origins of gourmet salts compared to processed salts enhances their appeal among health-conscious consumers.

Gourmet salts are often priced higher than regular table salt, which can limit market accessibility and appeal to budget-conscious consumers.

• The niche nature of gourmet salts means a smaller target market compared to more mainstream food products, potentially limiting overall market size.

• Economic downturns or fluctuations in disposable income can impact consumer willingness to spend on premium, non-essential products.

The growing interest in gourmet cooking and food experiences presents gourmet salts market opportunities and introduces new salt varieties.

• Increasing e-commerce and direct-to-consumer sales channels allow for wider distribution and market reach, enhancing visibility and accessibility.

• Developing new flavours, blends, and packaging options can attract new customers and differentiate products in the competitive market.

Intense competition from both established brands and new entrants can impact market share and pricing strategies.

• Economic instability may affect consumer spending on luxury items, including gourmet salts, leading to reduced sales.

• Changes in food safety regulations or import/export restrictions can impact the availability and cost of gourmet salts.

Key Players in the Global Gourmet Salts Market and Their Key Initiatives

Cargill Inc.

• Launch of purified sea salt line focusing on sustainability and clean label standards. 

• Launch of Diamond Crystal® Fine Kosher Baking Salt for better baking performance. 

Pyramid Salt Pty. Ltd.

• Launched a new range of sustainably harvested salts to meet the growing demand of the gourmet salts market. 

• Expanded their distribution network in the Asia-Pacific and North America regions. 

Maldon Crystal Salt Company Ltd.

• Launched a new smoked sea salt variety enhancing flavour profiles.

• Launched "The Maldon Salt 50" celebrating culinary innovators.

Cheetham Salt Limited

• Introduced new gourmet salt product lines to meet rising consumer demand. 

• Invested USD 45 million to upgrade the price salt refinery to capture the gourmet salts market opportunities. 

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Global Gourmet Salts Industry Segmentation

“Global Gourmet Salts Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type 

• Himalayan Salt

• Flakey Salt

• Sel Gris or Grey Salt

• Speciality Salts

• Others

Market Breakup by Application 

• Bakery and Confectionery

• Meat and Poultry

• Seafood

• Sauces and Savoury

• Others

Market Breakup by Distribution Channels 

• Supermarkets and Hypermarkets

• Convenience Stores

• Online

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Gourmet Salts Market Share

Based on type, the Himalayan salt segment drives the growth of the gourmet salts industry. This can be attributed to the multifaceted usage of Himalayan salt, including cooking and direct consumption. It is available in grounded form and in the form of coarse grains, which further adds to its overall popularity.

Meanwhile, Sel Gris, which is considered an all-rounder salt, is expected to witness healthy demand in the forecast period due to its high mineral and nutrient content. This salt, a French classic, is known to be among the best-tasting salts in the world. It is suitable for grilling, roasting, baking, and a variety of other cooking needs, and serves as a preferred topping for caramels, chocolates, and truffles. The increasing demand for premium products and experience is expected to favour the demand of the gourmet salts market in the coming years.

Leading Companies in the Gourmet Salts Market

The companies operate in agriculture, food production, and industrial services. Its diverse portfolio includes grains, oils, animal nutrition, and speciality ingredients.

• Cargill Inc. 

• Pyramid Salt Pty. Ltd. 

• Maldon Crystal Salt Company Ltd. 

• Saltworks Inc. 

• Infosa 

• Cheetham Salt Limited 

• Others

Key Highlights of the Report

Gourmet Salts Market Report Snapshots

Gourmet Salts Market Size

Gourmet Salts Market Growth

Gourmet Salts Market Analysis

Gourmet Salts Market Share

Gourmet Salts Companies