Gourmet Salt Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.84 Billion |
| Market Size (2029) | USD 2.26 Billion |
| CAGR (2024 - 2029) | 4.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Gourmet Salt Market Analysis
The Gourmet Salt Market size is estimated at USD 1.84 billion in 2024, and is expected to reach USD 2.26 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).
The COVID-19 pandemic has boosted the demand for food and food supplements that are healthy and those consisting of several nutrition and minerals. As it is observed that patients with hypertension, cardiovascular diseases were highly affected by COVID-19. Therefore, demand for products such as gourmet salts which consist of a lower amount of sodium has increased. Also, as consumers make lifestyle changes such as the shift toward organic and natural food, in their diets, thus the application for gourmet salts has further increased in the various final food products. For instance, according to Cornish Sea Salt Co., the demand for sea salt has raised significantly in the United Kingdom, due to the organic nature of the product which avails 60% of sea minerals to the consumer in 2020.
The cosmopolitan culture has created a demand for traditional cuisines in the metros, and this has subsequently led to the increased application of gourmet salts. This is because its particular flavor can incorporate a ting of traditional flavor and aroma in foods. These salts have also gained popularity among professional chefs in luxury hotels. The increase in the number of gourmet restaurants globally is positively influencing the gourmet salt market.
Gourmet Salt Market Trends
This section covers the major market trends shaping the Gourmet Salt Market according to our research experts:
Growing Demand from the Food Service Industry
The foodservice industry is developing due to rising universalization. According to the United States Department of Agriculture (USDA), quick-service restaurants had a decline of 16.9% in 2021 due to the global crisis. Thus, the companies in this specific industry are majorly focusing on the innovation of healthy foods and beverages, thus the demand for healthy ingredients is also rising. Gourmet salt is considered one of the healthiest salt, this is due to the fact that it reduces several diseases, thus consumer demand for this salt is rising. With the rising awareness, the consumer's taste and preference for food are also changing. Moreover, globalization and the strong influence of westernization in different countries are boosting the demand for foreign cuisines, such as Italian and French food, which requires special flavor salts. Thereby, the demand for salt is also rising. Gourmet salts are becoming vital ingredients for all types of cuisines, especially in luxury restaurants, as each kind of gourmet salt has its own specific function and provides a specific taste and texture to the food. Thus, the emerging food service around the world.
Europe is the Largest Market
The European region has the largest market for the gourmet salt market. Consumers in the region are upgrading from table salt to gourmet salt due to growing awareness of the health benefits of gourmet salt as salts like Himalayan salt contain less sodium than ordinary table salt. According to European Cardiovascular Disease Statistics, 45% of death in the region is due to cardiovascular diseases. Thereby, the consumers are more conscious of health and are tremendously moving towards gourmet salt consumption in daily life as the salt helps in reducing heart diseases. Thus, the region is expected to witness significant growth in the gourmet salts market and contribute a significant market share, also due to the increasing popularity of gourmet cuisine and sophisticated fine dining in the region. The increasing application of gourmet salt in meat, poultry processing as well as seafood is also driving the market forward.
Gourmet Salt Industry Overview
The global gourmet salt market is a competitive market due to the presence of domestic and international players in the segment. The major players in the gourmet salt market include Cargill Inc., Morton Salt Inc., Amagansett Sea Salt Co., Morton Salt Inc., etc., among others. Key players in the market are indulging in the usage of advanced technologies for gourmet salt production as the manufacturing involves high precision in order to produce premium quality salt. Some of the key strategies which are adopted by these major players are acquisition, as it provides these players to take over small and local players to increase the intensity of gourmet production.
Gourmet Salt Market Leaders
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Morton Salt, Inc.
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Cargill Inc.
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Saltworks Inc.
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Cheetham Salt
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Pyramid Salt
*Disclaimer: Major Players sorted in no particular order
Gourmet Salt Market News
- In January 2021, Cargill Salt launched a new purified sea salt flour. The ingredient is a unique type of ultra-fine cut, powder-like sodium chloride. It is suitable for applications that require extremely fine sizing for blending, including dry soup, cereal, flour, and spice mixes, as well as for topping snack foods.
- In April 2020, SaltWorks announced its adoption of sophisticated new B2B eCommerce tools to provide a better customer experience and fuel sales growth. Developed in partnership with B2B eCommerce innovator OroCommerce, the new platform gives SaltWorks the robust, flexible sales infrastructure required to meet its customers' diverse needs at scale.
- In September 2019, Morton Salt added a colorful new product to its product line-up with the launch of All-Natural Himalayan Pink Salt. It is available in both fine and coarse grain sizes.
Gourmet Salt Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Sel Gris
- 5.1.2 Flakey Salt
- 5.1.3 Himalayan Salt
- 5.1.4 Fleur de sel
- 5.1.5 Specialty Salt
- 5.1.6 Other Types
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5.2 By Application
- 5.2.1 Confectionary
- 5.2.2 Bakery
- 5.2.3 Meat and Poultry
- 5.2.4 Sea Food
- 5.2.5 Sauces and Savories
- 5.2.6 Other Applications
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Italy
- 5.3.2.6 Spain
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Alaska Pure Sea Salt Co.
- 6.4.2 Amagansett Sea Salt Co.
- 6.4.3 Cargill Inc.
- 6.4.4 Cheetham Salt Ltd
- 6.4.5 Kalahari Pristine Salt Worx.
- 6.4.6 Maldon Crystal Salt Co.
- 6.4.7 Morton Salt Inc.
- 6.4.8 Murray River Salt
- 6.4.9 Pyramid Salt Pty Ltd
- 6.4.10 Saltworks Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
** Subject To AvailablityGourmet Salt Industry Segmentation
Gourmet salts are unrefined, naturally harvested salts (generally sea salts) with relatively lesser sodium content, and without additives. The global gourmet salt market is segmented by type application and geography. By product type, the market is segmented into sel gris, flakey salt, Himalayan salt, fleur de sel, specialty salt, and other product types. By application, the market is segmented into confectionery, bakery, meat and poultry, seafood, sauces and savories, and other applications. By geography, the gourmet salt market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasting have been done in value terms (USD million).
| By Type | Sel Gris | |
| Flakey Salt | ||
| Himalayan Salt | ||
| Fleur de sel | ||
| Specialty Salt | ||
| Other Types | ||
| By Application | Confectionary | |
| Bakery | ||
| Meat and Poultry | ||
| Sea Food | ||
| Sauces and Savories | ||
| Other Applications | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle-East and Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle-East and Africa |
Gourmet Salt Market Research FAQs
How big is the Gourmet Salt Market?
The Gourmet Salt Market size is expected to reach USD 1.84 billion in 2024 and grow at a CAGR of 4.20% to reach USD 2.26 billion by 2029.
What is the current Gourmet Salt Market size?
In 2024, the Gourmet Salt Market size is expected to reach USD 1.84 billion.
Who are the key players in Gourmet Salt Market?
Morton Salt, Inc., Cargill Inc., Saltworks Inc., Cheetham Salt and Pyramid Salt are the major companies operating in the Gourmet Salt Market.
Which is the fastest growing region in Gourmet Salt Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Gourmet Salt Market?
In 2024, the Europe accounts for the largest market share in Gourmet Salt Market.
What years does this Gourmet Salt Market cover, and what was the market size in 2023?
In 2023, the Gourmet Salt Market size was estimated at USD 1.77 billion. The report covers the Gourmet Salt Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gourmet Salt Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Gourmet Salt Industry Report
Statistics for the 2024 Gourmet Salt market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gourmet Salt analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
