Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "Gourmet Salts - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Gourmet Salts, valued at US$1.9 billion in 2022, is on a trajectory of significant growth, expected to reach US$2.9 billion by 2030. This expansion represents a robust CAGR of 5.5% over the analysis period of 2022-2030.
Fleur de Sel, a premium segment within gourmet salts, is projected to lead with a remarkable CAGR of 6.3%, reaching US$806.2 million by the end of the forecast period. The Sel Gris segment is also anticipated to experience substantial growth, with an estimated 7.3% CAGR over the next 8 years.
Key Market Insights:
- The U.S. Gourmet Salts market is estimated at US$511.8 million in 2022.
- China, the world's second-largest economy, is forecasted to reach a market size of US$463.1 million by 2030, with a strong CAGR of 8.8%.
- Japan and Canada are also noteworthy markets, expected to grow at 2.8% and 5.5%, respectively, from 2022 to 2030.
- Germany, within Europe, is forecasted to grow at approximately 4.1% CAGR.
- The Asia-Pacific region, led by countries such as Australia, India, and South Korea, is projected to reach US$322.4 million by 2030.
Select Competitors:
The Gourmet Salts market features several key players, including:
- Alaska Pure Sea Salt Co.
- Amagansett Sea Salt Co.
- Bitterman and Sons, Inc.
- Cargill, Inc.
- CK Life Sciences Int'l., (Holdings) Inc.
- Evolution Salt Co.
- HEPP'S Salt CO.
- Infosa
- K+S AKTIENGESELLSCHAFT
- Maldon Crystal Salt Co Ltd.
- Murray River Gourmet Salt
- Pyramid Salt Pty.Ltd.
- Saltopia Artisan Infused Sea Salts
- SaltWorks, Inc.
- Salty Wahine Gourmet Hawaiian Sea Salts
- San Francisco Salt Company
- Sea Salt Superstore LLC
- Sudwestdeutsche Salzwerke AG
- The Marblehead Salt Co. LLC.
- The Savory Pantry
Economic Outlook:
The global economic outlook is showing signs of improvement, with growth recovery expected in the near term. Despite slowing GDP growth in the United States due to tight monetary and financial conditions, the country has successfully overcome the recession threat. Easing headline inflation in the Euro area is contributing to increased economic activity.
China is projected to witness strong GDP growth as it shifts away from its zero-COVID policy. India remains on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.
Challenges persist, including slower-than-expected global headline inflation decline, ongoing food and fuel inflation in developing countries, and high retail inflation affecting consumer confidence and spending. Governments are actively addressing these challenges to boost market sentiments.
Corporate investments may face challenges due to inflation concerns and weaker demand, but the rise of new technologies is expected to partially reverse this sentiment. Technologies such as generative AI, applied AI, machine learning, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies hold the potential to drive incremental growth in global GDP.
In the short term, a mix of challenges and opportunities is expected for consumers and investors. Resilience and adaptability will be essential for businesses and their leaders to navigate this complex landscape.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 494 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.9 Billion |
| Forecasted Market Value (USD) by 2030 | $2.9 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Flavor, Texture and Proclaimed Health Benefits Drive Uptake of Gourmet Salts
- Global Economic Update
- Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 through 2024
- Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Persistent Challenges & Slower Decline in Underlying Core Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Gourmet Salts - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Fleur de Sel (Product Type) Global Competitor Market Share Positioning for 2022 & 2030
- Sel Gris (Product Type) Market Share Breakdown of Key Players: 2022 & 2030
- Smoked Sea Salts (Product Type) Competitor Revenue Share (in %): 2022 & 2030
- Himalayan Salts (Product Type) Market Share Shift by Company: 2022 & 2030
- Flake Salts (Product Type) Global Competitor Market Share Positioning for 2022 & 2030
- Coarse Salts (Product Type) Market Share Breakdown of Key Players: 2022 & 2030
- Recent Market Activity
- Types of Gourmet Salts
- Using Gourmet Salts
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Consumer Focus on Healthy Eating for Everyday Wellness and Proclaimed Health Benefits of Gourmet Salts Encourage Uptake
- Rise in Consumer Interest in Authentic Regional Cuisines Drives Market Growth
- Demand for Healthy and Nutritious Salt Variants Witnesses Robust Growth
- Meat Industry Witnesses Growing Preference for Gourmet Salts
- Trends in Meat Production and Consumption Influence Growth Opportunities
- Global Meat Consumption in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2019-2023
- Global Meat Production in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2019-2023
- Rise in Per Capita Seafood Consumption Augurs Well for Gourmet Salts Demand
- Global Per Capita Fish Consumption (in Kg per Capita) by Region
- Gourmet Salts to Gain as Restaurants Delve into Fine Dining
- Demand for Unprocessed Gourmet Salt Gains Momentum
- How Pink Salt is Attaining the Privileged Status of Pink Gold & Conquering Kitchens
- Sel Gris Holds Clear Distinction in the World of Regular Salt
- Fleur de Sel: A Premium & Coveted French Sea Salt Ideal for Garnishing
- Innovations in Confectionery Industry Buoys Market Growth
- Salt & Chocolate Combination Resonates among Food Connoisseurs.
- World Confectioneries Market Analysis of Annual Sales in US$ Billion for Years 2020, 2022, 2024, and 2026
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/r0lung
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