Gourmet Salts Market By Type (Fleur De Sel, Coarse Salt, Himalayan Salt, Flake Salt), By Application (Meat And Poultry, Confectionery And Bakery, Sauces, Desserts) - Growth, Future Prospects And Competitive Analysis, 2016 - 2023

This report titled “Gourmet Salts Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the trends in gourmet salts market along with the market size and forecast for the duration 2013 to 2023. The said research study incorporates in-depth analysis of multiple market segments based on type, application and geographical distribution.

The global gourmet salts market is becoming increasingly competitive with growing new products by market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche products in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Asia Pacific and Europe. 

Based on type, the global gourmet salts market is categorized into fleur de sel, coarse salt, Himalayan salt, flake salt, others. On the basis of application, the global gourmet salts market is segmented into meat and poultry, confectionery and bakery, sauces, desserts, and others. In addition, food companies form the major client for these flavors. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2023 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2023 (Value %).

In terms of geographical distribution, the global gourmet salts is studied for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global gourmet salts market is performed as follows:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • Rest of Asia-Pacific
• Middle East and Africa
• Latin America 

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global gourmet salts market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of gourmet salts.

On the basis of application, the gourmet salts market is categorized into following types:

• Meat and poultry
• Confectionery and bakery
• Sauces
• Desserts
• Others

The gourmet salts market is also segmented on the basis of application such as meat and poultry, confectionery and bakery, sauces, desserts, and others. Amongst this, confectionery and bakery segment contributed the highest share in the total revenue of gourmet salts market in 2015. The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. Rise in adoption of gourmet recipes among households is anticipated to impel the growth of meat and poultry segment during the forecast period. The meat and poultry segment is likely to witness robust growth in terms of CAGR as well between 2016 and 2023.  

On the basis of geography, the global gourmet salts market is segmented into following categories,

• North America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)
• Latin America (LATAM)

Rising awareness among people related to changing preferences related to cuisines has intensified the growth of worldwide gourmet salts market. Apart from this higher personal disposable income especially in developing countries has strengthened the purchasing power of households to spend on multi-cuisines which has stimulated the demand for gourmet salts over the past few years. The global gourmet salts market has been categorized by geography which includes Europe, North America, Asia Pacific and Rest of the World (including Latin America and Middle East). In 2015, Europe dominated the market with a contribution of around 40% in the total revenue of global gourmet salts market. Due to expansion by the companies and higher disposable income, the North America and Asia Pacific region is anticipated to gain traction in terms of demand for gourmet salts over the forecast period.