Gourmet Salt Global Market Report 2024

The gourmet salt market size has grown strongly in recent years. It will grow from $4.5 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The increase during the historical period can be credited to rising culinary trends and food culture, a growing awareness of health and wellness, the popularity of specialty and artisanal foods, celebrity chef endorsements and culinary shows, the expansion of the fine dining industry, and innovations in packaging and presentation.

The gourmet salt market size is expected to see strong growth in the next few years. It will grow to $6.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be ascribed to consumer demand for clean label products, a focus on sustainability and ethical sourcing, the impact of e-commerce and online culinary trends, integration into everyday cooking, the introduction of innovative salt blends, and health-conscious dietary choices. Key trends expected in the forecast period encompass a growing interest in unique flavors and textures, the rise of artisanal and specialty foods, the influence of health and wellness trends, innovations in salt blends, and the impact of culinary tourism and global cuisine.

The gourmet salt market is experiencing growth due to the increasing demand for processed food products. Processed food products, altered during preparation through methods such as freezing, canning, or baking, require extended shelf life. Gourmet salt plays a role in preserving and extending the shelf life of such processed food items. Government initiatives, such as the Production Linked Incentive Scheme For Food Processing Industry (PLISFPI) in India, further accelerate the growth of processed food items. Thus, the rising demand for processed food products is driving the gourmet salt market.

The gourmet salt market is expected to grow due to the increasing consumption of meat. Gourmet salts, with unique textures, colors, and flavors, enhance the taste and presentation of meat dishes. According to ChileCarne, the world's meat supply is projected to increase to 374 million tons by 2030, driving the demand for gourmet salts in the market.

the adoption of technological advancements is a prominent trend gaining momentum. These advancements involve the development and implementation of new production techniques to generate gourmet salt with enhanced content, ensuring high quality without causing harm to the environment. Leading companies in the gourmet salt market are concentrating on utilizing sophisticated technologies for salt manufacturing to meet the growing demand for high-quality food-grade salts and gourmet salt. For example, in November 2022, Truff, a US-based gourmet sauce company, unveiled black truffle salt, a blend of fine and coarse sea salt with added black truffle flecks for enhanced aroma and flavor. This product can be used as a finishing salt or as a substitute for ordinary salt during cooking.

Major companies are developing new products, particularly seasoning products, to gain a competitive edge. Seasoning products are substances added to food to enhance flavor, typically in the form of powders, liquids, or blends. For instance, in March 2022, Smart Salt Retail Ltd., a UK-based company, launched the gourmet Suolo range of reduced sodium sea salt seasonings. This range offers spices with 50% less sodium than regular sea salt, providing a healthier option for consumers aiming to reduce sodium intake.

In April 2022, Stone Canyon Industries Holdings Inc., an industrial holding company based in the US, and Kissner Group Holdings, a US-based salt and packaged ice melter manufacturer, acquired K+S Aktiengesellschaft's Americas salt business for an undisclosed amount. This acquisition enables Stone Canyon to enhance its product portfolio and expand its customer base in North America. K+S Aktiengesellschaft is a Germany-based salt producer and potash provider.

Major companies operating in the gourmet salt market report are Cargill Inc., Le Saunier de Camargue, Jacobsen Salt Co., Drogheria & Alimentari, Morton Salt Inc., The Spice Lab, Pyramid Salt Pty. Ltd., Cornish Sea Salt Co., Sal de Ibiza, Murray River Salt, Infosa, Alaska Pure Sea Salt, Saltworks Inc., Cheetham Salt, Amagansett Sea Salt Co., Kalahari Pristine Salt Worx, The Meadow, Artisan Salt Company, Saltverk, The Salt Table, Bitterman Salt Co., Celtic Sea Salt, Redmond Real Salt, La Baleine, Fleur de Sel de Guérande, Maldon Salt Company, Halen Môn, Piranske Soline, Salt of the Earth, Amabito No Moshio, Khoisan Salt, The Salt Cellar, The Salt Box.

Western Europe was the largest region in the gourmet salts market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the gourmet salt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gourmet salt market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of gourmet salts include fleur de sel, sel gris, Himalayan black salt, flake salt, specialty salt, and others. Fleur de sel salt, extracted from evaporated seawater, has a higher moisture content (10%) than ordinary salt, allowing salt crystals to stay together. Best used as a finishing salt, it finds applications in bakery, confectionery, meat & poultry products, seafood products, sauces, and other culinary applications. These salts are sold through supermarkets/hypermarkets, convenience stores, online retailing, specialty stores, and others.

The gourmet salt market research report is one of a series of new reports that provides gourmet salt market statistics, including gourmet salt industry global market size, regional shares, competitors with a gourmet salt market share, detailed gourmet salt market segments, market trends and opportunities, and any further data you may need to thrive in the gourmet salt industry. This gourmet salt market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The gourmet salt market consists of sales of salt flakes, smoked Salt, colored salt, coarse sea salt, pretzel salt, finishing salt. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.