Gourmet Salts Market: Share, Size, Competitive Strategies and Forecast 2017 – 2024

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Gourmet Salts Market size to exceed 1.5bn by 2024
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Key Insights from Gourmet Salts Market

• Gourmet Salts Market size exceeded USD 1 billion
  in 2016 and is set to exceed 120 kilo tons by
  2024. Rapid urbanization, changing lifestyles and
  increasing processed food production will drive
  gourmet salts market size. The product will
  contribute a major share in food application
  owing to gradual change in dietary patterns over
  the forecast period. High consumption of mineral
  salts leads to hypertension and cardiovascular
  illness. As per Global Health Observatory (GHO),
  globally high blood pressure caused over 7
  million deaths in 2015. Population aged 25 and
  above accounted for over 40 of the global high
  blood pressure instances. Low sodium content
  along with mineral presence will remain key
  factors fueling gourmet salts penetration over
  its conventional counterpart.
• Rising wave of westernization and growing
  popularity of natural or organic food products
  are the key factors driving the gourmet market on
  a global level. Increase in consumer willingness
  to spend high price on gourmet food owing to
  rising consumer taste development for specialty
  and artisanal food has favored industry growth.
  On trade food industry expansion owing to change
  in consumer demographic lifestyle will support
  the product business growth. Global restaurant
  industry generated over USD 3 trillion revenue in
  2016 with the U.S. contributing over USD 750
  billion in the same year.

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Continued...

• Globally, gourmet salts industry share witnessed
  high market demand from bakery confectionary,
  meat processing, seafood, and sauces savories
  segments. Texture flavor enhancement, better
  solubility, and presence of mineral are key
  properties stimulating product market demand.
  According to FDR guidelines, salt usage should
  not exceed 0.01 of potassium iodine. In
  addition, WHO also states that the limit of
  saline intake is to be reduced around 30 by
  2025. These all factors will favor gourmet salts
  market demand. Meat poultry processing
  application will surpass USD 500 million by 2024.
  The meat consumption is anticipated to surge in
  Asia Pacific with increasing disposable income
  and increasing focus on healthy lifestyle in the
  coming years.
• The logistics cost of the product is higher than
  conventional salt as it requires proper care and
  handling during transportation. Gourmet salts
  availability is limited owing to small-scale
  production. The harvesting, processing, labeling,
  merchandising, and transportation cost is higher
  as a result product prices are significantly more
  than conventional salt. Gourmet salts are
  expensive due to their distinct flavors, mineral
  content, colors, and appeal that add value to the
  dish. The prices also depend on the fact that
  they are hand-harvested from a typical sources
  and exotic places. These may hinder the growth of
  gourmet salts market outlook.

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Europe Gourmet Salts Market Size, By Product,
2016 2024 (USD Million)

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