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Global Market Insights, Inc. has added a new report on Gourmet Salts Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

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.

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. 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.

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Gourmet salts are naturally occurring mineral which possesses exotic flavors and textures depending upon their original source. The product is different from conventional counterparts in terms of mineral and moisture content with aromatic and aesthetic qualities.

 In last few years, global consumption of saline in food items witnessed a steady downward market trend. Food experts urged customers to check product labels and choose items with lower saline content. Restaurant industry making efforts to reduce saline content in their food offerings as a result product will witness significant gains in the market forecast period.

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Global  Gourmet Salts Market Key Players include Cargill, Infosa, San Francisco Saltsworks, Mortan, Murray River, Amagansett, Pyramid, Alaska, Maldon Crystal, and Devonshire. The market of this industry is competitive in nature owing to the presence of a limited number of manufacturers. Companies are engaged in collaboration and partnership with high-end restaurants, which will provide an opportunity for them to increase their footprint. In order to capture a bigger share companies are anticipated to increase their supply chain network across North America and Asia Pacific. Entry of new industry players will increase gradually due to high-profit margin over the forecast period.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

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