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Global Market Insights, Inc. provides a detailed overview of Gourmet Salts Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Growing consumer spending on food & beverages due to switching lifestyles will drive the industry requirement. The global food & beverage industry will surpass USD 9.5 trillion by 2024 growing at over 3.4%. Rising product consumption in dressing and seasoning of foods will further support the product scope. High preservation and moisture-retaining property have resulted in increasing demands in seafood & meat processing to increase the shelf-life. Global per capita fish consumption reached 20.5 kg per capita, with an annual growth of around 1% in 2016.

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Gourmet Salts Market size is predicted to surpass USD 1.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Possible outlook in culinary & preserving applications along with increasing adoption of gourmet food in luxury restaurants globally will propel the gourmet salts market size. Enhancing taste, flavor, and aroma in foods are the key properties in stimulating industry growth.

Increasing consumer health awareness along with shifting preference for low sodium saline are the key factors driving the gourmet salts market growth. High product usage for curing in beauty centers & spas for personal care treatments enhanced product demand. Rising health issues including hypertension, cardiovascular diseases, and high blood pressure will fuel product penetration. Fleur de sel holds 35% of the overall gourmet salts market share. Strong outlook in roasted meats, vegetable dishes and salads will support the product demand. High magnesium chloride and calcium content present it beneficial for human consumption. High moisture absorption enhancing flavors to the taste buds will drive the demand.

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High availability of the gourmet salts variations including 84 distinct types of metal, elements and minerals enhanced the product demand. Expensive prices along with lack of product awareness are the major restraints of the gourmet salts market growth.

Meat & poultry demand is anticipated to worth around USD 510 million by 2024. Changing lifestyle and improved preservation technology in processed meat, fish and poultry will fuel the product demand. Rising demand as a prophylaxis for canned meats, hams, roasts, meatballs, and fish, enhances the gourmet salts market growth.

Bakery & confectionary market will witness over 8.5% CAGR up to 2024. High product acceptance owing to its superior properties including enhanced food taste, distinct flavor, appearance, color, and aroma will drive revenue growth.

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Europe, led by UK and Germany gourmet salts market is the fastest-growing region, estimated to value over USD 724 million by 2024. Rising demand for processed food particularly in Italy, Spain, Germany, and France will drive the regional industry growth.

Asia Pacific gourmet salt market, dominated by China is expected to witness growth over 7.5% up to 2024. Growing health awareness, increasing disposable income along with surging demand for processed food will support the industry demand.

The U.S. Gourmet Salts Market was valued more than USD 217 million in 2016. Improved standard of living coupled with increasing commercialization in the food industry though several promotions are the driving factors of the industry growth. Increasing consumer awareness about product benefits accompanied by an increase in the food & beverage industry will propel the product demand.

Key industry players in the gourmet salts market are Cargill, Morton, CK Life Sciences, Amagansett, Dominion, Irish Atlantic, Devonshire, Alaska Pure, Cargill, Murray, Marblehead, Infosa and Marblehead.

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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.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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