(Food-Beverage-News.Com, September 05, 2017 ) According to the report Latin America Gourmet salt market, published by Market Data Forecast, the Market has been estimated at USD 102.50 Million in 2016 and is projected to reach USD 145.11 Million by 2021, at a CAGR of 7.20% during the forecast period from 2016 to 2021. Gourmet salts are high-quality unrefined salts that are mostly hand-harvested and used in upscale culinary applications. They are majorly used in salads, vegetable dishes and roasted meat. They are used to enhance the texture and flavor. They are expensive owing to their rarity, their variegated distinct flavors, colors, and appeal that add value to the dish.
The market growth for gourmet salts in Latin America is mainly driven due to increasing demand in food & beverage and food service industries, increasing popularity of culinary shows aired on TV channels, and benefits over commercial salt, which is driving the demand from health conscious consumers. But, the market growth can be hampered due to high cost of processing and packing of these salts, along with lack of consumer awareness which is still prevailing.
Latin America market for Gourmet salt is segmented based on type, source, and application. By type, the market is further sub-segmented into Fleur de Sel, Sel Gris, Himalayan Salt, Flake Salt, Specialty Salt. By application, the market is further sub-segmented into Bakery & Confectionery, Meat & Poultry Products, Seafood Products, Sauces & Savory. Fleur de sel is the dominating segment, followed by other gourmet salts. On the basis of application, bakery and confectionary segment is expected to contribute maximum revenue to the overall gourmet salts market.
Geographically, Latin America market for Gourmet salt is segmented into Brazil, Argentina and Mexico. Latin America is expected to witness highest growth owing to factors like economic developments and penetration of major companies into the untapped markets of this region as they witness great potential for profits.
Morton Salt, Inc., Saltworks, Inc., Murray River Gourmet Salt, Infosa, Cargill, Inc., Alaska Pure, Cheetham Salt Ltd., Pyramid Salt Pty. Ltd., Maldon Crystal Salt Co. and Amagansett Sea Salt Co., are the major players of Latin America Gourmet salt market.
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