Global Salts and Flavored Salts Market Size To Exceed USD 13.79 Billion By 2033 | CAGR of 3.90%

Global Salts and Flavored Salts Market Size To Exceed USD 13.79 Billion By 2033 

According to a research report published by Spherical Insights & Consulting, the Global Salts and Flavored Salts Market Size is Expected to Grow from USD 9.41 Billion in 2023 to USD 13.79 Billion by 2033, at a CAGR of 3.90% during the forecast period 2023-2033.

Browse key industry insights spread across 222 pages with 110 Market data tables and figures & charts from the report on the "Global Salts and Flavored Salts Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Table Salt, Sea Salt, Himalayan Pink Salt, Organic Salt, Flavored Salt), By Application (Food Processing, Household Cooking, Culinary Applications, Industrial), By Distribution Channel (Supermarkets/Hypermarkets, Convenience/Grocery Stores, Online Retail Stores, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/salts-and-flavored-salts-market         

The flavored salt and salts market is the business of manufacturing, distributing, and selling different types of salts, such as traditional salts and salts with different flavors. These items are mainly applied for seasoning, cooking, and as food processing ingredients. Flavored salts are applied to enhance the texture and flavor of the food and beverage products. Flavor salts are not only more concentrated and soluble but also contain higher levels of minerals than regular salt. With increasing popularity for new and intense tastes, consumers have developed a voracious appetite for the distinct flavors that flavored salts bring to foods and beverages. Additionally, increasing perception of the medical hazards caused due to high levels of sodium consumption, like cardiovascular diseases and high blood pressure, has driven more demand for flavored salts and salt substitutes as health-friendly products. Moreover, consumers who are relatively more health-concerned will use low-sodium options or avoid using salt altogether, thus influencing the demand for salts like flavored salts. However, most flavored salts retain high sodium content, which restricts their popularity among health-conscious consumers.

The table salt segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the product type, the salts and flavored salts market is divided into table salt, sea salt, himalayan pink salt, organic salt, and flavored salt. Among these, the table salt segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is driven due to table salt is a basic seasoning in kitchens across the globe, used for cooking, baking, and table seasoning. Its widespread availability in every home, restaurant, and food processing plant has established it as the most prevalent form of salt. Table salt is widely utilized in the food processing sector, such as in packaged foods, canned foods, snacks, and processed meats. Its affordability and high availability make it the first choice for food manufacturers.

The food processing segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the salts and flavored salts market is divided into food processing, household cooking, culinary applications, and industrial. Among these, the food processing segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to salt being a fundamental ingredient in snacks, canned goods, ready-to-eat foods, sauces, seasonings, and condiments. It adds taste to processed foods and contributes to the provision of consistent flavor profiles in mass-produced food. Salt helps food companies ensure the consistency of flavors among batches.

The supermarket/hypermarket segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the salts and flavored salts market is divided into supermarkets/hypermarkets, convenience/grocery stores, online retail stores, and others. Among these, the supermarket/hypermarket segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is attributed to these shopping stores providing the customer with an assortment of different products at a single store, such as salt that appeals to buyers who want to purchase all that they need during a single shopping trip. They have special schemes, offers, and discounts that encourage buyers to purchase in bulk or experiment with new items such as flavored salts at a low price.

Asia Pacific holds the majority share of the global salts and flavored salts market during the forecast period.

Asia Pacific holds the majority share of the global salts and flavored salts market during the forecast period. Asia Pacific is the most populated continent, with China, India, and Japan among the biggest salt consumers. Salt is culturally in high demand due to the food and preservation traditions of these countries. Asia Pacific is also one of the most prominent centers of food processing businesses, with the majority of worldwide and regional processors having a presence in the continent, increasing the demand for salt and flavored salt.

North America is estimated to grow at the fastest pace in the global salts and flavored salts market during the forecast period. The trend for gourmet cooking in North America has created a demand for high-end salts and flavored salts. Flavored salts are being used by consumers to add flavor to their foods without the use of processed seasonings, which is part of the trend toward natural and clean-label products. Celebrity cooks and chefs and North American food bloggers have also driven interest in gourmet items, including salt flavorings, by featuring them in recipes and shows.

Major vendors in the global salts and flavored salts market are Cargill, Goya Foods, Murray River Salt, Himalayan Crystal Salt, Redmond Real Salt, Salinas Natural Spices, Badia Spices, The Spice Lab, Pillars of Salt, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In May 2024, ITC Limited's Aashirvaad brand launched Himalayan Pink Salt. The variant of Aashirvaad has no added colors and is full of minerals like calcium and magnesium.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the salts and flavored salts market based on the below-mentioned segments: 

Global Salts and Flavored Salts Market, By Product Type

• Table Salt
• Sea Salt
• Himalayan Pink Salt
• Organic Salt
• Flavored Salt

Global Salts and Flavored Salts Market, By Applications

• Food Processing
• Household Cooking
• Culinary Applications
• Industrial

Global Salts and Flavored Salts Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience/Grocery Stores
• Online Retail Stores
• Others

Global Salts and Flavored Salts Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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