Salts and Flavored Salts Market - Growth, Trend and Forecast (2019 - 2024)

The Global Salts and Flavored Salts Market is segmented by Type (Table Salt, Seasoned Salt, Flavored Salt (Truffle Salt and Garlic Salt), Lime and Lemon Salt, Smoked Salt, Jalapeno Salt and other flavored Salts), Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Departmental Stores and Other Distribution Channel) and Geography.

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The global salts and flavored salts market is forecasted to reach USD 2.43 billion by 2024 growing at a CAGR of 3.83% during the forecast period (2019 - 2024).

  • The market is dynamic and highly fragmented, with the presence of numerous small and domestic players occupying major chunk of the global market share.
  • The flavored salts market is influenced directly by the trends in the food industry, particularly the fast food and meat industries.
  • Flavored salt is no different than regular table salt, except that it contains other herbs and spices to provide more complex flavors. The market is considered a recession-proof market as consumers can use flavored salts for home cooking as well.

Scope of the Report

The market study of salts and flavored salts is available as table salt, seasoned salt, flavored salt, lime and lemon salt, smoked salt, jalapeno salt and other flavored salts. Flavored salts are sub-segmented as truffle salt and garlic salt. By distribution channel, the market is segmented as supermarket/hypermarket, convenience stores, departmental stores and other distribution channels.

By Type
Table Salt
Seasoned Salt
Flavored Salt
Truffle Salt
Garlic Salt
Lime and Lemon Salt
Smoked Salt
Jalapeno Salt
Other Flavored Salts
By Distribution Channel
Supermarket/Hypermarket
Convenience Stores
Departmental Stores
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Australia
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increase in Seasoned and Flavoring Salt Demand

Consumers trying to get more creative with cooking and experiment beyond traditional pairings, are opting for flavored salts. The flavored salts are resulting in a flavor concoction that is more impactful than a seasoning blend. The increasing demand for foreign cuisines, such as Italian and French food, among consumers in emerging economies, due to rising westernization trends, has led to an increased usage of flavored salts. Consumers are purchasing seasoned and flavored salts from online channels, including company websites, such as The Meadow and third party sellers, like Amazon, due to the availability and accessibility of different varieties of the salts. The growing demand for hot and spicy fast food among young consumers have enabled food service restaurants to use flavored salts such as jalapeno salts in the regional processed meals.

trend1 1

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Asia-Pacific Being the Largest as well as the Fastest Growing Region

China Salt Industry Group Co., Ltd (former China National Salt Industry Corporation) controls a major market share and production of edible salt in the country. It is the largest salt enterprise in Asia and second-largest in the world, with the production of 18 million metric ton of various salt products, in 2017. The Japanese consumers do not use a huge amount of spices or seasonings in their food, despite their love and appreciation for food, thus, natural sea salts that are made by boiling down Japanese sea water are preferred by the consumers in the country. For instance, The Salt Industry Center of Japan is a public foundation involved actively in performing investigative research on salt and supplying household cooking salt with 99% sodium content in the country.

trend2 1

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Competitive Landscape

The salts and flavored salts market is fragmented, with small-scale manufacturers contributing a significant share to the market. Key players in the global salts and flavored salts market adopt key strategies, such as business expansions, product innovations, followed by partnerships and mergers and acquisitions. The most active companies in the market include key players, such as K+S Aktiengesellschaft, Tata Chemicals, Zoutman NV, Nouryon, and McCormick & Company, among others.

Major Players

  1. K+S AKTIENGESELLSCHAFT
  2. Tata Chemicals Ltd.
  3. McCormick & Company Inc.
  4. United Salt Corporation
  5. Saltworks Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Table Salt

      2. 5.1.2 Seasoned Salt

      3. 5.1.3 Flavored Salt

        1. 5.1.3.1 Truffle Salt

        2. 5.1.3.2 Garlic Salt

      4. 5.1.4 Lime and Lemon Salt

      5. 5.1.5 Smoked Salt

      6. 5.1.6 Jalapeno Salt

      7. 5.1.7 Other Flavored Salts

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarket/Hypermarket

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Departmental Stores

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Australia

        4. 5.3.3.4 Japan

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Leading Players

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 K+S AG

      2. 6.3.2 Akzo Nobel NV

      3. 6.3.3 Tata Chemicals

      4. 6.3.4 McCormick & Company Inc.

      5. 6.3.5 United Salt Corporation

      6. 6.3.6 Ajinomoto Co. Inc.

      7. 6.3.7 Saltworks Inc

      8. 6.3.8 Infosa

      9. 6.3.9 Cornish Sea Salt

      10. 6.3.10 ITC Ltd

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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