Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19.12 Billion | USD 25.38 Billion | 3.20% | 2023 |
The global sea salt market size was worth around USD 19.12 billion in 2023 and is predicted to grow to around USD 25.38 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.20% between 2024 and 2032.
Sea salt is produced using ocean water. Sea salt production deals with the evaporation of water from saltwater lakes and ocean water. Sea salt is less processed as compared to traditionally used table salt which imparts significant texture and taste to sea salt. Several cooking experts prefer sea salt over table salt for food preparation since the former has a stronger taste. The general perception is that sea salt is healthier as compared to table salt.
However, studies suggest that sea salt and table salt have similar nutritional value. Some of the most possible benefits of consuming sea salt are better digestion, maintenance of blood pressure levels, improvements in skin health & reduced inflammation.
However, like other variants, sea salt should also be consumed in limited amounts to avoid side effects. The demand for sea salt is expected to be fueled by rising investments in the global culinary world. Additionally, the emergence of food tourism and globalization will further promote the market growth rate. The sea salt industry’s growth rate will be restricted due to competition from other forms of salt and supply chain disruptions.
Rising food tourism and investments in the culinary world will promote the market growth rate
The global sea salt market is projected to grow due to the rising food tourism across the globe. Food tourism encourages travel within domestic or international boundaries with the purpose of exploring local food, cuisines, and culture. Since COVID-19, culinary tourism has been on the rise. This trend is influenced by changing consumer lifestyles as more people are willing to invest in travel experiences, shifting away from previously conventional ways of living. In addition, social media has been highly influential in shifting focus toward the existence and popularity of global cuisines. Brands are leveraging social media reach to generate greater awareness among potential customers. Food tourism involves exploring several types of food items, including gourmet food options and street cuisines. Sea salt is known to enhance food texture and taste.
Surge in the food e-commerce industry will assist in delivering higher revenue during the projection period
The food e-commerce industry is one of the fastest-growing industries. It deals with selling food products using online sales channels. By the end of 2024, the global food e-commerce sector is expected to be valued at over USD 238 billion. During the projection period, it is expected to grow at a significant rate. The growing urban population and advantages offered by food e-commerce portals are the reasons for the higher acceptance of grocery delivery applications. In October 2022, US Foods Holding Corp. announced the start of the national roll-out of Making Operator Xperiences Easy (MOXe). The program is expected to emerge as an advanced food service distribution solution. It can be accessed through tablets, desktops, and mobile devices. Producers of sea salt must leverage the extensive presence of e-commerce sales channels to generate more revenue.
Competition from alternate salts may limit the industry’s growth rate
The global sea salt market is projected to be restricted due to the existing competition the industry faces from alternate salts. The commercial food industry is filled with a variety of salts, such as red salt, table salt, pink salt, and flake salt. In addition to this, some regions have local salts that are more popular. For instance, Celtic sea salt is produced off the coast of France, thus making its way into French cuisine. Certain sea salt alternatives have several health advantages, thus making them a preferred choice among health-conscious customers. Pink salt, for instance, is known to regulate blood pressure. It also promotes good heart health.
Increased investments to encourage global presence and production expansion will generate significant growth opportunities
The global sea salt industry players are increasingly investing in business adventures across the globe. Sea salt brands are working toward leaving a global impression, which could generate more growth opportunities in the coming years. For instance, in April 2024, UK-based Cornish Sea Salt announced its much-anticipated debut in the US market. The product will be made available to the regional population through nationwide retail chains and Amazon. Cornish Sea Salt is made using clean ocean waters across the southernmost coast of Cornwall, England. In February 2024, True Salt, one of the leading providers of high-quality sea salt from Phoenix, USA, announced its plan to invest in expanding its production capacity to meet the growing demand. Additionally, the company will also focus on enhancing business operations while focusing on environmental sustainability. True Salt is expected to double its production capacity in the coming years while also expanding business operations in Southern areas of California.
Higher dependence on weather conditions for sea salt production will challenge the market expansion rate
The global sea salt market is expected to be challenged by its high dependence on weather conditions. Sea salt production relies on the evaporation process. In recent times, weather conditions globally have shown high unpredictability. This is caused due to changes in climate parameters such as global warming, melting of ice caps, and increased frequency of natural disasters. Such events impact the sea salt production rate, thus impacting the supply chain.
The global sea salt market is segmented based on end use, application, sales channel, packaging, and region.
Based on the end use, the global market segments are animal food, cosmetics, food & beverages, and others. In 2023, the highest demand was observed in the food & beverages industry. It is one of the fastest-growing industries driven by a surge in world population, increased food tourism, and globalization. Sea salt is known to contain around 40% sodium according to market studies.
Based on application, the global sea salt industry is divided into de-icing agents, regenerating water agents, and detoxifying agents.
Based on the sales channel, the global market segments are online platforms, retail stores, and food service units. In 2023, the highest growth was listed in food service units. Sea salt is preferred in several cuisines and by a large number of professional chefs. Food globalization is critical to segmental expansion as people are more accepting of global food, such as Asian cuisines. According to market research, more than 70% of US counties have at least 1 Asian restaurant.
Based on packaging, the global market divisions are sacks, pouches, bags, glass jars, and shakers.
Report Attributes | Report Details |
---|---|
Report Name | Sea Salt Market |
Market Size in 2023 | USD 19.12 Billion |
Market Forecast in 2032 | USD 25.38 Billion |
Growth Rate | CAGR of 3.20% |
Number of Pages | 232 |
Key Companies Covered | SaltWorks, Selina Naturally, Maldon Sea Salt Company, Saltverk, Fleur de Sel de Guérande, Marisol Sea Salt, Murray River Salt, La Baleine, Maldon Crystal Salt Company, Redmond Real Salt, Halen Môn, Anglesey Sea Salt Company, Jacobsen Salt Co., Celtic Sea Salt, Cornish Sea Salt Co., and others. |
Segments Covered | By End Use, By Application, By Sales Channel, By Packaging, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to emerge as the leading revenue-generator during the projection period
The global sea salt market is projected to be driven by Asia-Pacific in the coming years. Countries such as Japan, China, and India are the leading revenue generators. The regional growth is driven by the higher consumption rate of sea salt in these nations. Salt produced from ocean water has historical importance in regional cuisines. Japan, India, and China have extensive coastal areas that simplify the process of sea salt production. On the other hand, several authentic regional food items are made using sea salt due to the taste and texture it imparts to the cuisine.
For instance, Indian pickles, traditionally known as achaar, are made across the country using sea salt. However, growing awareness about excessive consumption of sea salt may limit the industry’s growth rate in the region. For instance, in July 2024, Heartful Flavours, an Australian start-up, ramped up its promotion of salt-free Asian cuisines. The company aims to educate the masses about the negative health impact of excessive sodium consumption. In July 2024, reports emerged suggesting an increase in the sale of sea salt in South Korea in response to Japan’s decision to release treated radioactive water from the Fukushima power plant into the ocean.
The global sea salt market is led by players like:
By End Use
By Application
By Sales Channel
By Packaging
FrequentlyAsked Questions
Sea salt is produced using ocean water. Sea salt production deals with the evaporation of water from saltwater lakes and ocean water.
The global sea salt market is projected to grow due to the rising food tourism across the globe.
According to study, the global sea salt market size was worth around USD 19.12 billion in 2023 and is predicted to grow to around USD 25.38 billion by 2032.
The CAGR value of the sea salt market is expected to be around 3.20% during 2024-2032.
The global sea salt market is projected to be driven by Asia-Pacific in the coming years.
The global sea salt market is led by players like SaltWorks, Selina Naturally, Maldon Sea Salt Company, Saltverk, Fleur de Sel de Guérande, Marisol Sea Salt, Murray River Salt, La Baleine, Maldon Crystal Salt Company, Redmond Real Salt, Halen Môn, Anglesey Sea Salt Company, Jacobsen Salt Co., Celtic Sea Salt and Cornish Sea Salt Co.
The report explores crucial aspects of the sea salt market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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