October 21, 2021
As cited by the research report titled ‘Global Flavored Salt Flakes Market Size study, by Distribution Channel (Retailers, Supermarket, Grocery Stores, Others), by Application (Bakery Products, Meat and Sea Foods, Savory Products, Crackers and Snacks, Others), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global flavored salt flakes market is projected to grow with a strong CAGR to garner significant returns over 2021-2027.
Rising demand for food products is a major factor driving global flavored salt flakes market growth. As per Statista, the revenue generated from food market was USD 8.04 trillion in 2021, and it is anticipated to grow by 3.14% to reach USD 9.10 trillion by 2025.
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Moreover, introduction of new product launches due to its extensive use for home cooking and baking is positively swaying the market dynamics. For instance, True Salt introduced its flake salt for retail in New York in 2020 while Cornish Sea Salt launched three new flavors including smoky paprika sea salt, herb sea salt, and sweet chili sea salt in August 2021.
For the record, flavored salt flakes include different types of flavors like butter, onion, garlic, and others for enhancing the flavors of food products. They are used as taste enhancement agent for food products.
In addition, flourishing e-commerce sector, growing demand for seasoning & flavored herbs to enhance food texture & taste, and large-scale production of salt globally are generating lucrative opportunities for global flavored salt flakes market expansion.
Speaking of negatives, high cost of products and a growing trend of healthy diet with low sodium levels are likely to hinder market progression over the estimated timeline.
Based on distribution channel, global flavored salt flakes industry is segmented into retailers, grocery stores, supermarket, and others. Considering application range, the marketplace is categorized into bakery products, savory products, meat & sea foods, crackers and snacks, and others.
The geographical analysis of the industry involves regions like North America, Asia Pacific, Europe, and Latin America. North America is likely to be a lucrative growth avenue over the forecast timeline 2021-2027, owing to booming food sector, easy availability of multi-cuisine culture along with accessibility to advanced technologies in the region.
Prominent players swaying the global flavored salt flakes industry dynamics are Pyramid Salt Pty. Ltd., Murray River Salt, El Nasr Salines Co., K+S Windsor Salt Ltd., Cerebos SA, Tata Sons Ltd., Morton Salt Inc., Cornish Sea Salt Company, Vancouver Island Salt Co., and SaltWorks Inc.