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Smoked Salt Market Type of Wood Used (Alderwood, Apple Wood, Hickory, Mesquite, Cherry Wood, Others) Form (Coarse, Fine, Micro-fine, Granular , Flakes, Others) Application (Meat, Salads, Savory, Snacks, Sauces & Garnishes, Cocktails, Others) End-Products (Beverages, Smoked Cheese, Desserts, Fish Products, Meat, Hams , Sausages, Others) Distribution Channel (Online Retail Stores, Offline Retail Stores) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A11048
Pages: NA
Jun 2021 | 141 Views
 
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
 

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Smoke salt is sea salt that is smoked over different types of wood fire such as Alderwood, Applewood, and Cherrywood for as long as 14 days and thus has traces of mineral content. Smoked salt improves the integral flavor as well as imparts a smoky flavor to various dishes, thereby making them more delicious. These trace minerals act as a source of antioxidants and helps in boosting immunity. Also, this salt is not the same as smoke-enhanced salt and has a light dim or off dull dark shade. For preparing smokes salt, natural salt is smoked slowly over the woods, so that the salt crystals capture a smoky, unique, and flavorful aroma. 

Smoked salts are a flavorful ingredients, which are used in various cuisines by rubbing, marinating, or finishing. They are useable in both vegetarian and nonvegetarian food items. In vegetarian food items, smoked salt acts as a substitute for bacon crumble and is used in spices, salads, baked potatoes, creamy pasta dishes, and buttered popcorn. In nonvegetarian food items, smoked salt can be useful in preparing red meat, hams, eggs, seafood, and sausages. Also, smoked cheese such as cheddar cheese, Circassia cheese, and mozzarella cheese are becoming popular, and smoked salt is required for preparing these smoked cheese. In savory, smoked cheese finds its usage in toffee fudge, ice-cream, & other sweets; and in beverages, they find their usage in whiskey, cocktails, mattha, beer, and many other drinks.

By observing this high demand for smoked salt, particularly in the food & beverage industry coupled with the growing application and consumer preference, predictors expect that the global smoked salt market will grow significantly at a considerable growth rate during the forecast period.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type of Wood Used, Forms, Application, End Product, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)

  Companies covered

Artisan Salt Company, Hepps Salt Co., K+S Aktiengesellschaft, McCormick & Company, Maldon Salt Company, Maine Sea Salt Company, Nouryon, The Original Smoke & Spice Company Pty Ltd., San Francisco Salt Co., SaltWorks and Artisan Salt Company, Steel City Salt Company, Tata Chemicals, and Zoutman NV.


COVID-19 scenario analysis

  • The COVID-19 has affected the market for the global smoked salt up to some extent.
  • Due to the indefinite lockdown across nations, the consumer food & beverage industry is witnessing high demand.
  • Also, as the consumers, while sitting back at their homes, are trying out cooking various recipes, thereby increasing the demand for flavor-enhancing ingredients like smoked salts.
  • However, the players operating in this market are facing supply chain challenges and production issues.
  • Furthermore, consumer buying behavior is shifting more toward online distribution channels for safety reasons, which, in turn, is creating the need for marketers to adapt to this business environment and focus on strengthening their online presence.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

As the smoked salt adds extra flavor to the recipe and makes the food & beverages more delicious, its demand in the global market is propelling, thus driving the overall market growth. Along with this, rise in number of retail stores like supermarkets, hypermarkets, convenience stores, departmental stores, and online retails, is creating awareness about this product and rapidly increasing the demand for smoked salts. Along with all this, expanding growth prospects in the food & beverages and snacks industry coupled with broad-ranging applications of the smoked salt fuels the smoked salts market globally.

On the contrary, harmful polycyclic aromatic hydrocarbons (PAH) found in smoke restrain the growth of the market. In addition to this, commercial tariffs, stringent regulations in international trade, EU salt reduction framework, Code of Federal Regulation (CFR), and many other protocols are hampering the market growth of the smoked salts globally.

However, there are several opportunities that the smokes salt market players can grab to attain growth. Different variants of woods impart different flavors in the smoked salt, which creates many lucrative opportunities for further growth & development of the global smoked salts market. Also, the market players can gain a competitive advantage by investing more in research & development, consistently bringing product innovation, and by implementing extensive promotional activities to spread awareness among consumers.

Key segments covered

Segment

Subsegment

  Type of Wood Used

  • Alderwood
  • Apple Wood
  • Hickory
  • Mesquite
  • Cherry Wood
  • Others

  Form

  • Coarse
  • Fine
  • Micro-fine
  • Granular
  • Flakes
  • Others

  Application

  • Meat
  • Salads
  • Savory
  • Snacks
  • Sauces & Garnishes
  • Cocktails
  • Others

  End-Products

  • Beverages
    • Islay Whiskey
    • Mattha
    • Smoked Beer
    • Suanmeitang
  • Smoked Cheese
    • Cheddar Cheese
    • Circassia Smoked Cheese
    • Mozzarella Cheese
  • Desserts
  • Fish Products
  • Meat
  • Hams
  • Sausages
  • Others

  Distribution Channel

  • Online Retail Stores
  • Offline Retail Stores


Key benefits of the report

  • This study presents the analytical depiction of the global smoked salt industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smoked salt market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smoked salt market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global smoked salt market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the smoked salt market research report:

  • Which are the leading players active in the smoked salt market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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