Latest News - Salts And Flavored Salts Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Salts And Flavored Salts Market is being driven by Strategies adopted by leading players

The Salts And Flavored Salts Market is expected to grow at a CAGR of 8.09% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11.3 billion. In today's digital age, e-commerce has become a significant revenue generator for businesses worldwide. With e-commerce transactions accounting for approximately 19% of global retail trade in 2023, both B2B and B2C operations have gained momentum. The average online transaction value and the number of online transactions continue to increase globally, fueled by the rising number of Internet users and the growing preference for convenience. For instance, the UK market exhibits a high Internet penetration rate of around 97.8% in 2023, making it a lucrative market for online sales. This trend presents a substantial opportunity for vendors in the Salts and Flavored Salts Market to expand their customer base and boost their profits through e-commerce channels. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• End-user
  • Food and beverages industry
  • Food service industry/quick service restaurants
  • Household
• Geography
  • North America
    • US
  • Europe
    • France
    • Germany
  • APAC
    • China
    • India
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Strategies adopted by leading players
• Innovative packaging solutions
• Growing consumer demand for seasoned and flavored salt

However, the market also witnesses some limitations, which are as follows:

• Health risks and diseases related to salt and sodium
• High price of flavored salts
• Challenges associated with distribution channels

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Market Scope in Salts And Flavored Salts Market Research Report

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Research Analysis Overview

The Salts and Flavored Salts market encompasses a wide range of savory products, including table salt, seasoned salt, garlic salt, truffle salt, jalapeno salt, smoked salt, and more. These salts are extensively used for seasoning fish, meat, poultry, savory dishes, sauces, salads, and even beverages. The mineral content and solubility of salts make them an essential ingredient in various industries, including the fish, meat, and fast food industries. Flavored salts, such as herbs and spices infused salts, have gained popularity in recent years due to their ability to enhance the flavor profile of dishes while requiring minimal effort. The market for packaged foods and sauces has seen significant growth, with consumers increasingly opting for clean-label products and natural food alternatives. The nutritional benefits of salts and flavored salts are often overlooked. They provide essential minerals like sodium, chloride, and iodine, which are essential for maintaining proper body function. Consumer eating habits and cultural preferences, particularly in Western cultures, continue to drive demand for savory products, including salts and flavored salts. Some popular flavored salts include garlic salt, which adds a savory and slightly sweet flavor to dishes, truffle salt, which imparts an earthy and luxurious taste, jalapeno salt, which adds a spicy kick, and smoked salt, which provides a smoky and savory flavor. Seasoned salt and table salt remain staples in many households, while niche flavors like onion salt, paprika salt, and pepper salt cater to specific taste preferences. The global Salts and Flavored Salts market is expected to grow significantly in the coming years, driven by increasing consumer demand for savory and convenient food options, the rise of the fast food industry, and the growing popularity of natural and clean-label products.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors fueling the market's growth include the health benefits associated with minimally processed foods, such as vegetables, which are rich sources of essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/