Bolivian Rose Salt Market Forecast and CAGR
According to latest research by Fact.MR., Bolivian Rose Salt market is set to witness steady growth during 2021-2031. Over the forecast period, the global Bolivian rose salt market will be driven by rising demand in the food & beverage and food service industries. Bolivian rose salt are hand-harvested, unrefined sea salts with a rich texture.
What is Boosting the Demand for Bolivian Rose Salt?
Consumers who are concerned about their health are looking for easy ways to meet their nutritional needs that will work into their busy schedules. Demand for healthier snacks is expected to rise as a result of the ongoing sanctification movement and the preference for nutritious foods.
Due to the associated health benefits, Bolivian salts are predicted to become a preferred product over regular table salts due to their low sodium content. Bolivian rose salt is rich in trace minerals that give each crystal its unique colour, ranging from pastel peach tones to yellow-reds and coral shades, and are hand-mined from the Andes Mountains in Bolivia.
These salts are commonly used as a preservative to extend the shelf life of foods in pickling and canning. Simultaneously, it aids in the preservation of product moisture content. The global gourmet salt industry is expected to develop in the near future as a result of such applications which is a major factor for the increasing demand of Bolivian rose salt.
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COVID-19 Impact on Global Bolivian Rose Salt Market
COVID-19's spread had consequences on the global economy, as well as the food and beverage industry. The pandemic has caused supply chain disturbances and a major mass production shutdown, affecting the global economy significantly.
The world is infected by the deadly coronavirus which also halted the globe trade. In Mid 2020 most of the countries across the globe had closed borders to reduce the impact of the virus on humans, which resulted in the economic loss to the countries.
Many challenges arose in the industry as a result of disrupted logistics facilities caused by strict government regulations. Consumers were unable to reach out to goods that met their needs, causing the industry to suffer.
The high cost of harvesting, refining, packaging, labelling, and marketing gourmet salt is expected to restrict the global Bolivian rose salt market over the forecast period.
US and Canada Bolivian Rose Salt Market Outlook
US is expected to be one of the largest markets for Bolivian Rose Salt globally attributed to well established sales channels and food processing industry . During the assessment period 2021-2031, the demand for US Bolivian rose salt is expected to follow historic trend. As a number of end-use industries gradually grow, demand is expected to remain stagnant in the coming years.
Given the need for gourmet cuisine, the food service industry in developed economies, such as the United States, has rapidly adapted to the market. Gourmet is an industry classification for high-quality specialty foods in the United States, which influences Bolivian Rose salt demand.
Over the forecast period, the global Bolivian Rose salt industry is expected to rise due to increasing demand in traditional cuisines and from skilled cooks.
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Europe Demand Outlook for Bolivian Rose Salt
The COVID-19 crisis has had a major effect on many EU countries, resulting in a downturn in economic activity. High spending on less processed and nutritional products in European countries, continues to fuel demand for Bolivian rose Salt.
In developing regions, the cosmopolitan community has generated a market for traditional cuisines, which has led to a rise in the use of Bolivian rose salts. This is due to its distinct taste, which can imbue foods with a hint of typical flavor and aroma. Skilled chefs in luxury hotels have also been fans of these salts.
The global Bolivian salt market is also influenced by product availability across different regions. Because of the huge demand for processed foods in European countries, Europe is expected to be a potential market for Bolivian salt
Who are the Key Manufacturers and Suppliers of Bolivian Rose Salt?
Some of the leading manufacturers and suppliers of Bolivian Rose Salt include
- Suncore Foods
- Artisan Salt Company
- Salt Traders
- Wild Purveyors
- CCBOL GROUP S.R.L.
- Natural Sourcing LLC
Companies are expected to expand their operations in Asia Pacific and North America, as these regions are expected to see strong demand in the coming years. As an entry strategy for uncharted markets, large-scale producers are expected to enter into M&A and joint venture agreements with SMEs.
An Adaptive Approach to Modern-day Research Needs
Bolivian Rose Salt Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Food Processing Industry
- Bakery Industry
- Confectionery Industry
- Meat & Poultry
By Distribution Channel
- Business to Business
- Business to Consumers
- Specialty Stores
- Online Retail
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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