The sodium reduction ingredient market is on an upward trajectory, foreseen to grow at a CAGR of 6.20% from 2024 to 2034. This promising trend, backed by statistics, shows that the market is in line to be valued at US$ 5,567 million in 2024 and is likely to reach US$ 10,165 million by 2034.
Sodium Reduction Ingredient Market: Segmental Analysis
Based on application, sodium reduction ingredient market has been segmented into sauce/dips/dressings, snacks, bakery products, cheese/butter, frozen food, and others. Others include beverages, baby food, and breakfast cereal. The snacks segment is expected to register a higher growth rate of 11.0% in terms of value during the forecast period. In addition, the snacks segment is estimated to hold 26.9% of revenue share in sodium reduction ingredient market in 2015.
With the exception of snacks, the frozen food industry is anticipated to have the largest revenue share in the sodium reduction ingredient market during the course of the forecast year. In the upcoming years, growth will be driven by new product launches by prominent players in the salt reduction ingredient market. The market for salt reduction ingredients is expected to have the highest CAGR of 12.8% among the application categories, with the bakery product segment expected to grow at the fastest rate throughout the projected period.
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Based on various constituent types, the sodium reduction ingredient market is divided into categories such as yeast extract, mineral blends, amino acids, and others. Nucleotides, trehalose, and hydrolyzed vegetable protein are included in the other part. Under the mineral blends section, sub-segments for magnesium sulphate, calcium chloride, potassium sulphate, potassium chloride, and potassium lactate are also taken into account. With a market share of 53.9% in 2015, the mineral blends segment is anticipated to lead the sodium reduction ingredient market.
Sodium Reduction Ingredient Market: Factors Boosting Demand
Various demand and supply side factors are expected to trigger the growth of sodium reduction ingredient demand. Rising awareness regarding health benefits of reduced sodium in products and rising preference for processed food will drive the demand growth for sodium reduction ingredients. In 2014, Lebanese Action on Sodium and Health (LASH) group, under the patronage of the Lebanese Ministry of Public Health, launched a national health campaign to generate awareness regarding sodium intake in the country. The growing demand for sodium reduction ingredient is also backed by the introduction of government laws regarding the sodium intake in certain countries. In line with government regulation and market scenario, Kerry Foods reduced salt levels by 32 percent and fat by 21% in its cheese slices in 2013.
Sodium Reduction Ingredient Market: Regional Insights
The global sodium reduction ingredient market report covers global market trends and offers detailed analysis and insights into the potential demand in the coming years for each geographic region. Among the geographic areas analyzed in the sodium reduction ingredient study, North America is estimated to dominate the sodium reduction ingredient market with 32.0% value share by the end of 2015 and is expected to continue the dominant position in the sodium reduction ingredient market up to 2025. In terms of value, North America and Western Europe are collectively estimated to account over 59.9% of the sodium reduction ingredient market in 2015. Although, the sodium reduction ingredient market is dominated by the aforementioned geographic areas, the highest CAGR of 13.2% is expected to be seen in the Asia Pacific excluding Japan (APEJ) during the forecast period in the sodium reduction ingredient market.
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Sodium Reduction Ingredient Market: Competition Analysis
Few of the major players participating in the global sodium reduction ingredient market are Kerry Group PLC, Associated British Foods plc., Sensient Technologies Corporation, Tate & Lyle PLC, E. I. Du Pont De Nemours and Company, Givaudan SA, Cambrian Solutions Inc., Innophos Holdings, Inc., and Jungbunzlauer Suisse A.G. Active major sodium reduction ingredient industry participants are expected to invest a huge chunk of revenue share into research and development related activities to come up with new innovative products which will help them to maintain sustainable position in the industry for a longer time.
Major players in the sodium reduction ingredient market are focusing on launching new products frequently to meet the changing consumer preferences. In addition, companies operating in sodium reduction ingredient market are investing in the technological up gradation of the existing processes to meet changing manufacturing needs.
Key Segments Covered
By Application
- Sauce/dips/dressings
- Snacks
- Bakery products
- Cheese/butter
- Frozen food
- Others (beverages, baby food, and breakfast cereal)
By Ingredients
- Yeast extract
- Mineral blends
- Magnesium sulphate
- Calcium chloride
- Potassium sulphate
- Potassium chloride
- Potassium lactate
- Amino acid
- Others (hydrolyzed vegetable protein, trehalose, and nucleotides)
Key Regions/Countries Covered
Key Regions covered:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Western Europe
- EU5
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- APEJ
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
- Japan
- MEA
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA
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