The global sodium reduction ingredients market is growing rapidly and is expected to reach a substantial market value of USD 9,665.4 Mn in the forecast period of 2022 to 2032, with a CAGR of 5.8%. The market is expected to have a market value of USD 5,500 Mn in 2022.
Key Takeaway:
- Mineral salts are likely to be a fast-growing market in a number of places during the next several years. Sodium reduction ingredients are likely to be in a growing market in the baking and confectionery industries, as well as the poultry and meat industry.
- The sodium reduction ingredients market in India is expected to grow at a CAGR of 5.7 % over the forecast period of 2022 to 2032.
- In Mexico, higher sodium or salt consumption has resulted in a number of health-related deaths, including cardiovascular disease, strokes, stomach cancer, osteoporosis, and renal disease. This is the major reason for the high demand for sodium reduction ingredients and the rapid growth of the market segment
- Through the years 2022 and 2032, the sodium reduction ingredient segment of the United Kingdom is predicted to grow at a CAGR of 2.2 percent, reaching a market value of USD 375.1 million.
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“Sodium reduction ingredients are likely to be in high demand in the bakery and confectionery industries, as well as the livestock and meat industry. Mineral salt is the most significant component type in the global Sodium Reduction Ingredient market, accounting for a major portion of the market in the year 2018. This is due to factors such as extensive availability, high functional benefits, and a cost that is competitive with other components. Natural sodium-lowering ingredients such as yeast extract, are also growing at a faster rate,” says a Future Market Insights Analyst.
Future scope for market growth
The difficulty of drastically decreasing sodium in packaged foods while remaining clean-label & natural has been resolved with the development of innovative products that incorporate natural vegetable extracts, sea salt, or mineral salt. With technological advancement Manufacturers gain the advantage of formulating lower sodium in products such as sauces, pastries, soups, and other packaged meals as a result of the development of these items. Mineral salts can help to lessen the health risks associated with excessive sodium consumption. Food manufacturers employ yeast extract, a sort of specialist yeast product, to reduce sodium levels in their goods by up to 20-30 percent. Chips and salty foods have a lot of potentials now that people are gravitating toward healthier snacks and foods.
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Future Market Insights, in its new offering, provides an unbiased analysis of the Sodium reduction Ingredient presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Segmentation for Sodium Reduction Ingredient Market
By Application:
- Snacks
- Frozen food
- dips/ Sauce/dressings
- butter/ Cheese
- Bakery food
- Others (breakfast cereal, baby food, and beverages)
By Ingredients:
- Mineral blends
- Potassium sulphate
- Magnesium sulphate
- Calcium chloride
- Potassium lactate
- Potassium chloride
- Amino acid
- Yeast extract
- Others (trehalose, hydrolyzed vegetable protein, and nucleotides)
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
The report covers exhaustive analysis on:
- How much is the Sodium Reduction Ingredient market currently worth?
- At what CAGR is the market expected to grow?
- What are the key trends boosting Sodium Reduction Ingredient sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 3 companies hold?
- Which are the major countries driving demand for Sodium Reduction Ingredient?
- Who are the major players in the Sodium Reduction Ingredient Market?
- At what rate will the U.S. Sodium Reduction Ingredient market grow?
- At what level does the report reflect pricing analysis?
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Frequently Asked Questions
- How much is the Sodium Reduction Ingredient market currently worth?
- At what CAGR is the market expected to grow?
- What are the key trends boosting Sodium Reduction Ingredient sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 3 companies hold?
- Which are the major countries driving demand for Sodium Reduction Ingredient?
- Who are the major players in the Sodium Reduction Ingredient Market?
- At what rate will the U.S. Sodium Reduction Ingredient market grow?
- At what level does the report reflect pricing analysis?
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