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Sodium Reduction Ingredients Market Growth and Forecast to 2025
Posted: Nov 12, 2020
Market overview:
The global Sodium Reduction Ingredients Market was worth USD 1.1 billion in 2019, and it is predicted to reach a valuation of USD 1.5 billion by 2025 at a CAGR of 11.6% during the envisioned period.
Sodium Reduction ingredients help reducing salt content of foods by replacing or partially reducing excess salt in foods. Sodium reducing ingredients play an important role in the food additive industry. Excess sodium intake can lead to high blood pressure, kidney problems and heart disease.
Market Drivers and Restraints:
Growing consumer awareness of the harmful effects of excessive sodium intake has led to a growing demand for healthy nutritional foods, driving the global market for sodium reduction ingredients. Furthermore, government and private business intervention to raise public awareness of the harmful effects of excessive sodium intake is also expected to lead the global market for sodium reductioningredients. They have almost the same taste and nutritional benefits as salt, are used extensively in the food and beverage industry, and are expected to increase product market growth. Sodium is an essential nutrient essential for the harmonious functioning of the human body, but it is also known as one of the main causes of cardiovascular disease and high blood pressure. As a result, it uses sodium-reducing ingredients to minimize sodium levels in the body. Therefore, as public awareness increases, the overall growth in market demand for sodium reductioningredients is expected to increase. The developing packaged food industry is supposed to increase the overall demand for sodium reductioningredients in the near future. However, limited consumer commitments on food taste are expected to hamper the overall growth of the global sodium reductioningredients market.
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Report is segmented as:
By application, the sodium reduction ingredients market has been segmented into Snacks, Sauces/Dressings, Frozen Food, Cheese, Butter, Bakery Products, etc.
The Sodium Reduction Ingredients market is segmented into Mineral Blends, Amino Acids, Yeast Extracts, and Others, according to various kinds of ingredients. Other segments include trehalose, hydrolyzed plant proteins, and nucleotides.
Magnesium sulfate, potassium chloride, potassium sulfate, calcium chloride, and potassium lactate are placed under the mineral segment of this market.
Geographical Segmentation:
North America is a major consumer of the sodium reductioningredients market. Government initiatives that are raising consumer awareness of the benefits of sodium-reducing ingredients are expected to revitalize the entire market in the region. Europe is likely to be the next largest market due to the presence of health-conscious people in the area. Demand for sodium reduction ingredients is supposed to increase dramatically with increased consumer preference for packaged foods in the Asia Pacific region. The presence of densely populated countries such as China and Asia Pacific are predicted to drive the overall market for sodium reduction ingredients in the locale.
Key market players:
Key players in the market include Kerry Group PLC., Royal DSM N.V., Sensient Technologies Corp., Cargill Inc., Jungbunzlauer AG, Dupont, Innophos Holdings Inc., Givaudan SA Angel Yeast, Tate & Lyle PLC.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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