The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Glutamates Salt Content Reduction Ingredients. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Glutamates Salt Content Reduction Ingredients Market across various industries and regions.
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Fact.MR- a market research and competitive intelligence provider- anticipates that the salt content reduction ingredients industry is expected to grow over 6x between 2021 and 2031, reaching a value of US$ 1.3 Bn in 2021.
As per the analysis, rising concerns over salt content in foodstuffs is prompting food manufacturers to reduce the same and prevent excessive salt consumption. Prospects widened significantly amidst the COVID-19 pandemic, as demand for ready-to-eat foods experiences witnessed a sharp incline. Thus, the market is expected to surpass US$ 8 Bn by 2031.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Glutamates Salt Content Reduction Ingredients market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Glutamates Salt Content Reduction Ingredients
This newly published and insightful report sheds light on Market Insights of Glutamates Salt Content Reduction Ingredients, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Glutamates Salt Content Reduction Ingredients Market.
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Market Segmentation
Fact.MR has studied the market with detailed segmentation on the basis of type, application and key regions.
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Competitive Landscape
The global market for salt content reduction ingredients is moderately fragmented, with the top five players holding around 40% revenue share in the overall market.
While some players in the market are involved in product launch and innovation to retain their market share, most others have undertaken multiple expansion initiatives through acquisitions, product launches, and strategic collaborations.
- In March 2017, AJINOMOTO CO., INC. acquired exclusive sales rights in Japan for Mankai, a high-protein plant material with extraordinary nutritional value. This strategic move allowed the company to expand its reach in Japan.
- Likewise, Archer Daniels Midland Company, in September 2017, announced new product registrations for PROPLEX DY in Philippines and Vietnam
Key Takeaways from the Market Study
- By type, glutamate sales likely to surge at a CAGR of 9% through 2031, yielding 66% revenue
- Meat & poultry applications to gain 130 BPS by 2031
- Salt content reduction ingredients industry expected to generate 1/3rd incremental opportunity across the U.S
- Salt content reduction ingredients market expected to register a CAGR of 10% in Australia.
- Global market for salt content reduction ingredients to surge 3x, generating US$ 6.7 Bn incremental opportunity through 2031
“Rising consumer awareness on salt content reduction in diet is propelling demand growth for salt content reduction ingredients. Processed foods with reduced salt content cost at least 5% more than normal products, thus making them affordable for consumers with high purchasing power” says a Fact.MR analyst
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More Valuable Insights on Glutamates Salt Content Reduction Ingredients Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Glutamates Salt Content Reduction Ingredients, Sales and Demand of Glutamates Salt Content Reduction Ingredients, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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