Fact.MR’s report establishes the global market for salt content reduction ingredients market is expected to register a stupendous double-digit CAGR of 19.92% by garnering market value of US$ 8 Bn at the end of the 2021-2031 forecast period. Increasing awareness regarding high salt intake has pushed manufacturers to replace salt with healthier alternatives.
Historically, between 2016 and 2020, the salt content reduction ingredients industry gained a market revenue of US$ 1.3 Bn, expanding at an impressive 11% CAGR. The coronavirus pandemic has accelerated the sales of salt content reduction ingredients due to the increase in demand for packaged foods.
Manufacturers of salt content reduction ingredients are eying product innovation, keeping in mind health concerns attributed to high consumption of sodium salts. Global salt reduction ingredients market is moderately fragmented, majorly dominated by few top players. Thus, companies have been focusing on providing innovative products that can preserve taste and reduce the salt content to a large extent in compliance with product cost reduction.
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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
Why are Manufacturers targeting the U.S Salt Content Reduction Ingredients Landscape?
From a regional perspective, the U.S is expected to maintain its dominance throughout the forecast period in terms of both value and volume. This can be mainly attributed to numerous governmental policies and regulations in the U.S. and WHO recommendations regarding salt intake.
Various governmental and private organizations in the region are conducting health awareness campaigns promoting the utilization of salt content reduction ingredients in food products to maintain cardiac health.
This, in turn, has affected the salt content reduction ingredients market positively in North America. Thus, the region is expected to account for one-third of incremental opportunity for salt content reduction ingredients market. Fact.MR expects the U.S to generate almost 1/3rd of total incremental opportunity through 2031.
Competitive Landscape
For Instance, In May 2017, Kerry Group acquired the Chinese firm Tianning Flavour & Fragrance (Jiangsu) Co Ltd, which manufactures a wide range of fragrances and flavors including salt content reduction ingredients for some of China’s food and beverage groups, with applications ranging from meat to tea-based drinks.
Key players in the salt content reduction ingredients market include Fufeng Group, AJINOMOTO CO. INC., Cargill Incorporated, E.I. du Pont de Nemours & Co., Koninklijke DSM N.V., Advanced Food Systems Inc., Associated British Foods PLC
Key Market Players:
- Fufeng Group Ltd.
- Givaudan S.A
- Innophos Holdings Inc.
- Jugbunzlauer Suisse A.G.
- Kerry Group
- Ajinomoto Co. Inc.
- Angel Yeast Co. Ltd.
- Archer Daniels Midland Company
- Cargill Incorporated
- I. du Pont de Nemours & Co.
- Koninklijke DSM N.V.
- Advanced Food Systems Inc.
- Associated British Foods PLC
- Savoury Systems International Inc.
- Sensient Technologies Corporation
- Smart Salt Plc.
- Tate & Lyle Plc.
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Key Segments Covered
Type
- Yeast Extracts Salt Content Reduction Ingredients
- Glutamate Salt Content Reduction Ingredients (Monosodium/Potassium)
- High Nucleotide Salt Content Reduction Ingredients
- Hydrolysed Vegetable Protein (HVP) Salt Content Reduction Ingredients
- Mineral Salt Content Reduction Ingredients (KCl, K2SO4, CaCL2, etc.)
- Others (Peptides Based Compounds, etc.)
Application
- Salt Content Reduction Ingredients for Dairy Products
- Salt Content Reduction Ingredients for Bakery Products
- Salt Content Reduction Ingredients for Fish Derivatives
- Salt Content Reduction Ingredients for Meat and Poultry
- Salt Content Reduction Ingredients for Beverages
- Salt Content Reduction Ingredients for Sauces and Seasonings
- Salt Content Reduction Ingredients for Others (Snacks, etc.)
Key Points Covered in Salt Content Reduction Ingredients Industry Analysis
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Salt Content Reduction Ingredients Market and How to Navigate
- Recommendation on Key Winning Strategies
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