The market for ingredients used to reduce salt content is expected to reach a value of US$ 1.5 billion in 2023 and then grow at a CAGR of 7.0% to US$ 2.9 billion by the end of 2033. The Salt Content Reduction Ingredients Market refers to a segment of the food and beverage industry that involves the development and production of ingredients and solutions aimed at reducing the sodium content in food products. The primary goal of the market is to offer solutions that reduce the risk of chronic diseases, such as hypertension, heart diseases, and stroke, that are associated with high sodium intake.
The market is driven by the growing consumer demand for healthier food options, the increasing prevalence of chronic diseases, and the need for food manufacturers to comply with government regulations on sodium reduction. Furthermore, the rising adoption of natural and clean-label ingredients is also propelling the growth of the market
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Salt Content Reduction Ingredients Market – Key Takeaways
- The global market is projected to exceed US$ 8 Bn towards 2029 end.
- North America is likely to remain lucrative throughout the forecast period due to several governmental regulations and policies in the U.S. along with WHO recommendations about salt intake.
- Glutamate will be frontrunner among other ingredients types throughout the assessment period.
- The meat & poultry applications is projected to gain traction in the global market.
Competitive Landscape
To increase their clientele and presence, top salt content reduction manufacturers are getting involved in the introduction of new products and the provision of specialized solutions. To offer new products and raise the quality of the current products, players are investing in R&D. To increase their visibility in the market, the market leaders are also concentrating on promoting their salt reduction products through various promotional and brand awareness campaigns.
Key Companies Profiled
- Fufeng Group Ltd.
- Givaudan S.A
- Innophos Holdings Inc.
- Kerry Group
- Ajinomoto Co. Inc.
- Angel Yeast Co. Ltd.
- Archer Daniels Midland Company
- 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.
Anticipated Market Impact by COVID-19 Outbreak
The COVID-19 outbreak had a minimal impact on the salt content reduction ingredients market due to strict lockdown measure, volatility in supply chain and raw materials among others. However, the market is picking up pace with ease of lockdowns. As high-salt is not good for immune system as well as growing awareness among consumer regarding salt consumption has prompted several manufacturers to launch a salt-reduced version of their products. Thus contributing to the market growth over the forecast period.
Regional Analysis For Marine Outboard Engine Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
Key Questions Covered in the Salt Content Reduction Ingredients Market
- What are the key drivers, restraints, and opportunities in the Salt Content Reduction Ingredients Market?
- What are the different types of salt content reduction ingredients available in the market, and what are their applications?
- What are the major trends and challenges in the Salt Content Reduction Ingredients Market?
- What is the market size and growth rate of the Salt Content Reduction Ingredients Market, and what are the revenue projections for the forecast period?
- What are the regional and country-level trends in the Salt Content Reduction Ingredients Market, and what are the growth prospects for different regions?
- Who are the key players in the Salt Content Reduction Ingredients Market, and what are their strategies and market share?
- What are the key developments, such as product launches, partnerships, and collaborations, in the Salt Content Reduction Ingredients Market?
- What are the regulatory frameworks and guidelines for salt reduction, and how are they impacting the Salt Content Reduction Ingredients Market?
- What are the emerging opportunities for the Salt Content Reduction Ingredients Market, and how are the market players leveraging them?
Overall, the Salt Content Reduction Ingredients Market is expected to witness significant growth in the coming years, driven by the increasing demand for healthier food options, the need for food manufacturers to comply with sodium reduction regulations, and the rising adoption of natural and clean-label ingredients