Global Salt Content Reduction Ingredients Market to See Incredible Growth 9.5% CAGR through 2027
Replacing table salt with monosodium glutamates reduces the sodium content by 40% without taste loss as MSG contains approx. 1/3rd the sodium. Glutamates can reduce the salt content in bakery products, sauces, and seasonings while enhancing the savoury umami flavour. Glutamates contribute only 2% of total sodium in the average diet even when MSG is widely used which explains its dominance in the salt content reduction ingredients market. Glutamates are predicted to retain a market share of almost 2/3rd the salt content reduction ingredients market by type at the end of the forecast period.
The meat & poultry segment is on track to account for a quarter of the salt content reduction ingredients market by end 2027 and could gain 60 BPS by then. A number of salt content reduction ingredients such as yeast extracts and potassium chloride are utilized in meat & poultry products. The substitution of sodium chloride with potassium chloride in meat can go a long way in reducing its sodium content. The meat & poultry segment is anticipated to have a value of just under US$ 700 million in 2017 alone, making it an opportunity too large to ignore.
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The North America salt content reduction ingredients market is poised to remain strong, largely due to stringent government policies and regulations pertaining to voluntary sodium reduction in the US. A much higher growth is likely in the APEJ region with a surging demand for processed food to cater to the massive continental populations of both China and India. A massive 140 BPS growth should help APEJ be worth over US$ 1.1 billion in 2027 and record an exponential CAGR of 10.5% for the period.
Some of the companies profiled in the report are Cargill, Koninklijke DSM N.V., E.I. du Pont de Nemours & Co., Advanced Food Systems, Sensient Technologies Corporation, Associated British Foods PLC, Kerry Group, Savoury Systems International, Angel Yeast Co., Smart Salt Inc., Jugbunzlauer Suisse A.G., Ajinomoto Co., Givaudan SA, Archers Daniels Midland Company, Tate & Lyle PLC, Innophos Holdings, and Fufeng Group.
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Consumers across the globe have shown a greater preference for consuming low salt products because of awareness of the connection between excessive salt intake and cardiovascular and other ailments. The rising prevalence of obesity coupled with doctor’s advice plays a supplementary role and thus, the scope of the salt content reduction ingredients market is extremely bright in the long run.
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