Salt Substitutes Market Headed for Growth and Global Expansion by 2026 by Top Key Players - Cargill, Nu-Tek Food Sciences LLC, Koninklijke DSM N.V., Angel Yeast

Salt Substitutes are low sodium substitutes that have been developed to tackle the increasing risk of cardiovascular diseases and high blood pressure. Increasing health awareness regarding disorders resulting from high consumption of sodium chloride is driving demand for these products. The trend of low sodium diet is gaining significant traction, owing to which consumption of these products is expected to increase rapidly over the forecast period.

Market Dynamics

Mineral salts is the dominant product type segment in the global salt substitutes market. It is gaining importance in food flavors, as it provides taste enhancing and taste-modifying property. Dairy and frozen foods is the largest application segment, which witnessed market share of over 45% in 2016. North America dominated the global salt substitute market, owing to increasing awareness among the consumers regarding the benefits of sodium reduction and strong initiative from the market players in this region in introducing new products to meet the rising demand from food industry. Asia Pacific is expected to be the fastest growing region in salt substitute market backed by rising consumption of salt substitutes in countries such as China, Japan, South Korea and India.

Download PDF Brochure at :
https://www.coherentmarketinsights.com/insight/request-pdf/1430

Yeast extracts is gaining significant traction among product segment in salt substitutes market, witnessing a CAGR of 9.82% during the forecast period. Yeast extracts ingredients are majorly obtained from Saccharomyces cerevisiae. Furthermore, it can be formulated with potassium chloride to reduce the metallic taste of potassium chloride and enhance salty taste. Moreover, in food and beverages industry, it is used as a flavoring agent, additive or preservative. It has replaced Monosodium Glutamate (MSG), which is a sodium salt for glutamic acid. MSG contains 90% of glutamate, which can cause nausea, weakness and headache. Yeast extract only contains 5% of glutamate, making it the more preferred option.

Europe is the second largest market for salt substitutes. Increasing health awareness among population and introduction of new products majorly focusing on the health requirement of the consumers are the major factors driving growth of the market. Manufacturers in the region are working towards introduction of healthy variants of existing products. European manufacturers are focused on reducing the concentration of sodium in meat, dairy, and convenience food products.

Asia Pacific is expected to be the third-fastest growing market in the global salt substitute market. Increasing adoption of salt substitutes in China, South Korea, and India is anticipated to bolster market growth. Economies in Central Asia such as Kazakhstan, Uzbekistan, Turkmenistan and Tajikistan consumed an average of 14.25g of salt per day as compared to the 5g/day recommendation pegged by the World Health Organization (WHO). These factors are creating an awareness among the consumers to adopt salt alternatives, which is a major factor boosting growth of salt substitutes market in this region.

Manufacturers operating in the global salt substitutes market are adopting various strategies such as merger and acquisitions, collaborations, and new product launches among others to retain its position in the market. For instance, in 2016, Koninklijke DSM N.V., launched ModuMax, a natural taste modulator, which is allergen-free, clean label and it can be used in a wide variety of applications from savory soups and sauces to sweet beverages and desserts.

Key Players :

Key players operating in the global salt substitute market include Cargill Inc., Nu-Tek Food Sciences LLC, Koninklijke DSM N.V., Montana Indusrie Holding A.G., Angel Yeast Co. Ltd., Tate & Lyle Plc, and Innophos Holding Inc.

Request Sample Copy of this Report :
https://www.coherentmarketinsights.com/insight/request-sample/1430

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services and competitive analysis through various recommendations related to emerging market trends, technologies and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.