Worldwide Demand For Salt Content Reduction Ingredients Is Anticipated To Reach US$ 2.9 Billion By 2033
The market for additives used to reduce salt content is expected to reach a value of US$ 1.5 billion in 2023 and then develop at a CAGR of 7.0% to US$ 2.9 billion by the end of 2033. Growing risk of heart stroke and disease due to high sodium uptake in food has prompted an uptick in the demand. The extensive usage of salt content reduction ingredients in yeast extracts and meat products will further boost demand.Regarding voluntary sodium reduction, the U.S. Food and Drug Administration (FDA) has issued a number of policies and regulations. Dietary recommendations for Americans and Healthy Consumers suggest people to limit their daily sodium intake to 2,300 grammes or less.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฎ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4463?PS
Governmental rules and regulations are requiring food product manufacturers to use salt content reduction additives in their products to lower salt content, which is opening up a big market for ingredient producers around the world.
"Growing consumer awareness on salt reduction in their diet is boosting demand. Processed foods with lesser salt content cost around 5% over normal products, consequently makes them affordable for customers with high buying power" says a Fact.MR analyst.
๐ฆ๐ฎ๐น๐ ๐๐ผ๐ป๐๐ฒ๐ป๐ ๐ฅ๐ฒ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐๐ป๐ด๐ฟ๐ฒ๐ฑ๐ถ๐ฒ๐ป๐๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - ๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐
โข The global market is projected to exceed US$ 8 Bn towards 2029 end.
โข 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.
โข Glutamate will be frontrunner among other ingredients types throughout the assessment period.
โข The meat & poultry applications is projected to gain traction in the global market.
๐ฆ๐ฎ๐น๐ ๐๐ผ๐ป๐๐ฒ๐ป๐ ๐ฅ๐ฒ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐๐ป๐ด๐ฟ๐ฒ๐ฑ๐ถ๐ฒ๐ป๐๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐
โข Rising awareness in relation to issues caused by increasing preference for processed food and changing lifestyle boosting market awareness.
โข Substituting salt from daily food consumption has witnessed increased adoption of salt reduction ingredients in recent past, thus boosting market sales.
โข Providing huge benefits such as salt content reduction in processed food as well as product's flavor enhancement the throughout its life cycle will be catalyzing market growth.
๐ฆ๐ฎ๐น๐ ๐๐ผ๐ป๐๐ฒ๐ป๐ ๐ฅ๐ฒ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐๐ป๐ด๐ฟ๐ฒ๐ฑ๐ถ๐ฒ๐ป๐๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - ๐๐ผ๐ป๐๐๐ฟ๐ฎ๐ถ๐ป๐๐
โข Higher cost of ingredients in the global market will be hindering market growth to an extent.
โข Lack of awareness of healthy substitutes are likely to impede product demand in global market.
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๐๐ป๐๐ถ๐ฐ๐ถ๐ฝ๐ฎ๐๐ฒ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐บ๐ฝ๐ฎ๐ฐ๐ ๐ฏ๐ ๐๐ข๐ฉ๐๐-๐ญ๐ต ๐ข๐๐๐ฏ๐ฟ๐ฒ๐ฎ๐ธ
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.
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐ผ๐ป ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Key companies with conventional market presence in global market for salt content reduction ingredients are AJINOMOTO CO. INC., Fufeng Group, Cargill Incorporated, Koninklijke DSM N.V., E.I. du Pont de Nemours & Co., Associated British Foods PLC, and Advanced Food Systems Inc.. Though some companies in the market are engaged in product innovation and launch to attain their market share, majority of the others have undertaken numerous growth initiatives through strategic collaborations, product launches, and acquisitions.
๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐ฆ๐ฎ๐น๐ ๐๐ผ๐ป๐๐ฒ๐ป๐ ๐ฅ๐ฒ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐๐ป๐ด๐ฟ๐ฒ๐ฑ๐ถ๐ฒ๐ป๐๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
By Type :
โข Yeast Extracts
โข Glutamates (Monosodium/Potassium)
โข High Nucleotide Ingredients
โข Hydrolyzed Vegetable Proteins (HVP)
โข Mineral Salts (KCl, K2SO4, CACL2, etc.)
โข Others (Peptide Based Compounds, etc.)
By Application :
โข Dairy Products
โข Bakery Products
โข Fish Derivatives
โข Meat and Poultry
โข Beverages
โข Sauces and Seasonings
โข Others (Snacks, etc.)
By Region :
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia & Oceania
โข MEA
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
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