Sodium Reduction Ingredients Market Size, Share Analysis, Growth And Forecast 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Sodium Reduction Ingredients Global Market Report 2023 identifies the surge in demand for processed foods as the major driver for the sodium reduction ingredients market's growth in the forecast period. Processed food is food that has undergone any modification during preparation. The increase in the income levels of people due to the growth of the economy, particularly in emerging countries, led to an increase in demand for processed and fast foods. Sodium is added to processed and packaged foods for various reasons, including microbial growth inhibition. Sodium is used to enhance flavor and texture and to bake and cure meat.

The global sodium reduction ingredients market is expected to grow from $1.16 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the sodium reduction ingredients market is expected to grow to $1.88 billion in 2027 at a CAGR of 9.9%.

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Major competitors in the sodium reduction ingredients market are Cargill Incorporated, Angel Yeast Company Limited, Kerry Group Public Limited Company, Givaudan Société Anonyme, Innophos Holdings Incorporated.

A key trend in the sodium reduction ingredients market includes technological advancement. Many players operating in the sodium reduction ingredients market are focused on innovating new technologies to reduce the sodium rate and sustain their market position. For instance, in May 2020, Phyto Corporation, a South Korea-based food technology firm, launched PhytoSalt, the world's first plant-based salt. It is capable of reducing sodium intake by 40%. PhytoSalt provides the same flavor, functionality, and taste as regular salt without the drawbacks of high sodium consumption. The company has achieved this reduction rate with continuous R&D and the development of new technology to extract salts completely from Salicornia.

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The sodium reduction ingredients market is segmented -
•By Type: Mineral blend, Amino Acid, Yeast extracts, Other Types
•By Mineral Blend: Potassium sulphate, Magnesium sulphate, Calcium chloride, Potassium lactate, Potassium chloride
•By Application: Bakery and Confectionery, Dairy and frozen foods, Meat products, Sauces, Snacks
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the sodium reduction ingredients market.

The Business Research Company's "Global Sodium Reduction Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Sodium Reduction Ingredients Market Include:
1. Executive Summary
2. Sodium Reduction Ingredients Market Characteristics
3. Sodium Reduction Ingredients Market Trends And Strategies
4. Sodium Reduction Ingredients Market - Macro Economic Scenario
5. Sodium Reduction Ingredients Market Size And Growth
……
26. Africa Sodium Reduction Ingredients Market
27. Sodium Reduction Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sodium Reduction Ingredients Market
29. Sodium Reduction Ingredients Market Future Outlook and Potential Analysis
30. Appendix

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