Sodium Reduction Ingredients Market Size, Share Analysis, Trends, Growth, Industry Analysis And Forecast, 2033 | Key Players: Cargill Incorporated, Angel Yeast Co. Ltd., Kerry Group plc, Givaudan SA

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The Business Research Company presents an extensive market research report on the Sodium Reduction Ingredients Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The sodium reduction ingredients market size has grown rapidly in recent years. It will grow from $1.28 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to prevalence of hypertension, consumer preferences for healthy foods, rise in cardiovascular diseases, government regulations, globalization of fast food chains, educational campaigns.

The sodium reduction ingredients market size is expected to see rapid growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to government targets for sodium reduction, consumer demand for natural ingredients, increased application in beverages, rising incidence of lifestyle diseases, focus on umami enhancers. Major trends in the forecast period include customization for regional tastes, technological advancements in food science, clean label and natural ingredients, collaborations and partnerships in research, e-commerce and direct-to-consumer sales..

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Key Market Players:
Major companies operating in the sodium reduction ingredients market report are Cargill Incorporated, Angel Yeast Co. Ltd., Kerry Group plc, Givaudan SA, Innophos Holdings Inc., Tate & Lyle plc, Biospringer, Corbion NV, Advanced Food Systems Inc., DuPont de Nemours Inc., Dr. Paul Lohmann GmbH & Co. KGaA, K+S Kali GmbH, Koninklijke DSM NV, Ajinomoto Co. Inc., DSM Food Specialties BV, Jungbunzlauer International AG, Fufeng Group Company Limited, Meihua Holdings Group Co. Ltd., Foodchem International Corporation, Henan Jindan Lactic Acid Technology Co. Ltd., Qingdao Huifenghe MSG Co. Ltd., Shandong Qilu Biotechnology Group Co. Ltd., Saltwell AB, Savoury Systems International, Cambiaso Risso Group, Salt of the Earth Ltd., Sensient Technologies Corporation, Associated British Foods plc, GNT Group B.V., Ingredion Incorporated

Market Drivers:
The surge in demand for processed foods is expected to drive the sodium reduction ingredient market. 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. For instance, in July 2022, according to a report published by the Food and Drink Federation, a UK-based organization that represents and consults food and drink manufacturers, the processed food and drink industry had a turnover of $127.88 billion in 2020 and $136.43 billion in 2021, accounting for 20% of total UK manufacturing, and it has increased by 3.4% since 2020. Therefore, the surge in demand for packaged food will drive the growth of the demand for the sodium reduction ingredients market.

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The sodium reduction ingredients market covered in this report is segmented -
1) By Type: Mineral blend, Amino Acid, Yeast extracts, Other Types
2) By Mineral Blend: Potassium sulphate, Magnesium sulphate, Calcium chloride, Potassium lactate, Potassium chloride
2) By Application: Bakery and Confectionery, Dairy and frozen foods, Meat products, Sauces, Snacks

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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