Salt Content Reduction Ingredients Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | Smart Salt, Angel Yeast Co. Ltd., Fufeng Group, Givaudan SA, Kerry Group PLC
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Salt Content Reduction Ingredients Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.16 billion In 2028 At A CAGR Of 9.5% :
The salt content reduction ingredients market size has grown strongly in recent years. It will grow from $3.28 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to consumer health awareness, regulatory initiatives, global dietary trend, supply chain challenges, consumer taste preferences, market competitiveness.
The salt content reduction ingredients market size is expected to see strong growth in the next few years. It will grow to $5.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to cost consideration, retailer influence, educational campaigns, consumer demographics, international trade dynamics. Major trends in the forecast period include technological advancements, clean label products, collaborations and partnerships, low sodium alternatives, product innovation.
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Salt Content Reduction Ingredients Market Major Segments
The salt content reduction ingredients market covered in this report is segmented -
1) By Product Type: Yeast Extracts, Glutamates, High Nucleotide Ingredients, Hydrolyzed Vegetable Protein, Mineral Salts, Other Product Types
2) By Ingredient: Mineral Blends, Amino Acid, Yeast Extract, Other Ingredients
3) By Application: Dairy Products, Bakery Products, Fish Derivatives, Meat And Poultry, Beverages, Sauces And Seasonings, Other Applications
Key Driver - Surge In Hypertension Drives Expansion Of The Salt Content Reduction Ingredients Market
The high prevalence of hypertension is expected to propel the growth of the salt content reduction ingredients market going forward. Hypertension is when the force of the blood against the artery walls is too high, 140/90 mmHg or higher. The high prevalence of hypertension is due to high sodium consumption. Less than 5 grams per day of salt for adults helps to reduce blood pressure and risk of cardiovascular disease, stroke, coronary heart attack, and other diseases. For instance, in November 2022, according to Medscape, a website providing access to medical information for clinicians and medical scientists, globally, hypertension affects an estimated 26% of the world's population (972 million people), with the prevalence anticipated to rise to 29% by 2025. Therefore, the high prevalence of hypertension is driving the growth of the salt-content reduction ingredients market.
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Prominent Trend - Innovative Product In Response To Health-Conscious Trends
Product innovation is a key trend gaining popularity in the salt content reduction ingredients market. Companies operating in the salt content reduction ingredients market are innovating products to sustain their position in the market. For instance, in April 2022, Tata Chemicals Limited, an India-based chemical company, launched Tata Salt Superlite with 30% less sodium. With high blood pressure concerns in India and salt intake exceeding recommended levels, SuperLite aims to cater to health-conscious consumers. Positioned as India's first 30% low-sodium salt, it addresses lifestyle considerations.
Salt Content Reduction Ingredients Market Players
Major companies operating in the salt content reduction ingredients market report are Advanced Food Systems Inc., Ajinomoto Co. Inc., Angel Yeast Co. Ltd., Archer Daniels Midland Company, Associated British Foods plc, Cargill Incorporated, DuPont de Nemours Inc., Fufeng Group, Givaudan SA, Innophos Holdings Inc., Jungbunzlauer Suisse AG, Kerry Group plc, Royal DSM N.V., Savory Systems International Inc., Sensient Technologies Corporation, Tate & Lyle plc, Dow Inc., Smart Salt, Dr. Paul Lohmann GmbH & Co. KGaA, AngelYeast Co., Ltd., Red Arrow Products Company LLC, DowDuPont, Advanced Food Systems, K+S Windsor Salt Ltd., Niacet Corporation, Angel Yeast, Kudos Blends Limited, Innophos Holdings, Savoury Systems International, Archers Daniels Midland Company
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Largest And Fastest Growing Region In The Market
North America was the largest region in the salt content reduction ingredients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global salt content reduction ingredients market during the forecast period. The regions covered in the salt content reduction ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Salt Content Reduction Ingredients Market Report Structure
3. Salt Content Reduction Ingredients Market Trends And Strategies
4. Salt Content Reduction Ingredients Market - Macro Economic Scenario
5. Salt Content Reduction Ingredients Market Size And Growth
…..
27. Salt Content Reduction Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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