Sodium Reduction Ingredients Market Report 2024: Analysis, Trends, Growth, Forecast 2033

"The new report published by The Business Research Company, titled ""Sodium Reduction Ingredients Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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The Rising Appetite For Processed Foods Ignites Growth In The Sodium Reduction Ingredients Market
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.

Innovations In Sodium Reduction Technologies Transforming The Market Landscape
Technological advancement is a key trend in the sodium reduction ingredients market. 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 October 2022, Fooditive, a Netherlands-based, food ingredients company, launched LowSalt, a unique type of salt that addresses the negative impacts of salt and offers a low sodium salt substitute that is also a more environmentally friendly choice. This new type of salt is 50% lesser sodium while providing the same flavor profile as salt. LowSalt uses a unique microorganism technology to provide flavoring for the salt and is focused on helping people who want to reduce their sodium intake without feeling deprived of flavor.

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

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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

Contents of the report:
1. Executive Summary
2. Sodium Reduction Ingredients Market Report Structure
3. Sodium Reduction Ingredients Market Trends And Strategies
4. Sodium Reduction Ingredients Market - Macro Economic Scenario
5. Sodium Reduction Ingredients Market Size And Growth
…..
27. Sodium 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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