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Salt Content Reduction Ingredients Market 2024 - By Industry Analysis, Competitive Landscape, Growth Factors, Revenue And Outlook By 2033
Salt Content Reduction Ingredients Market
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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
Salt Content Reduction Ingredients Market 2024 Key Insights:
• The salt content reduction ingredients market will grow to $5.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
• Surge In Hypertension Drives Expansion Of The Salt Content Reduction Ingredients Market
• Innovative Product In Response To Health-Conscious Trends
• North America was the largest region in the salt content reduction ingredients market in 2023
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