The Salt Content Reduction Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Salt Content Reduction Ingredients Global Market Report 2024, 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.
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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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
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.
The salt content reduction ingredients market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Advanced Food Systems Inc.
- Ajinomoto Co. Inc.
- Angel Yeast Co. Ltd.
- Archer Daniels Midland Company
- Associated British Foods PLC
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