Sodium Reduction Ingredient Market to expand at a CAGR of 11.7% by 2025
Posted by Shashii Pawar on July 26th, 2017
Sodium reduction is a process of reducing level of salt in edible products. Sodium reduction ingredients are functional substitutes for salt which reduce or remove salt content from food. Consumption of reduced sodium products help reduce incidences of various health issues such as high blood pressure, kidney disease and kidney stone, cardiovascular diseases, stomach cancer and obesity.
Market Value and Forecast
The global sodium reduction ingredient market is estimated to be valued at US$ 581.6 Mn by the end of 2015 and expected to account for US$ 1,758.4 Mn by 2025, reflecting a CAGR of 11.7%. By ingredients, the mineral blends segment is a major contributor to the overall revenue of the sodium reduction ingredient market.
Growth of the global sodium reduction ingredient market is mainly driven by rising awareness among consumers regarding the adverse effects of high sodium intake coupled with continuous launch of new range of reduced sodium products across the globe. Moreover, government bodies worldwide promote various awareness programs and set guidelines for food manufacturers regarding sodium level in their products, which is further expected to fuel market growth during the forecast period.
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However, factors such as after taste associated with reduced sodium ingredients are expected to hinder overall growth of the market in the near future. Moreover, the final price of products containing sodium reduction ingredient increases by at least by 5.0%, which is expected to restrain growth of the sodium reduction ingredient market during forecast period.
Segmentation by Application
The global sodium reduction ingredient market is segmented on the basis of application into sauce/dips/dressings, snacks, bakery products, cheese/butter, frozen food and others (beverages, baby food, and breakfast cereal). In terms of value, the snacks segment is estimated to account for over 26.9% revenue share of the global sodium reduction ingredient market share by end of 2015, and is expected to remain a major contributor in terms of revenue during the forecast period. Similarly, the frozen food segment is estimated to account for over 23.9% share of the global sodium reduction ingredient market by end of 2015.
The global sodium reduction ingredient market has been segmented into seven major regions, namely, North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East & Africa. In terms of value, North America is estimated to dominate with 32.0% share of the overall sodium reduction ingredient market by end of 2015. APEJ is anticipated to be the fastest growing region, registering a CAGR of 13.2% over the forecast period.
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Key players identified in the global sodium reduction ingredient market are Cambrian Solutions Inc., Kerry Group PLC, Associated British Foods plc, Givaudan SA, E. I. Du Pont De Nemours and Company, Innophos Holdings, Inc, Jungbunzlauer Suisse A.G., Sensient Technologies Corporation and Tate & Lyle PLC. These companies are focused towards product innovation to broaden their product portfolios in order to meet the diverse demands of various end user industries.
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About the AuthorShashii Pawar
Joined: December 22nd, 2016
Articles Posted: 1,781
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