Sodium Reduction Agents Market

Sodium Reduction Agents Market by Product Types (Yeast Extracts, Mineral Salts [Magnesium Sulphate, Calcium Chloride, Potassium Lactate, and Potassium Chloride], and Amino Acids & Glutamates), Applications (Dairy & Frozen Foods, Snacks, Bakery & Confectionery, Meat & Meat Products, Condiments, Seasonings & Sauces, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-1467
  • Author: Growth Market Reports
  • Rating: 4.7
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  • No. Of Pages: 184
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The global sodium reduction agents market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising awareness regarding health effects of excessive sodium consumption and increasing application of sodium reduction agents in various industries.

Sodium Reduction Agents Market Key Takeaways

Sodium is highly used as a vital nutrient for smooth functioning and normal operations of the human body. On the other hand, excessive intake of sodium is associated with various human health risks such as increased risk of stroke, cardiovascular diseases, and hypertension. Many companies are launching different products that act as sodium reducing ingredient for decreasing the overall consumption of sodium. Food and beverage producing companies are working towards decreasing the sodium level in different food products.

Sodium reduction ingredient is a substitute for normal salt which helps to reduce salt content from the food products. Sodium reduction ingredient include yeast extracts, mineral salts, and amino acids which are highly used in sauces, snacks, meat products, bakery, dairy, seasonings, and confectionary. Food technologists and scientist are finding innovative technologies which allow sodium reduction ingredient in different products without damaging the product quality, taste, safety, texture, shelf-life, and regulatory compliance. Sodium reduction ingredient has various health benefits which help in reducing frequency of health diseases including cardiovascular diseases, kidney stone and diseases, high blood pressure, stomach cancer, and obesity.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing consumer preference towards healthy food habits is estimated to boost the market during the forecast period.
  • Rapid growth of the packed food industry is major factor propelling the market during the forecast period.
  • High price of the sodium reduction agent ingredients is projected to restrict the market growth.
  • Limited consumer commitment to food flavor act as major challenge that can hinder the market in the coming years.
  • Technological advancement and innovation in sodium reduction ingredient used in food and beverage industry is anticipated to offer significant opportunities for the market players.

Scope of the Report

The report on the global sodium reduction agents market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Sodium Reduction Agents Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Yeast Extracts, Mineral Salts [Magnesium Sulphate, Calcium Chloride, Potassium Lactate, and Potassium Chloride], and Amino Acids & Glutamates), Applications (Dairy & Frozen Foods, Snacks, Bakery & Confectionery, Meat & Meat Products, Condiments, Seasonings & Sauces, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

DuPont; Cargill Inc.; Angel Yeast Co. Ltd.; Kerry Group Plc.; Innophos Holdings Inc.; Savoury Systems International Inc,; Novozymes; Sensient Technologies Corp.; and Jungbunzlauer Suisse AG

 

Market Segment Insights:

Mineral Salts segment is projected to account for a large market share

Based on product types, the global sodium reduction agents market is divided into yeast extracts, mineral salts, and amino acids & glutamates. The mineral salts segment is further categorized as magnesium sulphate, calcium chloride, potassium lactate, and potassium chloride. The mineral salts segment is expected to constitute a key share of the market during the forecast period owing to possibility to replace normal salt regarding its functionality and taste and to its widespread availability. Mineral salts are highly used in bakery, meat and snacks. Potassium chloride is mostly used among mineral salts as it tastes similar as normal salt. Reduction of sodium through mineral salts is a feasible as well as cost effective approach.

Bakery & confectionery segment is projected to hold a key market share

On the basis of applications, the market is segmented into dairy & frozen foods, snacks, bakery & confectionery, meat & meat products, condiments, seasonings & sauces, and others. The bakery & confectionery segment is expected to represent a key share of the market in the coming years due to items of high consumption, affordability and high nutrient value. Changing eating habits of the people, increasing foreign influence, and rapid increase in the population is immensely contributing to the growth of bakery and confectionary industry. Health conscious consumers are demanding for healthy and new bakery products. However, the meat and meat products segment is anticipated to expand at a rapid pace during the forecast period due to meat is the major source of protein for South Africans. On the other hand, dairy and frozen products have strong potential in sodium reduction ingredient market.

Sodium Reduction Agents Market by Applications

 Asia Pacific is expected to dominate the market

On the basis of regions, the global sodium reduction agents market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising processed food demand in India and China. Growing diagnosis of cardiac aliments mainly in India is expected to fuel the market. On the other hand, the market of North America is expected to exhibit a rapid growth rate in the coming years due to rising consumer awareness regarding salt substitutes.

Sodium Reduction Agents Market by Regions

Segments

Segments Covered in the Report
The global sodium reduction agents market has been segmented on the basis of

Product Types

  • Yeast Extracts
  • Mineral Salts
    • Magnesium Sulphate
    • Calcium Chloride
    • Potassium Lactate
    • Potassium Chloride
  • Amino Acids & Glutamates

Applications

  • Dairy & Frozen Foods
  • Snacks
  • Bakery & Confectionery
  • Meat & Meat Products
  • Condiments, Seasonings & Sauces
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • DuPont
  • Cargill Inc.
  • Angel Yeast Co. Ltd.
  • Kerry Group Plc.
  • Innophos Holdings Inc.
  • Savoury Systems International Inc
  • Novozymes
  • Sensient Technologies Corp.
  • Jungbunzlauer Suisse AG

Competitive Landscape

Key players competing in the global sodium reduction agents market include DuPont; Cargill Inc.; Angel Yeast Co. Ltd.; Kerry Group Plc.; Innophos Holdings Inc.; Savoury Systems International Inc,; Novozymes; Sensient Technologies Corp.; and Jungbunzlauer Suisse AG. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Sodium Reduction Agents Market by Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sodium Reduction Agents Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sodium Reduction Agents Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sodium Reduction Agents Market - Supply Chain
  4.5. Global Sodium Reduction Agents Market Forecast
     4.5.1. Sodium Reduction Agents Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sodium Reduction Agents Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sodium Reduction Agents Market Absolute $ Opportunity
5. Global Sodium Reduction Agents Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Sodium Reduction Agents Market Size and Volume Forecast by Applications
     5.3.1. Dairy & Frozen Foods
     5.3.2. Snacks
     5.3.3. Bakery & Confectionery
     5.3.4. Meat & Meat Products
     5.3.5. Condiments, Seasonings & Sauces
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Sodium Reduction Agents Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Sodium Reduction Agents Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Sodium Reduction Agents Demand Share Forecast, 2019-2026
7. North America Sodium Reduction Agents Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Sodium Reduction Agents Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Sodium Reduction Agents Market Size and Volume Forecast by Applications
     7.4.1. Dairy & Frozen Foods
     7.4.2. Snacks
     7.4.3. Bakery & Confectionery
     7.4.4. Meat & Meat Products
     7.4.5. Condiments, Seasonings & Sauces
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Sodium Reduction Agents Demand Share Forecast, 2019-2026
8. Latin America Sodium Reduction Agents Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Sodium Reduction Agents Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Sodium Reduction Agents Market Size and Volume Forecast by Applications
     8.4.1. Dairy & Frozen Foods
     8.4.2. Snacks
     8.4.3. Bakery & Confectionery
     8.4.4. Meat & Meat Products
     8.4.5. Condiments, Seasonings & Sauces
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Sodium Reduction Agents Demand Share Forecast, 2019-2026
9. Europe Sodium Reduction Agents Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Sodium Reduction Agents Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Sodium Reduction Agents Market Size and Volume Forecast by Applications
     9.4.1. Dairy & Frozen Foods
     9.4.2. Snacks
     9.4.3. Bakery & Confectionery
     9.4.4. Meat & Meat Products
     9.4.5. Condiments, Seasonings & Sauces
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Sodium Reduction Agents Demand Share Forecast, 2019-2026
10. Asia Pacific Sodium Reduction Agents Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Sodium Reduction Agents Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Sodium Reduction Agents Market Size and Volume Forecast by Applications
     10.4.1. Dairy & Frozen Foods
     10.4.2. Snacks
     10.4.3. Bakery & Confectionery
     10.4.4. Meat & Meat Products
     10.4.5. Condiments, Seasonings & Sauces
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Sodium Reduction Agents Demand Share Forecast, 2019-2026
11. Middle East & Africa Sodium Reduction Agents Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Sodium Reduction Agents Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Sodium Reduction Agents Market Size and Volume Forecast by Applications
     11.4.1. Dairy & Frozen Foods
     11.4.2. Snacks
     11.4.3. Bakery & Confectionery
     11.4.4. Meat & Meat Products
     11.4.5. Condiments, Seasonings & Sauces
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Sodium Reduction Agents Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Sodium Reduction Agents Market: Market Share Analysis
  12.2. Sodium Reduction Agents Distributors and Customers
  12.3. Sodium Reduction Agents Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. DuPont
     12.4.2. Cargill Inc.
     12.4.3. Angel Yeast Co. Ltd.
     12.4.4. Kerry Group Plc.
     12.4.5. Innophos Holdings Inc.

Segments Covered in the Report
The global sodium reduction agents market has been segmented on the basis of

Product Types

  • Yeast Extracts
  • Mineral Salts
    • Magnesium Sulphate
    • Calcium Chloride
    • Potassium Lactate
    • Potassium Chloride
  • Amino Acids & Glutamates

Applications

  • Dairy & Frozen Foods
  • Snacks
  • Bakery & Confectionery
  • Meat & Meat Products
  • Condiments, Seasonings & Sauces
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • DuPont
  • Cargill Inc.
  • Angel Yeast Co. Ltd.
  • Kerry Group Plc.
  • Innophos Holdings Inc.
  • Savoury Systems International Inc
  • Novozymes
  • Sensient Technologies Corp.
  • Jungbunzlauer Suisse AG

Key players competing in the global sodium reduction agents market include DuPont; Cargill Inc.; Angel Yeast Co. Ltd.; Kerry Group Plc.; Innophos Holdings Inc.; Savoury Systems International Inc,; Novozymes; Sensient Technologies Corp.; and Jungbunzlauer Suisse AG. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Sodium Reduction Agents Market by Key Players

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