Spain Sodium Reduction Ingredient Market by Product Types (Amino Acids and Glutamates, Mineral Salts, Yeast Extract, and Other Product Types), Applications (Bakery and Confectionery, Condiments, Seasoning and Sauces, Dairy and Frozen Foods, Meat and Meat Products, Snacks, and Other Applications) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Spain sodium salts reduction ingredients market size is expected to expand at a significant CAGR of more than 4.2% during the forecast period, 2021–2028. Growth of the market is attributed to inclination of makers toward common and tasty fixings.
Sodium is considered as an essential nutrient which is vital for the harmonious functioning of the body. Sodium though found important for many biological processes in the human body, it is also responsible for creating hypertension and cardiovascular diseases. Therefore sodium reduction ingredients are used to reduce the sodium levels in the food products by providing similar taste and functionalities of salt. Ingredients such as amino acids, yeast extracts, potassium chloride, and others are mainly used as sodium reduction ingredients. As per the World Health Organization (WHO), food sources high in sodium are known to cause serious wellbeing messes.
The sodium reduction substances market has witnessed a growth owing to elements included in meals and beverages. However, excessive value related to such substances might also additionally restrain the general boom of the sodium reduction ingredients marketplace.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing awareness of the impacts of excessive sodium utilization is expected to boost the market during the forecast period.
- Rapid growth of the food industry for prepared foods to speed up sodium reduction market is major factor boosting the market during the forecast period.
- Increasing applications for candy parlor, bread kitchen items, frozen food varieties and dairy items is attempted to supplement the development of the market in coming years.
- High cost of ingredients is expected to restrict the market growth.
- R&D investment and advancement with the developments of new products in processed foods are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the Spain sodium reduction ingredients 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 |
Spain Sodium Reduction Ingredients Market- Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Product type (Amino acids and Glutamates, Mineral Salts, Yeast Extract and Other Product Types) and Applications (Bakery and Confectionery, Condiments, Seasoning and Sauces, Dairy and Frozen Foods, Processed Foods, Meat and Meat Products, Snacks and Other Applications) |
|
Regional Scope |
Spain |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Ajinomoto, Corpion, Kerry Group, and Cargill Incorporated |
Market Segment Insights
The processed food segment is projected to hold a major market share
Based on applications, the sodium reduction ingredients market is segmented into bakery and confectionery, condiments, seasoning and sauces, dairy and frozen foods, meat and meat products, snacks, and other applications. The processed food segment is expected to account for a key share of the market during the forecast period owing to limited salt consumption by Spanish people; majority of salt intake is from processed foods and food eaten outside the home. The main source is bread, which accounts for 19% of daily salt intake, followed by cured ham and cold meats. On the other hand, the bakery and confectionery segment is expected to grow at a rapid pace due to changing fashion over the last few years. A fast growth in the population, growing overseas influence, and fluctuating consuming behavior of the humans has considerably contributed to the market growth.
The mineral salts segment is projected to hold a major market share
Based on product types, the sodium reduction ingredients market is segmented into amino acids and glutamates, mineral salts, yeast extract, and other product types. The segment is expected to account for a key share of the market during the forecast period owing to large consumption of sodium reduction elements due to its wide availability.
Segments
Segments Covered in the ReportThe Spain sodium reduction ingredients market has been segmented on the basis of
Product Types
- Amino acids and Glutamates
- Mineral Salts
- Yeast extract
- Other Product Types
- Bakery and Confectionery
- Condiments
- Seasoning and Sauces
- Dairy and Frozen Foods
- Meat and Meat Products
- Snacks
- Other Applications
- Cargill Incorporated
- Kerry Group
- Ajinomoto
- Corpion
Competitive Landscape
Key players competing in the salt reduction ingredients market include Ajinomoto, Corpion, Kerry Group, and Cargill Incorporated.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spain Sodium Reduction Ingredient 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. Spain Sodium Reduction Ingredient Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spain Sodium Reduction Ingredient Market - Supply Chain
4.5. Global Spain Sodium Reduction Ingredient Market Forecast
4.5.1. Spain Sodium Reduction Ingredient Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spain Sodium Reduction Ingredient Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Spain Sodium Reduction Ingredient Market Absolute $ Opportunity
5. Global Spain Sodium Reduction Ingredient Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
5.3.1. Amino acids and Glutamates
5.3.2. Mineral Salts
5.3.3. Yeast extract
5.3.4. Other Product Types
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Spain Sodium Reduction Ingredient 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. Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
7. North America Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
7.4.1. Amino acids and Glutamates
7.4.2. Mineral Salts
7.4.3. Yeast extract
7.4.4. Other Product Types
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
8. Latin America Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
8.4.1. Amino acids and Glutamates
8.4.2. Mineral Salts
8.4.3. Yeast extract
8.4.4. Other Product Types
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
9. Europe Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
9.4.1. Amino acids and Glutamates
9.4.2. Mineral Salts
9.4.3. Yeast extract
9.4.4. Other Product Types
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
10. Asia Pacific Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
10.4.1. Amino acids and Glutamates
10.4.2. Mineral Salts
10.4.3. Yeast extract
10.4.4. Other Product Types
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
11. Middle East & Africa Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
11.4.1. Amino acids and Glutamates
11.4.2. Mineral Salts
11.4.3. Yeast extract
11.4.4. Other Product Types
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Spain Sodium Reduction Ingredient Market: Market Share Analysis
12.2. Spain Sodium Reduction Ingredient Distributors and Customers
12.3. Spain Sodium Reduction Ingredient Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Cargill Incorporated
12.4.2. Kerry Group
12.4.3. Ajinomoto
12.4.4. Corpion
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spain Sodium Reduction Ingredient 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. Spain Sodium Reduction Ingredient Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spain Sodium Reduction Ingredient Market - Supply Chain
4.5. Global Spain Sodium Reduction Ingredient Market Forecast
4.5.1. Spain Sodium Reduction Ingredient Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spain Sodium Reduction Ingredient Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Spain Sodium Reduction Ingredient Market Absolute $ Opportunity
5. Global Spain Sodium Reduction Ingredient Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
5.3.1. Amino acids and Glutamates
5.3.2. Mineral Salts
5.3.3. Yeast extract
5.3.4. Other Product Types
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Spain Sodium Reduction Ingredient 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. Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
7. North America Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
7.4.1. Amino acids and Glutamates
7.4.2. Mineral Salts
7.4.3. Yeast extract
7.4.4. Other Product Types
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
8. Latin America Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
8.4.1. Amino acids and Glutamates
8.4.2. Mineral Salts
8.4.3. Yeast extract
8.4.4. Other Product Types
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
9. Europe Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
9.4.1. Amino acids and Glutamates
9.4.2. Mineral Salts
9.4.3. Yeast extract
9.4.4. Other Product Types
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
10. Asia Pacific Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
10.4.1. Amino acids and Glutamates
10.4.2. Mineral Salts
10.4.3. Yeast extract
10.4.4. Other Product Types
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
11. Middle East & Africa Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market Size and Volume Forecast by Types
11.4.1. Amino acids and Glutamates
11.4.2. Mineral Salts
11.4.3. Yeast extract
11.4.4. Other Product Types
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
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 Spain Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Spain Sodium Reduction Ingredient Market: Market Share Analysis
12.2. Spain Sodium Reduction Ingredient Distributors and Customers
12.3. Spain Sodium Reduction Ingredient Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Cargill Incorporated
12.4.2. Kerry Group
12.4.3. Ajinomoto
12.4.4. Corpion
Segments Covered in the Report
The Spain sodium reduction ingredients market has been segmented on the basis of
Product Types
The Spain sodium reduction ingredients market has been segmented on the basis of
Product Types
- Amino acids and Glutamates
- Mineral Salts
- Yeast extract
- Other Product Types
- Bakery and Confectionery
- Condiments
- Seasoning and Sauces
- Dairy and Frozen Foods
- Meat and Meat Products
- Snacks
- Other Applications
- Cargill Incorporated
- Kerry Group
- Ajinomoto
- Corpion
Key players competing in the salt reduction ingredients market include Ajinomoto, Corpion, Kerry Group, and Cargill Incorporated.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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