The Spain sodium reduction ingredients market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.2% during 2023–2031. 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.
Spain Sodium Reduction Ingredient 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 Spain Sodium Reduction Ingredient Market 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.
Spain Sodium Reduction Ingredients Market- Industry Analysis, Growth, Share, Size, Trends, and Forecast
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)
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
Spain Sodium Reduction Ingredient 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.
The Spain sodium reduction ingredients market has been segmented on the basis of
- Amino acids and Glutamates
- Mineral Salts
- Yeast extract
- Other Product Types
- Bakery and Confectionery
- Seasoning and Sauces
- Dairy and Frozen Foods
- Meat and Meat Products
- Other Applications
- Cargill Incorporated
- Kerry Group
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.