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.
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 |
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.
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.
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.
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.
Some other reports from this category!