Mexico Sodium Reduction Ingredients Market Outlook 2031:
The Mexico sodium reduction ingredients market size was valued at USD 114.53 Million in 2022 and is projected to reach USD 260.92 Million by 2031, expanding at a CAGR of 9.58% during the forecast period 2023 - 2031. The growth of the market is attributed to the rising awareness of the harmful consequences of excessive sodium consumption.
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.
Sodium Reduction Ingredients Market Trends, Drivers, Restraints, and Opportunities
- Rising consumer preference towards healthy food habits is estimated to fuel the market in the coming years.
- Increasing awareness about the harmful effects of consumption of salt on body is anticipated to boost the market.
- Rapid growth of the packed food industry is major factor spurring the market in the coming years.
- High price of the ingredients is projected to hamper the market growth.
- Limited consumer commitment to food flavor act as major challenge that can restrict the market during the forecast period.
- 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 Sodium Reduction Ingredients Market Report
The report on the Mexico 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.
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Attributes
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Details
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Report Title
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Mexico Sodium Reduction Ingredients Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023 - 2031
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Segmentation
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Product Type (Amino Acids and Glutamates, Mineral Salts, Yeast Extracts, and Other Product Types), Application (Bakery and Confectionery, Condiments, Seasonings and Sauces, Dairy and Frozen Foods, Meat and Meat Products, Snacks, and Other Applications)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Lesaffre International, Lallemand Inc., Koninklijke DSM NV, Kerry Inc., and Cargill, Incorporated.
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Sodium Reduction Ingredients Market Segment Insights
The mineral salts segment is projected to hold a large market share
On the basis of product type, the Mexico sodium reduction ingredients market is divided into amino acids and glutamates, mineral salts, yeast extracts, and others. The mineral salts segment is expected to represent a key share of the market during the forecast period. Mineral salts are the most often used sodium reduction component in the United States as they include potassium chloride, which provides taste without increasing daily sodium consumption when used as a salt substitute.
In the Mexican market, companies like Cargill are prominent mineral salt providers to the food processing sector. The firm has one of the most comprehensive mineral salt product lines in the market; including potassium salts as potassium pro potassium chloride and potassium pro ultra-fine potassium chloride.
The meat and meat products segment is expected to grow at a rapid pace
On the basis of application, the Mexico sodium reduction ingredients market is divided into bakery and confectionery, condiments, seasonings and sauces, dairy and frozen foods, meat and meat products, snacks, and others. The meat and meat products segment is anticipated to represent the key share of market during the forecast period.
Meat and processed foods dominate the market in the Mexico as sodium in meat and processed foods and fast foods are high as it leads to health problems like heart disease, stroke, and high blood pressure.
Segments
The market has been segmented on the basis of
Product type
- Amino Acids and Glutamates
- Mineral Salts
- Yeast Extracts
- Others
Application
- Bakery and Confectionery
- Condiments
- Seasonings and Sauces
- Dairy and Frozen Foods
- Meat and Meat Products
- Snacks
- Others
Key Players
Competitive Landscape
Key players competing in the market include Lesaffre International, Lallemand Inc., Koninklijke DSM NV, Kerry Inc., and Cargill, Incorporated.
Some of these players are using several market strategies including/such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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