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Sodium Reduction Ingredients Market 2020-2027: Research Report - A Latest Research Report to Share Market Insights and Dynamics

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akriti verma
Sodium Reduction Ingredients Market 2020-2027: Research Report - A Latest Research Report to Share Market Insights and Dynamics

Market Synopsis

As per the assessment conducted by Market Research Future (MRFR), the global market for sodium reduction ingredients is expected to acquire a market value of USD 1.62 billion while expanding at a CAGR of 7.3% during the assessment period from 2019 to 2024.

The growing risk of cardiovascular ailments due to consumption of high sodium food is expected to enhance the demand for sodium reduction ingredients, which can augment the market significantly during the forecast period. The increasing adoption of salt replacers is likely to expedite the expansion of the sodium reduction ingredients industry in the coming period. Furthermore, the growing initiatives taken by the government are expected to boost the sodium reduction ingredients market growth.

On the other hand, the high price of sodium reduction ingredients is expected to hamper the market growth during the assessment tenure. However, the growing health-consciousness among the expanding populace is projected to counter the impeding cause that can propel the sodium reduction ingredients industry.

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Market Segmentation

The segmental analysis of the global market for sodium reduction ingredients is done by application and ingredients.

The application-based segments of the global market for sodium reduction ingredients are dairy and frozen foods, bakery and confectionery, sauces and seasonings, meat products, snacks, and others. Among all, the sauces and seasonings segment is expected to dominate the market during the assessment period. The growth of the segment can be attributed to the growing demand for pizza, sandwiches, rolls, and breads.

The ingredients-based segments of the global market for sodium reduction ingredients are amino acids, hydrolyzed vegetable protein, mineral salts, yeast extracts, and others. Among all segments, the mineral salts segment is anticipated to dominate the market during the review timeframe.

Regional Analysis

As per the sodium reduction ingredients report prepared by MRFR, the global market for sodium reduction ingredients market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

North America is predicted to lead the global market during the review timeframe owing to the growing preference for processed food. The increasing health-consciousness among the increasing population is expected to be a salient cause that can grow the regional market. Furthermore, the US Food and Drug Administration has been regulating the salt content used in manufacturing various edibles, which is another crucial factor that can strengthen the regional trade during the review tenure.

Europe is predicted to acquire a significant market value during the forecast period owing to the rising consumer awareness about salt substitutes. The substantial participation of the UK, France, Germany, and Italy is likely to play a salient role in strengthening the regional market. The increasing incidence of obesity and diabetes is expected to grow the industry in the region. The government of various countries is taking initiatives to regulate salt content. In Europe, the UK government has been pressured to make salt reduction targets on food companies mandatory to strengthen the regional market.

APAC is anticipated to show a significant market growth owing to the expansion of bakery and confectionaries, especially in the developing countries. In addition, the changing lifestyle, increasing disposable income, and expanding health-consciousness among people are predicted to develop the regional market in the coming period.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/sodium-reduction-ingredients-market-5215

Key Players

Some eminent players in the global market for sodium reduction ingredients market are Cargill Inc. (US), DSM NV (Netherlands), AngelYeast Co., Ltd. (China), Corbion N.V. (Netherlands), Jungbunzlauer Suisse AG (Switzerland), Kerry Group plc (Ireland), Innophos Holdings Inc. (US), Tate & Lyle PLC (UK), Sensient Technologies Corporation (US), Givaudan SA (Switzerland) and Barcelona Food Ingredients (Spain).

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

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