by The global Sodium Reduction Ingredient Market is estimated to be valued at US$ 1.54 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sodium reduction ingredients are used as substitutes for table salt (sodium chloride) in various food and beverage products. These ingredients enhance the taste without adding sodium and reduce the health risks associated with high sodium consumption like heart diseases and stroke.
Market key trends:
One of the major trends in the sodium reduction ingredient market is the growing demand for clean label and natural ingredients. Consumers are increasingly looking for food products with simple and easy-to-understand ingredient lists, without artificial preservatives and colors. This has driven many manufacturers to develop sodium reduction solutions from natural sources like herbs and spices. For instance, potassium chloride is effective alternative to sodium chloride and is approved as GRAS (Generally Recognized as Safe) ingredient.
SWOT Analysis
Strength: Sodium reduction ingredients such as potassium chloride and magnesium chloride help maintain the taste profile and deliver the same salty experience as sodium. They are natural replacements for sodium and have no negative health impacts.
Weakness: The high costs associated with sodium reduction ingredients is a major weakness. Additionally, consumers are still accustomed to the taste of sodium and may not accept products with sodium reduction at first.
Opportunity: With growing health consciousness and focus on reducing sodium intake, the market for sodium reduction ingredients provides huge growth opportunities. The food processing industry is interested in reducing sodium content in products.
Threats: Strict regulations regarding sodium levels in different food categories can impact product reformulation. The acceptance of salty taste without sodium by consumers also poses a threat.
Key Takeaways
The global Sodium Reduction Ingredient Market is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing health consciousness among consumers and stringent government regulations on sodium levels in food products.
North America dominates the sodium reduction ingredient market currently due to high health awareness and strict rules regarding sodium in processed food. Asia Pacific is expected to grow at the fastest pace during the forecast period with increasing disposable income and changing food preferences in countries like China and India.
Key players operating in the Sodium Reduction Ingredient market are Cambrian Solutions Inc., Kerry Group PLC, Associated British Foods plc, Givaudan SA ADR, E. I. DUPONT DE NEMOURS AND COMPANY, Innophos Holdings, Inc., Jungbunzlauer Suisse A.G., Sensient Technologies Corporation, and Tate & Lyle PLC. These companies are focused on developing new sodium reduction solutions and acquiring smaller players to gain higher market share.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
