Plant-Based Protein Is The Fastest Growing Segment Fueling Growth Of The Sodium Reduction Ingredient Market

 

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 help in reducing the sodium content in processed and packaged foods without compromising on the taste. Sodium is added in foods mainly for flavor enhancement but excessive consumption of sodium can cause high blood pressure, cardiovascular diseases, and stroke. Hence, sodium reduction ingredients provide a healthier option and facilitate the development of reformulated low-sodium food products.

Market key trends:
One of the major trends in the sodium reduction ingredient market is the rising demand for plant-based proteins. With the growing vegan and vegetarian population worldwide, food manufacturers are focusing on developing more plant-based meat alternatives, dairy products and other vegan foods. However, plant-based foods contain lesser sodium than animal-based products. Hence, sodium reduction ingredients play a vital role in plant-based food products to enhance flavor without comprising on taste. This rising demand for vegan foods is expected to drive the growth of the sodium reduction ingredient market over the forecast period.

Segment Analysis
The sodium reduction ingredient market is segmented into salt substitutes/potassium chloride, mineral blends & yeast extract, high Nu/NuK salt, glutamates, hydrolyzed vegetable protein, and others. Among these segments, the salt substitutes/potassium chloride segment dominates the market and accounted for the largest market share in 2023. This is because salt substitutes/potassium chloride is the most widely used sodium reduction ingredient across various food applications as a direct substitute or partial substitute for sodium chloride.

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 awareness among consumers about reducing sodium intake. Consumers are increasingly preferring low-sodium food products due to rising prevalence of lifestyle diseases like hypertension.

North America accounted for the largest share of the global sodium reduction ingredient market in 2023. The high prevalence of lifestyle diseases like hypertension, lifestyle changes to reduce salt consumption, and presence of major market players in the region are contributing to the regional market growth. Asia Pacific is expected to witness the fastest growth during the forecast period owing to the rising disposable income, growing working population, and increasing health consciousness among consumers in emerging economies 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 major players are focusing on new product launches, expansions, mergers & acquisitions, and partnerships to strengthen their global presence in the sodium reduction ingredient industry.

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