Sodium Reduction Ingredients Global Market Report 2023

Description

“Sodium Reduction Ingredients Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sodium reduction ingredients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for sodium reduction ingredients ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The sodium reduction ingredients market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Mineral blend; Amino Acid; Yeast extracts; Other Types

2) By Mineral Blend: Potassium sulphate; Magnesium sulphate; Calcium chloride; Potassium lactate; Potassium chloride

3) By Application: Bakery and Confectionery; Dairy and frozen foods; Meat products; Sauces; Snacks

Companies Mentioned: Cargill Incorporated; Angel Yeast Company Limited; Kerry Group Public Limited Company; Givaudan Societe Anonyme; Innophos Holdings Incorporated

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the sodium reduction ingredients market are Cargill Incorporated, Angel Yeast Company Limited, Kerry Group Public Limited Company, Givaudan Societe Anonyme, Innophos Holdings Incorporated, Jungbunzlauer Suisse Aktiengesellschaft, K+S Kali GMBH, Royal DSM Naamloze Vennootschap, Advanced Food Systems Incorporated, Dr. Paul Lohmann GmbH & Co. KG, Associated British Foods Public Limited Company, Tate & Lyle Public Limited Company, Sensient Technologies, and Bio Springer S.A.

The global sodium reduction ingredients market is expected to grow from $1.16 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sodium reduction ingredients market is expected to grow to $1.88 billion in 2027 at a CAGR of 9.9%.

The sodium reduction ingredients market consists of sales of sea salts, salt blends, natural peptide extracts, tomatoes, parmesan cheese, mushrooms and soy. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sodium reduction ingredients are food additives that reduce sodium levels in food while keeping the same flavor and functioning as salt. Sodium reduction ingredients increase the gustatory effects of sodium on the taste, even though the concentration of salt (sodium chloride) has been decreased.

North America was the largest region in the sodium reduction ingredients market in 2022. The regions covered in the sodium reduction ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The major types of sodium reduction ingredients are mineral blend, amino acid, yeast extracts, and other types. Mineral blend refers to a salt that helps reduce sodium without compromising taste. It allows for significant sodium reduction while achieving identical functionality in finished products. The mineral blend is widely used in baking, snacks, confectioneries, meat, seafood, and plant-based products. The various mineral blends include potassium sulphate, magnesium sulphate, calcium chloride, potassium lactate, and potassium chloride. These are used in various applications, such as bakery and confectionery, dairy and frozen foods, meat products sauces, and snacks.

The surge in demand for processed foods is expected to drive the sodium reduction ingredient market. Processed food is food that has undergone any modification during preparation. The increase in the income levels of people due to the growth of the economy, particularly in emerging countries, led to an increase in demand for processed and fast foods. Sodium is added to processed and packaged foods for various reasons, including microbial growth inhibition. Sodium is used to enhance flavor and texture and to bake and cure meat. For instance, in July 2022, according to a report published by the Food and Drink Federation, a UK-based organization that represents and consults food and drink manufacturers, the processed food and drink industry had a turnover of $127.88 billion in 2020 and $136.43 billion in 2021, accounting for 20% of total UK manufacturing, and it has increased by 3.4% since 2020. Therefore, the surge in demand for packaged food will drive demand for the sodium reduction ingredients market.

Technological advancement is a key trend in the sodium reduction ingredients market. Many players operating in the sodium reduction ingredients market are focused on innovating new technologies to reduce the sodium rate and sustain their market position. For instance, in May 2020, Phyto Corporation, a South Korea-based food technology firm, launched PhytoSalt, the world's first plant-based salt. It is capable of reducing sodium intake by 40%. PhytoSalt provides the same flavor, functionality, and taste as regular salt without the drawbacks of high sodium consumption. The company has achieved this reduction rate with continuous R&D and the development of new technology to extract salts completely from Salicornia.

In July 2021, Sensient Technologies Corporation, a US-based manufacturer of colors, flavors, and fragrances, acquired Flavor Solutions, Inc. for an undisclosed amount. Through this acquisition, Sensient increases its technical solution capabilities by adding important technologies and expanding its flavor portfolio. Flavor Solutions Inc. is a US-based custom product and flavor development company that deals in salt reduction and taste modulation technology platforms.

The countries covered in the sodium reduction ingredients market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The sodium reduction ingredients market research report is one of a series of new reports from The Business Research Company that provides sodium reduction ingredients market statistics, including sodium reduction ingredients industry global market size, regional shares, competitors with a sodium reduction ingredients market share, detailed sodium reduction ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the sodium reduction ingredients industry. This sodium reduction ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r6037

1. Executive Summary

2. Sodium Reduction Ingredients Market Characteristics

3. Sodium Reduction Ingredients Market Trends And Strategies

4. Sodium Reduction Ingredients Market - Macro Economic Scenario

4.1. COVID-19 Impact On Sodium Reduction Ingredients Market
4.2. Ukraine-Russia War Impact On Sodium Reduction Ingredients Market
4.3. Impact Of High Inflation On Sodium Reduction Ingredients Market

5. Sodium Reduction Ingredients Market Size And Growth

5.1. Global Sodium Reduction Ingredients Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Sodium Reduction Ingredients Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Sodium Reduction Ingredients Market Segmentation

6.1. Global Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Mineral Blend
Amino Acid
Yeast extracts
Other Types
6.2. Global Sodium Reduction Ingredients Market, Segmentation By Mineral Blend, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Potassium Sulphate
Magnesium Sulphate
Calcium Chloride
Potassium Lactate
Potassium Chloride
6.3. Global Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Bakery And Confectionery
Dairy And Frozen Foods
Meat Products
Sauces
Snacks

7. Sodium Reduction Ingredients Market Regional And Country Analysis

7.1. Global Sodium Reduction Ingredients Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Sodium Reduction Ingredients Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Sodium Reduction Ingredients Market

8.1. Asia-Pacific Sodium Reduction Ingredients Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Sodium Reduction Ingredients Market

9.1. China Sodium Reduction Ingredients Market Overview
9.2. China Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Sodium Reduction Ingredients Market

10.1. India Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Sodium Reduction Ingredients Market

11.1. Japan Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Sodium Reduction Ingredients Market

12.1. Australia Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Sodium Reduction Ingredients Market

13.1. Indonesia Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Sodium Reduction Ingredients Market

14.1. South Korea Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Sodium Reduction Ingredients Market

15.1. Western Europe Sodium Reduction Ingredients Market Overview
15.2. Western Europe Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Sodium Reduction Ingredients Market

16.1. UK Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Sodium Reduction Ingredients Market

17.1. Germany Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Sodium Reduction Ingredients Market

18.1. France Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Sodium Reduction Ingredients Market

19.1. Eastern Europe Sodium Reduction Ingredients Market Overview
19.2. Eastern Europe Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Sodium Reduction Ingredients Market

20.1. Russia Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Sodium Reduction Ingredients Market

21.1. North America Sodium Reduction Ingredients Market Overview
21.2. North America Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Sodium Reduction Ingredients Market

22.1. USA Sodium Reduction Ingredients Market Overview
22.2. USA Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Sodium Reduction Ingredients Market

23.1. South America Sodium Reduction Ingredients Market Overview
23.2. South America Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Sodium Reduction Ingredients Market

24.1. Brazil Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Sodium Reduction Ingredients Market

25.1. Middle East Sodium Reduction Ingredients Market Overview
25.2. Middle East Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Sodium Reduction Ingredients Market

26.1. Africa Sodium Reduction Ingredients Market Overview
26.2. Africa Sodium Reduction Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Sodium Reduction Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Sodium Reduction Ingredients Market Competitive Landscape And Company Profiles

27.1. Sodium Reduction Ingredients Market Competitive Landscape
27.2. Sodium Reduction Ingredients Market Company Profiles
- 27.2.1. Cargill Incorporated
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Angel Yeast Company Limited
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Kerry Group Public Limited Company
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Givaudan Societe Anonyme
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Innophos Holdings Incorporated
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Sodium Reduction Ingredients Market

29. Sodium Reduction Ingredients Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer