Global Salt Substitutes Market was valued at US$ 0.78 billion in 2016 and is expected to reach US$ 1.51 billion by 2025, witnessing a CAGR of 7.82% over the forecast period (2017 – 2025), according to Salt Substitutes Report, by Product Type (Mineral Salts, Amino Acids, Yeast Extracts, Hydrolyzed Vegetable Protein, and Others) and by Application (Dairy and Frozen Foods, Bakery and Confectionery, Sauce, Seasoning and Snacks, Fresh Meat Products, and Others). Major salt substitute products include mineral salts, amino acids, yeast extracts, and hydrolyzed vegetable protein. High consumption of salt is associated with onset of lifestyle diseases such as high level of sodium absorbed by the body results into high blood pressure leading to various health complications such as obesity, hypertension, atherosclerosis, and heart disease.
Request a SAMPLE COPY of this Business Report @ https://www.coherentmarketinsights.com/insight/request-sample/1430
Over the last few decades, North America, Europe, Middle East and the high income economies in Asia Pacific witnessed a staggering rise in lifestyle diseases. Replacing salt by substitutes such as potassium chloride, amino acids, and hydrolyzed vegetable protein will significantly reduce the adverse effects associated with overconsumption of sodium. The World Health Organization (WHO), Food and Agricultural Organization (FAO), and numerous other organizations have advocated for reduction and/or substitution of sodium in food. Market players are currently focusing on new product development and improving product quality of already existing product portfolio. Rapid penetration of food & beverage retail sector especially in emerging economies fuelled by favorable government initiatives is drawing attention of leading market players and is projected to boost growth of salt substitute market over the forecast period.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 238 pages, 110 market data tables* and 80 figures* on “Salt Substitutes Market” – Global forecast to 2025.
Key Trends and Analysis of the Salt Substitutes Market:
- Among product types, the mineral salts segment is projected to witness largest market share throughout the forecast period. High prevalence of chronic cardiac diseases due to increasing salt consumption is augmenting growth of mineral salts such as potassium chloride, magnesium sulfate, potassium lactate and calcium chloride. According to World Health Organization (WHO) recommendation, in 2012, sodium salt intake should be less than 2.0 g/d, which has boosted the demand for mineral salts, which in turn is fueling growth of the market.
- Dairy & frozen foods application segment is expected to hold the largest market share throughout the forecast period. Dairy products include whipped cream, butter, cheese, yogurt, and others where salt is added as a preservative. Frozen foods include processed foods such as pizza, pasta, cut frozen vegetables, and others. High sodium content in processed frozen foods, breakfast, appetizers, and snacks is the major concern among consumers, as it is mainly added as preservative, which in turn is propelling demand for salt substitutes.
Key Takeaways of the Market:
- According to Coherent Market Insights, North America dominated the global salt substitute market, owing to high awareness among the consumers regarding the benefits of sodium reduction and strong initiative from the market players in this region in introducing new products to meet the rising demand from food industry.
- The growth in the Europe salt substitute market is majorly driven by increasing initiatives by the regulating bodies across the region to limit salt intake among the populace. For instance, Koninklijke DSM N.V., in 2016, launched ModuMax, a natural taste modulator, which is allergen-free, clean label and it can be used in a wide variety of applications from savory soups and sauces to sweet beverages and desserts.
Key players operating in the global salt substitute market include Cargill Inc., Nu-Tek Food Sciences LLC, Koninklijke DSM N.V., Montana Industrie Holding A.G., Angel Yeast Co. Ltd., Tate & Lyle Plc, and Innophos Holding Inc.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Company Name: Coherent Market Insights
Contact Person: Mr. Shah
Email: Send Email
Address:1001 4th Ave, #3200
Country: United States