Market Size of Asia-Pacific Sodium Reduction Ingredient Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.28 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Sodium Reduction Ingredient Market Analysis
Asia-Pacific Sodium Reduction Ingredient Market is projected to register a CAGR of 7.28%, during the forecast period of 2020-2025.
- Excessive intake of sodium leads to a number of adverse health effects, hypertension being foremost among them. Alleviating these conditions to some extent has been possible through the use of SRI, such as mineral salts, amino acids, and yeast extracts. Versatility in its application has provided the requisite impetus to these health-promoting products.
- Some of the major factors driving demand for SRI include the greater emphasis on health nutrition, the growing awareness with regard to the detrimental effects of excessive intake of salt, improvement in taste and increased demand for processed foods.
APAC Sodium Reduction Ingredient Industry Segmentation
Asia-Pacific sodium reduction ingredients market is segmented by product type, application, and geography. On the basis of product type, the market is segmented into amino acids & glutamates, mineral salts, yeast extracts, and others. On the basis of application, the market is segmented into bakery & confectionery, condiments, seasonings & sauces, dairy & frozen foods, meat & meat products, snacks, others. Based on geography, the report provide a regional analysis, which includes China, Japan, India, Australia, and rest of Asia-Pacific.
By Product Type | |
Amino Acids & Glutamates | |
Mineral Salts | |
Yeast Extracts | |
Others |
By Application | |
Bakery & Confectionery | |
Condiments, Seasonings & Sauces | |
Dairy & Frozen Foods | |
Meat & Seafood Products | |
Snacks and Savoury Products | |
Others |
By Geography | |
China | |
Japan | |
India | |
Australia | |
Rest of Asia-Pacific |
Asia-Pacific Sodium Reduction Ingredient Market Size Summary
The Asia-Pacific sodium reduction ingredient market is experiencing significant growth, driven by increasing health consciousness and awareness of the adverse effects of excessive sodium intake, such as hypertension. Sodium reduction ingredients (SRI) like mineral salts, amino acids, and yeast extracts are gaining traction due to their versatility and health benefits. The rising demand for these ingredients is further fueled by the growing emphasis on health nutrition, improved taste, and the increasing consumption of processed foods. The bakery sector, in particular, is expected to see a surge in demand for SRIs, supported by population growth in countries like India and China, advancements in the retail market, and stable economic conditions.
Manufacturers are actively engaging in research and development to introduce innovative products with healthier ingredients, which is expected to further propel market growth. Mineral salts such as potassium chloride, magnesium sulfate, and calcium chloride are widely used as SRIs due to their ability to mimic the taste and functionality of regular salt, making them a preferred choice for food manufacturers aiming to reduce sodium content without compromising flavor. Key players in the market, including Biospringer, Tate & Lyle Plc, DSM, and Sensient Technologies Corp, are focusing on developing customized solutions to meet the specific needs of food manufacturers and consumers, thereby enhancing the global presence and acceptance of sodium reduction ingredients in the Asia-Pacific region.
Asia-Pacific Sodium Reduction Ingredient Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Amino Acids & Glutamates
-
2.1.2 Mineral Salts
-
2.1.3 Yeast Extracts
-
2.1.4 Others
-
-
2.2 By Application
-
2.2.1 Bakery & Confectionery
-
2.2.2 Condiments, Seasonings & Sauces
-
2.2.3 Dairy & Frozen Foods
-
2.2.4 Meat & Seafood Products
-
2.2.5 Snacks and Savoury Products
-
2.2.6 Others
-
-
2.3 By Geography
-
2.3.1 China
-
2.3.2 Japan
-
2.3.3 India
-
2.3.4 Australia
-
2.3.5 Rest of Asia-Pacific
-
-
Asia-Pacific Sodium Reduction Ingredient Market Size FAQs
What is the current Asia-Pacific Sodium Reduction Ingredient Market size?
The Asia-Pacific Sodium Reduction Ingredient Market is projected to register a CAGR of 7.28% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Sodium Reduction Ingredient Market?
Givaudan SA, Tate & Lyle Plc, Kerry Group Plc and Corbion are the major companies operating in the Asia-Pacific Sodium Reduction Ingredient Market.