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Australia Sodium Reduction Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Australia Sodium Reduction Ingredients Market is segmented by Product Type (Amino Acids & Glutamates, Mineral Salts, Yeast Extracts, and Others), By Application (Bakery & Confectionery, Condiments, Seasonings & Sauces, Dairy & Frozen Foods, Meat & Meat Products, Snacks, Others).

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Australia Sodium Reduction Ingredients Market Size

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Australia Sodium Reduction Ingredients Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.23 %
Market Concentration Low

Major Players

Australia Sodium Reduction Ingredients Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Australia Sodium Reduction Ingredients Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Australia Sodium Reduction Ingredients Market Analysis

Australia Sodium Reduction Ingredients Market is projected to reach a CAGR of 3.23% during the forecast period 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.

Australia Sodium Reduction Ingredients Market Trends

This section covers the major market trends shaping the Australia Sodium Reduction Ingredients Market according to our research experts:

Increasing Consumption of Bakery Products

The consumption of bakery products in Australia is expected to increase, assisted by the growth in country population, development in the retail market, and stable economic growth. Moreover, manufacturers are involved in gregarious research and development in order to introduce new products with innovative flavors & healthy ingredients and growth in the retail market are expected to drive the demand in the near future. Moreover, the growing knowledge with regard to the detrimental effects of excessive intake of salt, improvement in taste, and increased demand for sodium reduction ingredients in bakery products.

australia-sodium-reduction-ingredient-market

Mineral Salts holds the Largest Market Share in the Market Studied

Mineral salts, such as potassium chloride, magnesium sulphate, calcium chloride, and potassium lactate, among others, are widely used as SRIs, owing to their widespread availability and potential to replace normal salt in terms of its functionalities and taste. For example, Potassium chloride (KCL) is the most preferred SRI among mineral salts, due to its similar taste profile like salt (NaCl). Furthermore, food manufacturers use different mineral salts when they are formulating low-sodium or reduced-sodium products. This salt substitute provides a seasoning alternative for manufacturers looking to reduce sodium, while also maintaining flavor by using salts, like potassium chloride, to imitate salt (sodium chloride) in food products, which in turn boosting the market studied.

sodium reduction ingredients market

Australia Sodium Reduction Ingredients Industry Overview

The key players in this market have been involved in the process of developing a range of customized solutions to target the specific needs of the food manufacturers and consumer health. Thus, the sodium reduction ingredients market has been gaining more global presence and acceptance among authorities. Some of the major key players in the sodium reduction ingredients market in Australia include Biospringer, Tate & Lyle Plc, Koninklijke DSM N.V, Sensient Technologies Corp among others.

Australia Sodium Reduction Ingredients Market Leaders

  1. Givaudan SA

  2. Tate & Lyle Plc

  3. Kerry Group Plc

  4. Corbion NV

*Disclaimer: Major Players sorted in no particular order

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Australia Sodium Reduction Ingredients Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Amino Acids & Glutamates

      2. 5.1.2 Mineral Salts

      3. 5.1.3 Yeast Extracts

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Bakery & Confectionery

      2. 5.2.2 Condiments, Seasonings & Sauces

      3. 5.2.3 Dairy & Frozen Foods

      4. 5.2.4 Meat & Seafood Products

      5. 5.2.5 Snacks and Savoury Products

      6. 5.2.6 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Biospringer

      2. 6.3.2 Tate & Lyle Plc

      3. 6.3.3 Koninklijke DSM N.V

      4. 6.3.4 Givaudan SA

      5. 6.3.5 Sensient Technologies Corp

      6. 6.3.6 Kerry Group Plc

      7. 6.3.7 Corbion NV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Australia Sodium Reduction Ingredients Industry Segmentation

Australia Sodium Reduction Ingredients Market is segmented by product type and application. 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.

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
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Australia Sodium Reduction Ingredients Market Research FAQs

The Australia Sodium Reduction Ingredients Market is projected to register a CAGR of 3.23% during the forecast period (2024-2029)

Givaudan SA, Tate & Lyle Plc, Kerry Group Plc and Corbion NV are the major companies operating in the Australia Sodium Reduction Ingredients Market.

The report covers the Australia Sodium Reduction Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Sodium Reduction Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Australia Sodium Reduction Ingredient Industry Report

Statistics for the 2024 Australia Sodium Reduction Ingredient market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Sodium Reduction Ingredient analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Australia Sodium Reduction Ingredient Market Report Snapshots

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Australia Sodium Reduction Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)