Market Size of India Sodium Reduction Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.30 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
India Sodium Reduction Ingredients Market Analysis
The Indian sodium reduction ingredients market is expected to register a CAGR of 5.3% over the forecast period, 2020 to 2025.
- Excessive intake of sodium leads to a number of adverse health effects, hypertension being the 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 the applications has provided the requisite impetus to these health-promoting products.
- Some of the major factors driving the demand for SRI include a greater emphasis on health and nutrition, growing knowledge about the detrimental effects of excessive salt intake, improvement in taste, and an increased demand for processed foods.
India Sodium Reduction Ingredients Industry Segmentation
The Indian sodium reduction ingredients market is segmented by product type and application. Based on product type, the market is segmented into amino acids and glutamates, mineral salts, yeast extracts, and other product types. Mineral salts are further sub-segmented into potassium chloride, magnesium sulphate, potassium lactate, and calcium chloride. Based on application, the market is segmented into bakery and confectionery, condiments, seasonings, and sauces, dairy and frozen foods, meat and meat products, snacks, other applications.
By Product Type | |
Amino Acids and Glutamates | |
Mineral Salts | |
Yeast Extracts | |
Other Product Types |
By Application | |
Bakery and Confectionery | |
Condiments, Seasonings, and Sauces | |
Dairy and Frozen Foods | |
Meat and Meat Products | |
Snacks | |
Other Applications |
India Sodium Reduction Ingredients Market Size Summary
The Indian sodium reduction ingredients market is experiencing a notable expansion, driven by increasing health consciousness and awareness about the adverse effects of excessive sodium intake, such as hypertension. The market is characterized by the use of various sodium reduction ingredients, including mineral salts, amino acids, and yeast extracts, which are gaining traction due to their versatility and health benefits. The demand for these ingredients is further propelled by the growing emphasis on health and nutrition, improved taste profiles, and the rising consumption of processed foods. Despite public awareness campaigns, the high average salt consumption in India, largely due to the preference for spicy foods and traditional preservation methods, continues to be a challenge. However, urbanization and the influence of social media have facilitated the adoption of mineral salts, aligning with global trends.
The bakery and confectionery sector is a significant contributor to the sodium reduction ingredients market, driven by the demand for high-nutrient and affordable products. The industry's growth is supported by population increases, foreign influences, and changing eating habits, leading to a fortification trend in bakery products to meet the needs of health-conscious consumers. The market is consolidated, with key players like ADM, Tate & Lyle, Bunge, Cargill, and Givaudan holding substantial market shares. These companies are actively pursuing strategies such as expansions and mergers and acquisitions with domestic food processing firms to enhance the penetration of sodium reduction ingredients across various food products, thereby catering to the evolving consumer preferences in India.
India Sodium Reduction Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Amino Acids and Glutamates
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2.1.2 Mineral Salts
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2.1.3 Yeast Extracts
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2.1.4 Other Product Types
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2.2 By Application
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2.2.1 Bakery and Confectionery
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2.2.2 Condiments, Seasonings, and Sauces
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2.2.3 Dairy and Frozen Foods
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2.2.4 Meat and Meat Products
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2.2.5 Snacks
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2.2.6 Other Applications
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India Sodium Reduction Ingredients Market Size FAQs
What is the current India Sodium Reduction Ingredients Market size?
The India Sodium Reduction Ingredients Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in India Sodium Reduction Ingredients Market?
Cargill Incorporated, Tate & Lyle, Archer Daniels Midland Company and Bunge Limited are the major companies operating in the India Sodium Reduction Ingredients Market.