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"Global Salt Substitutes Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global salt substitutes market report has been segmented on the basis of product type, application, and region.
Global Salt Substitutes Market: Introduction
Salt substitutes are low sodium substitutes are food ingredients used as a substitute for table salt. These salts are developed to tackle the increasing incidence of chronic diseases such as diabetes and obesity, high blood pressure, and cardiovascular diseases.
Global Salt Substitutes Market: Dynamics
Increasing adoption of salt substitute in dairy, meat, and confectionery application is major factor expected to drive revenue growth of the salt substitutes market over the forecast period. Health issues associated with consumption of food with high sodium content is expected to augment the revenue growth of the global market. The growing incidence of chronic diseases such as diabetes and obesity is expected to boost the demand for food products with low sodium content, which in turn drive revenue growth of the target market over the forecast period. Growing awareness among consumers regarding food ingredients coupled with increasing health concerns is expected to support revenue growth of target market.
Global Salt Substitutes Market: Product Type Analysis
Among the product types, the yeast extracts segment is expected to grow at a moderate rate over the forecast period. Increasing demand for yeast extracts in savory snacks and sauce application is expected to drive revenue growth of this segment over the forecast period.
Global Salt Substitutes Market: Application Analysis
On the basis of application, the dairy & frozen foods segment is expected to account major share in terms of revenue in the global target market. Growing demand for dairy and frozen food products with low sodium content owing to growing health awareness among the consumers in developing and developing and developed economies is a major factor expected to drive revenue growth of this segment over the forecast period.
Global Salt Substitutes Market: Regional Insights
North America market is expected to account major share in terms of revenue in the global target market. Rising adoption of salt substitutes in meat products is a major factor expected to drive revenue growth of target market. Increasing consumption of meat products in the region owing to rising population is expected to support revenue growth of the market in the region. Moreover, growing demand for salt substitutes in the bakery and confectionery application owing to rising health consciousness is another factor expected to support revenue growth of North America salt substitutes market over the forecast period.
North America accounts for the major revenue share of the global salt substitutes market, followed by markets in Europe, Asia Pacific, Middle East & Africa, and Latin America. The salt substitutes market in Europe is expected to grow at a moderate growth rate over the forecast period. Increasing demand for dairy and frozen products in the region is expected to drive revenue growth of salt substitutes market in Europe. Furthermore, rising demand dairy and meat products with low sodium concentration is another factor expected to drive revenue growth of Europe salt substitutes market.
Global Salt Substitutes Market Segmentation:
Segmentation by Product Type:
- Mineral Salts
- Amino Acids
- Yeast Extracts
- Hydrolyzed Vegetable Protein
Segmentation by Application:
- Dairy and Frozen Foods
- Bakery and Confectionery
- Fresh Meat Products
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cargill, Incorporated
- Morton Salt, Inc.
- Nu-Tek Food Science, LLC
- Celtic Sea Salt
- Koninklijke DSM N.V.
- Angel Yeast Co., Ltd.
- Tate & Lyle PLC
- Innophos Holdings Inc.
- B&G Foods, Inc.
- Real Salt
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