Salt Substitutes Market, By Product Type (Mineral Salts, Amino Acids, Yeast Extracts, Hydrolyzed Vegetable Protein, and Others), By Application (Dairy and Frozen Foods, Bakery and Confectionery, Sauce, Seasoning and Snacks, Fresh Meat Products, and Others

Salt Substitutes Market, By Product Type (Mineral Salts, Amino Acids, Yeast Extracts, Hydrolyzed Vegetable Protein, and Others), By Application (Dairy and Frozen Foods, Bakery and Confectionery, Sauce, Seasoning and Snacks, Fresh Meat Products, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Salt substitutes are low sodium substitutes that have been developed to tackle the increasing risk of cardiovascular diseases and high blood pressure. Increasing health awareness regarding disorders resulting from high consumption of sodium chloride is driving demand for these products. The trend of low sodium diet is gaining significant traction, owing to which consumption of these products is expected to increase rapidly over the forecast period.

Market Dynamics

Increasing processed food consumption has increased the demand for salt substitutes in savory snacks. Manufacturers are using salt substitutes instead of salt and marketing these ingredients for better market positioning. Most manufacturers are adopting yeast extract and hydrolyzed vegetable protein in various processed food items.

As the body needs sodium to function properly, it is important to avoid excessive amounts, as consumption of excess sodium is associated with high blood pressure. According to the U.S. Food and Drug Administration (FDA) in 2020, the average American consumes roughly 3,400 milligram (mg) of sodium daily, nearly 50% higher than the recommended minimum of 2,300 mg. High salt consumption leads the body to retain fluid, making it more difficult for the heart to pump blood throughout the body, resulting in high blood pressure, which can lead to heart disease, strokes, and even kidney damage.

As a result, there has been a significant increase in the demand for salt substitutes to prevent health risks. According to the American Heart Association in 2021, lowering Americans' intake to the recommended level might avoid 450,000 cases in U.S. of cardiovascular disease and save US$ 40 billion in healthcare costs over the next 20 years. In turn, salt substitute market growth in the forecast period is expected to be driven by the health benefits of salt substitutes and increased awareness among target consumers.

Key features of the stdy:

• This report provides in-depth analysis of global salt substitutes market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global salt substitutes market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study are Cargill Inc., Nu-Tek Food Sciences LLC, Koninklijke DSM NV, Montana Indusrie Holding AG, Angel Yeast Co. Ltd., Tate & Lyle PLC, and Innophos Holding Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global salt substitutes market report caters to various stakeholders in this industry including investors, suppliers, salt substitutes manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global salt substitutes market

Detailed Segmentation:

• Global Salt Substitutes Market, By Product
• Mineral Salts
• Amino Acids
• Yeast Extracts
• Hydrolyzed Vegetable Protein
• Others
• Global Salt Substitutes Market, By Application:
• Dairy and Frozen Foods
• Bakery and Confectionery
• Sauce, Seasoning and Snacks
• Fresh Meat Products
• Others
• Global Salt Substitutes Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Spain
• Russia
• Rest of Europe
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Asia Pacific
• China
• India
• Japan
• ASEAN
• South Korea
• Australia
• Rest of Asia Pacific
• Middle East & Africa
• Middle East
• Africa
• Company Profile
• Cargill Inc. *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Nu-Tek Food Science LLC
• Koninklijke DSM N.V.
• Montana Industrie Holding A.G.
• Angel Yeast Co. Ltd.
• Tate and Lyle Plc
• Innophos Holdings Inc

“*” marked represents similar segmentation in other categories in the respective section