Global Salt Substitutes market was valued at US$ 0.78 billion in 2016 and is expected to reach US$ 1.51 billion by 2025, witnessing a CAGR of 7.82% over the forecast period (2017 – 2025), 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.
Mineral salts is the dominant product type segment in the global salt substitutes market. It is gaining importance in food flavors, as it provides taste enhancing and taste-modifying property. Dairy and frozen foods is the largest application segment, which witnessed market share of over 45% in 2016. North America dominated the global salt substitute market, owing to increasing awareness among the consumers regarding the benefits of sodium reduction and strong initiative from the market players in this region in introducing new products to meet the rising demand from food industry. Asia Pacific is expected to be the fastest growing region in salt substitute market backed by rising consumption of salt substitutes in countries such as China, Japan, South Korea and India.
Key features of the study:
This report provides in-depth analysis of salt substitutes market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2015 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 approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading 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 the management authorities of the companies to make informed decision regarding their future product launch, 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 the various strategy matrices used in analyzing the salt substitutes market