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Asia Pacific Salt Substitute Market Size study, by Type (Mineral Salts, Amino Acids, Yeast Extracts, Hydrolyzed Vegetable Protein, Other Types), by Application (Bakery and Confectionery, Snacks, Meat and Poultry, Beverages, Soups, Salads, Sauces, and Dressings, Other Applications) and Country Forecasts 2022-2032

July 2024 | 200 pages | ID: ABBA3996BB2DEN
Bizwit Research & Consulting LLP

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Asia Pacific Salt Substitute Market is valued at approximately USD 492.32 million in 2023 and is anticipated to grow with a healthy growth rate of more than 6.48% over the forecast period 2024-2032. A salt substitute is a product crafted to replace regular table salt (sodium chloride) with the primary aim of reducing sodium intake, a measure often recommended for individuals with hypertension or cardiovascular disease. These substitutes typically use potassium chloride as the main ingredient, offering a salty flavor without the high sodium content. Additionally, they include other minerals or flavor enhancers to better mimic the taste of regular salt. By significantly lowering sodium levels, salt substitutes help in managing blood pressure and reducing the risk of heart disease. Potassium chloride, an essential mineral, is the most common component and can counterbalance sodium's effects on blood pressure. The growing urbanization and lifestyle changes is a key trend that are supporting the growth of the Asia Pacific Salt Substitute Market. The fast-paced urbanization and evolving lifestyles in numerous Asia-Pacific nations are fostering increased consumption of processed and convenient foods, known for their elevated sodium content. Consequently, there is a rising demand for salt substitutes as consumers prioritize healthier dietary choices.

The food industry in the Asia-Pacific region is increasingly focused on product innovation to meet consumer demands for healthier options. This includes the development of new salt substitute formulations and the incorporation of these substitutes into a variety of processed foods. Also, the rising incidence of lifestyle-related diseases such as obesity, hypertension, and diabetes are acting as a catalyzing factor for the demand for salt substitutes. This surge in health issues has increased the demand for low-sodium food products and salt substitutes as part of disease prevention and management strategies. The food industry in the region is also focusing on innovation, developing new salt substitute formulations and incorporating them into various processed foods to meet growing consumer demand. Additionally, global health and wellness trends are shaping consumer behavior, leading to greater acceptance and use of salt substitutes.
Moreover, health organizations, NGOs, and government bodies are conducting educational campaigns to raise awareness about the dangers of excessive sodium intake and the benefits of salt substitutes. These efforts are helping to drive consumer acceptance and demand. Furthermore, the Asia Pacific market is at the fastest rate owing to the rapid economic growth and rising disposable incomes in countries such as China, India, and Southeast Asian nations, which enable consumers to spend more on health-oriented and premium food products. However, health concerns related to potassium and competition from alternative products are expected to stifle market growth during the forecast period 2024-2032.

The key Countries considered for the Asia Pacific Salt Substitute Market study include China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market in terms of revenue owing to the growing preference among Chinese consumers for natural and clean-label products, economic growth, and rising disposable incomes. In addition, increasing awareness about the health risks associated with high sodium intake, such as hypertension, cardiovascular diseases, and strokes, is prompting Chinese consumers to seek healthier alternatives, including salt substitutes. Moreover, the Chinese government is actively promoting public health initiatives to reduce sodium consumption. This includes campaigns to educate the public about the dangers of excessive salt intake and regulations to encourage the food industry to lower sodium levels in their products. Whereas, the market in India is expected to develop at the fastest rate over the forecast period.

Major market players included in this report are:
Ajinomoto Co., Inc.
Angel Yeast Co. Ltd
Company 3
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Type
Mineral Salts
Amino Acids
Yeast Extracts
Hydrolyzed Vegetable Protein
Other Types

By Application
Bakery and Confectionery
Snacks
Meat and Poultry
Beverages
Soups, Salads, Sauces, and Dressings
Other Applications
By Region:
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market
CHAPTER 1. ASIA PACIFIC SALT SUBSTITUTE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Asia Pacific Salt Substitute Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Type
  2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. ASIA PACIFIC SALT SUBSTITUTE MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. ASIA PACIFIC SALT SUBSTITUTE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. ASIA PACIFIC SALT SUBSTITUTE MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Mineral Salts
5.2. Amino Acids
5.3. Yeast Extracts
5.4. Hydrolyzed Vegetable Protein
5.5. Other Types

CHAPTER 6. ASIA PACIFIC SALT SUBSTITUTE MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Bakery and Confectionery
6.2. Snacks
6.3. Meat and Poultry
6.4. Beverages
6.5. Soups, Salads, Sauces, and Dressings
6.6. Other Applications

CHAPTER 7. ASIA PACIFIC SALT SUBSTITUTE MARKET SIZE & FORECASTS BY COUNTRY 2022-2032

7.1. China Salt Substitute Market
  7.1.1. Type breakdown size & forecasts, 2022-2032
  7.1.2. Application breakdown size & forecasts, 2022-2032
7.2. India Salt Substitute Market
7.3. Japan Salt Substitute Market
7.4. Australia Salt Substitute Market
7.5. South Korea Salt Substitute Market
7.6. Rest of Asia Pacific Salt Substitute Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Ajinomoto Co., Inc.
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Angel Yeast Co. Ltd
  8.3.3. Company
  8.3.4. Company
  8.3.5. Company
  8.3.6. Company
  8.3.7. Company
  8.3.8. Company
  8.3.9. Company
  8.3.10. Company

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Asia Pacific Salt Substitute Market, report scope
TABLE 2. Asia Pacific Salt Substitute Market estimates & forecasts by Country 2022-2032 (USD Million)
TABLE 3. Asia Pacific Salt Substitute Market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 4. Asia Pacific Salt Substitute Market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 5. Asia Pacific Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. Asia Pacific Salt Substitute Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Asia Pacific Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. Asia Pacific Salt Substitute Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Asia Pacific Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. Asia Pacific Salt Substitute Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Asia Pacific Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. Asia Pacific Salt Substitute Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Asia Pacific Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. Asia Pacific Salt Substitute Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. China Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 16. China Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 17. China Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 18. India Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 19. India Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 20. India Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 21. Japan Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 22. Japan Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 23. Japan Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 24. Australia Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 25. Australia Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 26. Australia Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 27. South Korea Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 28. South Korea Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 29. South Korea Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 30.
TABLE 31. RoAPAC Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 32. RoAPAC Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 33. RoAPAC Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 34. List of secondary sources, used in the study of Asia Pacific Salt Substitute Market.
TABLE 35. List of primary sources, used in the study of Asia Pacific Salt Substitute Market.
TABLE 36. Years considered for the study.
TABLE 37. Exchange rates considered

LIST OF FIGURES

FIG 1. Asia Pacific Salt Substitute Market, research methodology
FIG 2. Asia Pacific Salt Substitute Market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Salt Substitute Market, key trends 2023
FIG 5. Asia Pacific Salt Substitute Market, growth prospects 2022-2032
FIG 6. Asia Pacific Salt Substitute Market, porters 5 force model
FIG 7. Asia Pacific Salt Substitute Market, pestel analysis
FIG 8. Asia Pacific Salt Substitute Market, value chain analysis
FIG 9. Asia Pacific Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 10. Asia Pacific Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 11. Asia Pacific Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 12. Asia Pacific Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 13. Asia Pacific Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 14. Asia Pacific Salt Substitute Market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Salt Substitute Market 2022 & 2032 (USD Million)
FIG 16. Asia Pacific Salt Substitute Market, company market share analysis (2023)


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