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Global 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 Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: GE39A4DF9CDDEN
Bizwit Research & Consulting LLP

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Global Salt Substitute Market is valued at approximately USD 1172.2 million in 2023 and is anticipated to grow with a healthy growth rate of more than 5.67% over the forecast period 2024-2032. A salt substitute is designed to replace regular table salt (sodium chloride) to reduce sodium intake, a measure often advised for those with hypertension or cardiovascular disease. Typically, these substitutes contain potassium chloride as the primary ingredient, providing a salty flavor without the high sodium content. They also include other minerals or flavor enhancers to replicate the taste of regular salt more closely. By significantly lowering sodium levels, salt substitutes aid in managing blood pressure and reducing the risk of heart disease. Potassium chloride, an essential mineral, is the most common component and helps counterbalance the effects of sodium on blood pressure. The rising health awareness Is a key trend supporting the growth of the Global Salt Substitute Market. There is a growing consciousness about the health risks associated with high sodium intake, such as hypertension and cardiovascular diseases. This has increased demand for salt substitutes as consumers are inclined towards healthier alternatives.

The rising consumption of processed foods has heightened the demand for salt substitutes in savory snacks, with manufacturers increasingly opting for salt substitutes over traditional salt to enhance market positioning. Many manufacturers are incorporating ingredients such as yeast extract and hydrolyzed vegetable protein in various processed food items. While sodium is essential for bodily functions, excessive intake is related to high blood pressure. According to the US Food and Drug Administration (FDA), the average American consumes approximately 3,400 milligrams of sodium daily, nearly 50% more than the recommended maximum of 2,300 mg. High sodium consumption causes fluid retention, complicating the heart's ability to pump blood and leading to high blood pressure, which results in heart disease, strokes, and kidney damage. Consequently, the demand for salt substitutes has surged to mitigate these health risks. The American Heart Association states that reducing sodium intake to recommended levels could prevent 450,000 cases of cardiovascular disease and save USD 40 billion in healthcare costs over the next 20 years. Thus, the health benefits of salt substitutes and increased consumer awareness are expected to drive market growth at a substantial rate. However, competition from alternative products and health concerns related to potassium is expected to stifle market growth during the forecast period 2024-2032.

The key regions considered for the global Salt Substitute Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In 2023, Asia Pacific was the largest regional market in terms of revenue and is also expected to develop at the fastest rate over the forecast period. The incidence of lifestyle-related diseases such as obesity, hypertension, and diabetes is rising in the Asia-Pacific region, which has led to a greater demand for low-sodium food products and salt substitutes as part of disease prevention and management strategies. Additionally, the food industry is focused on innovation, developing new salt substitute formulations and incorporating them into various processed foods to meet consumer demand. Furthermore, global health and wellness trends are influencing consumer behavior in the region, contributing to the growing acceptance and use of salt substitutes. Whereas, the market in Asia Pacific is also expected to develop at the fastest rate over the forecast period.

Major market players included in this report are:
Cargill Inc.
Koninklijke DSM N.V.
Alsiano A/S
Givaudan SA
Ajinomoto Co.
Corbion NV
Tate & Lyle PLC
Jungbunzlauer Suisse AG
Kerry Group PLC
Smart Salt Inc.

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:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

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 regional 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.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. GLOBAL 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. Global 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. GLOBAL SALT SUBSTITUTE MARKET DYNAMICS

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

CHAPTER 4. GLOBAL 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. GLOBAL 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. GLOBAL 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. GLOBAL SALT SUBSTITUTE MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Salt Substitute Market
  7.1.1. U.S. Salt Substitute Market
    7.1.1.1. Type breakdown size & forecasts, 2022-2032
    7.1.1.2. Application breakdown size & forecasts, 2022-2032
  7.1.2. Canada Salt Substitute Market
7.2. Europe Salt Substitute Market
  7.2.1. U.K. Salt Substitute Market
  7.2.2. Germany Salt Substitute Market
  7.2.3. France Salt Substitute Market
  7.2.4. Spain Salt Substitute Market
  7.2.5. Italy Salt Substitute Market
  7.2.6. Rest of Europe Salt Substitute Market
7.3. Asia-Pacific Salt Substitute Market
  7.3.1. China Salt Substitute Market
  7.3.2. India Salt Substitute Market
  7.3.3. Japan Salt Substitute Market
  7.3.4. Australia Salt Substitute Market
  7.3.5. South Korea Salt Substitute Market
  7.3.6. Rest of Asia Pacific Salt Substitute Market
7.4. Latin America Salt Substitute Market
  7.4.1. Brazil Salt Substitute Market
  7.4.2. Mexico Salt Substitute Market
  7.4.3. Rest of Latin America Salt Substitute Market
7.5. Middle East & Africa Salt Substitute Market
  7.5.1. Saudi Arabia Salt Substitute Market
  7.5.2. South Africa Salt Substitute Market
  7.5.3. Rest of Middle East & Africa 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. Cargill 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. Koninklijke DSM N.V.
  8.3.3. Alsiano A/S
  8.3.4. Givaudan SA
  8.3.5. Ajinomoto Co.
  8.3.6. Corbion NV
  8.3.7. Tate & Lyle PLC
  8.3.8. Jungbunzlauer Suisse AG
  8.3.9. Kerry Group PLC
  8.3.10. Smart Salt Inc.

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. Global Salt Substitute Market, report scope
TABLE 2. Global Salt Substitute Market estimates & forecasts by Region 2022-2032 (USD Million)
TABLE 3. Global Salt Substitute Market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 4. Global Salt Substitute Market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 5. Global Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. Global Salt Substitute Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Global Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. Global Salt Substitute Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Global Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. Global Salt Substitute Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Global Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. Global Salt Substitute Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Global Salt Substitute Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. Global Salt Substitute Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. U.S. Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 16. U.S. Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 17. U.S. Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 18. Canada Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 19. Canada Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 20. Canada Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 21. UK Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 22. UK Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 23. UK Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 24. Germany Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 25. Germany Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 26. Germany Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 27. France Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 28. France Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 29. France Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 30. Italy Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 31. Italy Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 32. Italy Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 33. Spain Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 34. Spain Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 35. Spain Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 36. RoE Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 37. RoE Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 38. RoE Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 39. China Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 40. China Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 41. China Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 42. India Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 43. India Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 44. India Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 45. Japan Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 46. Japan Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 47. Japan Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 48. Australia Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 49. Australia Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 50. Australia Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 51. South Korea Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 52. South Korea Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 53. South Korea Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 54.
TABLE 55. RoAPAC Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 56. RoAPAC Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 57. RoAPAC Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 58. Brazil Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 59. Brazil Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 60. Brazil Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 61. Mexico Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 62. Mexico Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 63. Mexico Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 64. RoLA Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 65. RoLA Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 66. RoLA Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 67. Saudi Arabia Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 68. Saudi Arabia Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 69. Saudi Arabia Salt Substitute Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 70. South Africa Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 71.
TABLE 72. South Africa Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 73. South Africa Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 74. RoMEA Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 75. RoMEA Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 76. RoMEA Salt Substitute Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 77. List of secondary sources, used in the study of Global Salt Substitute Market.
TABLE 78. List of primary sources, used in the study of Global Salt Substitute Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Salt Substitute Market, research methodology
FIG 2. Global Salt Substitute Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Salt Substitute Market, key trends 2023
FIG 5. Global Salt Substitute Market, growth prospects 2022-2032
FIG 6. Global Salt Substitute Market, porters 5 force model
FIG 7. Global Salt Substitute Market, pestel analysis
FIG 8. Global Salt Substitute Market, value chain analysis
FIG 9. Global Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 10. Global Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 11. Global Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 12. Global Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 13. Global Salt Substitute Market by segment, 2022 & 2032 (USD Million)
FIG 14. Global Salt Substitute Market, regional snapshot 2022 & 2032
FIG 15. North America Salt Substitute Market 2022 & 2032 (USD Million)
FIG 16. Europe Salt Substitute Market 2022 & 2032 (USD Million)
FIG 17. Asia pacific Salt Substitute Market 2022 & 2032 (USD Million)
FIG 18. Latin America Salt Substitute Market 2022 & 2032 (USD Million)
FIG 19. Middle East & Africa Salt Substitute Market 2022 & 2032 (USD Million)
FIG 20. Global Salt Substitute Market, company market share analysis (2023)


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