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), according to Salt Substitutes Report, by Product Type (Mineral Salts, Amino Acids, Yeast Extracts, Hydrolyzed Vegetable Protein, and Others) and by Application (Dairy and Frozen Foods, Bakery and Confectionery, Sauce, Seasoning and Snacks, Fresh Meat Products, and Others).
Major salt substitute products include mineral salts, amino acids, yeast extracts, and hydrolyzed vegetable protein. High consumption of salt is associated with onset of lifestyle diseases such as high level of sodium absorbed by the body results into high blood pressure leading to various health complications such as obesity, hypertension, atherosclerosis, and heart disease. Over the last few decades, North America, Europe, Middle East and the high income economies in Asia Pacific witnessed a staggering rise in lifestyle diseases. Replacing salt by substitutes such as potassium chloride, amino acids, and hydrolyzed vegetable protein will significantly reduce the adverse effects associated with overconsumption of sodium. The World Health Organization (WHO), Food and Agricultural Organization (FAO), and numerous other organizations have advocated for reduction and/or substitution of sodium in food. Market players are currently focusing on new product development and improving product quality of already existing product portfolio. Rapid penetration of food & beverage retail sector especially in emerging economies fuelled by favorable government initiatives is drawing attention of leading market players and is projected to boost growth of salt substitute market over the forecast period.
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Key players operating in the global salt substitute market include Cargill Inc., Nu-Tek Food Sciences LLC, Koninklijke DSM N.V., Montana Industrie Holding A.G., Angel Yeast Co. Ltd., Tate & Lyle Plc, and Innophos Holding Inc.