The Global Salt Substitutes Market Growth Accelerated By Increasing Health Awareness
Salt substitutes are potash-based food ingredients used as an alternative to sodium chloride or table salt to reduce the sodium content in the diet. Salt substitutes provide the salty taste without the negative health effects associated with excess sodium intake. These substitutes are widely used in food processing applications to enhance and retain the flavor in various processed and packaged food products with low-sodium content such as soups, sauces, snacks, and seasonings.
The global Salt Substitutes
Market is estimated to be valued at US$
1.41 Mn in 2024 and is expected to
exhibit a CAGR of 7.7% over the forecast period 2024-2031, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing health awareness among consumers regarding the various ill-effects
of excessive sodium intake like high blood pressure, heart diseases, and stroke
has been a major factor driving the growth of salt substitutes market. As per
few studies, excess sodium intake is directly linked to increased
cardiovascular diseases risk. Thus, consumers are switching to low sodium food
products and ingredients like salt substitutes. The rising demand for
low-sodium food products from health-conscious consumers coupled with changing
lifestyle habits and growing incidences of chronic diseases due to unhealthy
diets are some of the key factors accelerating the adoption of salt substitutes
across various food applications. Various government initiatives and campaigns
to limit salt consumption have further boosted market growth over the forecast
period.
Segment Analysis
The global salt substitutes market is fragmented in nature with the potassium
chloride sub segment dominating currently. Potassium chloride accounted for
nearly half of the overall salt substitutes market in 2019 as it provides
similar taste and properties as sodium chloride but with lower sodium content.
As consumer demand for low sodium products continue to rise due to increasing
health consciousness, the potassium chloride sub segment is expected to retain
its leading position during the forecast period.
Key Takeaways
The global Salt
Substitutes market Growth is
expected to witness high growth. The global Salt Substitutes Market is
estimated to be valued at US$ 1.41 Mn in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024-2031.
The market in North America
currently accounts for the largest share of around 35% of the global salt
substitutes market in 2019. Rising health awareness regarding sodium intake and
growing demand for low sodium foods have driven market growth in the region.
The Asia Pacific region is expected to register the fastest growth during the
forecast period owing to rising disposable incomes, growing health awareness
regarding sodium intake, and a large consumer base in countries such as India
and China.
Key players operating in the
salt substitutes market are Keysight Technologies Inc., Rohde & Schwarz
GmbH & Co. KG, Agilent Technologies, Inc.,Anritsu Corporation, TDK-Lambda
Corporation, Advanced Energy Industries, Inc., Tektronix, Inc., Amplifier
Research (AR),Thales Group, Teradyne, Inc., National Instruments Corporation,
AMETEK, Inc., Boonton Electronics (Wireless Telecom Group), Electronics &
Innovation, Ltd., NoiseXT.
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