Salt Substitutes: Global Market Drivers, Trends, Opprtunities and Challenges to 2023 - McCormick, Cargill and K+S Kali are Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 26, 2018--The “Global Salt Substitutes Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global salt substitutes market is expected to register a CAGR of 6.4% during the forecast period, 2018 to 2023.
Increasing work pressure has led to serious health concerns, driving the market for salt substitutes. Yeast extract and hydrolyzed vegetable protein are being clearly adopted by most of the manufacturers in various processed food sectors. Increasing processed food consumption has led to higher demand for salt substitutes in savory snacks. Manufacturers are using salt substitutes instead of salt and marketing these ingredients for better market positioning.
The global salt substitutes market is gaining momentum, globally. Nonetheless, the market exhibits the strong presence of key players such as McCormick, Cargill and K+S Kali GmbH (Morton).
These key players have intensely embarked on industry consolidation by leveraging their distribution network, entering into partnerships with local distributors especially in the emerging economies and developing new products with customization for different end-user industries.
Acquisitions and mergers play a crucial role in the industry consolidation. Companies such as McCormick adopt strategic acquisition by considering the geographical demands, tastes & preferences, and by expanding their base businesses.
Key HighlightsHealth Issues Associated With High Dietary Sodium Intake to Drive Salt Substitute Market Salt Substitutes are Being Increasingly Used in Savory Snacks Potassium Salts are Fast-replacing Sodium Salts
Major Developments in the MarketVillager Goods Alkaline Water is a premium beverage offering. The enhanced water is engineered to increase the alkalinity of pure water to a 9.5 pH. Cargill, in January 2018, started to produce a salt-alternative for food manufacturers wanting to cut back the sodium levels in their soups, breads and other processed goods.
Key Topics Covered
2. Salt Substitute Market Insights
3. Salt Substitute Market Dynamics
4. Salt Substitute Market Segmentation and Analysis
5. Salt Substitute Regional Segmentation and Analysis
6. Salt Substitute Market Competitive Landscape
7. Salt Substitute Market Company ProfilesAjinomoto Alsiano Angel Yeast Co. Ltd. Cargill Inc. Givaudan SA K+S Kali GMBH Kerry Group McCormick NuTek Nutrionix Smart Salt Inc.
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Related Topics:Health Food and Sports Nutrition
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: Research and Markets
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PUB: 09/26/2018 05:23 AM/DISC: 09/26/2018 05:23 AM