Australia Sodium Reduction Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Australia Sodium Reduction Ingredients Market is segmented by Product Type (Amino Acids & Glutamates, Mineral Salts, Yeast Extracts, and Others), By Application (Bakery & Confectionery, Condiments, Seasonings & Sauces, Dairy & Frozen Foods, Meat & Meat Products, Snacks, Others).

Market Snapshot

Australia Sodium Reduction Ingredients Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 3.23 %

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Market Overview

Australia Sodium Reduction Ingredients Market is projected to reach a CAGR of 3.23% during the forecast period 2020 - 2025.

  • Excessive intake of sodium leads to a number of adverse health effects, hypertension being foremost among them. Alleviating these conditions to some extent has been possible through the use of SRI, such as mineral salts, amino acids, and yeast extracts. Versatility in its application has provided the requisite impetus to these health-promoting products.
  • Some of the major factors driving demand for SRI include the greater emphasis on health nutrition, the growing awareness with regard to the detrimental effects of excessive intake of salt, improvement in taste, and increased demand for processed foods.

Scope of the report

Australia Sodium Reduction Ingredients Market is segmented by product type and application. On the basis of product type, the market is segmented into Amino Acids & Glutamates, Mineral Salts, Yeast Extracts, and Others. On the basis of application, the market is segmented into Bakery & Confectionery, Condiments, Seasonings & Sauces, Dairy & Frozen Foods, Meat & Meat Products, Snacks, Others.

By Product Type
Amino Acids & Glutamates
Mineral Salts
Yeast Extracts
Others
By Application
Bakery & Confectionery
Condiments, Seasonings & Sauces
Dairy & Frozen Foods
Meat & Seafood Products
Snacks and Savoury Products
Others

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Key Market Trends

Increasing Consumption of Bakery Products

The consumption of bakery products in Australia is expected to increase, assisted by the growth in country population, development in the retail market, and stable economic growth. Moreover, manufacturers are involved in gregarious research and development in order to introduce new products with innovative flavors & healthy ingredients and growth in the retail market are expected to drive the demand in the near future. Moreover, the growing knowledge with regard to the detrimental effects of excessive intake of salt, improvement in taste, and increased demand for sodium reduction ingredients in bakery products.

australia-sodium-reduction-ingredient-market

Mineral Salts holds the Largest Market Share in the Market Studied

Mineral salts, such as potassium chloride, magnesium sulphate, calcium chloride, and potassium lactate, among others, are widely used as SRIs, owing to their widespread availability and potential to replace normal salt in terms of its functionalities and taste. For example, Potassium chloride (KCL) is the most preferred SRI among mineral salts, due to its similar taste profile like salt (NaCl). Furthermore, food manufacturers use different mineral salts when they are formulating low-sodium or reduced-sodium products. This salt substitute provides a seasoning alternative for manufacturers looking to reduce sodium, while also maintaining flavor by using salts, like potassium chloride, to imitate salt (sodium chloride) in food products, which in turn boosting the market studied.

sodium reduction ingredients market

Competitive Landscape

The key players in this market have been involved in the process of developing a range of customized solutions to target the specific needs of the food manufacturers and consumer health. Thus, the sodium reduction ingredients market has been gaining more global presence and acceptance among authorities. Some of the major key players in the sodium reduction ingredients market in Australia include Biospringer, Tate & Lyle Plc, Koninklijke DSM N.V, Sensient Technologies Corp among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Amino Acids & Glutamates

      2. 5.1.2 Mineral Salts

      3. 5.1.3 Yeast Extracts

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Bakery & Confectionery

      2. 5.2.2 Condiments, Seasonings & Sauces

      3. 5.2.3 Dairy & Frozen Foods

      4. 5.2.4 Meat & Seafood Products

      5. 5.2.5 Snacks and Savoury Products

      6. 5.2.6 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Biospringer

      2. 6.3.2 Tate & Lyle Plc

      3. 6.3.3 Koninklijke DSM N.V

      4. 6.3.4 Givaudan SA

      5. 6.3.5 Sensient Technologies Corp

      6. 6.3.6 Kerry Group Plc

      7. 6.3.7 Corbion NV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Australia Sodium Reduction Ingredients Market market is studied from 2016 - 2026.

The Australia Sodium Reduction Ingredients Market is growing at a CAGR of 3.23% over the next 5 years.

Givaudan SA, Tate & Lyle Plc, Kerry Group Plc, Corbion NV are the major companies operating in Australia Sodium Reduction Ingredients Market .

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