Market Size of Mexico Sodium Reduction Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 137.57 Million |
| Market Size (2029) | USD 217.35 Million |
| CAGR (2024 - 2029) | 9.58 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Sodium Reduction Ingredients Market Analysis
The Mexico Sodium Reduction Ingredients Market size is estimated at USD 137.57 million in 2024, and is expected to reach USD 217.35 million by 2029, growing at a CAGR of 9.58% during the forecast period (2024-2029).
During the COVID-19 pandemic, the Mexican government introduced initiatives to enhance consumer awareness regarding the consumption of low-sodium products and their health benefits. By September 2020, more than 70,000 Mexicans had died from COVID-19, of which two-thirds had an underlying medical condition, such as obesity, diabetes, hypertension, and cardiovascular problems, according to health officials. High sodium consumption can raise blood pressure, and high blood pressure is a major risk factor for heart disease and stroke. Thus, growing awareness regarding the consumption of low-sodium products and increased health problems in line with the consumption of high sodium products has paved the way for the growth of the sodium reduction ingredients market.
Over the medium term, the market is expected to be majorly driven by increasing awareness regarding the health effects of excessive sodium consumption. Additionally, the increasing application of sodium reduction ingredients in confectionaries, bakery products, frozen foods, and dairy products is expected to complement the market growth tremendously during the forecast period.
Furthermore, sodium reduction ingredients are gaining prominence in food flavors and preparations, such as seasonings and sauces, as these ingredients also act as masking agents that remove bitterness and metallic after-taste in food products. This is expected to strengthen the market demand in the country further.
