Salt Substitutes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Salt Substitutes Market is segmented by Type (Mineral Salts, Amino Acids, Yeast Extracts, Hydrolyzed Vegetable Protein, Others), By Application (Bakery & Confectionery, Snacks, Meat & Poultry, Beverages, Soups, Salads, Sauces & Dressings, Others), and Geography.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.71 %

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Market Overview

Global salt substitutes market is projected to grow at a CAGR of 6.71% during the forecast period (2020 - 2025).

  • Increasing processed food consumption, globally 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.
  • Increasing work pressure has also 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.

 

Scope of the Report

Global salt substitutes market is segmented by type, and application. On the basis of type, the market is segmented into, mineral aalts, amino acids, yeast extracts, hydrolyzed vegetable protein, others. On the basis of application, the market is segmented into bakery & confectionery, snacks, meat & poultry, beverages, soups, salads, sauces & dressings, others. Also, the study provides an analysis of the salt substitutes market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
Mineral Salts
Amino Acids
Yeast Extracts
Hydrolyzed Vegetable Protein
Others
By Application
Bakery & Confectionery
Snacks
Meat & Poultry
Beverages
Soups, Salads, Sauces & Dressings
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Growing Demand for Savory Snacks

The growing demand for savory snacks, owing to its eas availablity and taste. However, various snack base products are unappetizing without added seasonings. Salt being the original, and most common seasoning. Snack manufacturers have searched for product line extensions, and development of flavored products has been an obvious choice. Salt substitutes are compounded to add taste to improve consumer appeal of the finished product. Increased health awareness has led to reduced use of salt and the use of salt substitutes instead. Several ingredient manufacturers offer sodium replacements, and their potential application in snacks is growing. For instance, Cargill’s FlakeSelect is its patent-pending technology, where sodium chloride and potassium chloride are combined using a roller application and smashed together.

salt substitutes market1

Asia-Pacific Witnessed a Significant Market Growth

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 across the globe including North America and Europe 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.

salt substitutes market2

Competitive Landscape

The global salt substitutes market is gaining momentum, globally. Nonetheless, the market exhibits the strong presence of key players such as Cargill Inc, K+S Aktiengesellschaft, Alsiano, Givaudan SA, Smart Salt, Inc., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Force 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 Type

      1. 5.1.1 Mineral Salts

      2. 5.1.2 Amino Acids

      3. 5.1.3 Yeast Extracts

      4. 5.1.4 Hydrolyzed Vegetable Protein

      5. 5.1.5 Others

    2. 5.2 By Application

      1. 5.2.1 Bakery & Confectionery

      2. 5.2.2 Snacks

      3. 5.2.3 Meat & Poultry

      4. 5.2.4 Beverages

      5. 5.2.5 Soups, Salads, Sauces & Dressings

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Inc

      2. 6.4.2 K+S Aktiengesellschaft

      3. 6.4.3 Alsiano

      4. 6.4.4 Givaudan SA

      5. 6.4.5 Tate & Lyle

      6. 6.4.6 NuTek

      7. 6.4.7 Smart Salt, Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Salt Substitutes Market market is studied from 2016 - 2026.

The Salt Substitutes Market is growing at a CAGR of 6.71% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Cargill Inc, K+S Aktiengesellschaft, Alsiano, Givaudan SA, NuTek are the major companies operating in Salt Substitutes Market.

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