Market Size of South America Sodium Reduction Agents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.04 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Sodium Reduction Agents Market Analysis
South America sodium reduction ingredient market is anticipated to witness a CAGR of 9.04% during the forecast period (2020-2025).
- Growth in the packaged and processed food segments has led to increased consumption of sodium among the consumers. To reduce this high consumption and associated health risks, the manufacturers are developing products that are tasty and healthy, but with less sodium content.
- The market is mainly driven by the increase in the growth of the health consciousness of consumers in the region. The support of organizations and medical consultants including doctors and dieticians has also fueled market growth to an extent.
- The mineral salts segment holds a prominent share owing to the psychological swaying to taking precautions and opting for reduced-sodium ingredients.
- The yeast extracts are projected to show rapid growth due to the associated health benefits, mainly targeted by the preference for fermented products.
