According to FMI reports, the global reduced salt packaged foods market can soar at a rate CAGR of 5.5% from 2023–2033. The net worth of the market share of the reduced salt packaged foods industry is predicted from US$ 124.12 billion in 2023 to over US$ 212.01 billion by 2033.
Consumer spending power has increased as healthier options have become more popular and health issues have become more widely recognised. Furthermore, throughout the course of the projected period, it is expected that the global market for lightly salted food items would grow as more people become aware of the hazards associated with consuming meals high in sodium.
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The increasing popularity of private label brands is another factor predicted to hinder market expansion. In recent times, there has been a significant global surge in demand for lower-salinity food items due to customers’ growing health consciousness. Customers are now increasingly conscious of the harmful consequences associated with excessive salt use.
As a result of consumer demand for low-salt foods and drinks, manufacturers have introduced reduced-salt products. The growth of the food industry, particularly packaged and processed foods, has also contributed to the increase in sodium consumption.
Manufacturers create tasty, healthy products with low sodium content as a way to reduce salt consumption among consumers. Different applications have different requirements for tastes, textures, and usage requirements when it comes to sodium levels and ingredients.
Key Takeaways from the Reduced Salt Packaged Foods industry Study
- The global reduced salt packaged foods industry expanded at 8%CAGR over 2017–2022.
- China dominates the Asia Pacific except for the Japan region. reduced salt packaged foods industry expected to reach US$ 53.12 billion by 2033 at a 9.1% CAGR.
- Snacks segment holds a CAGR of 4%in 2023 and is projected to continue accounting for over half of sales in the market by 2033.
- Based on distribution channels, offline led the reduced salt packaged foods industry.
- The reduced salt packaged foods industry is expected to increase at a notable CAGR of 5.5%.
Competitive Landscape for the Reduced Salt Packaged Foods Industry
The global market for reduced salt food products is highly fragmented due to the number of manufacturers on the market. Market leaders maintain their dominance by investing in research and development, incorporating innovative technology into their products, and releasing high-quality products. For example, they use alliances, agreements, mergers, and partnerships to maintain their leadership position.
PepsiCo, The Kraft Heinz Company, General Mills, Maple Leaf Foods, Kellogg’s, JBS, Tesco, Tyson Foods, Nestle, ConAgra Foods, Hormel Foods, Smithfield Foods, Cargill, and others, the market is growing and establishing a strong global presence.
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Recent Developments in the Reduced Salt Packaged Foods Market
- Food for Life Baking Co. announced in July 2021 that it would add low-sodium products to its offerings. There are a variety of saline-free products available, such as cereals, muffins, and tortillas.
- In April 2022, Tata Salt introduced Tata Salt SuperLite, India’s first-ever 30% low sodium salt, as part of its low sodium salt portfolio. This product has been specially formulated with 30% less sodium than refined iodized salt to provide a solution for people whose diets contain less sodium.
- In July 2021, Ezekiel 4:9 Sprouted Flourless Crunchy Cereal, Low Sodium Sprouted Flourless English Muffins, and Low Sodium Sprouted Flourless Tortillas were all added to the Food for Life Baking Co. line.
- In 2021, Cargill Salt launched an ultrafine, powder-like sodium chloride ingredient. It can be used as a blending ingredient in dry soups, cereals, flours, spice mixes, and snack toppings.
Reduced Salt Packaged Foods Market Segmentation by Category
By Product Type:
- Meat
- Poultry
- Seafood
- Snacks
- Others
By Distribution Channel:
- Offline
- Online
By Region:
- North America
- Latin America
- Europe
- The Middle East & Africa (MEA)
- East Asia
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Frequently Asked Questions
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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