Market Size of China Sodium Reduction Ingredient Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 10.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Sodium Reduction Ingredient Market Analysis
The Chinese sodium reduction ingredients market is projected to register a CAGR of 10% during the forecast period.
Growth in the food industry, especially the packaged and processed food segments, is driving the consumption of sodium among the consumers. To reduce this high consumption, the manufacturers are making products that are tasty and healthy, but with less sodium content.
The levels of sodium and the ingredients used to reduce sodium content differ across applications, mainly due to the variations in taste, texture, and usage requirements of each application.
Consumption of noodles, meat, sauces, soups, and snack is high in China, and the segments are huge potential markets for sodium reduction ingredients.
China Sodium Reduction Ingredient Industry Segmentation
By product type, the Chinese sodium reduction ingredients market is segmented into amino acids and glutamates, mineral salts (potassium chloride, magnesium sulfate, potassium lactate, and calcium chloride), yeast extracts, and other types. Based on application, the market is segmented into bakery and confectionery, condiments, seasonings and sauces, dairy and frozen foods, meat and meat products, snacks, and other applications.
Product Type | ||||||
Amino Acids and Glutamates | ||||||
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Yeast Extracts | ||||||
Other Product Types |
Application | |
Bakery and Confectionery | |
Condiments, Seasonings and Sauces | |
Dairy and Frozen Foods | |
Meat and Meat Products | |
Snacks | |
Other Applications |
China Sodium Reduction Ingredient Market Size Summary
The Chinese sodium reduction ingredients market is experiencing significant growth, driven by the increasing demand for healthier food options within the packaged and processed food sectors. As consumers become more health-conscious, manufacturers are focusing on developing products that maintain taste and quality while reducing sodium content. This shift is particularly evident in the consumption of staple foods such as noodles, meat, sauces, soups, and snacks, which present substantial opportunities for sodium reduction ingredients. The market is characterized by the use of yeast extracts, which serve as natural additives to enhance flavor without compromising the texture of food products. These extracts are favored for their ability to provide savory and umami tastes, making them a popular choice in various food applications, including soups, snacks, meat, bakery, and dairy products.
The market landscape in China is fragmented, with both global and local players actively participating to meet the rising demand for sodium reduction solutions. Companies are employing strategies such as product innovation, expansions, and mergers and acquisitions to strengthen their market presence. Key players in the industry include Angel Yeast Co. Ltd, Corbion NV, Tate & Lyle PLC, and Koninklijke DSM NV, who are all contributing to the market's dynamic growth. The trend towards reduced salt products is also evident in the development of low sodium snacks, such as granola bars, chips, nuts, and crackers, which cater to the preferences of health-conscious consumers. This ongoing innovation and adaptation to consumer preferences are pivotal in driving the expansion of the sodium reduction ingredients market in China.
China Sodium Reduction Ingredient Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Amino Acids and Glutamates
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2.1.2 Mineral Salts
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2.1.2.1 Potassium Chloride
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2.1.2.2 Magnesium Sulphate
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2.1.2.3 Potassium Lactate
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2.1.2.4 Calcium Chloride
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2.1.3 Yeast Extracts
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2.1.4 Other Product Types
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2.2 Application
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2.2.1 Bakery and Confectionery
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2.2.2 Condiments, Seasonings and Sauces
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2.2.3 Dairy and Frozen Foods
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2.2.4 Meat and Meat Products
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2.2.5 Snacks
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2.2.6 Other Applications
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China Sodium Reduction Ingredient Market Size FAQs
What is the current China Sodium Reduction Ingredient Market size?
The China Sodium Reduction Ingredient Market is projected to register a CAGR of 10% during the forecast period (2024-2029)
Who are the key players in China Sodium Reduction Ingredient Market?
Givaudan, Corbion NV, Koninklijke DSM N.V, Tate & Lyle Plc and Angel Yeast Co., Ltd are the major companies operating in the China Sodium Reduction Ingredient Market.