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.
Mexico Sodium Reduction Ingredients Industry Segmentation
Sodium reduction ingredients are used for reducing salt content from food products either by replacing salt from the food or by partially reducing the excess salt in food products. The Mexican sodium reduction ingredients market is segmented by product type and application. By product type, the market is categorized into amino acids and glutamates, mineral salts, yeast extracts, and other product types. The market is also segmented by application into bakery and confectionery, condiments, seasonings, and sauces, dairy and frozen foods, meat and meat products, snacks, and other applications. For each segment, the market sizing and forecasting have been done on the basis of value (in USD million).
By Product Type | |
Amino Acids and Glutamates | |
Mineral Salts | |
Yeast Extracts | |
Other Product Types |
By Application | |
Bakery and Confectionery | |
Condiments, Seasonings, and Sauces | |
Dairy and Frozen Foods | |
Meat and Meat Products | |
Snacks | |
Other Applications |
Mexico Sodium Reduction Ingredients Market Size Summary
The Mexico Sodium Reduction Ingredients Market is poised for significant growth, driven by increasing consumer awareness of the health risks associated with high sodium intake. The government's initiatives during the COVID-19 pandemic to promote low-sodium products have heightened awareness, as high sodium consumption is linked to serious health issues such as hypertension, heart disease, and stroke. This has led to a shift in consumer preferences towards low-sodium alternatives, thereby fostering market expansion. The market is further bolstered by the growing application of sodium reduction ingredients in various food sectors, including confectionery, bakery, frozen foods, and dairy products. These ingredients are also gaining traction in food flavoring and preparation, serving as effective masking agents to improve taste without increasing sodium levels.
The demand for mineral salts, particularly those containing potassium chloride, is on the rise due to their cost-effectiveness and health benefits, making them a popular choice in the food and beverage industry. Companies like Cargill are leading suppliers of these ingredients, offering a wide range of mineral salt products to meet diverse consumer needs. The competitive landscape of the Mexican sodium reduction ingredient market is characterized by the presence of numerous regional and domestic players, with major companies engaging in mergers, acquisitions, and new product developments to enhance their market presence. Key players such as Cargill Incorporated, Kerry Group PLC, Koninklijke DSM NV, and Lallemand Inc. are actively shaping the market dynamics through strategic initiatives and product innovations.
Mexico Sodium Reduction Ingredients 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 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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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 By 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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2.1.3 Yeast Extracts
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2.1.4 Other Product Types
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2.2 By 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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Mexico Sodium Reduction Ingredients Market Size FAQs
How big is the Mexico Sodium Reduction Ingredients Market?
The Mexico Sodium Reduction Ingredients Market size is expected to reach USD 137.57 million in 2024 and grow at a CAGR of 9.58% to reach USD 217.35 million by 2029.
What is the current Mexico Sodium Reduction Ingredients Market size?
In 2024, the Mexico Sodium Reduction Ingredients Market size is expected to reach USD 137.57 million.