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Australia Sodium Reduction Ingredients Market Size, Report: By Product Type: Amino Acid, Yeast Extract, Mineral Blends, Others; By Application: Dairy and Frozen Foods, Bakery and Confectionery, Meat and Meat Products, Snacks, Condiments, Seasonings and Sauces, Others, Regional Analysis; Competitive Landscape; 2024-2032
Australia Sodium Reduction Ingredient Market Outlook
The Australia sodium reduction ingredient market size reached USD 80.54 million in 2023. The market is expected to grow at a CAGR of 4.87% between 2024 and 2032, reaching USD 122.55 million by 2032.
Key Takeaways
- According to the USDA, Australians are increasingly purchasing higher-quality, fresher selections of bread and baked goods, such as pretzels, sourdough, ciabatta, brioche, and baguettes, thereby propelling the Australia sodium reduction ingredient market.
- The USDA forecasts a 0.6 per cent rise in milk production for Australia in 2024, reaching 8.50 million metric tons (MMT), which is expected to stimulate growth in the country's sodium reduction market to produce dairy and frozen products.
- The Australian Bureau of Statistics reports a 2.4% rise in seasonally adjusted red meat production and a 1.1% increase in chicken meat production for the December 2023 quarter, which is expected to drive up demand for sodium reduction ingredients.
Dairy and frozen foods contribute to the Australia sodium reduction ingredient market growth as consumers increasingly seek products with lower sodium levels, reflecting a rising awareness of health-conscious dietary habits
Sodium reduction ingredients in dairy and frozen foods provide a healthier choice by reducing salt levels, preserving taste, promoting heart health, accommodating dietary needs, fulfilling consumer preferences, and adhering to regulatory standards.
In bakery and confectionery products, these ingredients deliver healthier options with decreased salt, balanced taste, suitability for dietary needs, weight control benefits, health improvements, marketing advantages, and regulatory conformity.
As reported by the Australian Bureau of Statistics, approximately 11.6% or 3.0 million individuals disclosed hypertension in 2022, leading to an increased demand for low-sodium food options and subsequently driving growth in the Australia sodium reduction ingredient market.
Market Segmentation
Australia Sodium Reduction Ingredient Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Amino Acid
- Yeast Extract
- Mineral Blends
- Potassium Sulphate
- Potassium Lactate
- Magnesium Sulphate
- Potassium Chloride
- Calcium Chloride
- Others
Market Breakup by Application
- Dairy and Frozen Foods
- Bakery and Confectionery
- Meat and Meat Products
- Snacks
- Condiments, Seasonings and Sauces
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia sodium reduction ingredient market key players are DSM Nutritional Products Australia Pty Ltd., Givaudan Australia Pty Ltd., Sensient Technologies Corporation, and Kerry Group plc among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Sodium Reduction Ingredients Market Overview
8.1 Key Industry Highlights
8.2 Australia Sodium Reduction Ingredients Historical Market (2018-2023)
8.3 Australia Sodium Reduction Ingredients Market Forecast (2024-2032)
9 Australia Sodium Reduction Ingredients Market by Product Type
9.1 Amino Acid
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Yeast Extract
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Mineral Blends
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Type
9.3.3.1 Potassium Sulphate
9.3.3.2 Potassium Lactate
9.3.3.3 Magnesium Sulphate
9.3.3.4 Potassium Chloride
9.3.3.5 Calcium Chloride
9.4 Others
10 Australia Sodium Reduction Ingredients Market by Application
10.1 Dairy and Frozen Foods
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Bakery and Confectionery
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Meat and Meat Products
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Snacks
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Condiments, Seasonings and Sauces
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Australia Sodium Reduction Ingredients Market by Region
11.1 New South Wales
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Victoria
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Queensland
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Australian Capital Territory
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Western Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 DSM Nutritional Products Australia Pty Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.2 Givaudan Australia Pty Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Sensient Technologies Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Kerry Group plc
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Sodium Reduction Ingredients Market: Key Industry Highlights, 2018 and 2032
2. Australia Sodium Reduction Ingredients Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Australia Sodium Reduction Ingredients Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Australia Sodium Reduction Ingredients Historical Market: Breakup by Application (USD Million), 2018-2023
5. Australia Sodium Reduction Ingredients Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Australia Sodium Reduction Ingredients Historical Market: Breakup by Region (USD Million), 2018-2023
7. Australia Sodium Reduction Ingredients Market Forecast: Breakup by Region (USD Million), 2024-2032
8. Australia Sodium Reduction Ingredients Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 80.54 million in 2023.
The market is projected to grow at a CAGR of 4.87% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 122.55 million in 2032.
The sodium reduction ingredient market is categorised according to product type, which includes amino acid, yeast extract and mineral blends.
The key players are DSM Nutritional Products Australia Pty Ltd., Givaudan Australia Pty Ltd., Sensient Technologies Corporation and Kerry Group plc among others.
Based on sodium reduction applications, the market is divided into dairy and frozen foods, bakery and confectionery, meat and meat products, snacks, condiments, seasonings and sauces, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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