Low Sodium Sea Salt Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis and Share by Forecast 2031

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 As per a study by FMI, the low sodium sea salt market is expected to exhibit a steady growth and reach a valuation of US$ 106.6 Mn in 2021. The global market is expected to rise at a CAGR of 6.6% during the forecast period of 2021 to 2031.

According to a study by FMI, the market is exhibited a 5.9% year-on-year growth in 2021 regardless of COVID-19 pandemic. The sales are expected to rise steadily owing to rising risk of heart diseases and high blood pressure.

Patients in Germany with acute hypertension are adopting food and beverages with low sodium content. The German Federal Institute for Risk Assessment has also demanded reduced salt content in processed food to combat hypertension. These factors will boost demand for low sodium sea salt market in this region.

The U.S. is the biggest importer of low sodium sea salt however this country has strict and heavy import tariffs on numerous commodities including low sodium sea salt. This has hampered profit margins for key players in the country, therefore they are shifting their production base to different countries.

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Excessive usage of high-sodium food such as snacks, canned food, and other processed foods are causing chronic diseases and health consequences. This is favoring regional players and they are investing in locally sourced ingredients. These strategies undertaken by market players will create prospects for growth in the coming years.

The report forecasts dry sea salt sales to surge at an accelerated pace over the coming years. Dry sea salt helps in preventing iodine deficiency and hypothyroidism. Rising awareness about such health benefits will create prospects for sales in the coming years.

“Key players are investing in locally sourcing and producing to cater demands from local consumers and strengthen their foothold in the regional market”, says the FMI analyst.

projected bps change in market share for key segments in global low sodium sea salt market, 2021-2031

Key Takeaways

  • Convenience stores are anticipated to remain preferred sales channel, registering a CAGR of 6.5% during the forecast period.
  • Application as flavoring agent will grow at a CAGR of 4.1%. The segment will account for 41.9% of the market value share by the end of forecast period.
  • Low sodium sea salt demand in grain form will rise at over a CAGR of 6.8% and hold 78.9% of the market through 2031.
  • Dry sea salt sales are expected to register a growth of 6.3% CAGR over the forecast period as it aids in preventing iodine deficiency and hypothyroidism.
  • China is expected to hold a market value share of 63.4% in 2021 in the APEJ market as this country is the biggest producer of low sodium sea salt in the global market.

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