Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Reduced Salt Food Products Market size is expected to reach $431.1 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Snacks market is leading the Global Reduced Salt Food Products Market by Type in 2021; thereby, achieving a market value of $261 billion by 2028. The significant consumption of low-sodium snacks among consumers with hypertension or high blood pressure can be ascribed to the rapidly increasing growth of this segment of the market. Snacks are becoming very common nowadays among people with diabetes in order to maintain their insulin levels.
The Online market is poised to grow at a CAGR of 7% during (2022 - 2028). The coronavirus pandemic had a huge impact on distribution networks and fundamentally altered the environment, which eventually accelerated the emergence and adoption of online distribution networks. Due to the pandemic, consumers now prefer contactless transactions to stop the virus from spreading, which has increased the use of online shopping platforms.
The Asia Pacific market dominated the Global Reduced Salt Food Products Market by Region in 2021; thereby, achieving a market value of $168.5 billion by 2028. The Europe market is experiencing a CAGR of 4.3% during (2022 - 2028). Additionally, The North America market is exhibiting a CAGR of 4.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Mills, Inc., Nestle S.A., PepsiCo, Inc., The Kraft Heinz Company, Hormel Foods Corporation, Maple leaf foods, Inc., Tyson Foods, Inc., Conagra Brands, Inc., Kellogg Company, Smithfield Foods, Inc.
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