Salt Replacers

Salt Replacers Market Outlook

The global salt replacers market is projected to reach a valuation of approximately USD 4.5 billion by 2035, exhibiting a compound annual growth rate (CAGR) of around 6.8% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing health awareness among consumers, alongside the rising prevalence of lifestyle-related diseases such as hypertension and cardiovascular issues, which are known to be exacerbated by excessive sodium intake. Furthermore, the growing demand for processed and convenience foods, which often have high sodium levels, is driving manufacturers to adopt salt replacers as a way to maintain flavor while reducing salt content. Additionally, the rapid expansion of the food and beverage industry, particularly in emerging economies, is expected to further fuel demand for alternative salt solutions that offer similar taste profiles without the health risks associated with traditional salt consumption. The significant investments in research and development for innovative salt replacers that cater to diverse dietary needs are also contributing to the market's robust growth.

Growth Factor of the Market

The salt replacers market is poised for significant growth primarily due to the increasing consumer demand for healthier food options. As the awareness of the health implications related to high sodium intake continues to rise, more consumers are opting for products that either contain less salt or utilize salt substitutes. This trend is further supported by health initiatives and regulations advocating for reduced sodium levels in processed foods, which has prompted manufacturers to innovate and reformulate their products. Additionally, the rise in the prevalence of dietary restrictions and preferences, such as veganism and gluten-free diets, is influencing the demand for natural and plant-based salt replacers. The expanding pharmaceutical and nutraceutical industries are also exploring salt replacers for their potential applications in medication formulations, enhancing the market's growth prospects. Furthermore, advancements in technology and ingredient sourcing are facilitating the development of cost-effective and high-quality salt alternatives, making them more accessible to a broader consumer base.

Key Highlights of the Market

• The market is projected to grow at a CAGR of 6.8% from 2025 to 2035, indicating a strong upward trend in demand for salt alternatives.
• Increased health consciousness among consumers is driving the shift towards low-sodium and salt-free products.
• Product innovation in the food and beverage sector is anticipated to create new opportunities for salt replacers.
• The pharmaceutical industry is increasingly utilizing salt replacers in drug formulations, diversifying the market applications.
• Emerging markets in Asia Pacific and Latin America are expected to show significant growth due to rising disposable incomes and changing dietary patterns.

By Product Type

Mineral Salts:

Mineral salts are one of the primary categories of salt replacers, which include compounds such as potassium chloride and magnesium sulfate. These salts are appreciated for their ability to mimic the flavor profile of traditional sodium chloride while offering additional health benefits. For instance, potassium chloride is often used in low-sodium products as it can help regulate blood pressure levels, making it particularly appealing to health-conscious consumers. The mineral salts segment is expected to witness substantial growth owing to increased demand from both the food and beverage industry and for use in home cooking. Additionally, the ongoing trend of reducing sodium levels in processed foods is prompting food manufacturers to explore mineral salts as viable alternatives to traditional table salt.

Amino Acids:

Amino acids, such as L-Lysine and others, are gaining traction in the salt replacers market due to their flavor-enhancing properties. These compounds are known to contribute umami flavors, which can help to reduce the perception of saltiness in foods while maintaining taste. As consumers continue to seek out natural and healthier flavor enhancers, amino acids present an attractive option for food manufacturers looking to reformulate their products. The use of amino acids as salt substitutes is also supported by the increasing trend towards clean label products, as they are derived from natural sources and are perceived as healthier alternatives. The amino acids segment is expected to grow in its adoption across various applications, particularly in the food and beverage industry.

Yeast Extracts:

Yeast extracts have emerged as a popular ingredient in the salt replacers market due to their inherent savory flavor profile. Rich in amino acids, vitamins, and minerals, yeast extracts can enhance the taste of food while providing a nutritious boost. They are commonly used in soups, sauces, and processed foods as a means of replacing salt without sacrificing flavor. The increasing demand for vegetarian and vegan products is further driving the growth of yeast extracts, as they are naturally sourced and free from any animal by-products. The versatility of yeast extracts in food formulations is contributing to their rising popularity, making them a key player in the salt replacers market.

Hydrolyzed Vegetable Protein:

Hydrolyzed vegetable protein (HVP) is another significant type of salt replacer that is used to impart a salty flavor without the high sodium content. HVP is derived from plant proteins and is processed through hydrolysis to break down the proteins into amino acids, which can enhance the flavor of various food products. This type of salt replacer is increasingly utilized in savory products such as snacks, sauces, and seasonings, making it an essential ingredient for manufacturers aiming to reduce sodium levels while maintaining flavor intensity. The versatility and functional benefits of hydrolyzed vegetable protein are propelling its adoption, particularly in the food and beverage industry.

Others:

This category encompasses various other salt replacers that do not fit into the primary classifications. This includes ingredients such as calcium chloride and other proprietary blends that are specifically formulated to replace salt in various applications. The 'others' segment is characterized by its innovation potential, as manufacturers are constantly developing new blends and solutions to meet the growing demand for low-sodium alternatives. This segment is expected to grow as more consumers seek out unique and diverse flavor profiles in their food products, leading to increased experimentation with different types of salt substitutes.

By Application

Food & Beverages:

The food and beverage application segment dominates the salt replacers market, accounting for the largest share due to the widespread utilization of salt in various food products. With the rising awareness of the negative health effects of high sodium consumption, manufacturers are increasingly reformulating their products to reduce sodium levels by incorporating salt replacers. This trend is particularly evident in processed foods, snacks, sauces, and ready-to-eat meals. The growing demand for healthier food options among consumers, coupled with regulatory pressures to reduce sodium levels in food items, is driving innovation and adaptation within this sector.

Pharmaceuticals:

The pharmaceuticals application segment is experiencing notable growth as the industry seeks to integrate salt replacers into drug formulations. Ingredients like potassium chloride and amino acids are gaining attention for their role in enhancing the bioavailability of medications and improving patient outcomes. As the pharmaceutical industry continues to expand its focus on personalized medicine and tailored formulations, the demand for innovative salt substitutes that can enhance drug efficacy is expected to rise. Furthermore, the growing trend towards functional foods and nutraceuticals is creating opportunities for salt replacers in dietary supplements, further driving this segment's growth.

Animal Feed:

Salt replacers are also making inroads into the animal feed industry, where they are being used to enhance the nutritional profile of feed products. The increasing awareness of animal health and nutrition is prompting livestock producers to seek alternatives to traditional salt, leading to the adoption of salt replacers that provide essential minerals and promote overall animal well-being. Ingredients such as mineral salts and hydrolyzed vegetable proteins are particularly valuable in this application, as they contribute to the overall health and productivity of livestock. The growth of the global animal feed market, driven by rising meat and dairy consumption, is expected to propel the demand for salt replacers in this sector.

Others:

The 'others' application segment includes various niche markets where salt replacers may be utilized, such as in personal care products and cosmetics. Salt replacers can serve as functional ingredients in these applications, contributing to texture, stability, and even flavor in certain formulations. The versatility of salt substitutes allows for their incorporation into a wide variety of products, leading to potential growth opportunities within this segment. As consumers continue to prioritize natural and health-conscious products, the demand for salt replacers in diverse applications is likely to expand.

By Distribution Channel

Direct Sales:

Direct sales constitute a significant distribution channel for salt replacers, allowing manufacturers to sell their products directly to retailers and end consumers. This approach offers several advantages, including the ability to provide detailed product information and foster direct relationships with clients. Direct sales enable manufacturers to maintain higher price control and better oversight of their product offerings. Additionally, as health and wellness trends grow, consumers are increasingly looking for options that align with their dietary preferences, and direct sales channels facilitate informed purchasing decisions. This segment is expected to witness growth as manufacturers focus on building brand loyalty and establishing direct connections with health-conscious consumers.

Indirect Sales:

The indirect sales channel encompasses various distribution methods, including wholesalers, distributors, and retailers, who play a crucial role in the salt replacers market. This channel allows manufacturers to reach a broader consumer base and enhances product availability across different regions. Retailers, including supermarkets, health food stores, and online platforms, are increasingly stocking salt replacers as consumer demand continues to grow. The rise of e-commerce has significantly transformed the indirect sales landscape, offering consumers convenient access to a wide variety of salt alternatives. As more consumers seek convenient shopping solutions, the indirect sales channel is expected to experience sustained growth, further bolstering the overall salt replacers market.

By Ingredient Type

Potassium Chloride:

Potassium chloride is one of the most widely used salt replacers, recognized for its ability to mimic the taste of traditional salt while offering a potassium boost. Its popularity is largely due to its perceived health benefits, particularly for individuals aiming to reduce sodium intake. Potassium chloride is commonly found in various food products, including snacks, packaged meals, and condiments. As consumers become increasingly health-conscious, seeking to lower their sodium levels for better cardiovascular health, the adoption of potassium chloride as a salt substitute is expected to rise significantly. Moreover, ongoing research highlighting the benefits of potassium in regulating blood pressure is further fueling its demand in the food industry.

Magnesium Sulfate:

Magnesium sulfate, also known as Epsom salt, is gaining traction as a salt replacer due to its unique flavor and health benefits. It is often used in seasoning blends and ready-to-eat meals, providing a distinct taste profile while offering additional nutritional benefits. Magnesium sulfate is known for its potential to improve digestion and boost overall health, making it an attractive option for health-focused consumers. The trend towards clean-label products and natural ingredients is also contributing to the growing acceptance of magnesium sulfate as a viable alternative to traditional salt. As the demand for innovative seasoning solutions increases, magnesium sulfate is likely to solidify its position in the salt replacers market.

Calcium Chloride:

Calcium chloride is another ingredient that is emerging as a salt replacer, primarily known for its ability to enhance flavor and preserve food products. It is widely used in the food industry as a firming agent and salt alternative, particularly in canned vegetables and pickled products. As consumers continue to seek options that provide both taste and health benefits, calcium chloride is gaining attention for its lower sodium content and its role in calcium fortification. The growth of the functional food market is expected to further drive the demand for calcium chloride as a salt replacer, as manufacturers explore ways to enrich their products with essential nutrients while reducing sodium levels.

L-Lysine:

L-Lysine, an essential amino acid, is increasingly being recognized as a salt replacer due to its flavor-enhancing properties and nutritional benefits. It contributes to the overall umami taste of food, making it a valuable ingredient for formulations aimed at reducing sodium content. The growing trend towards protein-rich diets and functional foods is driving the adoption of L-Lysine in various applications, including snacks, sauces, and processed foods. As more consumers prioritize health and wellness, incorporating amino acids like L-Lysine into food products aligns with the demand for innovative and nutritious alternatives to traditional salt. This segment is expected to grow as manufacturers continue to explore the potential of amino acids in fostering healthier food options.

Others:

The 'others' ingredient type category encompasses various unconventional salt replacers and proprietary blends that do not fit into the primary classifications. This includes novel ingredients sourced from plants or synthesized through advanced technology that aim to deliver unique flavor profiles without the health risks associated with sodium. The versatility of these alternative ingredients can lead to their incorporation in a wide range of products, appealing to consumers looking for innovative culinary experiences. As the demand for clean and natural food products grows, the 'others' segment is likely to expand, with manufacturers investing in research and development to identify and market new and effective salt substitutes.

By Region

The North American salt replacers market is anticipated to hold a significant share, propelled by increasing health consciousness and stringent regulatory measures aimed at reducing sodium levels in processed foods. The region's growing food and beverage industry is adapting to the changing consumer preferences, leading to heightened investment in salt substitutes. With the U.S. FDA's initiatives to encourage lower sodium intake among Americans, the demand for salt replacers in North America is expected to witness substantial growth, projected at a CAGR of approximately 7.2% from 2025 to 2035. The trend towards clean label products, along with the rising consumption of convenience foods, is expected to further bolster the market in this region.

In Europe, the salt replacers market is also set to experience robust growth, driven by increasing awareness of health risks associated with high sodium consumption. Several European countries have implemented policies and guidelines aimed at reducing sodium levels in food products, paving the way for the adoption of salt replacers. The rising trend of healthier eating habits and the demand for organic and natural ingredients are also contributing to the growth of this market. With leading countries such as Germany, France, and the UK focusing on innovative food solutions, the European salt replacers market is projected to expand steadily over the forecast period. The cumulative growth across various countries is expected to keep the regional split in line with global numbers, ensuring that overall consumption remains consistent.

Opportunities

The salt replacers market is rich with opportunities for growth, particularly as consumer awareness and demand for healthier food alternatives continue to rise. With health issues related to high sodium intake becoming more prominent, there is a significant opportunity for manufacturers to innovate and create products that cater to this evolving consumer mindset. The potential for product reformulation in both the food and beverage industry is vast, as businesses seek to align with health trends and regulations emphasizing lower sodium content. Additionally, the expansion of online retail platforms provides an avenue for reaching a broader consumer audience, enabling the marketing of salt replacers to health-conscious shoppers who are actively looking for alternatives to traditional salt. The increasing prevalence of dietary restrictions, including gluten-free and vegan diets, also presents opportunities for the development of specialized salt replacers that cater to these specific consumer needs.

Furthermore, the pharmaceutical sector provides promising opportunities for salt replacers, as researchers and manufacturers seek to optimize drug formulations with healthier ingredient alternatives. With the growing trend of personalized medicine, the incorporation of salt replacers into nutraceuticals and functional foods is on the rise. This intersection of health and food technology opens new avenues for product innovation, allowing companies to develop unique formulations that provide both functional and health benefits. Additionally, collaborations between food manufacturers and health organizations can enhance product visibility and credibility, driving consumer trust and product acceptance. Overall, the evolving landscape of health and wellness presents substantial opportunities for stakeholders in the salt replacers market.

Threats

Despite the positive outlook for the salt replacers market, there are several threats that could impede its growth. One significant concern is the potential resistance from consumers who are accustomed to traditional salt and may be hesitant to try new alternatives. The perception that salt substitutes do not deliver the same flavor profile or culinary experience can pose challenges for market penetration. Additionally, price sensitivity plays a crucial role; as salt substitutes often come at a premium compared to regular salt, consumers may be reluctant to pay more for a product they are unfamiliar with. Moreover, the presence of strong competition from traditional salt manufacturers can further complicate the market dynamics, as these companies may leverage established brand loyalty to retain their customer base.

Another critical threat is regulatory challenges, as varying food safety and labeling regulations across regions can complicate the introduction of new salt replacers. Compliance with these regulations may require significant investment in product research and development, potentially hindering smaller companies from entering the market. Furthermore, the risk of supply chain disruptions, especially for ingredients sourced from specific regions or countries, can impact production and availability. As the industry evolves, staying ahead of trends and consumer preferences will be essential for maintaining a competitive edge, making adaptability a crucial factor for success. In this rapidly changing market, companies must also be proactive in addressing concerns related to the health implications of certain salt replacers, as negative publicity could adversely affect consumer perception and sales.

Competitor Outlook

• Ajinomoto Co., Inc.
• DSM Nutritional Products
• ICL Group Ltd.
• Sensient Technologies Corporation
• Wacker Chemie AG
• Corbion NV
• Salt of the Earth Ltd.
• Celanese Corporation
• Frutarom Ltd.
• Givaudan SA
• Univar Solutions Inc.
• Naturex S.A.
• Ingredion Incorporated
• BASF SE
• Kraft Heinz Company

The competitive landscape of the salt replacers market is characterized by a mix of established players and emerging companies that are driving innovation and product development in response to shifting consumer preferences. Major companies are investing heavily in research and development to create new formulations and enhance their product offerings to meet health trends. This competitive environment is further intensified by the presence of local and regional players that focus on niche markets, allowing for diverse product portfolios that cater to specific consumer needs. Strategic partnerships, mergers, and acquisitions are common as companies look to strengthen their market position and diversify their product lines. The emphasis on sustainability and clean label products is also shaping competitive strategies, with companies increasingly adopting transparent sourcing practices to appeal to health-conscious consumers.

Ajinomoto Co., Inc. is a prominent player in the salt replacers market known for its extensive portfolio of flavor enhancers, including sodium-reduced and salt-free options. The company leverages its expertise in amino acids to offer innovative solutions that cater to the health needs of consumers. By focusing on research and development, Ajinomoto aims to enhance its product range and maintain a competitive edge in the evolving market. Similarly, DSM Nutritional Products provides a variety of salt replacers that are designed to meet the demand for healthier alternatives in food applications. The company's commitment to sustainability and innovation positions it well for growth as consumers increasingly prioritize health and wellness.

ICL Group Ltd. is another key player in the salt replacers market, with a strong emphasis on delivering mineral-based solutions that cater to the food industry. Their diverse product portfolio includes potassium chloride and other mineral salts, which are well-suited for reducing sodium content in various food applications. As the demand for natural and healthy food options grows, ICL's focus on innovation and quality is expected to drive the company's growth in this segment. Sensient Technologies Corporation is also making strides in the market, offering a range of natural color and flavor solutions, including various salt replacers. Through strategic investments in technology and product development, Sensient aims to enhance its market presence and cater to evolving consumer preferences.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Corbion NV
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Givaudan SA
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Naturex S.A.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Frutarom Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 ICL Group Ltd.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Wacker Chemie AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Ajinomoto Co., Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Kraft Heinz Company
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Celanese Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Univar Solutions Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Ingredion Incorporated
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Salt of the Earth Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 DSM Nutritional Products
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Sensient Technologies Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Salt Replacers Market, By Application
    • 6.1.1 Food & Beverages
    • 6.1.2 Pharmaceuticals
    • 6.1.3 Animal Feed
    • 6.1.4 Others
  • 6.2 Salt Replacers Market, By Product Type
    • 6.2.1 Mineral Salts
    • 6.2.2 Amino Acids
    • 6.2.3 Yeast Extracts
    • 6.2.4 Hydrolyzed Vegetable Protein
    • 6.2.5 Others
  • 6.3 Salt Replacers Market, By Ingredient Type
    • 6.3.1 Potassium Chloride
    • 6.3.2 Magnesium Sulfate
    • 6.3.3 Calcium Chloride
    • 6.3.4 L-Lysine
    • 6.3.5 Others
  • 6.4 Salt Replacers Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Salt Replacers Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Salt Replacers market is categorized based on

By Product Type

• Mineral Salts
• Amino Acids
• Yeast Extracts
• Hydrolyzed Vegetable Protein
• Others

By Application

• Food & Beverages
• Pharmaceuticals
• Animal Feed
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Ingredient Type

• Potassium Chloride
• Magnesium Sulfate
• Calcium Chloride
• L-Lysine
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Ajinomoto Co., Inc.
• DSM Nutritional Products
• ICL Group Ltd.
• Sensient Technologies Corporation
• Wacker Chemie AG
• Corbion NV
• Salt of the Earth Ltd.
• Celanese Corporation
• Frutarom Ltd.
• Givaudan SA
• Univar Solutions Inc.
• Naturex S.A.
• Ingredion Incorporated
• BASF SE
• Kraft Heinz Company