The Report “Sodium Reduction Ingredients; Market by Type (Mineral Salts, Yeast Extracts, Amino acids and Glutamates, Others); by End-use (Bakery, Snacks, Soups, Meat products, Table Top, Sauces & Dressings, Others) – Forecast (2015 – 2020) published by IndustryARC, estimates the market to reach $1,246.7 Million by 2020
Sodium is an essential nutrient to the human body. However, according to the research findings, excessive intake of sodium causes hypertension and cardiovascular diseases. According to the recent statistics from the World Health Organization (WHO), the global average sodium intake per day is twice than that of the recommended level of 2,300mg. These levels are even higher in the Asian and African regions. Regulatory bodies and food industry associations are working closely to formulate and implement long-term sodium reduction strategies. This trend has been constantly supported by the major food manufacturers with their voluntary commitments to reduce sodium levels in selected products segments based on timely targets.
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Major food manufacturers such as Pepsi Co, Kraft foods, Nestle SA, Unilever, ConAgra have been active in reducing sodium content in the existing products in alignment with WHO recommendations. Pepsi Co, a leading manufacturer of chips, has set a goal to reduce the average sodium per serving by 25% in their products by 2015. However, the company has reset the goal to 2020 after reviewing the progress till 2013. Another prominent company, Kraft foods, was successful in reducing sodium by 10% in its snack products in 2012. Around 80% of the Unilever’s products have met this target in 2012. Similarly, Nestle has achieved an overall sodium reduction of 4.7% in its entire product portfolio in 2014.
Major end-use applications of SRIs include bakery, snacks, soups, meat products, table top and sauces & dressings. These ingredients are also used in chocolate bars, cheese, dressings, noodles and so on to reduce sodium levels and impart salty taste. Bakery and Meat applications are the major end-use segments owing to the enforcements of regulations in various countries on these industries to reduce sodium content on based on timely targets.
North America is the dominant market for SRIs and it is estimated to reach $603.4 Million by 2020 at a CAGR of 11.6% during 2015-2020. Heightened awareness on acceptable salt intake and wide availability of low sodium products has put the North American market in the top position. Increasing countrywide efforts on monitoring and reducing salt intake in most of the European nations has been driving the SRIs market to be the fastest growing markets as compared to other regions.
The major players in this market Include:
- Cargill Inc. (U.S.)
- Royal DSM N.V. (The Netherlands)
- Ajinomoto Co Inc. (Japan)
- Jungbunzlauer AG (Switzerland)
- Innophos Holding Inc. (U.S.)
SRIs providers are continuously investing in developing and launching of product extensions to consolidate their market presence in particular end-use segments, especially in bakery and meat products category. Top five players account for approximately 55% of the total market. However, emerging companies have been offering products with high sodium reduction capabilities which may impact the market position of these top companies.
The global SRIs Market Report provides detailed analysis of the different ingredients and end-use segments.
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Various end-use applications included in the report are:
- Meat products
- Table top
- Sauces & Dressings
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.
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