Sodium Reduction Ingredients Market is projected to reach $1,246.7 Million mark by 2020

2024-04-08 06:11:49 Lifestyle

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Sodium reduction ingredients market research includes 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.

MARKET TRENDS & MARKET GROWTH:
According to the latest research by IndustryARC, owing to the Government emphasis on salt intake and recommendations from the health institutes in developed as well as developing nations, the Global Sodium Reduction Ingredients Market is projected to reach $1,246.7 Million mark by 2020, growing at a CAGR of 12.2% during the forecast period 2015-2020.

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Application wise, Meat and Bakery are the largest end-use segments for SRIs as they contain high sodium levels coupled with government restrictions on these specific industries.

Regional Analysis:
North America is accounted to be the dominant region in the Global SRI?s Market and it is individually estimated to reach $603.4 Million by 2020 growing 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. On the other hand, Europe is the fastest growing market region, driven by the region wise standard sodium reduction framework and active involvement of member countries to regulate the sodium levels in the food products.

Market Driving Factors:
? SRIs is one of the fastest growing ingredients segments in the food industry.
? Increasing rationalism among consumers regarding the sodium intake coupled with consistent efforts from the government regulatory bodies to cut down sodium in the processed foods based on yearly targets.
? Voluntary commitments by the global food manufacturers such as ConAgra foods Inc., (U.S.), Nestle S.A (Switzerland), Pepsi Co. (U.S.).
? However, lack of single standard approach to reduce sodium and cost of SRIs as compared to salt are some of the factors that hinder the growth of this market.

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REPORT SCOPE: Market Segmentation:
The Sodium Reduction Ingredients Market is a compact industry classified into 3 main broad types based on the factors like:
1. By Type: Mineral Salts, Yeast, Amino Acids and Others.
2. By Application: Dairy Products, Frozen Foods, Bakery, Confectionery, Meat Products and Others.
3. By Geography: North America, Europe, APAC and ROW.

Key Market Players:
Few top notable competitors of this market which are studied and analyzed by IndustryARC are:
? Tate & Lyle's (U.K.)
? Royal DSM (The Netherlands)
? Sensient Technologies (U.S.)
? Jungbunzlauer (Switzerland)
? Purac (The Netherlands)
? Dr. Paul Lohmann (Germany)

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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