The demand for SRI is the largest and fastest growing in Brazil when compared to the other South American regions. Though the use of mineral salts as SRI is most prevalent in the region, the market for yeast extracts is likely to maintain the fastest growth. By application, utilization of SRI in Brazil is the highest for snacks and meat products, accounting for a combined share of 50% as estimated in 2016, which are also forecasted to be the fastest growing end-use area.
Brazil SRI Market Dynamics
Excessive intake of sodium leads to a number of adverse health effects, hypertension being foremost among them. Alleviating these conditions to some extent has been possible through the use of SRI, such as mineral salts, amino acids and yeast extracts. Versatility in its application has provided the requisite impetus to these health promoting products.
Some of the major factors driving demand for SRI include the greater emphasis on health nutrition, the growing knowledge with regard to the detrimental effects of excessive intake of salt, improvement in taste and increased demand for processed foods.
Brazil SRI Market Segmentation
The SRI market is segmented by type into amino acids & glutamates, mineral salts, yeast extracts and others. By application, it is segmented into bakery & confectionery, condiments, seasonings & sauces, dairy & frozen foods, meat & meat products and other snacks.
Sodium reduction ingredients, constituting a crucial component of the food additives industry, are utilized for either reducing the salt content in food products or entirely replacing it. Excessive intake of sodium will have a number of adverse health effects, hypertension being foremost among them. Other health risks of the same include stroke, heart failure, osteoporosis, stomach cancer, kidney disease, kidney stones, enlarged heart muscle and headaches. Sodium consumption in excess can also be the cause of increased water retention that leads to puffiness, bloating and weight gain.
Alleviating these conditions to some extent has been possible through the use of sodium reduction ingredients, such as mineral salts, amino acids and yeast extracts. These mineral salts comprises of various salts such as potassium chloride, magnesium sulfate, potassium lactate and calcium chloride, with hydrolyzed vegetable protein, nucleotides and trehalose as well. Such ingredients typically find application on a combo basis or as blends that can be added to food products. A few of these ingredients are also being utilized in the form of masking ingredients that help in avoiding the bitter or metallic aftertastes of certain foods. Versatility in application has provided the requisite impetus to these health promoting products.
Some of the major factors driving demand for sodium reduction ingredients include:
- Greater emphasis on health nutrition
- Growing knowledge in regard to the detrimental effects of excessive intake of salt
- Improvement in taste
- Increased demand for processed foods.
Key Deliverables in the Study
- Market analysis for the Brazil Sodium Reduction Ingredient Market, with region specific assessments and competition analysis.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
- Extensively researched competitive landscape section with profiles of major companies along with their market shares.
- Identification and analysis of the macro and micro factors that affect the Brazil Sodium Reduction Ingredient Market.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights on the major regions in country where this industry is blooming and to also identify the regions that are still untapped.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modeling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Overview
4.2 Market Dynamics
188.8.131.52 Health & Wellness Campaigns Increasing Awareness amongst the Consumers
184.108.40.206 Growing Demand from the Food Processing Industry
220.127.116.11 Identification of New Flavor Enhancing Ingredients
18.104.22.168 Cost Implications and Ingredient Combinations
22.214.171.124 Low Adoption Rate
126.96.36.199 Stringent Regulatory Framework
188.8.131.52 Innovation in Product Applications
184.108.40.206 Growing Opportunities from Untapped Developing Markets
4.2.4 Porter's Five Forces Analysis
220.127.116.11 Bargaining Power of Suppliers
18.104.22.168 Bargaining Power of Buyers
22.214.171.124 Threat of New Entrants
126.96.36.199 Threat of Substitute Products and Services
188.8.131.52 Degree of Competition
4.2.5 Value & Supply Chain Analysis
5. Market Segmentation
5.1 By Product Type
5.1.1 Amino Acids & Glutamates
5.1.2 Mineral Salts
184.108.40.206 Potassium Chloride
220.127.116.11 Magnesium Sulphate
18.104.22.168 Potassium Lactate
22.214.171.124 Calcium Chloride
5.1.3 Yeast Extracts
5.2 By Application
5.2.1 Bakery & Confectionery
5.2.2 Condiments, Seasonings & Sauces
5.2.3 Dairy & Frozen Foods
5.2.4 Meat & Meat Products
6. Policies & Regulations
7. Competitive Landscape
7.1 Market Shares of Leading Global Players
7.2 Strategies Adopted by Leading Global Players
8. Company Profiles
8.1 Advanced Food Systems Inc.
8.2 Angel Yeast Co. Ltd
8.3 Armor Proteines SAS
8.5 Cambrian Solutions Inc
8.6 Carbery Group
8.7 Cargill Inc
8.8 Dr. Paul Lohmann GmbH KG
8.9 Danisco A/S
8.10 Givaudan SA
8.11 ICL Performance Products
8.12 Innophos Holdings Inc
8.13 Jungbunzlauer Holding AG
8.14 K+S Kali GmbH
8.15 Kerry Group
8.16 Kudos Blends
8.17 Novozymes A/S
8.18 Nu-Tek Food Sciences
8.19 Ohly Americas
8.20 Ottens Flavors
8.21 Purac Biochem BV
8.22 RS Flavor Ingredients
8.23 Royal DSM NV
8.24 Savory Systems International Inc
8.26 Sensient Technologies Corp
8.27 Smart Salt Inc
8.28 Tate & Lyle Plc
8.29 Wild Flavors Inc
8.30 Bunge Ltd
9.1 Secondary Sources