Canada Sodium Reduction Ingredient Market - Growth, Trends, and Forecast (2020 - 2025)

Canada Sodium Reduction Ingredients Market is segmented by Product Type (Amino Acids & Glutamates, Mineral Salts, Yeast Extracts, and Others), by Application (Bakery & Confectionery, Condiments, Seasonings & Sauces, Dairy & Frozen Foods, Meat & Meat Products, Snacks, and Others).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

7.23 %

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Market Overview

The Canada Sodium Reduction Ingredient Market is expected to grow at a CAGR of 7.23% over the forecast period, 2020 to 2025.

  • Canada’s food and beverage manufacturers are making progress in voluntarily reducing the amount of sodium in the Canadian food supply while maintaining product safety, taste, texture, and stability. As there continue to be challenging in reducing the sodium content, Canadians as of today have more lower-sodium food choices as compared to the past.
  • Growing demand from the processed food industry is expected to play a major role in the upcoming years in Canada. Key players in savory snacks are also introducing new product variants with low sodium content. 

Scope of the report

The Canada sodium reduction ingredients market is segmented by Product type as Amino Acids & Glutamates, Mineral Salts, Yeast Extracts, and Others, by Application as Bakery & Confectionery, Condiments, Seasonings & Sauces, Dairy & Frozen Foods, Meat & Meat Products, Snacks, and Others.

By Product Type
Amino Acids & Glutamates
Mineral Salts
Yeast Extracts
Others
By Application
Bakery & Confectionery
Condiments, Seasonings & Sauces
Dairy & Frozen Foods
Meat & Meat Products
Snacks
Others

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Key Market Trends

Government Initiatives On Healthy Eating Strategies

The Canadian government has undertaken health initiatives that enable the reduction of sodium across food supplies. That being said, in 2016, Health Canada introduced updates to nutrition labeling regulations as part of the healthy eating strategies that are inclusive of standardizing serving sizes to help consumers compare the Nutrition Facts table of similar products.

On the other hand, Health Canada introduced reduction levels were set such as Phase III Targets and Maximum Levels and Interim targets, known as Phase I Targets and Phase II Targets, which were developed to encourage gradual reductions that would maintain consumer acceptance.

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Bakery & Confectionery along with Processed Foods holds a Significant Share

The application of sodium reduction ingredients has witnessed a strong penetration across both processed food segment, followed by the bakery & confectionery, the growth
is in line with increasing consumer preferences towards healthy foods owing to the growing awareness of the harmful effects of consuming excessive salts on the body.

Over the years, Canadian's food purchases have shifted from staple foods, used to prepare meals at home, to ready-to-eat processed foods. In Canada, processed food is the main contributor to excess intake, accounting for 77% of dietary sodium consumption.

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Competitive Landscape

The Canada Sodium reduction ingredients market share is significantly competitive and fragmented where some of its manufacturers are Cargill, Givaudan, Ajinomoto, Kerry Group among others. Various manufacturers are engaged in developing new products to satisfy the growing demand for salt reduction in the meat industry and achieve market expansion.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definitions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Amino Acids & Glutamates

      2. 5.1.2 Mineral Salts

      3. 5.1.3 Yeast Extracts

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Bakery & Confectionery

      2. 5.2.2 Condiments, Seasonings & Sauces

      3. 5.2.3 Dairy & Frozen Foods

      4. 5.2.4 Meat & Meat Products

      5. 5.2.5 Snacks

      6. 5.2.6 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Advanced Food Systems Inc.

      2. 6.4.2 Carbery Group

      3. 6.4.3 Cargill Inc

      4. 6.4.4 Givaudan SA

      5. 6.4.5 Kerry Group

      6. 6.4.6 Tate & Lyle Plc

      7. 6.4.7 Sensient Technologies Corp

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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