Europe is slated to emerge as the fastest growing global market for SRI, with the prospect of posting a CAGR of over 12% between 2016 and 2021. By segment, mineral salts dominate the scenario of salt reduction ingredients in the region, though demand for yeast extracts is likely to register the fastest growth. Meats & meat products and snacks make extensive use of SRI, thereby constituting the largest, as well as the fastest growing end-use applications. Germany and the United Kingdom are the two largest regional markets for SRI in Europe, with a collective share of nearly 55% as estimated in 2014.
Europe 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.
Europe 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.