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Mexico Sodium Reduction Ingredients Market is segmented by Product Type (Amino Acids & Glutamates, Mineral Salts, Yeast Extracts, and Others), and by Application (Bakery & Confectionery, Condiments, Seasonings & Sauces, Dairy & Frozen Foods, Meat & Meat Products, Snacks, Others).
The Mexico sodium reduction ingredient market is projected to grow at a CAGR of 3.1% during the forecast period 2020 - 2025.
The Mexico sodium reduction ingredients market is segmented by product type and application. By product type, the market is categorized into amino acids & glutamates, mineral salts, yeast extracts, and others; where others hydrolyzed vegetable protein, trehalose, and nucleotides. The mineral salts are further bifurcated into potassium chloride, magnesium sulphate, potassium lactate, and calcium chloride. The market is also segmented by application into bakery & confectionery, condiments, seasonings & sauces, dairy & frozen foods, meat & meat products, snacks, others.
|Amino Acids & Glutamates|
|Bakery & Confectionery|
|Condiments, Seasonings & Sauces|
|Dairy & Frozen Foods|
|Meat & Meat Products|
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Growing consumer awareness regarding the detrimental effects on the consumption of excessive sodium in the body is expected to boost the overall growth of the sodium reduction ingredient market. The hazards related to a high-sodium diet such as cardiac diseases, high blood pressure, and hypertension have been documented widely in the past decade. Besides, governmental interventions coupled with multi-sector efforts by several organizations have raised awareness regarding the harmful effects of excessive consumption of sodium on the body. According to INEGI, an estimated number of 141,619 deaths in Mexico, have been recorded due to heart conditions, which has been the leading reason for deaths in the year 2017. Thus, growing public awareness has anticipated boosting the overall growth in the demand for sodium reducing ingredients market.
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Mineral salts are the most consumed form of sodium reduction ingredients as it contains potassium chloride which offers flavor without increasing their daily sodium intake as a substitute of salt, along with being a healthy alternative to salt. Also, its low cost compared to its counterparts makes it a more preferred choice among all the sodium reduction ingredients. Therefore, the demand for natural mineral salts food and beverage industries such as bakery, dairy, and other industries has increased extensively.
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The Mexico sodium reduction ingredient market is competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the market include Cargill, Incorporated, Kerry Inc., Lallemand Inc., Lesaffre & Cie, and AngelYeast Co., Ltd., among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Amino Acids & Glutamates
5.1.2 Mineral Salts
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
5.2.6 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Cargill, Incorporated
6.3.2 Kerry Inc.
6.3.3 Lallemand Inc.
6.3.4 Lesaffre & Cie
6.3.5 Angel Yeast Co., Ltd.
6.3.6 Manuchar Mexico
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability