The sodium reduction ingredient (SRI) market in North America is the largest in the world, with an estimated share of nearly 45% in 2017. Though mineral salts corner the largest share of sodium reduction ingredients in terms of product type, the fastest growth in demand is likely to be registered by yeast extracts. By application area, snacks and meat products account for the largest share in terms of utilizing SRI.
The United States is the largest region for sodium reduction ingredient market in North America, though fastest demand in growth is expected to be recorded by Mexico.
Excessive intake of sodium leads to some adverse health effects, hypertension being foremost among them. Alleviating these conditions to some extent has been possible through the use of sodium reduction ingredient, 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 about the detrimental effects of excessive intake of salt, improvement in taste, and increased demand for processed foods.
The North American sodium reduction ingredient market is segmented by type into amino acids and glutamates, mineral salts, yeast extracts and others. By application, it is segmented into bakery & confectionery, condiments, seasonings and sauces, dairy and frozen foods, meat & meat products, and other snacks.
- May 2017: Amyris Inc, the industrial bioscience company, and Royal DSM announced their agreement for DSM to make an equity investment in Amyris.
The major players include Angel Yeast Co., Ltd., Biospringer, Bunge Ltd., Cargill Inc, Dr. Paul Lohmann GmbH KG, Danisco A/S, Givaudan SA, Kerry Group, Kudos Blends, Novozymes A/S, Purac Biochem BV, RS Flavor Ingredients, Royal DSM NV, Savory Systems International, Inc., Sensient Technologies Corp., Tate & Lyle PLC, and Wild Flavors, Inc., among others.
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- Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
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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 Timeline
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Overview
4.2 Market Dynamics
220.127.116.11 Health & Wellness Campaigns Increasing Awareness among Consumers
18.104.22.168 Growing Demand from the Food Processing Industry
22.214.171.124 Identification of New Flavor Enhancing Ingredients
126.96.36.199 Cost Implications and Ingredient Combinations
188.8.131.52 Low Adoption Rate
184.108.40.206 Stringent Regulatory Framework
220.127.116.11 Innovation in Product Applications
4.2.4 Porter's Five Forces Analysis
18.104.22.168 Bargaining Power of Suppliers
22.214.171.124 Bargaining Power of Buyers
126.96.36.199 Threat of New Entrants
188.8.131.52 Threat of Substitute Products and Services
184.108.40.206 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
220.127.116.11 Potassium Chloride
18.104.22.168 Magnesium Sulphate
22.214.171.124 Potassium Lactate
126.96.36.199 Calcium Chloride
5.1.3 Yeast Extracts
5.2 By Application
5.2.1 Bakery & Confectionery
5.2.2 Condiments, Seasonings, and Sauces
5.2.3 Dairy and Frozen Foods
5.2.4 Meat & Meat Products
5.3 By Geography
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
6. Policies and 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 Angel Yeast Co. Ltd.
8.3 Bunge Ltd.
8.4 Cargill Inc.
8.5 Dr. Paul Lohmann GmbH KG
8.6 Danisco A/S
8.7 Givaudan SA
8.8 Kerry Group
8.9 Kudos Blends
8.10 Novozymes A/S
8.11 Purac Biochem BV
8.12 RS Flavor Ingredients
8.13 Royal DSM NV
8.15 Savory Systems International, Inc.
8.16 Sensient Technologies Corp.
8.17 Tate & Lyle PLC
8.18 Wild Flavors Inc.
*List not Exhaustive
9.1 Secondary Sources