The SRI market in North America is the largest in the world, with an estimated share of nearly 45% in 2014. Though mineral salts corner the largest share of SRI 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 constitutes the largest region for SRI in North America, though fastest demand in growth for the same is expected to be recorded by Mexico.
North America 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.
North America 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.