South America Sodium Reduction Ingredient Market - Growth, Trends, and Forecast (2018 - 2023)

South America Sodium Reduction Ingredient Market - Growth, Trends, and Forecast (2018 - 2023)

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Market Insights

The South America sodium reduction ingredient market is expected to register a CAGR of 9%, during the forecast period of 2018 – 2023. The demand for these products in the region is likely to witness a rapid growth as countries, such as Brazil and Argentina with a large population of hypertensive individuals that have been advised to either cut down on or completely eliminate their sodium intake would be instrumental in propelling growth for SRI.

Market Dynamics

Versatility in its application has provided the requisite impetus to these health-promoting products.  By product type, South Americas market for mineral salts is the largest, while fastest growth in demand is expected to be posted by yeast extracts. Snacks and meat products corner the largest combined share of SRI in the region, which are also forecasted as the fastest growing application areas. 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.

 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.  By application, largest consumption of SRI has been observed in meats and meat products, followed by snacks, with these two areas also expected to grow fast.

Regional Analysis

Though the market share for SRI in South America is worlds’ smallest, accounting for an estimated share of only 10% in 2017, the region is slated to record an impressive CAGR of over 9%, during 2018-2023. Brazil dominates the South American market for SRI, with 52% market share in 2017.


Key Developments

  • January 2018 – Cargill has opened its first food grade potassium chloride operation plant to meet increasing consumer demand for lower sodium food options
  • January 2016 – ADM new sodium reduction ingredients for use in meat applications, after combining its flavor expertise and meat capabilities

Competitive Landscape

Major Players: ADM,  Angel Yeast Co. Ltd., Biospringer, Bunge Ltd, Cargill Inc, Danisco A/S, Kerry Group, Novozymes A/S, Ohly Americas, Purac Biochem BV, Royal DSM NV, Tate & Lyle Plc, among others.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  •  Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definitions

2. Research Approach and Methodology

                2.1 Introduction

                2.2 Research Design

                2.3 Study Timelines

                2.4 Study Phases

                                2.4.1 Secondary Research

                                2.4.2 Discussion Guide

                                2.4.3 Market Engineering & Econometric Modeling

                                2.4.4 Expert Validation

3. Key Findings of the Study

4. Market Overview

                4.1 Introduction

                4.2 Market Dynamics

                                4.2.1 Drivers

                                       Health & Wellness Campaigns Increasing Awareness amongst the Consumers

                                       Growing Demand from the Food Processing Industry

                                       Identification of New Flavor Enhancing Ingredients

                                4.2.2 Restraints

                                       Cost Implications and Ingredient Combinations

                                       Low Adoption Rate

                                4.2.3 Opportunities

                                       Stringent Regulatory Framework

                                       Innovation in Product Applications

                                       Growing Opportunities from Untapped Developing Markets

                                4.2.4 Porter's Five Forces Analysis

                                       Bargaining Power of Suppliers

                                       Bargaining Power of Buyers

                                       Threat of New Entrants

                                       Threat of Substitute Products and Services

                                       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

                                       Potassium Chloride

                                       Magnesium Sulphate

                                       Potassium Lactate

                                       Calcium Chloride

                                5.1.3 Yeast Extracts

                                5.1.4 Others

                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

                                5.2.5 Snacks

                                5.2.6 Others

                5.3 By Geography

                                5.3.1 South America



                                       Rest of South America

6. Competitive Landscape

                6.1 Most Adopted Market Strategies

                6.2 Most Active Companies

                6.3 Market Share Analysis

7. Company Profiles

                7.1 Biospringer

                7.2 Cargill Inc

                7.3 Kerry Group

                7.4 Novozymes A/S

                7.5 Royal DSM NV

                7.6 Bunge Ltd

                7.7 Tate & Lyle Plc.

                7.8 Purac Biochem BV

                7.9 Danisco A/S

                7.10 Angel Yeast Co. Ltd.

                7.11 Ohly Americas

                7.12 ADM

8. Appendix

                8.1 Abbreviations

                8.2 Disclaimer

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