While the United Kingdom is the second largest market for SRI in Europe after Germany, it is slated to be the fastest growing, with a CAGR of about 13% over 2016-2021. Yeast extracts are likely to register the fastest growth in consumption, though demand for mineral salts as SRI is anticipated to account for the largest share. In terms of application, snacks dominate the market for SRI in the UK, with an estimated 28% share in 2014, which is likely to continue in the future. However, faster growth in demand for SRI is expected to be witnessed by the meats and meat products industry during 2016-2021.
United Kingdom 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.
United Kingdom 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.