Sodium reduction ingredients (SRIs) are used to reduce the sodium content in the food products. SRIs is one of the fastest growing ingredients segments in the food industry. Increasing rationalism among consumers regarding the sodium intake coupled with consistent efforts from the government regulatory bodies to cut down sodium in the processed foods based on yearly targets is fuelling the growth of this market. Furthermore, voluntary commitments by the global food manufacturers such as ConAgra foods Inc., (U.S.), Nestle S.A (Switzerland), Pepsi Co. (U.S.) to reduce sodium content in their offerings provides imputes to the market growth. However, lack of single standard approach to reduce sodium and cost of SRIs as compared to salt are some of the factors that hinder the growth of this market.
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The global SRIs market has been analyzed with respect to different parameters such as demand, supply, end-users, providers of SRIs and manufacturers of low sodium food products. SRIs market encompasses several types of ingredients which differ in taste, cost, extent of salt replacement and other functional characteristics. On the basis of ingredients, the report is segmented into mineral salts, yeast extracts, amino acids and glutamates and others. Mineral salts are mostly preferred by the food product manufacturers due to their wide availability, lower cost and their potential to replace common salt (NaCl). Sodium reduction solutions are provided in the form of ingredient blends so as to meet the flavor and functional requirements of the food industry.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. North America is the dominant market which held close to half of the share in 2014, whereas Europe is the fastest growing market for SRIs which is driven by the regional wise standard sodium reduction framework and active involvement of member countries to regulate the sodium levels in the food products. Driven by the Government emphasis on salt intake and recommendations from the health institutes in developed as well as developing nations, the global SRIs market is estimated to reach $1,246.7m mark by 2020 at a CAGR of 12.2%.
Meat and bakery are the largest end-use applications for SRIs as they contain high sodium levels coupled with government restrictions on these specific industries.
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SRIs market is dominated by five major companies, namely:
All of these companies together held a major market share in 2014. These companies have significant presence in the SRIs market with wide product mix and considerable brand image.
Other major players in this market include:
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