Africa Sodium Reduction Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.32 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Africa Sodium Reduction Ingredients Market Analysis
Africa Sodium Reduction Ingredients Market is projected to grow at a CAGR of 5.32% during the forecast period (2020 - 2025).
- Excessive intake of sodium leads to a number of adverse health effects, hypertension being the 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 the applications has provided the requisite impetus to these health-promoting products.
- Some of the major factors driving the demand for SRI include a greater emphasis on health and nutrition, growing knowledge about the detrimental effects of excessive salt intake, improvement in taste, and an increased demand for processed foods.
Africa Sodium Reduction Ingredients Market Trends
This section covers the major market trends shaping the Africa Sodium Reduction Ingredients Market according to our research experts:
Increased Utilization of Mineral Salts as Sodium Reduction Ingredients
Mineral salts, such as potassium chloride, magnesium sulphate, calcium chloride, potassium lactate, and so on, are widely used as SRIs, owing to their widespread availability and potential to replace normal salt in terms of functionalities and taste. Potassium chloride (KCL) is the most preferred SRI amongst mineral salts due to its similar taste profile as that of salt (NaCl). Additionally, KCL is used in combination with calcium and magnesium-based salts, as they impart bitter taste when they are used individually. Snacks, bakery, and meat are the major applications for mineral salts. The reduction of sodium through mineral salts approach is cost-effective as well as a feasible solution. H
Bakery and Confectionery is the Fastest Growing Segment
The bakery and confectionery segment witnessed a growing trend over the past few years, mostly in relation to high nutrient value and affordability, and as items of huge consumption. A rapid increase in the population, rising foreign influence, and fluctuating eating habits of the people have significantly contributed to the growth trajectory of the bakery industry. With regard to bakery products, consumers are demanding newer options, and the industry has been experiencing fortification of bakery products, inclusive of SRI, in order to satiate the burgeoning appetite of health-conscious consumers.
Africa Sodium Reduction Ingredients Industry Overview
The sodium reduction market in Africa is consolidated, and the key players in the industry hold a significant share of the market. The major players operating in the segment are Kerry Group, Tate & Lyle, Cargill, and Givaudan, among others. The major players are focusing on strategies, such as expansions and mergers and acquisitions with domestic food processing companies, to facilitate SRI penetration across food products.
Africa Sodium Reduction Ingredients Market Leaders
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Cargill, Incorporated
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Tate & Lyle PLC
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AngelYeast Co., Ltd
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Kerry Group
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Givaudan
*Disclaimer: Major Players sorted in no particular order
Africa Sodium Reduction Ingredients Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Amino Acids and Glutamates
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5.1.2 Mineral Salts
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5.1.3 Yeast Extracts
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5.1.4 Other Product Types
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5.2 By Application
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5.2.1 Bakery and Confectionery
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5.2.2 Condiments, Seasonings and Sauces
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5.2.3 Dairy and Frozen Foods
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5.2.4 Meat and Meat Products
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5.2.5 Snacks
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5.2.6 Others
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5.3 By Geography
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5.3.1 South Africa
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5.3.2 Nigeria
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5.3.3 Algeria
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5.3.4 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Kerry Group
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6.3.2 Koninklijke DSM N.V.
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6.3.3 Tate & Lyle PLC
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6.3.4 Cargill, Incorporated
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6.3.5 AngelYeast Co., Ltd
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6.3.6 Givaudan
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Sodium Reduction Ingredients Industry Segmentation
The Africa sodium reduction ingredients market is segmented by product type and application. Based on product type, the market is segmented into amino acids and glutamates, mineral salts, yeast extracts, and other product types. Mineral salts are further sub-segmented into potassium chloride, magnesium sulphate, potassium lactate, and calcium chloride. Based on the application, the market is segmented into bakery and confectionery, condiments, seasonings, and sauces, dairy and frozen foods, meat and meat products, snacks, other applications. The study also involves the analysis of regions such as South Africa, Nigeria, Kenya, and the rest of Africa.
| By Product Type | |
| Amino Acids and Glutamates | |
| Mineral Salts | |
| Yeast Extracts | |
| Other Product Types |
| By Application | |
| Bakery and Confectionery | |
| Condiments, Seasonings and Sauces | |
| Dairy and Frozen Foods | |
| Meat and Meat Products | |
| Snacks | |
| Others |
| By Geography | |
| South Africa | |
| Nigeria | |
| Algeria | |
| Rest of Africa |
Africa Sodium Reduction Ingredients Market Research FAQs
What is the current Africa Sodium Reduction Ingredients Market size?
The Africa Sodium Reduction Ingredients Market is projected to register a CAGR of 5.32% during the forecast period (2024-2029)
Who are the key players in Africa Sodium Reduction Ingredients Market?
Cargill, Incorporated, Tate & Lyle PLC, AngelYeast Co., Ltd, Kerry Group and Givaudan are the major companies operating in the Africa Sodium Reduction Ingredients Market.
What years does this Africa Sodium Reduction Ingredients Market cover?
The report covers the Africa Sodium Reduction Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Sodium Reduction Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Sodium Reduction Ingredients Industry Report
Statistics for the 2024 Africa Sodium Reduction Ingredients market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Africa Sodium Reduction Ingredients analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
