South America Sodium Reduction Ingredient Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.04 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Sodium Reduction Ingredient Market Analysis
South America sodium reduction ingredient market is anticipated to witness a CAGR of 9.04% during the forecast period (2020-2025).
- Growth in the packaged and processed food segments has led to increased consumption of sodium among the consumers. To reduce this high consumption and associated health risks, the manufacturers are developing products that are tasty and healthy, but with less sodium content.
- The market is mainly driven by the increase in the growth of the health consciousness of consumers in the region. The support of organizations and medical consultants including doctors and dieticians has also fueled market growth to an extent.
- The mineral salts segment holds a prominent share owing to the psychological swaying to taking precautions and opting for reduced-sodium ingredients.
- The yeast extracts are projected to show rapid growth due to the associated health benefits, mainly targeted by the preference for fermented products.
South America Sodium Reduction Ingredient Market Trends
This section covers the major market trends shaping the South America Sodium Reduction Agents Market according to our research experts:
The Hyping Awareness Regarding Less-Sodium Diets is Driving the Market
Sodium reduction ingredients make up an important segment of the food additives industry and are utilized for either reducing the salt content in food products or entirely replacing it. The prime role of these ingredients is to cut off the excessive intake of sodium that causes adverse health effects, hypertension being foremost among them. Stroke, heart failure, osteoporosis, stomach cancer, kidney disease, kidney stones, enlarged heart muscle, and headaches are also caused due to the higher sodium intake. Excess sodium can also be the cause of increased water retention that leads to puffiness, bloating and weight gain. Thus, in order to maintain a healthy lifestyle, the consumers in the region are shifting to reduced-sodium food products. Brazil had set up a salt reduction programme in 2007 which has had a successful impact on the country.
Brazil is Likely to Pose Opportunities for the SRI Market
The Brazilian Household Budget Survey 2008-2009 found that, on average, Brazilian adults consumed 12g of salt per day which is more than double the WHO recommendation of 5g per day and thus the related health issues were analyzed and the government stepped in to reduce the salt content in the daily diet of the Brazilians. A reduction was implied on the main source of salt in the Brazilian diet, salt and salt-based condiments, which make up more than three quarters (76%) of daily salt intake. Since 2007 Brazil's Ministry of Health has been working with the Brazilian Association of Food Industries to improve the nutritional profile of the food. The main focus was initially a reduction of trans-fatty acids but later, salt reduction also became a major target. In addition to reducing the salt content of processed foods, the Brazilian government aimed to reduce the excessive population salt intake by 2020 through the promotion of healthy eating and increased supply of healthy foods, formulating guidelines for nutritional labelling of food and education for consumers, industry and health professionals. Evaluation of products, in 2017, found that 94.9% of instant pasta brands, 97.7% of bread brands and 10% of bun brands have achieved the first sodium targets
South America Sodium Reduction Ingredient Industry Overview
Greater emphasis on health nutrition, growing knowledge in regard to the detrimental effects of excessive intake of salt, improvement in taste, and increased demand for processed foods are the main reasons that make the regional market for sodium-reduction ingredients, competitive. The manufacturers of the global-level are actively expanding their businesses geographically to launch their products in the potential market. Also, some major players are opting to go for mergers and acquisitions in order to capture the regional market. The innovation of products with versatile application properties is certainly what the manufacturers are aiming for. The snacks, dairy, and salt-based condiments possess a good opportunity for the SRI market in the region, in the near future.
South America Sodium Reduction Ingredient Market Leaders
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Tate & Lyle
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Kerry Inc.
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 Sensient Colors LLC
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Archer Daniels Midland Company
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Givaudan
*Disclaimer: Major Players sorted in no particular order
South America Sodium Reduction Ingredient Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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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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5.1.2.1 Potassium Chloride
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5.1.2.2 Magnesium Sulphate
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5.1.2.3 Potassium Lactate
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5.1.2.4 Calcium Chloride
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5.1.3 Yeast Extracts
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5.1.4 Others
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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 Country
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Tate & Lyle
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6.4.2 Kerry Inc.
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6.4.3 Sensient Colors LLC
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6.4.4 Archer Daniels Midland Company
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6.4.5 Givaudan
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6.4.6 Corbion NV
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6.4.7 Kudos Blends Limited
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Sodium Reduction Ingredient Industry Segmentation
South America sodium reduction ingredient market is segmented by product type into amino acids and glutamates, mineral salts, yeast extracts, and others. By application, the market is segmented as bakery and confectionery, seasonings and sauces, dairy and frozen foods, meat and meat products, snacks, and others. The ingredient market has also been classified by country into Brazil, Argentina, and the Rest of South America.
By Product Type | ||||||
Amino Acids and Glutamates | ||||||
| ||||||
Yeast Extracts | ||||||
Others |
By Application | |
Bakery and Confectionery | |
Condiments, Seasonings and Sauces | |
Dairy and Frozen Foods | |
Meat and Meat Products | |
Snacks | |
Others |
By Country | |
Brazil | |
Argentina | |
Rest of South America |
South America Sodium Reduction Ingredient Market Research FAQs
What is the current South America Sodium Reduction Agents Market size?
The South America Sodium Reduction Agents Market is projected to register a CAGR of 9.04% during the forecast period (2024-2029)
Who are the key players in South America Sodium Reduction Agents Market?
Tate & Lyle, Kerry Inc., Â Sensient Colors LLC, Archer Daniels Midland Company and Givaudan are the major companies operating in the South America Sodium Reduction Agents Market.
What years does this South America Sodium Reduction Agents Market cover?
The report covers the South America Sodium Reduction Agents Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Sodium Reduction Agents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Sodium Reduction Ingredient Industry Report
Statistics for the 2024 South America Sodium Reduction Ingredient market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. South America Sodium Reduction Ingredient analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.