Canada Sodium Reduction Ingredient Market

Canada Sodium Reduction Ingredient Market

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The Canada sodium reduction ingredient market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 7.23% during 2023 – 2031. The growth of the market is attributed to the help in the retention of water, the maintenance of blood pressure, and the provision of appropriate fluid outside the cells without raising the body's sodium level, all of which promote productivity growth.

Canada Sodium Reduction Ingredient Market Outlook

Sodium is a necessary nutrient that aids in the proper functioning of the human body. Sodium is required for the proper functioning of the human body. On the other hand, excess salt consumption leads to hypertension and cardiovascular diseases. Several sodium-reducing substances are added to foods to lower excess sodium levels in the body. They contain almost the same flavor and nutritional advantages as salt and are widely used in the food and beverage sector, which is expected  to boost market growth.

Excess salt in food is known to cause serious health problems, according to the World Health Organization (WHO). Sodium-reducing substances are an important aspect of the food additives market since they are responsible for either replacing sodium or lowering the salt content of food items. According to several studies, Americans and Canadians ingest around 3,00 mg of salt per day, which is one of the primary causes of many chronic ailments in this region.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising consumer preferences for healthy meals as a result of increased awareness of the adverse effects of ingesting excessive salts in the body is projected to boost the market growth during the forecast period.

  • Customers' rising desire for processed foods (which contain more salt than any other food items) is expected to spur the market expansion in the coming years.

  • Government and private industry action to raise public awareness about the detrimental effects of excessive sodium consumption is a key factor propelling the market growth during the forecast period.

  • Lack of customer commitment to food flavor, high cost of these substances are anticipated to impede the market growth.

  • Consumer consumption trends are shifting towards healthier, more nutritious foods, indicating increasing product penetration and purchasing power are estimated to create lucrative opportunities for the market players.

Scope of the Report

The report on the Canada sodium reduction ingredient market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Canada Sodium Reduction Ingredient Market – Canada Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

By Product Types (Amino Acids and Glutamates, Yeast Extracts, Mineral Salts, and Others), and Applications (Seasonings and Sauces, Bakery and Confectionery, Snacks, Dairy and Frozen Foods, Condiments, Meat, and Meat Products, and Others)

Country

Canada

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Tate & Lyle PLC; Sensient Technologies Corporation; Kerry Group; Givaudan SA; Cargill, Inc.; Advanced Food Systems, Inc.; and Carbery Group Ltd.

Canada Sodium Reduction Ingredient Market Segment Insights

Mineral salts segment is projected to hold a large market share

Based on product types, the Canada sodium reduction ingredient market is segmented into amino acids and glutamates, yeast extracts, mineral salts, and others. The mineral salts segment is expected to represent a key share of the market during the forecast period due to features such as easy availability, strong functional advantages, and a reasonable price when compared to other constituents.

Canada Sodium Reduction Ingredient Market Type

Bakery and confectionery segment is expected to expand at a rapid pace

On the basis of applications, the market is segregated into seasonings and sauces, bakery and confectionery, snacks, dairy and frozen foods, condiments, meat, and meat products, and others. The bakery and confectionery segment is expected to account for a key share of the market in the coming years owing to the rise is in line with expanding consumer preferences for healthier foods, as people become more aware of the dangers of ingesting too much salt.

Canada-based people’s food shopping patterns have moved through time from staple ingredients needed to create home meals to ready-to-eat processed items. Processed food, which accounts for 75% of dietary sodium consumption in Canada, is the leading cause of excessive salt consumption.

Canada Sodium Reduction Ingredient Market Application

Segments

The Canada sodium reduction ingredient market has been segmented based on

Product Types

  • Amino Acids and Glutamates
  • Yeast Extracts
  • Mineral Salts
  • Others

Applications

  • Seasonings and Sauces
  • Bakery and Confectionery
  • Snacks
  • Dairy and Frozen Foods
  • Condiments
  • Meat and Meat Products
  • Others

Key Players

  • Tate & Lyle PLC
  • Sensient Technologies Corporation
  • Kerry Group PLC
  • Givaudan SA
  • Cargill, Inc.
  • Advanced Food Systems, Inc.
  • Carbery Group Ltd.

Competitive Landscape

Key players competing in the Canada sodium reduction ingredient market are Tate & Lyle PLC; Sensient Technologies Corporation; Kerry Group; Givaudan SA; Cargill, Inc.; Advanced Food Systems, Inc.; and Carbery Group Ltd. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.

Canada Sodium Reduction Ingredient Market Keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sodium Reduction Ingredient Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sodium Reduction Ingredient Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sodium Reduction Ingredient Market - Supply Chain
  4.5. Global Sodium Reduction Ingredient Market Forecast
     4.5.1. Sodium Reduction Ingredient Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sodium Reduction Ingredient Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sodium Reduction Ingredient Market Absolute $ Opportunity
5. Global Sodium Reduction Ingredient Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Sodium Reduction Ingredient Market Size and Volume Forecast by Types
     5.3.1. Amino Acids and Glutamates
     5.3.2. Yeast Extracts
     5.3.3. Mineral Salts
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Sodium Reduction Ingredient Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Sodium Reduction Ingredient Market Size and Volume Forecast by Applications
     6.3.1. Seasonings and Sauces
     6.3.2. Bakery and Confectionery
     6.3.3. Snacks
     6.3.4. Dairy and Frozen Foods
     6.3.5. Condiments
     6.3.6. Meat and Meat Products
     6.3.7. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Sodium Reduction Ingredient Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Sodium Reduction Ingredient Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
8. North America Sodium Reduction Ingredient Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Sodium Reduction Ingredient Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Sodium Reduction Ingredient Market Size and Volume Forecast by Types
     8.4.1. Amino Acids and Glutamates
     8.4.2. Yeast Extracts
     8.4.3. Mineral Salts
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Sodium Reduction Ingredient Market Size and Volume Forecast by Applications
     8.7.1. Seasonings and Sauces
     8.7.2. Bakery and Confectionery
     8.7.3. Snacks
     8.7.4. Dairy and Frozen Foods
     8.7.5. Condiments
     8.7.6. Meat and Meat Products
     8.7.7. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
9. Latin America Sodium Reduction Ingredient Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Sodium Reduction Ingredient Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Sodium Reduction Ingredient Market Size and Volume Forecast by Types
     9.4.1. Amino Acids and Glutamates
     9.4.2. Yeast Extracts
     9.4.3. Mineral Salts
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Sodium Reduction Ingredient Market Size and Volume Forecast by Applications
     9.7.1. Seasonings and Sauces
     9.7.2. Bakery and Confectionery
     9.7.3. Snacks
     9.7.4. Dairy and Frozen Foods
     9.7.5. Condiments
     9.7.6. Meat and Meat Products
     9.7.7. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
10. Europe Sodium Reduction Ingredient Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Sodium Reduction Ingredient Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Sodium Reduction Ingredient Market Size and Volume Forecast by Types
     10.4.1. Amino Acids and Glutamates
     10.4.2. Yeast Extracts
     10.4.3. Mineral Salts
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Sodium Reduction Ingredient Market Size and Volume Forecast by Applications
     10.7.1. Seasonings and Sauces
     10.7.2. Bakery and Confectionery
     10.7.3. Snacks
     10.7.4. Dairy and Frozen Foods
     10.7.5. Condiments
     10.7.6. Meat and Meat Products
     10.7.7. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
11. Asia Pacific Sodium Reduction Ingredient Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Sodium Reduction Ingredient Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Sodium Reduction Ingredient Market Size and Volume Forecast by Types
     11.4.1. Amino Acids and Glutamates
     11.4.2. Yeast Extracts
     11.4.3. Mineral Salts
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Sodium Reduction Ingredient Market Size and Volume Forecast by Applications
     11.7.1. Seasonings and Sauces
     11.7.2. Bakery and Confectionery
     11.7.3. Snacks
     11.7.4. Dairy and Frozen Foods
     11.7.5. Condiments
     11.7.6. Meat and Meat Products
     11.7.7. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
12. Middle East & Africa Sodium Reduction Ingredient Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Sodium Reduction Ingredient Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Sodium Reduction Ingredient Market Size and Volume Forecast by Types
     12.4.1. Amino Acids and Glutamates
     12.4.2. Yeast Extracts
     12.4.3. Mineral Salts
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Sodium Reduction Ingredient Market Size and Volume Forecast by Applications
     12.7.1. Seasonings and Sauces
     12.7.2. Bakery and Confectionery
     12.7.3. Snacks
     12.7.4. Dairy and Frozen Foods
     12.7.5. Condiments
     12.7.6. Meat and Meat Products
     12.7.7. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Sodium Reduction Ingredient Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Sodium Reduction Ingredient Market: Market Share Analysis
  13.2. Sodium Reduction Ingredient Distributors and Customers
  13.3. Sodium Reduction Ingredient Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Tate & Lyle PLC
     13.4.2. Sensient Technologies Corporation
     13.4.3. Kerry Group PLC
     13.4.4. Givaudan SA
     13.4.5. Cargill, Inc.
     13.4.6. Advanced Food Systems, Inc.
     13.4.7. Carbery Group Ltd.

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