The Canada sodium reduction ingredient market size is anticipated to expand at a substantial CAGR of 6.8% during the forecast period, 2021–2028. 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.
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.
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Attributes
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Details
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Report Title
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Canada Sodium Reduction Ingredient Market – Canada Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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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)
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Country
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Canada
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Tate & Lyle PLC; Sensient Technologies Corporation; Kerry Group; Givaudan SA; Cargill, Inc.; Advanced Food Systems, Inc.; and Carbery Group Ltd.
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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.
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.
Segments
Segments Covered in the Report
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.
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