Report Description
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.
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
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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.
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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.
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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.
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Lack of customer commitment to food flavor, high cost of these substances are anticipated to impede the market growth.
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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
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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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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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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
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.
Table Of Content
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.