South America sodium reduction ingredient market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to health and nutritional benefits across the world. Sodium is a vital mineral for human life which maintains the acid-base level, regulates the fluid in human body and also aids in nerve and muscle to function properly.
The primary character of these ingredients is to cease the excessive intake of sodium that causes adverse health effects such as hypertension, heart failure, stroke, osteoporosis, kidney disease, stomach cancer, enlarged heart muscle, kidney stones and headaches owing to the high sodium intake. Excess sodium can also be the cause of increased water retention that leads to puffiness, weight gain and bloating. Therefore, in order to maintain a healthy lifestyle, the consumers in the region are shifting to reduced-sodium food products.
Presently, processed food manufacturers are focusing on new sodium reducing agent formulations which reduce the salt content in food products without compromising with the taste of the product. Additionally, the development in food processing and fermentation technologies have aided to offer variety of sodium reducing products in the market.
The Covid-19 pandemic had an unpleasant impact on the sodium reduction ingredient market. The oscillating production and supply of sodium reduction ingredient has leaded the market to suffer significant loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- The increasing consumer awareness and changing demand towards healthy and nutritious food product is estimated to dive the South America sodium reduction ingredient market during the forecast period.
- Increasing number of patients suffering from hypertension and cardiovascular diseases are the crucial factors boosting the demand for sodium reducing agents.
- Awareness about the harmful effects of sodium on human health by government bodies, which in turn is expected to fuel the growth of the sodium reducing agents market in coming years.
- R&D investment and technological advancement in South America sodium reduction ingredient market are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the South America 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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Sodium Reduction Ingredient Market - South America 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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Product Type (Amino Acids and Glutamates, Mineral Salts, Yeast Extracts, and Others), Application (Bakery and Confectionery, Condiments, Seasonings and Sauces, Dairy and Frozen Foods, Meat and Meat Products, Snacks and Others)
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Geography
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Brazil, Argentina and Rest of South America
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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, Kerry Inc., Archer Daniels Midland Company and Givaudan
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Market Segment insights
The mineral salts segment is projected to constitute a large market share
Based on product type, the South America sodium reduction ingredient market is segregated into amino acids and glutamates, mineral salts, yeast extracts, and others. The minerals salts segment is expected to account for a key share of the market during the forecast period owing to the psychological oscillating to taking precautions and opting for reduced-sodium ingredients. However, the yeast extracts segment is anticipated to expand at a rapid pace during the forecast period owing to associated health benefits, mainly targeted by the preference for fermented products.
Bakery and confectionery segment is expected to register a substantial CAGR
Based on application, the South America sodium reduction ingredient market is divided into bakery and confectionery, condiments, seasonings and sauces, dairy and frozen foods, meat and meat products, snacks and others. The bakery and confectionery segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to it being heavily influenced by some of the leading trends in the food industry and customers nowadays are keen to healthy foods; thereby to meet the demand of consumers manufacturers are focusing on producing refined sodium reduction ingredient.
Brazil is expected to dominate the market
In terms of geography, the market is broadly classified into Brazil, Argentina and Rest of South America. The market in Brazil is anticipated to expand at a robust CAGR during the forecast period. Reduction was insinuated on the main source of salt in the Brazilian diet, salt and salt-based condiments, which make up more than three quarters of daily salt intake and is anticipated to boost the market growth over the coming years. Furthermore, to reduce the salt content of processed foods, the Brazilian government focused 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 labeling of food and education for consumers, industry and health professionals.
Segments
Segments Covered in the Report
The South America sodium reduction ingredient market has been segmented on the basis of:-
Product Type
- Amino Acids and Glutamates
- Mineral Salts
- Yeast Extracts
- Others
Application
- Bakery and Confectionery
- Condiments
- Seasonings and Sauces
- Dairy and Frozen Foods
- Meat and Meat Products
- Snacks
- Others
Geography
- Brazil
- Argentina
- Rest of South America
Key Companies
- Tate & Lyle
- Kerry Inc.
- Sensient Colors LLC
- Archer Daniels Midland Company
- Givaudan
Competitive Landscape
Key players competing in the South America sodium reduction ingredient market include Tate & Lyle, Kerry Inc., Archer Daniels Midland Company and Givaudan.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
