HYDERABAD, India, March 29, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the Sodium Reduction Ingredients Market. The report titled, "Global Sodium Reduction Ingredients Market - Growth, Trends and Forecast (2016-2021)" discusses the current landscape and outlook of the said market.
The market for sodium reduction ingredients was estimated at USD 625.7 million in 2015 and is projected to reach USD 1,294.3 million by 2021, at a compound annual growth rate (CAGR) of 11.2% during the forecast period from 2016 to 2021.
The sodium reduction ingredients (SRIs) market is one of the fastest-growing ingredient segments in the food & beverages industry. The market depends heavily on the technical capabilities of the food ingredient manufacturers to develop new requirement-based formulations. According to the industry estimations, the current global salt intake is over two times the recommended levels. A recent study by the Harvard School of Public health as well as the University of Cambridge proved that the sodium intake in 181 nations has exceeded the recommended levels of two grams per day.
Over 70.0% of sodium consumption is derived from the processed, pre-packaged, or restaurant foods. The market for processed food is quite large in the current scenario and so is the market for developing the technology and strategy for sodium reduction. Companies, such as Cargill, Novozymes, Danisco, Kerry Group, Givaudan, DSM, Corbion Purac, and others, are concentrating on health issues that result from the high intake of NaCl.
In the last few years, 75 countries have set up national salt reduction strategies, with a multifaceted approach, such as the taxation on high-salt foods, establishment of sodium content targets for food items, consumer education, front-of-pack labeling schemes, and interventions in public institutions. Regulatory actions pertaining to salt reduction, such as mandatory targets, content labeling, food procurement policies, and taxation, have been implemented in over 30 countries, wherein 12 countries have reported reduction in population salt intake.
- Drivers affecting the studied market:
- Health & Wellness campaigns that are spreading awareness among consumers
- Growing demand from the food processing industry
- Identification of new flavor enhancing ingredients
- Restraints affecting the studied market:
- High cost of reformulation
- Low adoption rate
- Opportunities in the studied market:
- Stringent regulatory frameworks
- Innovation in product applications
- Growing opportunities from the untapped developing markets
The report on the sodium reduction ingredients market is segmented on the basis of product type into: Amino Acids, Mineral Salts, Yeast Extracts, and Others.
Additionally, the report comprises 30 company profiles, covering all the geographies with major players, such as Cargill, Givaudan, Kerry Group, Danisco, DuPont, DSM, ADM (Wild Flavors Inc.), and Novozymes, among others.
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SOURCE Mordor Intelligence