Market Size of Africa Sodium Reduction Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.32 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Africa Sodium Reduction Ingredients Market Analysis
Africa Sodium Reduction Ingredients Market is projected to grow at a CAGR of 5.32% during the forecast period (2020 - 2025).
- Excessive intake of sodium leads to a number of adverse health effects, hypertension being the foremost among them. Alleviating these conditions, to some extent, has been possible through the use of SRI, such as mineral salts, amino acids, and yeast extracts. Versatility in the applications has provided the requisite impetus to these health-promoting products.
- Some of the major factors driving the demand for SRI include a greater emphasis on health and nutrition, growing knowledge about the detrimental effects of excessive salt intake, improvement in taste, and an increased demand for processed foods.
Africa Sodium Reduction Ingredients Industry Segmentation
The Africa sodium reduction ingredients market is segmented by product type and application. Based on product type, the market is segmented into amino acids and glutamates, mineral salts, yeast extracts, and other product types. Mineral salts are further sub-segmented into potassium chloride, magnesium sulphate, potassium lactate, and calcium chloride. Based on the application, the market is segmented into bakery and confectionery, condiments, seasonings, and sauces, dairy and frozen foods, meat and meat products, snacks, other applications. The study also involves the analysis of regions such as South Africa, Nigeria, Kenya, and the rest of Africa.
By Product Type | |
Amino Acids and Glutamates | |
Mineral Salts | |
Yeast Extracts | |
Other Product Types |
By Application | |
Bakery and Confectionery | |
Condiments, Seasonings and Sauces | |
Dairy and Frozen Foods | |
Meat and Meat Products | |
Snacks | |
Others |
By Geography | |
South Africa | |
Nigeria | |
Algeria | |
Rest of Africa |
Africa Sodium Reduction Ingredients Market Size Summary
The Africa Sodium Reduction Ingredients (SRI) market is experiencing growth driven by increasing health consciousness and awareness of the negative impacts of excessive sodium intake, such as hypertension. The market is characterized by the use of mineral salts, amino acids, and yeast extracts, which offer versatile applications and health benefits. Mineral salts, particularly potassium chloride, are favored due to their ability to mimic the taste of regular salt while reducing sodium content. These ingredients are extensively used in snacks, bakery, and meat products, providing a cost-effective solution for sodium reduction. The bakery and confectionery sector, in particular, has seen a rise in demand for fortified products that cater to health-conscious consumers, spurred by population growth, foreign influence, and changing dietary habits.
The sodium reduction market in Africa is consolidated, with key players like Kerry Group, Tate & Lyle, Cargill, and Givaudan holding significant market shares. These companies are actively pursuing strategies such as expansions and mergers and acquisitions with local food processing firms to enhance the penetration of SRIs in various food products. The focus on improving taste and the growing demand for processed foods further bolster the market's expansion. As consumers increasingly seek healthier food options, the SRI market is poised for continued growth, supported by the strategic initiatives of major industry players.
Africa Sodium Reduction Ingredients Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Amino Acids and Glutamates
-
2.1.2 Mineral Salts
-
2.1.3 Yeast Extracts
-
2.1.4 Other Product Types
-
-
2.2 By Application
-
2.2.1 Bakery and Confectionery
-
2.2.2 Condiments, Seasonings and Sauces
-
2.2.3 Dairy and Frozen Foods
-
2.2.4 Meat and Meat Products
-
2.2.5 Snacks
-
2.2.6 Others
-
-
2.3 By Geography
-
2.3.1 South Africa
-
2.3.2 Nigeria
-
2.3.3 Algeria
-
2.3.4 Rest of Africa
-
-
Africa Sodium Reduction Ingredients Market Size FAQs
What is the current Africa Sodium Reduction Ingredients Market size?
The Africa Sodium Reduction Ingredients Market is projected to register a CAGR of 5.32% during the forecast period (2024-2029)
Who are the key players in Africa Sodium Reduction Ingredients Market?
Cargill, Incorporated, Tate & Lyle PLC, AngelYeast Co., Ltd, Kerry Group and Givaudan are the major companies operating in the Africa Sodium Reduction Ingredients Market.