Canada Sodium Reduction Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.23 % |
| Market Concentration | Low |
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?
Canada Sodium Reduction Ingredients Market Analysis
The Canadian sodium reduction ingredients market is expected to register a CAGR of 7.23% over the forecast period, 2020 to 2025.
- Canadian food and beverage manufacturers are making progress in voluntarily reducing the amount of sodium in their food supplies, while maintaining product safety, taste, texture, and stability. As there continues to be challenges in reducing the sodium content, most Canadians opt for low-sodium foods, nowadays.
- The increasing demand from the processed food industry is expected to play a major role in the upcoming years. The key players in the savory snacks segment are also introducing new product variants with low sodium content.
Canada Sodium Reduction Ingredients Market Trends
This section covers the major market trends shaping the Canada Sodium Reduction Ingredients Market according to our research experts:
Government Initiatives on Healthy Eating Strategies
The Canadian government has undertaken certain health initiatives that enable the reduction of sodium across food supplies. In 2016, Health Canada introduced updates in nutrition labeling regulations, as a part of the healthy eating strategies that are inclusive of standardizing serving sizes, to help the consumers compare the nutritional facts of other similar products.
On the other hand, Health Canada introduced reduction levels, such as Phase III Targets, Maximum Levels, and Interim Targets, known as Phase I Targets and Phase II Targets, which were developed to encourage gradual reductions that would achieve consumer acceptance.
Bakery and Confectionery, along with Processed Foods, holds a Significant Market Share
The application of sodium reduction ingredients has witnessed a strong penetration across the processed food segment, followed by the bakery and confectionery segment. The growth
is in line with the increasing consumer preferences toward healthy foods, owing to the rising awareness of the harmful effects of consuming excessive salts.
Over the years, the food purchasing habits of Canadians have shifted from staple foods, used to prepare meals at home, to ready-to-eat processed foods. In Canada, processed food is the main contributor to the excess salt intake, accounting for 77% of the dietary sodium consumption.
Canada Sodium Reduction Ingredients Industry Overview
The Canadian sodium reduction ingredients market is highly competitive and fragmented. Some of the prominent manufacturers are Cargill, Givaudan, Ajinomoto, and Kerry Group, among others. Various manufacturers are engaged in developing new products to satisfy the growing demand for salt reduction in the meat industry and achieve market expansion.
Canada Sodium Reduction Ingredients Market Leaders
-
Cargill
-
Kerry Group
-
Ajinomoto
-
Givaudan
*Disclaimer: Major Players sorted in no particular order
Canada Sodium Reduction Ingredients Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 By Product Type
- 5.1.1 Amino Acids and Glutamates
- 5.1.2 Mineral Salts
- 5.1.3 Yeast Extracts
- 5.1.4 Other Product Types
-
5.2 By Application
- 5.2.1 Bakery and Confectionery
- 5.2.2 Condiments, Seasonings, and Sauces
- 5.2.3 Dairy and Frozen Foods
- 5.2.4 Meat and Meat Products
- 5.2.5 Snacks
- 5.2.6 Other Applications
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Position Analysis
-
6.4 Company Profiles
- 6.4.1 Advanced Food Systems Inc.
- 6.4.2 Carbery Group
- 6.4.3 Cargill Inc
- 6.4.4 Givaudan SA
- 6.4.5 Kerry Group
- 6.4.6 Tate & Lyle PLC
- 6.4.7 Sensient Technologies Corp
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Sodium Reduction Ingredients Industry Segmentation
The Canadian sodium reduction ingredients market is segmented by product type, into amino acids and glutamates, mineral salts, yeast extracts, and other product types. By application, the market is segmented into bakery and confectionery, condiments, seasonings and sauces, dairy and frozen foods, meat and meat products, snacks, and other applications.
| 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 | |
| Other Applications |
Canada Sodium Reduction Ingredients Market Research FAQs
What is the current Canada Sodium Reduction Ingredients Market size?
The Canada Sodium Reduction Ingredients Market is projected to register a CAGR of 7.23% during the forecast period (2024-2029)
Who are the key players in Canada Sodium Reduction Ingredients Market?
Cargill, Kerry Group, Ajinomoto and Givaudan are the major companies operating in the Canada Sodium Reduction Ingredients Market.
What years does this Canada Sodium Reduction Ingredients Market cover?
The report covers the Canada Sodium Reduction Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Sodium Reduction Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Sodium Reduction Ingredients Industry Report
Statistics for the 2024 Canada Sodium Reduction Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Sodium Reduction Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
