Market Size of South America Sodium Reduction Agents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.04 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Sodium Reduction Ingredient Market Analysis
South America sodium reduction ingredient market is anticipated to witness a CAGR of 9.04% during the forecast period (2020-2025).
- Growth in the packaged and processed food segments has led to increased consumption of sodium among the consumers. To reduce this high consumption and associated health risks, the manufacturers are developing products that are tasty and healthy, but with less sodium content.
- The market is mainly driven by the increase in the growth of the health consciousness of consumers in the region. The support of organizations and medical consultants including doctors and dieticians has also fueled market growth to an extent.
- The mineral salts segment holds a prominent share owing to the psychological swaying to taking precautions and opting for reduced-sodium ingredients.
- The yeast extracts are projected to show rapid growth due to the associated health benefits, mainly targeted by the preference for fermented products.
South America Sodium Reduction Ingredient Industry Segmentation
South America sodium reduction ingredient market is segmented by product type into amino acids and glutamates, mineral salts, yeast extracts, and others. By application, the market is segmented as bakery and confectionery, seasonings and sauces, dairy and frozen foods, meat and meat products, snacks, and others. The ingredient market has also been classified by country into Brazil, Argentina, and the Rest of South America.
| By Product Type | ||||||
| Amino Acids and Glutamates | ||||||
| ||||||
| Yeast Extracts | ||||||
| Others |
| By Application | |
| Bakery and Confectionery | |
| Condiments, Seasonings and Sauces | |
| Dairy and Frozen Foods | |
| Meat and Meat Products | |
| Snacks | |
| Others |
| By Country | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Sodium Reduction Agents Market Size Summary
The South American sodium reduction ingredient market is experiencing significant growth, driven by increasing health consciousness among consumers and the rising demand for healthier food options. As the consumption of sodium in packaged and processed foods continues to rise, manufacturers are focusing on developing products that maintain taste while reducing sodium content. This shift is supported by health organizations and professionals, including doctors and dieticians, who advocate for reduced sodium intake to mitigate health risks such as hypertension and other related conditions. The market is characterized by a strong emphasis on mineral salts and yeast extracts, with the latter expected to grow rapidly due to their health benefits and popularity in fermented products.
The market's expansion is further bolstered by government initiatives, particularly in Brazil, where a salt reduction program has been in place since 2007. This program aims to lower the salt intake of the population by reducing salt content in processed foods and promoting healthy eating habits. The Brazilian government's efforts, in collaboration with the Brazilian Association of Food Industries, have focused on improving the nutritional profile of foods, initially targeting trans-fatty acids and later expanding to salt reduction. The competitive landscape of the sodium reduction ingredient market in South America is marked by global manufacturers expanding their presence and engaging in mergers and acquisitions to capture market share. The demand for sodium reduction ingredients is expected to grow, particularly in the snacks, dairy, and salt-based condiment sectors, as consumers increasingly seek healthier food alternatives.
South America Sodium Reduction Agents Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Amino Acids and Glutamates
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2.1.2 Mineral Salts
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2.1.2.1 Potassium Chloride
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2.1.2.2 Magnesium Sulphate
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2.1.2.3 Potassium Lactate
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2.1.2.4 Calcium Chloride
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2.1.3 Yeast Extracts
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2.1.4 Others
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2.2 By Application
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2.2.1 Bakery and Confectionery
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2.2.2 Condiments, Seasonings and Sauces
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2.2.3 Dairy and Frozen Foods
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2.2.4 Meat and Meat Products
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2.2.5 Snacks
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2.2.6 Others
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2.3 By Country
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Rest of South America
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South America Sodium Reduction Agents Market Size FAQs
What is the current South America Sodium Reduction Agents Market size?
The South America Sodium Reduction Agents Market is projected to register a CAGR of 9.04% during the forecast period (2024-2029)
Who are the key players in South America Sodium Reduction Agents Market?
Tate & Lyle, Kerry Inc., Sensient Colors LLC, Archer Daniels Midland Company and Givaudan are the major companies operating in the South America Sodium Reduction Agents Market.
