Mordor reports on sodium reduction7 Apr 2016
Mordor Intelligence has announced the publication of its research report on the sodium reduction ingredients market: "Global Sodium Reduction Ingredients Market - Growth, Trends and Forecast (2016-2021)".
Mordor Intelligence has announced the publication of its research report on the sodium reduction ingredients market: "Global Sodium Reduction Ingredients Market - Growth, Trends and Forecast (2016-2021)".The market for sodium reduction ingredients was estimated at $625.7 million in 2015 and is projected to reach $1,294.3 million by 2021, at a compound annual growth rate (CAGR) of 11.2%.The sodium reduction ingredients (SRIs) market is one of the fastest-growing ingredient segments in the food and beverage industry, Mordor says. The market depends heavily on the technical capabilities of food ingredient manufacturers to develop new requirement-based formulations. According to industry estimations, current global salt intake is over two times 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, Mordor notes. 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. The report says that 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, and 12 countries have reported reduction in population salt intake.According to Mordor, drivers affecting the studied market include:+ Health and wellness campaigns that are spreading awareness among consumers+ Growing demand from the food processing industry+ Identification of new flavour enhancing ingredientsRestraints affecting the studied market include:+ High cost of reformulation+ Low adoption rateOpportunities in the studied market:+ Stringent regulatory frameworks+ Innovation in product applications+ Growing opportunities from the untapped developing marketsThe report on the sodium reduction ingredients market is segmented on the basis of product type into: amino acids, mineral salts, yeast extracts, and others.
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