Market Size of Brazil Sodium Reduction Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.78 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Brazil Sodium Reduction Ingredients Market Analysis
Brazil Sodium Reduction Ingredient Market is projected to reach a CAGR of 3.78% during the forecast period 2020-2025.
- Growth in the food industry, especially the packaged and processed food segments, increases the consumption of sodium, among the consumers in Brazil. To reduce this high consumption, the manufacturers are making products that are tasty and healthy, but with less sodium content.
- The demand for these products in the region is likely to witness rapid growth as countries, such as Brazil and Argentina with a large population of hypertensive individuals that have been advised to either cut down on or completely eliminate their sodium intake would be instrumental in propelling growth for SRI.
Brazil Sodium Reduction Ingredients Industry Segmentation
Brazil sodium reduction ingredients market is segmented by product type and application. On the basis of product type, the market is segmented into Amino Acids & Glutamates, Mineral Salts, Yeast Extracts, and Others. On the basis of application, the market is segmented into Bakery & Confectionery, Condiments, Seasonings & Sauces, Dairy & Frozen Foods, Meat & Meat Products, Snacks, Others.
By Product Type | |
Amino Acids & Glutamates | |
Mineral Salts | |
Yeast Extracts | |
Others |
By Application | |
Bakery & Confectionery | |
Condiments, Seasonings & Sauces | |
Dairy & Frozen Foods | |
Meat & Seafood Products | |
Snacks and Savoury Products | |
Others |
Brazil Sodium Reduction Ingredients Market Size Summary
The Brazil Sodium Reduction Ingredients (SRI) market is experiencing a notable expansion, driven by the increasing demand for healthier food options within the packaged and processed food sectors. As sodium consumption rises, particularly among populations with high rates of hypertension, manufacturers are innovating to create products that maintain taste while reducing sodium content. This trend is further supported by the young demographic in Brazil, who are increasingly prioritizing health-conscious choices in their diets. The market is also benefiting from the use of mineral salts like potassium chloride and magnesium sulfate, which serve as effective substitutes for traditional salt, helping to mitigate sodium intake without compromising flavor.
The market's growth is further bolstered by the efforts of key industry players such as Givaudan SA, Tate & Lyle Plc, and Biospringer, who are developing tailored solutions to meet the specific needs of food manufacturers and health-conscious consumers. These companies are instrumental in enhancing the global presence and acceptance of sodium reduction ingredients, as they continue to innovate and provide alternatives that align with health guidelines. The emphasis on low-sodium foods and the promotion of salt substitutes are contributing to a shift in consumer habits, positioning the SRI market in Brazil for sustained growth in the coming years.
Brazil Sodium Reduction Ingredients 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 & Glutamates
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2.1.2 Mineral Salts
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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 & Confectionery
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2.2.2 Condiments, Seasonings & Sauces
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2.2.3 Dairy & Frozen Foods
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2.2.4 Meat & Seafood Products
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2.2.5 Snacks and Savoury Products
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2.2.6 Others
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Brazil Sodium Reduction Ingredients Market Size FAQs
What is the current Brazil Sodium Reduction Ingredients Market size?
The Brazil Sodium Reduction Ingredients Market is projected to register a CAGR of 3.78% during the forecast period (2024-2029)
Who are the key players in Brazil Sodium Reduction Ingredients Market?
Givaudan SA, Tate & Lyle Plc, Biospringer and Kerry Group plc are the major companies operating in the Brazil Sodium Reduction Ingredients Market.