Russia Sodium Reduction Ingredients (SRI) Market - Growth, Trends and Forecasts (2016 - 2021)
As the Russian food industry is growing and so is the salt intake. The government is keen on reducing sodium ingredients which create huge opportunities in the market. Russia is projected to grow at a CAGR of about XX% over 2016-2021. Yeast extracts are likely to register the fastest growth in consumption during the aforementioned period, though demand for mineral salts as SRI is anticipated to account for the largest share. In terms of application, snacks dominate the market for SRI in Russia with an estimated 25% share in 2014, which is likely to continue in the future. However, faster growth in demand for SRI is expected to be witnessed by meats and meat products industry during 2016-2021.
Russia SRI Market Dynamics
Excessive intake of sodium leads to a number of adverse health effects, hypertension being 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 its application has provided the requisite impetus to these health promoting products.
Some of the major factors driving demand for SRI include the greater emphasis on health nutrition, the growing knowledge with regard to the detrimental effects of excessive intake of salt, improvement in taste and increased demand for processed foods.
Russia SRI Market Segmentation
The SRI market is segmented by type into amino acids & glutamates, mineral salts, yeast extracts and others. By application, it is segmented into bakery & confectionery, condiments, seasonings & sauces, dairy & frozen foods, meat & meat products and other snacks.
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