Savory Ingredients Market Scenario

Savory Ingredients Market are flavor enhancers which alter the flavors of food items which is used as an additive in food processing to improve the quality and shelf life of food products. It is used as a food additive which helps in enhancing the aroma, delicious and authentic taste to food products. The major types of savory ingredients are yeast extract, starch, protein, monosodium glutamate, nucleotides, and others. it is also used in the food industry(soups, dips, meat & seafood, instant noodles & sauces, bakery products, and savory snacks) due to increasing in demand of ready-to-cook and ready-to-eat food products and changing consumption pattern.

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Key Players

Some of the key players profiled in The Global Savory Ingredients Market: Koninklijke DSM N.V. (Netherlands), Ajinomoto Co. Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (UK), Givaudan S.A. (Switzerland), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Vedan International (Holdings) Limited (Hong Kong), AngelYeast Co. Ltd. (China) and among others.

Market Scenario

Savory Ingredients Market are used in food & beverages and pet industry for several purposes, such as enhance flavors, aroma, and taste of the products. It provides appealing texture and maintains product quality. These ingredients give a natural aromatic flavor and are mostly used in the production of instant food, meat products, nutritional food, and seasonings. Moreover, these ingredients is cost-effective, due to which many food processing industries is using them as a stabilizer, emulsifier, thickening agent and others in food products which is also expected to fuel savory ingredients market growth.

Key Findings

Increased demad in processed food and culinary products is projected to experience a high demand from North America and Europe
Increasing demand for high-quality food products and changing consumption pattern increase the demand for natural flavors, such as Umami are the major driving factor for this market.
Market Segments

The Global Savory Ingredients Market is segmented into type, source, function, and application.

Based on type, savory ingredients market is segmented into yeast extract, starch, protein, monosodium glutamate, nucleotides and others. Among all, the monosodium glutamate segment will witness exponential growth rate during the forecast period, as it acts as a thickening and stabilizing agent in food products.

Based on source, savory ingredients market is segmented into natural and synthetic. Among all, natural source segment holds the major market share, due to health consciousness among consumers.

Based on application, it is segmented into food and feed. Among all, the food segment dominates the market followed by feed industries owning to its high application as a food texture enhancer.

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Regional Analysis

North America will witness maximum growth in the Savory Ingredients market followed by Europe. In terms of value, the market size of North America will continue to be high with more than half of the market share. The increasing per capita disposable income in India and China and growing demand for ready-to-cook and ready-to-eat food products will drive the demand for savory Ingredients.

Furthermore, changing lifestyle and shifting food consumption pattern in countries like China and India will propel the growth of savory ingredients in the Asia Pacific. High volume consumption of sauces and noodles in Asia Pacific region is expected to grow the fastest in near future.

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