- August 2020 |
- Food and Beverage / Food Ingredients
Global Savory Ingredients Market Size, By Source (Natural and Synthetic), Production Technique (Heat Treatment, Acid Treatment, and Maillard Reaction), Type (Yeast Extract, Starch, Protein, Monosodium Glutamate, Nucleotides, and Others), Application (Food and Feedstuff), and Form (Liquid, Powder, and Others), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa), Trend Analysis, Market Competition Scenario & Outlook, 2020-2026
Global Savory Ingredients Market – Market Outlook & Trends
The Global Savory Ingredients Market appraised at USD 7.20 billion in 2019 and is estimated to reach a staggering figure of USD 9.76 billion by 2026, at a CAGR of 5.20% during the projection period. The growing requirement for the convenience food propels the growth of the Global Savory Ingredients Market. Rising disposable earnings combined with bustling lifestyles have significantly changed the food habits of the consumers leaving less scope for home-cooked food. Due to this, the savory constituents' market is on a growth trajectory over the last few years, and the effect is likely to linger throughout the prediction period.
Moreover, savory constituents increase the cost-effectiveness of the given food item as they act as stabilizers, thickening agents, and emulsifiers in simultaneously. Yeast extracts are natural savory ingredients widely used in the production of bread, wine and beer. Demand of such products also pushes demand for yeast extracts which are rich in vitamin B, nucleotides, and amino acids.
Global Savory Ingredients Market – Overview
The savory elements are nothing but flavor enhancers containing spices or other substances that modify the tastes of the food items. In their presence, food items do not need their own distinct flavor. In the savory products such as cold savory meals and snacks, the savory flavors function as a critical element during their making process. They give a distinct and uniform aroma and taste to the food item leading to its high demand; thus, the market is predicted to increase extensively in the future.
Shift Towards the Consumption of Plant-based Products
The consumers are moving towards the ingesting of plant-based products emphasizing natural ingredients and flavors. Besides, the demand for multi-sensory flavors is also increasing, assuring a commendable growth throughout the prediction period. Moreover, the rise in demand for processed snacks with savory constituents is a robust force expected to drive the worldwide savory market during the upcoming period.
Savory Ingredients Market Growth Driven by Consumers’ Increasing Disposable Income
The rising disposable income of customers in the developed and...