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

Published:
August 2020
Report Code:
BWC20117
Available Format:
PDF PDF Icon
Pages:
158

global savory ingredients market bwc20117

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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.

 

Key Drivers 

 

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 emerging nations has nurtured the surging demand for the consumption of ready-to-eat food products. An increasing portion of the community finds it troublesome to make a meal after a busy schedule and choose timesaving food products that aid to refill lost energy. 

 

The swelling demand for convenience food items is projected to endorse the savory ingredients' market growth during the prediction period as they contain savory ingredients enhancing their tastes. Besides, the market is propelled by consumers' growing populace size in emerging nations like China, India, and others.

 

Global Savory Ingredients Market: Segmentation

 

The savory ingredients can be natural or synthetic. a synthetic segment holds the major part of the global savory ingredients market, based on origin. Synthetic flavors are artificial flavor enhancers created through chemical procedures; they are moderately low-priced as they are easy to obtain and augment. In this segment, monosodium glutamate, known as MSG, is the most widely used synthesized ingredient, and it finds applications in savory foods, soups, sauces, and other processed products.

 

The savory constituents market is also segregated based on product types into divisions such as yeast extracts, nucleotides, Hydrolized Animal Proteins (HAP), Hydrolyzed Vegetable Proteins (HVP), and monosodium glutamate. The food and pet food industry widely use all these ingredients. The former holds a significant market share owing to the increased consumption of cooked and processed savory products worldwide. 

 

The market is categorized into soups, dips, bakery products, meat & seafood, instant noodles & sauces, and savory snacks, based on the segment of the food industry. Seafood segment is likely to top the usage of savory ingredients throughout the projection period due to its increased intake. However, pet food will maintain a steady growth rate during the prediction period as well.

 

Based on form, the savory constituent market is divided into powder, liquid, and other types. The powdered form is projected to capture the largest share due to its substantial usage in the food industry. Powdered savory constituents are extensively used in savory spice mixes as well as sugary, dried cheese, sauce and soy sauce powders. They are made from fermented beans and roasted ground wheat and are mainly used in dressings, confectioneries, bakery products, and snacks.

 

Based on region, Global Savory Ingredients Market is segmented by key regions— North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 

 

Global Savory Ingredients Market: Regional Insights 


 

Global Savory Ingredients Market: Regional Insights 



 

The constant worldwide surge has been noticed in demand for processed savory food due to progressively busy routines of the consumers and their preference for ready-to-eat products. The Asia-Pacific is a critical area for savory constituents as consumer consciousness is limited, and guidelines are not consistent. China remains the ruling market in the Asia-Pacific region. Major food corporations such as Givaudan (Switzerland), Kerry Group PLC (Ireland), and Symrise (Germany) are financing the increasing demand for savory ingredients in China and India. 

 

Competitive Landscape

 

The leading names in this market are Koninklijke DSM N.V. (Netherlands), Ajinomoto Co. Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (UK), Givaudan S.A. (Switzerland), Lesaffre (France), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Angel Yeast Co. Ltd. (China), and Vedan International (Holdings) Limited (Hong Kong).


Recent Developments

 

Ø  In December 2018, Kerry Group acquired Ariake U.S.A., Inc. (engaged in manufacturing of natural seasonings such as natural clean label savoury taste solutions) to strengthen company’s foodservice positioning.

 

Attribute

Details

Years Considered

Historical data – 2016 -2019

Base Year – 2019

Forecast – 2020 – 2026

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Japan, China, Rest of APAC, Rest of the world

Product/Service Segmentation

By Source, By Production Technique, By Type, By Application, By Form and By Region

Key Players

Koninklijke DSM N.V. (Netherlands), Ajinomoto Co. Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (UK), Givaudan S.A. (Switzerland), Lesaffre (France), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Angel Yeast Co. Ltd. (China), and Vedan International (Holdings) Limited (Hong Kong


Scope of the Report

 

By Source·

Ø  Natural

Ø  Synthetic

 

By Production Technique

Ø  Heat Treatment

Ø  Acid Treatment

Ø  Maillard Reaction

 

By Type

Ø  Yeast Extract

Ø  Starch

Ø  Protein

Ø  Hydrolyzed Vegetable Protein

Ø  Hydrolyzed Animal Protein

Ø  Monosodium Glutamate

Ø  Nucleotides

Ø  Others (Soy Sauce Powder, Savory Spice Mix, and Others)

 

By Application

Ø  Food (Soup, Snacks, Meat, and others)

Ø  Pet Foodstuff

 

By Form

Ø  Liquid

Ø  Powder

Ø  Others (Spray, Paste, and others)

 

By Region

Ø  North America

Ø  Europe 

Ø  Asia Pacific

Ø  LATAM

Ø  Middle East & Africa

 

The objective of the Study:

 

Ø  To analyze and estimate the Global Savory Ingredients market size, in terms of value.

Ø  To examine the market segmentation carefully and estimate the market size, in terms of value, based on the region by segmenting the Global Savory Ingredients market into five regions, namely, North America, Europe, Asia Pacific, Rest of the World and their leading countries.

Ø  To outline, categorize and project the Global Savory Ingredients market based on the Source, Production Technique, Type, Application, Form and Region.

Ø  To examine competitive developments in sources, production techniques, applications within the Global Savory Ingredients Market.

Ø  To highlight market dynamics such as drivers, restraints, opportunities, and challenges and their impact.

Ø  To provide a detailed competitive landscape, including major players, their strategic profiles, and market shares.

 

Business Questions Answered by the Report

 

Ø  How will the market drivers, restraints, and opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and which one will be the fastest-growing, and why?

Ø  Who are the key players in the market, and what is their share?

Ø  What is the strategy adopted by key players, and how does it affect the existing and new players?

 

Customization Scope for the Client

 

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:

Ø  Additional Company Information

Ø  Detail Analysis of five additional companies

Ø  Additional country analysis

Ø  Detailed segment analysis

 

 

 

 







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