The global savory ingredients market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the rising personal disposable income of the population and changing dietary preferences of consumers.
The Important Elements of the Savory Ingredients Market
Besides, the growing inclination of the population towards ready-to-cook and ready-to-eat food products and the availability of cost-effective ingredients are some of the factors contributing to the market growth. The rise in the working population and busy lifestyle has created an increased demand for packaged foods, which in turn, has led to the high adoption of savory ingredients for enhanced taste and flavors.
Market players are introducing new and global varieties of savory ingredients to cater to populations of various cultures and ethnicities, which in turn, is driving their adoption even further. In the coming years, the rising trend of clean label products, owing to a rise in health concerns and greater awareness among the population about harmful ingredients is expected to boost the market growth.
The global savory ingredients market is divided into type, application, origin, form, and region. Based on type, the market is segmented into yeast extract, starch, hydrolyzed vegetable protein, hydrolyzed animal protein, monosodium glutamate, nucleotides, and others. In 2021, the monosodium glutamate accounted for the largest market share, and the yeast extracts segment is projected to grow at the highest CAGR during the forecast period. Based on application, the market is divided into food and feed.
The food segment is estimated to grow at the highest CAGR during the forecast period. Geographically, the APAC region is projected to grow at the highest CAGR during the forecast period, owing to a rise in disposable income of the population, progressive urbanization, an increasing population, and an increase in demand for food products.
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Some of the leading players in the global savory ingredient market
- Ajinomoto Co., Inc.
- Symrise AG
- Tate & Lyle PLC
- Kerry Group PLC
- Koninklijke DSM N.V.
- Vedan International
- Senseint Technologies Corporation
- Givaudan
- Lesaffre Group
- Angelyeast Co., Ltd., etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments covered | · By Type· By Application· By Origin· By Form |
| Region scope | Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
| Country scope | China, India, Japan, South Korea, Australia, Singapore, Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Mexico, Canada, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar |
| Key companies profiled | Ajinomoto Co., Inc., Symrise AG, Tate & Lyle PLC, Kerry Group PLC, Koninklijke DSM N.V., Vedan International, Senseint Technologies Corporation, Givaudan, Lesaffre Group, Angelyeast Co., Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, the global savory ingredient market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Savory Ingredients Market, By Type:
- Yeast Extracts
- Hydrolysed Animal Protein
- Hydrolysed Vegetable Protein
- Monosodium Glutamate
- Others
- Global Savory Ingredients Market, By Application:
- Food
- Feed
- Global Savory Ingredients Market, By Origin:
- Natural
- Synthetic
- Global Savory Ingredients Market, By Form:
- Liquid
- Powder
- Others
- Global Savory Ingredient Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global savory ingredient market.
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Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on the Global Savory Ingredients Market
- Voice of Customer
5.1. Product Awareness
5.2. Factors Influencing the Purchase Decision
5.3. Product Pricing
5.4. Challenges & Unmet Needs
- Global Savory Ingredient Market Overview
- Global Savory Ingredients Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type (Yeast Extracts, Hydrolyzed Animal Protein, Hydrolyzed Vegetable Protein, Monosodium Glutamate, and Others)
7.2.2. By Application (Food and Feed)
7.2.3. By Origin (Natural and Synthetic)
7.2.4. By Form (Liquid, Powder, and Others)
7.2.5. By Region
7.3. Market Attractiveness Index
- Asia-Pacific Savory Ingredient Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
8.2.3. By Form
8.2.4. By Country
8.3. Market Attractiveness Index
8.4. Asia-Pacific: Country Analysis
8.4.1. China Savory Ingredient Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Type
8.4.1.2.2. By Application
8.4.1.3. Market Attractiveness Index
8.4.2. India Savory Ingredients Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Type
8.4.2.2.2. By Application
8.4.2.3. Market Attractiveness Index
8.4.3. Japan Savory Ingredients Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Type
8.4.3.2.2. By Application
8.4.3.3. Market Attractiveness Index
8.4.4. South Korea Savory Ingredient Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Type
8.4.4.2.2. By Application
8.4.4.3. Market Attractiveness Index
8.4.5. Australia Savory Ingredients Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Type
8.4.5.2.2. By Application
8.4.5.3. Market Attractiveness Index
8.4.6. Singapore Savory Ingredients Market Outlook
8.4.6.1. Market Size & Forecast
8.4.6.1.1. By Value & Volume
8.4.6.2. Market Share & Forecast
8.4.6.2.1. By Type
8.4.6.2.2. By Application
8.4.6.3. Market Attractiveness Index
8.4.7. Malaysia Savory Ingredients Market Outlook
8.4.7.1. Market Size & Forecast
8.4.7.1.1. By Value & Volume
8.4.7.2. Market Share & Forecast
8.4.7.2.1. By Type
8.4.7.2.2. By Application
8.4.7.3. Market Attractiveness Index