Savory Ingredients Market value was USD 9.4 billion in 2024 and is expected to reach USD 12.1 billion by 2029 with a compound annual growth rate (CAGR) of 5.2% over the forecast period.
The savory ingredients market has been witnessing steady growth in recent years, driven by factors such as increasing consumer demand for flavorful and nutritious food products, growing awareness regarding health benefits associated with savory ingredients, and the expansion of the food and beverage industry globally. This report aims to provide insights into the current trends, market size, key players, and future outlook of the savory ingredients market.
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Trends and Drivers:
- Rising Demand for Processed and Convenience Foods
- As lifestyles become busier, consumers are increasingly turning to processed and convenience foods that offer quick and easy meal solutions. Savory ingredients such as flavor enhancers, hydrolyzed proteins, and yeast extracts are essential in these products, helping to maintain and improve taste, thereby driving market growth.
- Health and Wellness Trends
- With growing awareness of health and wellness, consumers are seeking products that are not only tasty but also nutritious. The demand for savory ingredients that contribute to low-sodium, low-fat, and clean-label products is rising. Ingredients such as umami flavors and natural flavor enhancers are gaining popularity as they meet these health-conscious demands.
- Expansion of the Plant-Based and Vegan Food Market
- The increasing popularity of plant-based and vegan diets has led to a surge in demand for savory ingredients that can enhance the flavor of plant-based foods. Ingredients such as yeast extracts, soy protein isolates, and vegetable-based hydrolyzed proteins are being widely used in these products to provide the desired savory taste.
- Innovation in Food and Beverage Products
- Continuous innovation in the food and beverage industry is driving the demand for new and unique savory ingredients. Manufacturers are exploring exotic flavors, natural and organic ingredients, and innovative fermentation processes to create distinctive and appealing savory profiles.
- Growing Popularity of Ethnic and Exotic Cuisines
- The global trend towards exploring new and diverse cuisines is boosting the demand for savory ingredients that can replicate authentic flavors. Ingredients such as soy sauce, miso, and various spices are being used to recreate traditional flavors in packaged and ready-to-eat foods.
- Increase in Snacking Culture
- The snacking culture is on the rise, with consumers looking for savory snacks that are both indulgent and healthy. This has led to a surge in demand for savory ingredients that can be used in snack foods, including seasonings, spice blends, and flavor enhancers.
- Sustainability and Ethical Sourcing
- Consumers are increasingly concerned about the environmental impact and ethical sourcing of food ingredients. The savory ingredients market is responding to this trend by focusing on sustainable production methods, sourcing natural ingredients, and ensuring transparency in the supply chain.
- Technological Advancements in Food Processing
- Advancements in food processing technologies are enabling the development of more sophisticated and effective savory ingredients. Techniques such as enzymatic hydrolysis and advanced fermentation are being used to create savory flavors with improved taste profiles and functional benefits.
These trends and drivers are collectively shaping the savory ingredients market, pushing manufacturers to innovate and adapt to the changing landscape. As the demand for flavorful, nutritious, and ethically produced food continues to rise, the savory ingredients market is poised for sustained growth.
Market Segmentations:
Global Savory Ingredients Market: By Company
Ajinomoto
Koninklijke
Kerry Group
Tate & Lyle
Diana Group
Givaudan
Symrise AG
Lesaffre Group
Senseint Technologies Corporation
Angelyeast
Vedan International
Global Savory Ingredients Market: By Type
Hydrolyzed Protein
Monosodium Glutamate
Soy Sauce Powder
Yeast Extracts
Others
Global Savory Ingredients Market: By Application
Feed
Food
Global Savory Ingredients Market: Regional Analysis
The regional analysis of the global Savory Ingredients market provides insights into the market’s performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Savory Ingredients in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Savory Ingredients in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Savory Ingredients in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Savory Ingredients in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
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Frequently Asked Questions (FAQ’s):
What are savory ingredients?
Savory ingredients refer to substances that enhance the flavor of food, such as herbs, spices, and flavor enhancers.
Which industries utilize savory ingredients?
Savory ingredients find applications in various industries, including food & beverage, pharmaceuticals, cosmetics, and personal care products.
What factors are driving the growth of the market?
Factors such as changing consumer preferences, increasing demand for natural and clean label products, and technological advancements in ingredient extraction are driving market growth.
How has the COVID-19 pandemic impacted the market?
The pandemic has led to disruptions in the supply chain, changes in consumer behavior, and a focus on health and wellness, impacting the demand for savory ingredients.
What are some sustainable practices in the savory ingredients industry?
Sustainable practices include ethical sourcing of ingredients, reducing carbon footprint, and minimizing food waste throughout the supply chain.
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