The global savory ingredients market size is anticipated to reach USD 15.62 billion by 2030. The market is projected to grow at a CAGR of 4.7% from 2024 to 2030. Savory ingredients are widely used as seasoning and flavoring agents in the food industry.
Growing disposable income has increased the consumption of time-saving food product, which is projected to boost the market growth over the coming years. The growing usage of savory ingredients in the food service industry is also expected to propel market growth.
Savory ingredients are used in the animal feed & pet food industry to enhance food flavors. The growing demand for packaged pet food in Asia Pacific is anticipated to drive market demand over the coming years.
Companies such as DSM, Kerry Group, Givaudan, Diana, and Lesaffre have adopted acquisition strategies to enhance their product offerings and regional presence. This approach has helped companies acquire distribution centers and diversify their offerings across many end-use application markets.
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Growing disposable income has increased the consumption of time-saving food product, which is projected to boost the market growth over the coming years. The growing usage of savory ingredients in the food service industry is also expected to propel market growth.
Savory ingredients are used in the animal feed & pet food industry to enhance food flavors. The growing demand for packaged pet food in Asia Pacific is anticipated to drive market demand over the coming years.
Companies such as DSM, Kerry Group, Givaudan, Diana, and Lesaffre have adopted acquisition strategies to enhance their product offerings and regional presence. This approach has helped companies acquire distribution centers and diversify their offerings across many end-use application markets.
Savory Ingredients Market Report Highlights
- The MSG segment accounted for the largest market revenue share of 61.1% in 2023. MSG is extensively used in the food industry due to its ability to enhance flavor, making it a prevalent additive in processed and packaged foods.
- The natural segment accounted for the largest market revenue share in 2023. Natural ingredients are perceived as healthier alternatives to artificial additives, contributing to a balanced diet without the associated risks of synthetic chemicals.
- The powder segment accounted for the largest market revenue share in 2023. Powdered savory ingredients have a longer shelf life. The drying process removes moisture, which stops the growth of bacteria and mold.
- The food segment accounted for the largest market revenue share in 2023. The growing need for quick meal solutions has increased demand for ready-to-eat food, snacks, and packaged foods.
- Asia Pacific savory ingredients market accounted for the largest revenue share of 70.7% in 2023. Consumers are pursuing foods that offer additional health benefits beyond basic nutrition, such as improved digestion, better immune function, or enhanced energy levels.
The leading players in the Savory Ingredients market include:
- Ajinomoto Co., Inc.
- AngelYeast Co.
- Vedan International (Holdings) Ltd.
- Kerry Group plc.
- Sensient Technologies Corporation
- Givaudan
- Diana Group S.r.l
- Symrise
- Lesaffre
- Tate & Lyle
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Savory Ingredients Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Savory Ingredients Market: Product Estimates & Trend Analysis
Chapter 6. Savory Ingredients Market: Source Estimates & Trend Analysis
Chapter 7. Savory Ingredients Market: Form Estimates & Trend Analysis
Chapter 8. Savory Ingredients Market: Application Estimates & Trend Analysis
Chapter 9. Savory Ingredients Market: End Use Estimates & Trend Analysis
Chapter 10. Savory Ingredients Market: Regional Estimates & Trend Analysis
Chapter 11. Competitive Landscape
Companies Mentioned
The leading players in the Savory Ingredients market include:- Ajinomoto Co., Inc.
- AngelYeast Co.
- Vedan International (Holdings) Ltd.
- Kerry Group plc.
- Sensient Technologies Corporation
- Givaudan
- Diana Group S.r.l
- Symrise
- Lesaffre
- Tate & Lyle
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 11.15 Billion |
| Forecasted Market Value ( USD | $ 15.62 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
