HomePress-release

Redding, California - October 17, 2024

Savory Ingredients Market to Reach $13.38 Billion by 2031

Savory Ingredients Market Size, Share, Forecast, & Trends Analysis by Ingredient Type (Yeast Extracts, HVP, Nucleotides, Starches), Source (Natural, Synthetic), Form (Powder, Liquid), Application (Food & Beverages, Animal Feed) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Savory Ingredients Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research^®, the savory ingredients market is expected to reach $13.38 billion by 2031, at a CAGR of 5.7% from 2024 to 2031.

The increasing demand for convenience foods, along with a shift towards wholesome and healthy alternatives, is driving growth in the savory ingredients market. Additionally, the rising demand for naturally sourced savory ingredients and a surge in end-use applications are contributing to this growth. However, high raw material costs and stringent regulations are constraining market growth.

In addition, emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa provide potential growth opportunities for market players. The market faces substantial challenges, including the complex sourcing of natural ingredients. Moreover, the increasing demand for functional ingredients and clean labels are a prominent trend in the savory ingredients market.

Key Players

The savory ingredients market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the savory ingredients market are Ajinomoto Co., Inc. (Japan), AngelYeast Co., Ltd. (China), Kerry Group plc (Ireland), Vedan International (Holdings) Limited (Hong Kong), Sensient Technologies Corporation (U.S.), Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), DSM-Firmenich AG (Switzerland), Givaudan SA (Switzerland), Associated British Foods plc (U.K.), Lesaffre (France), Synergy Flavors, Inc. (U.S.), Ohly GmbH (Germany), and SPAC Starch Products (India) Private Limited (India).

The savory ingredients market is segmented based on ingredient type, source, form, and application. The report also evaluates industry competitors and analyzes the savory ingredients market at the regional and country levels.

Among the ingredient types studied in this report, the monosodium glutamate (MSG) segment is anticipated to hold the dominant position, with a share of 55.4% of the market in 2024. This segment's substantial market share is primarily driven by its capacity to enhance flavor, making it a widely used additive in processed and packaged foods. The growing demand for sauces, cheeses, dairy and meat products, baked goods, and instant noodles has notably increased the adoption of MSG. As urbanization continues to rise and consumers seek more flavorful and convenient food options, the reliance on MSG as a cost-effective flavor enhancer is expected to further boost the growth of this segment.

Among the sources studied in this report, the synthetic segment is anticipated to hold the dominant position, with a large share of the savory ingredients market in 2024. This segment's substantial market share is attributed to its enhanced stability, extended shelf life, and lower cost compared to natural savory ingredients. Additionally, synthetic savory ingredients are produced in a consistent and controlled manner, allowing manufacturers to meet high demand without facing the supply and price fluctuations that often affect natural options. This cost-effective advantage positions synthetic savory ingredients as an economical choice for food manufacturers.

Among the forms studied in this report, the powder segment is anticipated to hold the dominant position, with a large share of the savory ingredients market in 2024. The substantial market share of this segment is attributed to its versatility and convenience. These ingredients can be easily integrated into a variety of food and beverage products. Their powdered form allows for uniform distribution, ensuring consistent flavor in every application. Moreover, powdered savory ingredients offer a longer shelf life compared to liquid alternatives, minimizing the risk of spoilage and waste. This results in a cost-effective solution for both manufacturers and consumers, as they can be stored for extended periods without compromising flavor intensity.

Among the applications studied in this report, the food & beverages segment is anticipated to hold the dominant position, with a large share of the savory ingredients market in 2024. The substantial market share of this segment is primarily attributed to evolving consumer lifestyles and a growing preference for convenience foods driven by busy schedules and increased disposable incomes. The expansion of international cuisines, including Asian, Mediterranean, and Latin American dishes, is fostering the use of savory ingredients that enhance flavor complexity and authenticity. Furthermore, consumers are increasingly attracted to umami-rich foods, which offer a savory and satisfying taste experience, further expected to boost demand for savory ingredients.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Poland, Netherlands, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Singapore, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa).

Among the geographies studied in this report, Asia-Pacific is anticipated to hold the dominant position, with a share of 62.9% of the market in 2024, followed by North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific's savory ingredients market is estimated to be worth USD 5,699.2 million in 2024. The substantial market share in this region is attributed to various factors, including accelerated urbanization, growing disposable incomes, the expansion of the food processing sector, the rising popularity of international cuisines, the adoption of Western dietary habits, and an increase in the consumption of savory snacks and ready-to-eat meals.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6031

Key Questions Answered in the Report:

What is the value of revenue generated by the sale of savory ingredients?
At what rate is the global demand for savory ingredients projected to grow for the next five to seven years?
What is the historical market size and growth rate for the savory ingredients market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which ingredient type, source, form, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the savory ingredients market?
Who are the major players in the savory ingredients market? What are their specific product offerings in this market?
What recent developments have taken place in the savory ingredients market? What impact have these strategic developments created on the market?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

3D Printing

5G Technology

Advanced Chemical & Materials

Agrochemicals

Algae Products

Alternative Proteins

Animal Health

Artificial Intelligence

Automotive Technologies

Big Data Analytics

Climate Technologies

Edible Insects

Electric Vehicle

Food & Agriculture Technologies

Hydrogen Technologies

Internet Of Things

In Vitro Diagnostics

Laboratory Instrumentation

Language Learning Technologies

Medical Technologies

Next Generation Technologies

Processing & Packaging Technologies

Robotics & Automation

Smart Technologies

Water & Wastewater Technologies

Miscellaneous / Others

Redding, California - October 17, 2024

Savory Ingredients Market to Reach $13.38 Billion by 2031

Savory Ingredients Market Size, Share, Forecast, & Trends Analysis by Ingredient Type (Yeast Extracts, HVP, Nucleotides, Starches), Source (Natural, Synthetic), Form (Powder, Liquid), Application (Food & Beverages, Animal Feed) - Global Forecast to 2031

Recommended Readings

Advanced Chemical &
Materials

Food & Agriculture
Technologies

Next Generation
Technologies

Processing & Packaging
Technologies

Water & Wastewater
Technologies