Savory Ingredients Market|Size,Share,Growth|2023-2030

Savory Ingredients Market Size (2022 – 2030)
The global Savory Ingredients Market size is estimated to reach 9.7 billion by 2030 from USD 7.5 billion in 2022, registering a CAGR of 5.5% during the forecasted period.

Industry Overview
Savory ingredients are known as flavor developed used as food additives in food processing sectors along with household applications. Savory ingredients help to develop the quality and shelf-life of the products.

There are different types of savory ingredients available globally. Of all the savory types available, monosodium glutamate is the most used and common savory ingredient.

Savory ingredients are widely used in Chinese and Japanese cuisines. Moreover, savory ingredients have acheived prominent acceptance from HoReCa sector. Savoryflavors are important during the manufacture of processed savory products such as frozen savory snacks and meals. The savory ingredients have a pleasant aroma and taste through the effective way of seasoning.

Market Drivers

The savory ingredients market is observed to have a positive impact and is said to remain till the end of the foreseen period. Savory ingredients are economical motivating manufacturers to use them as stabilizers, emulsifiers, and thickening agents. The shift towards ready-to-eat food and ready-to-cook products, and the easy availability of cost-effective food products stimulate the market growth. The demand for snacks processed with savory ingredients integrated with growing disposable income of consumers across advancing regions stimulate the market growth during the foretold period.

Change in dietary preferences, rising disposable income, and stimulating demand for convenience foods among consumers drive the market growth. The demand for flavor developers is witnessing a notable rise due to the availability of a wide range of food choices for consumers. The quick urbanization with mounting purchase power of consumers, and consumers' wide variety of food choices escalate the savory ingredients market growth. The demand for savory ingredients from meat and poultry products integrated with the growing consumption of meat augments the market growth. Manufacturers launching new products and enlarging their food and beverages sector which present immense opportunities over the upcoming years.

Market Restrains
However, consuming savory ingredients leads to health-hazardous hindering market growth. Strict government regulations on using savory ingredients restrain the market growth.

Recent Market Developments

  • On September 02, 2022, Angel Yeast Co., Ltd circulated its developed new strain of yeast probiotic, Saccharomyces boulardii Bld-3. The probiotic yeast is introduced to treat diarrhea and strengthen healthy digestive and immune systems among children and adults. 
  • On January 17, 2017, Givaudan acquired Activ International.
  • On July 05, 2022, Synergy Flavors Inc. has acquired Innova Flavors. The expansion extends Synergy's savory capabilities and supports upcoming novel product developments in meat alternatives, side dishes, and sauces. 
  • On October 11, 2022, Novozymes extended its Formea range of protein drink ingredients with the launch of Formea prime.
  • On July 19, 2022, Sensient Technologies acquired effects of Flavor Solutions Inc. The acquisition has added to the company's customer base and technical expertise in product formulation.
  • On July 14, 2022, Symrise Diana Food agreed with SMAG Smart Agricultute for developing a customized mobile app digitizing the company's agronomic activities.  

Segment Analysis

The global Savory Ingredients Market is segmented based on type, origin, form, and application.

Savory Ingredients Market - By Type

  • Monosodium glutamate
  • Hydrolyzed vegetable proteins
  • Hydrolyzed animal proteins
  • Nucleotides
  • Other types

By type, the monosodium glutamate segment accounts for the largest share in the savory ingredients market. Due to the wide application areas of MSG across food and feed applications and its cost-effective nature accumulates the market growth during the foreseen period. Moreover, the segment contributes the highest share supporting the segment growth.

The demand for food comprising of various flavors is mounting at an epidemic rate globally. However, the manufacturers are improving varied product formulations addressing customer demand and rise the market growth. 

Savory Ingredients Market - By Origin

  • Synthetiz
  • Natural

The natural origin segment accounted for the maximum share in the savory ingredients market. The segment growth owes to the growing knowledge regarding the severe effect of consuming artificial ingredients. The demand for natural ingredients is accumulating due to the rising desire for natural food in consumers supports the revenue growth of the segment.

 The synthetic origin is estimated to grow with the highest CAGR growth rate during the foreseeable period. The synthetic segment growth due to its low cost and high use of savory ingredients in the food sector. The inheriting process of synthetic origin savory ingredients is easy and low cost and the demand for synthetic savory ingredients is large. 

Savory Ingredients Market - By Form

  • Powder
  • Liquid
  • Other forms

The powder form segment is holding largest share. The powdered form can be easily mixed with other materials.

Savory Ingredients Market - By Application

  • Food
  • Prepared meals
  • Snacks
  • Other food applications
  • Feed

Based on the application, the food segment is dominating the global market. The high consumption of savory ingredients like MSG and yeast extracts over different food applications like prepared meals and snacks. The consumption of natural savory ingredients with the surging demand for clean-label and free-from products hikes the market growth throughout the period.

The snacks segment is accomplished to have grown with the highest share in 2022. The segment growth attributed to the rising customers' shift towards organic foods is fascinating the savory snacks by manufacturers. The advancements of healthy snacks by manufacturing companies are projected to boom the market growth during the period.

Regional Analysis
North America is set to have tremendous growth in the savory ingredients market.

Savory ingredients are demanding the addition of more flavors and the most popular potato chips in the U.S are still plain salted variety and the predominant marketer is Frito-Lay or Procter and Gamble.

Europe is the second-largest region in terms of revenue during the forecast period. The market growth in Europe owes to diet diversification, lifestyle changes, and increase in disposable income. 

Asia-Pacific is dominating the savory ingredients market with the largest market share.

China is leading the market for savory ingredients and India is the second-largest country in the APAC region. Consuming noodles are high in these two countries is one major factor aiding the quick development of the market. China and Japan are manufacturing hubs for savory ingredients and have enough manufacturing plants for addressing the growing demand for processed food products with a combination of savoryflavors.

In China, nearly 3million households had a disposable income of around 10,000USD in 2000 and has risen to 60 million in 2012. In China and India, the market growth owes to the quick urbanization strengthening the market growth.

Latin America and the Middle East and African regions are at their developing stages. The increasing applications and production facilities boost the growing demand during the mentioned period. The increasing use of savory ingredients across animal feed and pet food industry stimulates the market growth.

Top key players operating in the global Savory Ingredients Market
1. Ajinomoto Co., Inc. (Japan)
2. Koninklijke DSM N.V. (Netherlands)
3. Kerry Group PLC (Ireland)
4. Tate & Lyle PLC (UK)
5. AngelYeast Co., Ltd. (China)
6. Cargill (US)
7. Sensient Technologies Corporation (US)
8. ABF Ingredients (OHLY) (Germany)
9. Vinayak Ingredients India Pvt Ltd. (India)
10. Vedan International (Holdings) Limited (Hong Kong)
11. Givaudan (Switzerland)
12. Lesaffre Group (France)
13. ADM (US)
14. Symrise (Germany)
15. Synergy Flavors (US)
16. Halcyon Proteins Pvt. Ltd. (Australia)
17. Novozymes (Denmark)
18. Food Chem International (China)
19. The Fufeng Group (China)
20.Meihua Holdings Group Co., Ltd. (China)

COVID-19 Impact Savory Ingredients Market
The novel coronavirus (COVID-19) pandemic has affected the food and beverages sector primarily. All the hotels and restaurants were closed during the pandemic crisis. During the situation, the raw materials supply chain has witnessed a halt. With the lockdown restrictions people were forced to stay at home. 
The savory ingredients manufacturing companies were given a pause and the work has been paused with less manufacturing labor. Most of them were used to add these kind of ingredients to their diet. 

Chapter 1. Global Savory Ingredients Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Global Savory Ingredients Market – Executive Summary

2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

2.3.1. Impact during 2022 - 2027

2.3.2. Impact on Supply – Demand

Chapter 3. Global Savory Ingredients Market – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Global Savory Ingredients Market Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porters Five Force Model

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Powers of Customers

4.4.3. Threat of New Entrants

4.4.4. Rivalry among Existing Players

4.4.5. Threat of Substitutes

Chapter 5. Global Savory Ingredients Market - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Global Savory Ingredients Market – By Type

6.1. Monosodium glutamate

6.2. Hydrolyzed vegetable proteins

6.3. Hydrolyzed animal proteins

6.4. Nucleotides

6.5. Other types

Chapter 7. Global Savory Ingredients Market – By Origin

7.1. Synthetic

7.2. Natural

Chapter 8. Global Savory Ingredients Marke – By Form

8.1. Powder

8.2. Liquid

8.3. Other forms

Chapter 9. Global Savory Ingredients Market – By Application

9.1. Food

9.2. Prepared meals

9.3. Snacks

9.4. Other food applications

9.5. Feed

Chapter 10. Global Savory Ingredients Market, By Geography - Market Size, Forecast, Trends & Insights

10.1. North America

10.1.1. U.S.A

10.1.2. Canada

10.1.3. Mexico

10.2. Europe

10.2.1. Italy

10.2.2. Spain

10.2.3. Russia

10.2.4. Germany

10.2.5. UK

10.2.6. France

10.2.7. Rest of Europe

10.3. Asia Pacific

10.3.1. Japan

10.3.2. South Korea

10.3.3. China

10.3.4. India

10.3.5. Australia & New Zealand

10.3.6. Rest of Asia-Pacific

10.4. Rest of the World

10.4.1. Middle East

10.4.2. Africa

10.4.3. South America

Chapter 11. Global Savory Ingredients Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

11.1. Company 1

11.2. Company 2

11.3. Company 3

11.4. Company 4

11.5 Company 5

11.6. Company 6

11.7. Company 7

11.8. Company 8

11.9. Company 9

11.10. Company 10

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