Savory Ingredients Market is valued at USD 7.44 Billion in 2021 and expected to reach USD 11.56 Billion by 2028 with the CAGR of 6.50% over the forecast period.
Increasing demand of packaged food products like sauces, pickles, snacks, and many others due to busy lifestyle and rising food processing industries with the government initiatives are some important factor driving the growth of savory ingredients market.
Savory ingredients extraction of plants and animals hydrolyzed proteins, monosodium glutamate (MSG) nucleotides, and yeast require for flavoring the food. Savory flavors are most commonly used in food processing industry including dairy processing, snacks, sauces, dips, beverages and confectionery. The savory ingredients are being derived from mushrooms, tomato, asparagus, onion, garlic and other food items having large amounts of glutamic acid and amino acids are the popular for savory ingredients. Another savory ingredients used is umami and kokumi invented by Japanese researchers. These two terms are utilized by product developers and culinary professionals for making snacks, sauces, savory meals and noodle dishes. This savory ingredient gives pleasant taste and aroma for the food which are being produced like beverages, pizza, pickles and many others. Savory food ingredients are being used to improve overall essence of the food products. According to recent research herb flavored, especially sage, are being utilized as savory ingredients for poultry tastes for enhancing taste of barbecue flavors, and smoky flavors. In addition to this, the savory ingredients are used as stabilizers, thickening agents and emulsifiers in various food products and beverages like bread, wine and beer.
Major companies operating in the Savory Ingredients Market like,
The global savory ingredients market is segmented on the basis of product type, applications, form, and region. On the basis of product type, the global savory ingredients market is classifies as yeast extracts, nucleotides, hydrolyzed vegetable proteins (HVP), hydrolyzed animal proteins (HAP), and monosodium glutamate. On the basis of application, the global savory ingredients market is segmented into food processing industry, feed and others. The food processing industry is further classified into soups, dips, meat & seafood, noodles & sauces, bakery products, and savory snacks. On the basis of form, the market is bifurcated into powder, liquid, paste, spray and others.
The key factor for growth of global savory ingredients market is the rise in demand of packaged food products like sauces, pickles, snacks, and many others due to busy lifestyle, surge in disposable income and raising the food processing industries with the government initiatives. According to Committee for Economic Development of the Conference Board (CED), the food and beverage industry has huge contribution in generating the revenue in 2015, the estimated value was USD 164 billion in the United States and accounts for 15.3 % of every food consumer around the globe as well as total food sector sales was estimated to around USD 1.4 trillion, including food consumed at home and away from home. This massive increase in the food and beverages industry utilizes the savory ingredients like various flavors as major substance for producing any kind of food products like bakery, beverages includes wine, cold drinks etc. However one of the major factors that restrict the savory ingredients market is its adverse effects on health used while making the food products with the help of the savory ingredients as well as rising health cautiousness among the people. Moreover rising focus on developing natural savory ingredients without using chemicals have created huge opportunity to fuel the global savory ingredients market during the forecast period. For example Angel YE Company has brought fantastic solutions for snack ingredients at Snackex 2019 with a natural savory ingredient having comprehensive solution for manufacturers to create versatile snack recipes.
The Asia Pacific is expected to dominate the market for the growth of savory ingredients due to raising the food processing industries with rapidly adoption of advanced technology, increasing the packaged food consumption due to increase in disposable income with surge in population in this region followed by North America and Europe. According to the Face and Agriculture Center of Excellence Organization, India is the second largest producer of cereals, fruits & vegetables with estimation of 284.95 Million tones, 311.7 million tons respectively followed by China. This massive production has enhanced the consumption of savory ingredients for making packaged foods products like bakery, snacks and others. However due to Covid-19 pandemic, the consumption of packaged food products have been increased which has created huge opportunity for the savory ingredients production for the packaged foods like bakery, chips, snacks etc.
North America is expected to grow at faster pace for the savory ingredients market owing to increasing in demand of food and beverages industry for the people in America due to surge in busy lifestyle, increased disposable income, rising packed food demands. According to Committee for Economic Development of the Conference Board (CED), food sector contributes 5% of gross domestic product in the U.S. economy, 10% of total employment and 10% total disposable personal income. Food industry expenditures is doubling during the past decade from 2014, and the US industry spends around USD 5.4 billion annually which is 3% in the food industry. This rapid consumption of food products has generated huge demand for the savory ingredients in the food processing industry in the North America followed by Europe region. Europe region is also a significant contributor for the growth of savory ingredients due to rising adoption of advanced technology for manufacturing of food products and increasing consumer spending.
|2016 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 7.44 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 11.56 Billion
|Tables, Charts & Figures:
Savory Ingredients Companies
Angel Yeast Co., Tate & Lyle Plc., Synergy Flavors, Sensient Technologies Corporation, Diana Group, Vedan International Holdings Ltd., Givaudan S.A. Lesaffre Group. , others.
|By Product Type, By AApplications, By Form
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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