This report segments the savory ingredients market, on the basis of type, origin, form, application, and region. In terms of insights, this research report focuses on various levels of analyses - competitive landscape, end-use analysis, and company profiles - which together comprise and discuss the basic views on the emerging & high-growth segments of the savory ingredients market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
The global savory ingredients market is estimated to be valued at US$ 7.2 billion in 2020 and projected to reach US$ 9.3 billion by 2025, recording a CAGR of 5.2%
Factors such as the growing demand for savory-flavored ready-to-eat snacks and canned food across the globe drive the growth of the savory ingredients market during the forecast period.
By origin, the synthetic segment accounted for a larger share in 2019
The synthetic segment accounted for a major share of the global savory ingredients market, on the basis of origin, in 2019. Synthetic flavor enhancers are those produced through chemical processes; they are comparatively low-priced because they are easy to avail and produce. In the synthetic savory ingredients market, monosodium glutamate, commonly known as MSG, is the most widely synthesized ingredient. It finds applications in savory foods, soups, sauces, and other processed products.
By form, the powder segment is estimated to account for the largest share
Based on form, the savory ingredients market is segmented into powder, liquid, and other forms. The powdered form is estimated to account for the largest share because of its high usage in the food industry. Powdered savory ingredients are widely used in sugary powders, dried cheese powders, sauce powders, savory spice mixes, and soy sauce powder, which are made from fermented beans and roasted ground wheat. Dry powder ingredients are mainly used in confectioneries, bakery products, dressings, and snacks.
Asia-Pacific accounted for the largest share in the savory ingredients market due to the wider acceptability and usage of savory ingredients in Asian cuisines
The Asia-Pacific region remains a focus area for savory ingredients as consumer awareness is limited, and regulations are not standardized. Growth in the demand can be seen for savory ingredients used in processed food due to the increasingly busy lifestyles of consumers and their preference for ready-to-eat products. China remains the dominating country in the Asia-Pacific region. Major food companies such as Givaudan (Switzerland), Kerry Group PLC (Ireland), and Symrise (Germany) are investing in expanding their presence in China and India.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Overview of The Savory Ingredients Market 4.2 Market, By Origin, 2019 4.3 Asia Pacific: Market, By Application and Key Country 4.4 Market, By Application and Region, 2019 4.5 Market, By Key Country/Region, 2019
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 220.127.116.11 Increasing Popularity of Convenience Food Products 18.104.22.168 Growing Government Intervention Toward the Reduction of Salt Intake in Developed Countries 22.214.171.124 Increase in the Number of End-use Applications of Savory Ingredients 126.96.36.199 Changing Consumer Food Preferences in Developing Regions 5.2.2 Restraints 188.8.131.52 Stringent Regulations on International Quality Standards 184.108.40.206 High Cost of Processing and Raw Materials 5.2.3 Opportunities 220.127.116.11 Rising Demand for Natural and Healthy Flavor Ingredients 18.104.22.168 Growing Need for the Replacement of MSG 5.2.4 Challenges 22.214.171.124 Consumer Awareness About the Ill-Effects of Flavor Enhancers 126.96.36.199 Growing Demand for Clean Labels 5.3 Regulations 5.3.1 US & Canada 5.3.2 India 5.3.3 Australia 5.3.4 Europe 5.4 Yc-Ycc Shift
6 Savory Ingredients Market, By Type 6.1 Introduction 6.2 Yeast Extracts 6.2.1 Growing Demand for Natural Ingredients Supports The Growth of Yeast Extracts 6.3 Hydrolyzed Vegetable Proteins 6.3.1 The Growing Demand for Convenience Food and Prepared Meals Drives The Market for Hydrolyzed Vegetable Proteins 6.4 Hydrolyzed Animal Proteins 6.4.1 Hydrolyzed Animal Proteins (Haps) Are Majorly Used in The Feed Sector 6.5 Monosodium Glutamate (Msg) 6.5.1 Msg Is The Most Consumed Savory Ingredient in Developing Countries 6.6 Nucleotides 6.6.1 Nucleotides Are Expected to Have a High Potential to Enhance The Profitability of Livestock 6.7 Other Types
7 Savory Ingredients Market, By Origin 7.1 Introduction 7.2 Natural 7.2.1 Rising Health Concerns Among Consumers Result in The Growth in Demand for Naturally Sourced Ingredients in Food Products 7.3 Synthetic 7.3.1 Low-Cost Manufacturing Process for Synthetic Savory Ingredients Drives The Market Growth
8 Savory Ingredients Market, By Form 8.1 Introduction 8.2 Powder 8.2.1 Wide Usage of Powdered Savory Ingredients in Foodservice Outlets and Households Drives The Market Growth 8.3 Liquid 8.3.1 High Solubility of The Liquid Form Supports Its Usage in Beverages 8.4 Other Forms
9 Savory Ingredients Market, By Application 9.1 Introduction 9.2 Food 9.2.1 Growing Demand for Convenience and Ready-to-Eat Food With Umami Flavor Drives The Growth of Savory Ingredients in The Food Segment 9.3 Feed 9.3.1 Demand for Natural Savory Ingredients, Such As Yeast Extracts and HVP, in Feed Supports The Growth of The Market
10 Savory Ingredients Market, By Region 10.1 Introduction 10.2 North America 10.2.1 US 10.2.1.1 Increasing Demand for Savory Flavors in Packaged and Ready-to-Eat Food Products to Drive The US Market 10.2.2 Canada 10.2.2.1 Varied Regulations By The Government for Synthetic Ingredients Create Opportunities for Market Players to Produce Natural Savory Food Ingredients 10.2.3 Mexico 10.2.3.1 Challenge for Manufacturers to Produce Plant-Based Food Products With a Blend of Savory Flavors 10.3 Europe 10.3.1 UK 10.3.1.1 Growing Trend of Free-From Products Drives The Natural Savory Ingredients Market Growth 10.3.2 Germany 10.3.2.1 Inclination Toward Healthy Snacking Supports The Demand for Savory Ingredients in Snacks 10.3.3 Spain 10.3.3.1 Growth in Applications Such As Cheese, Cured Meat, and Bakery & Confectionery Products Drives The Market for Savory Ingredients 10.3.4 Italy 10.3.4.1 Adoption of Umami Taste in Traditional Italian Food Drives The Market Growth 10.3.5 France 10.3.5.1 Demand for Convenience Food With Savory Flavors in The Country Drives The Market Growth 10.3.6 Rest of Europe 10.4 Asia Pacific 10.4.1 China 10.4.1.1 Growth Potential of Yeast Extracts in Bakery and Brewing Industries 10.4.2 Japan 10.4.2.1 Change in Lifestyles and Rising Disposable Incomes of Consumers Influence The Growth of Savory Ingredients 10.4.3 India 10.4.3.1 Favorable Government Policies for Savory-Flavored Processed Food Support The Growth of Savory Ingredients 10.4.4 Indonesia 10.4.4.1 Use of Monosodium Glutamate (Msg) As a Flavor Enhancer in Food Products Supports The Market Growth for Savory Ingredients 10.4.5 Thailand 10.4.5.1 Extensive Use of Umami-Flavored Seasonings in Food Products Drive The Market Growth 10.4.6 Vietnam 10.4.6.1 Well-Established Presence of Savory Manufacturers and Suppliers Drives The Market Significantly in The Country 10.4.7 Rest of Asia Pacific 10.5 South America 10.5.1 Brazil 10.5.1.1 High Growth in The Demand for Packed Food With Blends of Savory Flavors Drives The Market for Savory Ingredients 10.5.2 Argentina 10.5.2.1 Rise in The Domestic Consumption for Processed Food and Snacks Made With Natural Ingredients Supports The Growth of The Savory Ingredients Market 10.5.3 Rest of South America 10.6 Rest of The World (RoW) 10.6.1 Middle East 10.6.1.1 Increasing Consumer Trend of Opting for Snacks and Ready-to-Eat Food Products Presents Growth Potential for Savory Products 10.6.2 Africa 10.6.2.1 Rapid Urbanization and Changes in Consumer Trends for Natural Flavored Food & Beverages to Drive The Market for Savory Ingredients