Global Savory Ingredients Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Savory Ingredients Market Report offers in-depth insights, revenue details, and other vital information regarding the global savory ingredients market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.
The Savory Ingredients Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global savory ingredients market report has been segmented on the basis of type, origin, form, application, and region.
Savory Ingredients Market Overview:
“The Savory Ingredients Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Savory ingredients are added to cuisines to enhance their taste and add aroma and color to the food. Savory flavors also known as umami flavors provide a pleasant smell and taste to food.
These ingredients are added to processed food such as snacks and frozen ready-to-eat meals. Few types of ingredients are added for their medicinal purposes owing to their antiseptic properties and digestive benefits.
Savory Ingredients Market Dynamics:
Growing demand for convenient food among individuals is a major factor driving revenue growth of the global savory ingredients market. Increasing preference for food full of flavors is expected to increase the demand for savory ingredients in the food industry.
A busy lifestyle coupled with changing food habits is other factors fueling revenue growth of the global target market.
A growing number of food processing companies and increasing demand for natural savory products among consumers are other factors propelling the growth of the global market.
Furthermore, the growing retail and e-commerce sector especially in emerging economies is expected to boost the growth of the global savory ingredients market in the near future.
However, stringent government regulation on the usage of savory ingredients is a factor expected to restrain the growth of the global savory ingredients market.
Additionally, growing health issues related to the consumption of savory food is a challenging factor that a factor expected to affect the growth of the global market.
Nevertheless, the introduction of instant noodles in various flavors and nutritional content can create high revenue opportunities for players in the global savory ingredients market.
Savory Ingredients Market Segment Analysis:
On the basis of type, the yeast extracts segment is expected to witness high growth in terms of revenue in the near future. Increasing demand for natural ingredients, owing to the growing preference for natural food among consumers is a factor supporting the revenue growth of this segment in the global market.
Savory Ingredients Market Regional Analysis:
The market in the Asia Pacific is expected to account for a major share in terms of revenue over the forecast period. Growing demand for ready-to-eat food, coupled with rising disposable income and growing urbanization are factors expected to boost the growth of the target market in this region.
In addition, the growing food processing industry in emerging economies is another factor fueling the growth of the savory ingredients in the Asia Pacific market.
Market in Europe is expected to account for the second-highest share in terms of revenue in the global market, followed by North America, Latin America, and the Middle East, and Africa.
Global Savory Ingredients Market Segmentation:
Segmentation by type:
- Yeast Extracts
- Monosodium Glutamate
- Hydrolyzed Vegetable Protein
- Others (Savory Spice Mixes and Soy Sauce Powder)
Segmentation by origin:
Segmentation by form:
- Others (Spay Form and Paste)
Segmentation by application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Ajinomoto Co., Inc.
- Koninklijke DSM N.V.
- Kerry Group plc
- Tate & Lyle PLC
- Givaudan SA
- Symrise AG
- Lesaffre et Compagnie, SA
- Sensient Technologies Corporation
- Angel Yeast Co., Ltd.
- Vedan International (Holdings) Limited
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