Savory Flavor Blends Market by Form (Powdered Form and Liquid Form), By Application (Snacks, Seasonings, Soups, Spreads, Sauces, Meat, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

The savory flavor blends market is set for a rapid growth over the forecast period. In terms of revenue, the global savory flavor blends market accounted for USD 6,916.9 Million in 2019 and is expected to reach USD 9,804.3 Million by 2026, growing at a CAGR of 5.1%.

12-Nov-2020 | Number of pages: 110 | Report Code: ZMR-4135 | Report Format : | Status : Published

Abstract

The savory flavor blends market is set for a rapid growth over the forecast period. In terms of revenue, the global savory flavor blends market accounted for USD 6,916.9 Million in 2019 and is expected to reach USD 9,804.3 Million by 2026, growing at a CAGR of 5.1%.

Global Savory Flavor Blends Market: Overview

Savory flavors are produced by using top-most constituents. It comprises of sweetness, saltiness, sourness, and bitterness. These products are used as high-quality seasoning flavor blends across the snack sector.

Global Savory Flavor Blends Market: Growth Factors

The growing use of seasonal and spicy diet worldwide is set to steer savory flavor blends market trends. Professedly, changing food habits of the people as a result of a busy schedule and hectic lifestyles is anticipated to widen the savory flavor blends market scope. Apart from this, the rise in the intake of meat in the diet to overcome protein deficiency will culminate in massive demand for savory flavor blends worldwide. In addition, escalating preference for blending of sweet & savory constituents to produce a single flavor for fulfilling the requirements of various customers will accelerate the size of savory flavor blends market over the ensuing timeline. Medical revolution and advancement in the healthcare sector have enhanced the lifespan of the individuals, thereby resulting in the rise in the population above the age of 65 years. This population is affected due to lack of taste and hence prefer different types of savors across the food & beverages to improve the taste. This factor is likely to provide impetus to business growth.

Moreover, customers tend to pay more premiums on a high-quality diet and thus try to gain exceptional dining experience at restaurants. This can lead to the massive popularity of the product worldwide. Nevertheless, with growing sympathy towards animals and rise in the intake of a vegetarian diet, the growth of savory flavors blends market might receive a jolt over the coming years.

Global Savory Flavor Blends Market: Segmentation

The savory flavor market is segmented into form and application. Based on the form, the savory flavor blends market is divided into powdered form and liquid form. Application wise, the savory flavor blends market is classified into snacks, seasonings, soups, spreads, sauces, meat, and others.

Global Savory Flavor Blends Market: Regional Analysis

Based on the region, the savory flavor blends market is divided into five main regions: Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. With the rise in the old age population and their escalating preference for savory flavor blends, the business in Europe is foreseen to gain traction over the next decade. Italy and Germany are likely to be the major regional revenue pockets.

Countries such as Australia, consume more meat as compared to any other nation across the globe. This, in turn, will give a boost to the market expansion in the Asia Pacific zone. Moreover, Nigeria, an African country, expends half of its overall income on diet. The large populace of the country prefers food in restaurants and hotels. This is anticipated to raise the demand for the savory flavor blends and thus is slated to impact the market progression in the Middle East & Africa.

Global Savory Flavor Blends Market: Competitive Players

Some of key players in savory flavor blends market are Symrise AG, Firmenich SA, Symega, Kerry Group plc, Synergy, Givaudan Flavours Corporation, Kanegrade, Takasago International Corporation, and International Flavours & Fragrances Inc., among others. 

Global Savory Flavor Blends Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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