Global Savory Ingredients Market: Overview
The savory ingredients are nothing but flavor enhancers which consists of properties that alter the flavors of the food items without having the need to contribute the separate ones of their own. In the savory products such as frozen savory meals and snacks, the savory flavors act as an important ingredient during the manufacturing process. By using the savory ingredients a pleasant aroma and taste are produced. The overall essence of the food product is improved when savory food ingredients are used thus the market is expected to increase widely in the future.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Savory Ingredients Market: Segmentation
The global savory ingredients market is segmented into its type, application, origin, form and region. On the basis of the type, the market is segregated into hydrolyzed vegetable protein, monosodium glutamate, soy sauce powder, yeast extracts, hydrolyzed animal protein, nucleotides and others. The application areas where the savory ingredients are used include feed and food. There are two origins of the savory ingredients which are synthetic and natural. On the basis of form, the market is categorized into powder, liquid, paste, spray and others. Region-wise, the global market is diversified into North America, Asia-Pacific, Europe, Latin America and Rest of the World.
Global Savory Ingredients Market: Growth Factors
Nowadays, the consumers prefer consuming foods that are more convenient to cook and have good taste, thus driving the savory ingredients market. Factors such as the disposable incomes of the people along with the busy lifestyles have altered the food habits owing to which the food consumption patterns have also changed. People are now looking out for food options that takes less time for cooking and is tasty, thus giving a positive momentum to the market growth. The savory ingredients are cost effective owing to this the manufacturers are using them as stabilizers, thickening agents and emulsifiers in various food products. There is also rise in demand for the yeast extracts. They are natural savory ingredients that are used to produce bread, wine and beer. They are rich in valuable nucleotides, vitamin B complex and amino acids and thus they are majorly used as flavor enhancers. The factor that is affecting the market negatively is the health hazards that are involved in using the savory ingredients in the food products.
Global Savory Ingredients Market: Regional Analysis
The region that is dominating the savory ingredients market is the Asia-Pacific region. The factors that are contributing towards this growth are the increased demand for the ready-to-make food products, increased working population, rise in disposable income and urbanization. This growth is majorly witnessed in countries such as China, Vietnam and Japan owing to the rise in the purchasing power of the consumers. The South East Asian countries such as South Korea, Indonesia and Thailand are also contributing to the market growth. Europe holds second place in the savory ingredients market.
Global Savory Ingredients Market: Competitive Players
The key market players in the savory ingredients market include Angel Yeast Co., Ltd., Sensient Technologies Corporation, Tate & Lyle Plc., Diana Group, Vedan International Holdings Ltd., Givaudan S.A. and Lesaffre Group.
Global Savory Ingredients Market: Regional Segment Analysis
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