The Asia Pacific Savory Ingredients Market would witness market growth of 7.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Savory Ingredients Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.50 billion by 2031. The Japan market is registering a CAGR of 6.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.3% during (2024 - 2031).
The food industry's savory ingredients market is a dynamic segment distinguished by a diverse selection of products that enhance the flavor, aroma, and overall appeal of food. As consumer preferences shift towards more complex and diverse taste experiences, the demand for savory ingredients has grown substantially.
Additionally, the production of a wide variety of food items, such as seasonings, processed meats, sauces, ready-to-eat meals, and munchies, these components are essential components that must be present.
The fast-paced lifestyle and urbanization trends across the Asia Pacific drive the consumption of convenient food options like ready-to-eat meals and savory snacks. Savory ingredients are essential for improving the flavor and allure of these convenient food products. The increasing disposable incomes in China have significantly boosted the demand for savory ingredients, as more consumers are willing to spend on diverse and premium food products.
Based on Source, the market is segmented into Natural, and Synthetic. Based on Application, the market is segmented into Snacks, Ready Meals, Feed, and Others. Based on Type, the market is segmented into Monosodium Glutamate, Yeast Extract, Starch, Hydrolyzed Vegetable Protein, Hydrolyzed Animal Protein, Nucleotides, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Savory Ingredients Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.50 billion by 2031. The Japan market is registering a CAGR of 6.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.3% during (2024 - 2031).
The food industry's savory ingredients market is a dynamic segment distinguished by a diverse selection of products that enhance the flavor, aroma, and overall appeal of food. As consumer preferences shift towards more complex and diverse taste experiences, the demand for savory ingredients has grown substantially.
Additionally, the production of a wide variety of food items, such as seasonings, processed meats, sauces, ready-to-eat meals, and munchies, these components are essential components that must be present.
The fast-paced lifestyle and urbanization trends across the Asia Pacific drive the consumption of convenient food options like ready-to-eat meals and savory snacks. Savory ingredients are essential for improving the flavor and allure of these convenient food products. The increasing disposable incomes in China have significantly boosted the demand for savory ingredients, as more consumers are willing to spend on diverse and premium food products.
Based on Source, the market is segmented into Natural, and Synthetic. Based on Application, the market is segmented into Snacks, Ready Meals, Feed, and Others. Based on Type, the market is segmented into Monosodium Glutamate, Yeast Extract, Starch, Hydrolyzed Vegetable Protein, Hydrolyzed Animal Protein, Nucleotides, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Sensient Technologies Corporation
- Kerry Group plc.
- Archer Daniels Midland Company
- AngelYeast Co., Ltd.
- Tate & Lyle plc
- Associated British Foods PLC (Wittington Investments Limited)
- Koninklijke DSM N.V.
- Givaudan International SA
- Symrise AG
- Ajinomoto Co., Inc.
Market Report Segmentation
By Source- Natural
- Synthetic
- Snacks
- Ready Meals
- Feed
- Others
- Monosodium Glutamate
- Yeast Extract
- Starch
- Hydrolyzed Vegetable Protein
- Hydrolyzed Animal Protein
- Nucleotides
- Others
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Savory Ingredients Market by Source
Chapter 5. Asia Pacific Savory Ingredients Market by Application
Chapter 6. Asia Pacific Savory Ingredients Market by Type
Chapter 7. Asia Pacific Savory Ingredients Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Sensient Technologies Corporation
- Kerry Group plc.
- Archer Daniels Midland Company
- AngelYeast Co., Ltd.
- Tate & Lyle plc
- Associated British Foods PLC (Wittington Investments Limited)
- Koninklijke DSM N.V.
- Givaudan International SA
- Symrise AG
- Ajinomoto Co., Inc.
Methodology
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