The Europe Savory Ingredients Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Savory Ingredients Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $804.7 million by 2031. The UK market is exhibiting a CAGR of 6.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8% during (2024 - 2031).
One of the primary drivers of the market is the of cuisines. As people worldwide become more interconnected, there is a growing appreciation for ethnic and regional cuisines that were once confined to specific geographical areas.
Moreover, this exposure has sparked a burgeoning interest in new and unique culinary experiences, leading to heightened demand for ingredients and flavors integral to these cuisines. Innovation in food products is another significant factor contributing to the growth of the savory ingredients market.
Europe is a significant savory ingredients market characterized by a strong culinary tradition and high demand for traditional and innovative flavors. The region's diverse food culture, ranging from Mediterranean to Nordic cuisines, drives the demand for various savory ingredients. The United Kingdom has seen a significant increase in the demand for savory ingredients, driven by the of food culture.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Savory Ingredients Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $804.7 million by 2031. The UK market is exhibiting a CAGR of 6.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8% during (2024 - 2031).
One of the primary drivers of the market is the of cuisines. As people worldwide become more interconnected, there is a growing appreciation for ethnic and regional cuisines that were once confined to specific geographical areas.
Moreover, this exposure has sparked a burgeoning interest in new and unique culinary experiences, leading to heightened demand for ingredients and flavors integral to these cuisines. Innovation in food products is another significant factor contributing to the growth of the savory ingredients market.
Europe is a significant savory ingredients market characterized by a strong culinary tradition and high demand for traditional and innovative flavors. The region's diverse food culture, ranging from Mediterranean to Nordic cuisines, drives the demand for various savory ingredients. The United Kingdom has seen a significant increase in the demand for savory ingredients, driven by the of food culture.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Savory Ingredients Market by Source
Chapter 5. Europe Savory Ingredients Market by Application
Chapter 6. Europe Savory Ingredients Market by Type
Chapter 7. Europe 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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