The Latin America, Middle East and Africa Savory Ingredients Market would witness market growth of 8.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Savory Ingredients Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $268.7 million by 2031. The Argentina market is showcasing a CAGR of 9.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.1% during (2024 - 2031).
The premiumization of food products drives the demand for high-quality savory ingredients. As disposable incomes rise, particularly in developing regions, consumers will spend more on premium food products that promise superior taste and quality.
Moreover, this willingness to invest in premium offerings has incorporated gourmet savory ingredients, such as truffle oil, aged balsamic vinegar, and artisanal cheeses, into everyday food products.
The LAMEA region presents a diverse and growing market for savory ingredients. The culinary traditions in this region are rich and varied, with a strong emphasis on bold and flavorful foods. Countries such as Brazil and South Africa are major contributors to the savory ingredients market in LAMEA. In Latin America, the demand for savory ingredients is driven by the popularity of traditional foods such as tacos, empanadas, and feijoada, which rely heavily on spices, herbs, and seasoning blends.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Savory Ingredients Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $268.7 million by 2031. The Argentina market is showcasing a CAGR of 9.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.1% during (2024 - 2031).
The premiumization of food products drives the demand for high-quality savory ingredients. As disposable incomes rise, particularly in developing regions, consumers will spend more on premium food products that promise superior taste and quality.
Moreover, this willingness to invest in premium offerings has incorporated gourmet savory ingredients, such as truffle oil, aged balsamic vinegar, and artisanal cheeses, into everyday food products.
The LAMEA region presents a diverse and growing market for savory ingredients. The culinary traditions in this region are rich and varied, with a strong emphasis on bold and flavorful foods. Countries such as Brazil and South Africa are major contributors to the savory ingredients market in LAMEA. In Latin America, the demand for savory ingredients is driven by the popularity of traditional foods such as tacos, empanadas, and feijoada, which rely heavily on spices, herbs, and seasoning blends.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Savory Ingredients Market by Source
Chapter 5. LAMEA Savory Ingredients Market by Application
Chapter 6. LAMEA Savory Ingredients Market by Type
Chapter 7. LAMEA 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
LOADING...
