Savory Ingredients - Global Strategic Business Report

The global market for Savory Ingredients was estimated at US$8.6 Billion in 2023 and is projected to reach US$12.5 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Savory Ingredients Market - Key Trends and Drivers Summarized

Savory Ingredients: What Is Stirring Up the Global Flavors Market?

Savory ingredients are essential in the food and beverage industry, providing the flavor and sensory appeal that consumers crave. As consumer preferences shift towards healthier and more natural food options, the demand for savory ingredients such as herbs, spices, yeast extracts, and plant-based flavors is rising. The growing trend of clean-label products, where consumers seek transparency in ingredients and processing methods, is pushing food manufacturers to use natural savory ingredients that deliver authentic taste without artificial additives. This shift is particularly pronounced in processed foods, ready meals, and snacks, where taste and health benefits must be balanced to appeal to health-conscious consumers.

How Are Health and Wellness Trends Reshaping the Savory Ingredients Market?

The global focus on health and wellness is significantly impacting the savory ingredients market, with an increasing demand for low-sodium, low-fat, and low-sugar formulations. Innovations in fermentation and enzymatic processes are enhancing the production of savory flavors and taste enhancers like yeast extracts, which offer a rich umami flavor without the need for excessive salt or sugar. Additionally, the rise of plant-based diets and the growing vegan and vegetarian population are driving the demand for meat substitute flavors and plant-based savory ingredients. These trends are prompting food manufacturers to develop innovative formulations that cater to evolving consumer tastes while maintaining nutritional integrity.

What Opportunities Are Emerging for Savory Ingredients in Global Markets?

The savory ingredients market is expanding globally, with significant growth opportunities arising from increasing urbanization, busy lifestyles, and the rising demand for convenience foods. The expanding foodservice industry, especially in fast-growing economies, is boosting the use of customized savory blends and seasonings that cater to local and regional flavor preferences. Furthermore, the growing interest in ethnic cuisines and global flavors is creating opportunities for diverse savory ingredients such as spice mixes, soy sauces, and condiments. Innovations in food processing technologies are also enabling the development of novel savory ingredients that offer enhanced flavor, shelf-life, and nutritional benefits, thereby broadening the market scope.

What Drives the Growth in the Savory Ingredients Market?

The growth in the savory ingredients market is driven by several factors, including changing consumer preferences, health and wellness trends, and advancements in food technology. The increasing demand for natural and clean-label ingredients is a major growth driver, as consumers become more conscious about the ingredients in their food. The rise of the vegan and plant-based food movement is also propelling the market for plant-based savory ingredients that offer similar flavors and textures to meat. The demand for low-sodium and healthier food alternatives is encouraging the use of natural taste enhancers like yeast extracts and fermented ingredients. Moreover, the rapid growth of the convenience food sector, coupled with a growing interest in ethnic and regional flavors, is fueling demand for diverse savory ingredients across global markets.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Powder Ingredients segment, which is expected to reach US$8.4 Billion by 2030 with a CAGR of a 5.4%. The Liquid Ingredients segment is also set to grow at 7.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.3 Billion in 2023, and China, forecasted to grow at an impressive 9.6% CAGR to reach $3.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Savory Ingredients Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Savory Ingredients Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Savory Ingredients Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as AB Mauri Foods Inc., ABS Food Ingredients, Almast S.R.L., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 12 Featured):

• AB Mauri Foods Inc.
• ABS Food Ingredients
• Almast S.R.L.
• Feinbackerei Thiele GmbH
• Karlsburger Foods, Inc.
• Koninklijke DSM N.V.
• LABETA, a.s.
• Lesaffre Group
• Lesaffre Management (Shanghai) Co., Ltd.
• Maravai Life Sciences