The Global Savory Ingredients Market size is expected to reach $14 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period.
Nucleotides are essential flavor enhancers that work synergistically with other savory ingredients to create a rich and satisfying taste experience. They are commonly used in soups, broths, seasonings, and meat products to enhance umami flavors. The incorporation of nucleotides into a diverse array of food formulations has been driven by the growing demand for processed and convenience foods. Their ability to provide a depth of flavor and improve the overall taste profile of food products has made them a valuable ingredient in the market. Thus, the Nucleotides segment generated 14% revenue share in the market 2023.
The global expansion of the food service industry, including restaurants, fast food chains, and ready-to-eat meal providers, is significantly driving the demand for savory ingredients to enhance the flavor profiles of their offerings.
Additionally, as people worldwide become more interconnected, they are increasingly exposed to various ethnic and regional cuisines that were once confined to specific geographical areas. This exposure has sparked a growing curiosity and appreciation for new and unique culinary experiences, driving the demand for ingredients and flavors integral to these global cuisines. Thus, the globalization of food culture significantly aids in the market's growth.
However, the production of specific savory ingredients frequently results in substantial expenditures because of the intricate manufacturing processes and the high cost of basic materials. The collective effect of these factors is an increase in production costs, which is ultimately reflected in the escalating prices of end products. Hence, the aforementioned factors may hamper the growth of the market.
Nucleotides are essential flavor enhancers that work synergistically with other savory ingredients to create a rich and satisfying taste experience. They are commonly used in soups, broths, seasonings, and meat products to enhance umami flavors. The incorporation of nucleotides into a diverse array of food formulations has been driven by the growing demand for processed and convenience foods. Their ability to provide a depth of flavor and improve the overall taste profile of food products has made them a valuable ingredient in the market. Thus, the Nucleotides segment generated 14% revenue share in the market 2023.
The global expansion of the food service industry, including restaurants, fast food chains, and ready-to-eat meal providers, is significantly driving the demand for savory ingredients to enhance the flavor profiles of their offerings.
Additionally, as people worldwide become more interconnected, they are increasingly exposed to various ethnic and regional cuisines that were once confined to specific geographical areas. This exposure has sparked a growing curiosity and appreciation for new and unique culinary experiences, driving the demand for ingredients and flavors integral to these global cuisines. Thus, the globalization of food culture significantly aids in the market's growth.
However, the production of specific savory ingredients frequently results in substantial expenditures because of the intricate manufacturing processes and the high cost of basic materials. The collective effect of these factors is an increase in production costs, which is ultimately reflected in the escalating prices of end products. Hence, the aforementioned factors may hamper the growth of the market.
Driving and Restraining Factors
Drivers- Expansion of the food service industry
- Globalization of food culture
- Development of new and improved savory products
- High cost of raw materials
- Competition from alternative products
- Escalating demand for convenience foods
- Rising disposable incomes of consumers
- Increased awareness of health issues
- Stringent food safety regulations and standards
Type Outlook
On the basis of type, the market is classified into yeast extract, starch, hydrolyzed vegetable protein, hydrolyzed animal protein, nucleotides, monosodium glutamate, and others. The monosodium glutamate segment acquired 29% revenue share in the market in 2023. The capacity of MSG to intensify and balance savory flavors has made it a popular flavor enhancer in a variety of processed foods, soups, munchies, and ready-to-eat meals.Source Outlook
Based on source, the market is bifurcated into natural and synthetic. The natural segment garnered 55% revenue share in the market in 2023. This strong performance is largely attributable to several key trends and consumer preferences.Application Outlook
By application, the market is divided into ready meals, snacks, feed, and others. The ready meals segment procured 28% revenue share in the market in 2023. The demand for ready meals has been driven by the busy lifestyles of consumers, who seek convenient and quick meal solutions without compromising taste and nutrition.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded 28% revenue share in the market in 2023. There are numerous factors that contribute to this dominance, such as the region's well-established food industry.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
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- 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. Global Savory Ingredients Market by Source
Chapter 5. Global Savory Ingredients Market by Application
Chapter 6. Global Savory Ingredients Market by Type
Chapter 7. Global Savory Ingredients Market by Region
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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