North America Savory Ingredients Market Size, Share, Trends & Growth Forecast Report By Type (Monosodium Glutamate (MSG), Yeast Extracts, HVPs, HAPs, Nucleotides, and Others), Form (Powder, Liquid, and Others), Origin (Natural and Synthetic), Application (Food and Feed) and Country (The United States, Canada and Rest of North America), Industry Analysis From 2024 to 2032

Updated On: June, 2024
ID: 9604
Pages: 135

North America Savory Ingredients Market Size

The savory ingredients market size in North America was valued at USD 2.59 billion in 2023. The regional market is estimated to be worth USD 3.89 billion by 2032 from USD 2.71 billion in 2024, exhibiting a CAGR of 5.2% from 2024 to 2032. The demand for flavor enhancers has been shown to increase significantly due to the availability of a wide variety of food options for consumers.

Savory Ingredients are used to give the food a pleasant and salty taste. In the past, it was recognized by the food processing industry, restaurants, and other food service agencies. Savory ingredients are used in prepared foods such as dehydrated noodles, soups, or prepared meals. Other products that contain salty ingredients include potato chips, extruded snacks, fruit snacks, nuts, popcorn, pretzels, and corn chips. MSG is the most widely used flavor ingredient. Taste preferences vary from person to person. Sometimes, it depends on the local or regional level. Companies operating in the salty materials market are dedicated to developing new products to suit local tastes. Ajinomoto divided the product portfolio according to the taste of each country. Savory ingredients give a natural flavor and are mainly used in the production of prepared foods, meat products, nutritional foods and condiments. They can also be used to minimize salt content in food preparation.

MARKET DRIVERS

The growing demand for exotic, racial and hot spices in food categories such as salty snacks, soups and ready-to-eat foods is anticipated to propel the savory ingredients market in North America. The demand for foods with different flavors is growing exponentially in North America. To meet these demands, innovative and cost-effective flavor production methods that are added as flavor enhancers are expected to promote the growth of the North American Savory Ingredients market. More and more health-related consumers are focusing on balancing health needs and satisfaction. The impact of snack trends toward functional and health-promoting products is highlighted in the salty ingredients space, requiring manufacturers to redefine their product growth and innovation strategies. Analyzes the development trend of the food and beverage industry and analyzes its impact on the future development of the salty materials market. The increase in disposable income has increased the consumption of time-saving foods, which is expected to stimulate regional market growth in the coming years.

The rising usage of salty ingredients in the food service industry in North America is additionally fuelling regional market expansion. Convenience food products provide solutions to balance work life and stress-related problems by minimizing meal effort and preparation time. Increased consumption of convenience products is expected to drive demand during the forecast period. As the prefab lifestyle increases and disposable income increases, the consumption of precast and ready-to-cook products is rising, which promotes the expansion of the North America savory ingredients market. Besides, Savory Ingredients are cost-effective because they are widely used as thickeners, stabilizers, and emulsifiers in various foods. The growth of the North American savory Ingredients market is accelerating as consumers grow in health awareness and demand for ready-to-eat food. There is a growing demand for healthy and nutritious food products, including those with "All Season" and "Clean Label" claims.

Also, these ingredients are cost-effective, and many food processing industries are expected to use stabilizers, emulsifiers, thickeners, etc., in food ingredients to accelerate the growth of the North American Savory Ingredients market. The highest demand for processed foods and culinary products is expected to experience high demand from the United States and Canada. As the demand for high-quality food increases and consumption patterns change, the call for natural flavors like Umami is a major driving force in this market. Technological advances in developing countries and improved distribution networks have created opportunities for substantial growth in salty materials. Also, the growing interest in R&D is driving innovation in a wide range of applications across multiple product categories. As the number of quick-service restaurants (QSRs) has skyrocketed and the food culture is rapidly adopted, it is contributing to the growth of the savory ingredients market. Food manufacturers and culinary experts in the region are reconsidering how to use ingredients that bring a salty and salty flavor to foods. This will also benefit active players in the salty ingredient market. Spray-dried salty ingredients have been rapidly adopted in recent years as they enhance the taste of cooked food. This provides a favorable opportunity for market participants during the forecast period. The increased consumption of snacks, soups, and meat products will stimulate North American savory Ingredients market opportunities in the coming years, and using salty ingredients in cured meat products to enhance flavor will accelerate market growth. Evolving consumer preferences and eating habits will eventually drive North American market growth.

MARKET RESTRAINTS

Increased awareness of the adverse effects of synthetic flavor ingredients like MSG is one of the main factors limiting market growth in developed regions where consumers are more inclined to natural ingredients like yeast extract. Health-related concerns and stringent regulations imposed by government agencies hinder North American savory Ingredients growth. It is expected to slow the growth of the market with harmful side effects associated with North American consumption of Savory Ingredients, a greater consumer movement for clean labels and a greater concern for the consumption of natural and fresh foods. The COVID-19 epidemic affected the growth of both worldwide and regional markets. Reduced consumption of poultry, meat and seafood products is expected to reduce demand for savory ingredients in the future.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2032

Forecast Period

2024 to 2032

CAGR

4.63%

Segments Covered

By Type, Application, Form, Origin, and Country

Various Analyses Covered

Global, Regional, & Country Level Analysis; Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Countries Covered

The United States, Canada andthe  Rest of North America

Market Leaders Profiled

Kerry Group PLC, Ajinomoto Co., Inc., ADM Company, Givaudan, Koninklijke DSM N.V, Tate & Lyle PLC, Lesaffre Group, AngelYeast Co., Ltd, Cargill Inc., and Sensient Technologies Corp.

 

REGIONAL ANALYSIS

North America had the largest share of the global savory ingredients market in 2023. In value terms, the North American market will continue to grow at more than half of the market share. Increasing disposable income per capita and increased demand for ready-to-eat foods will drive demand for this regional business.

KEY MARKET PARTICIPANTS

Kerry Group PLC, Ajinomoto Co., Inc., ADM Company, Givaudan, Koninklijke DSM N.V, Tate & Lyle PLC, Lesaffre Group, AngelYeast Co., Ltd, Cargill Inc., and Sensient Technologies Corp are some of the noteworthy players in the North American savory ingredients market.

RECENT HAPPENINGS IN THE MARKET

  • In December 2018, the Kerry Group, a leading food company in Ireland, announced the acquisition of Ariake U.S.A., Inc., a food production company that manufactures natural condiments as natural, clean-label, tasty, and flavorful solutions.
  • Royal DSM N.V., a leading player in the savory ingredients business, confirmed the purchase of AVA, a customized nutrition platform in the USA. AVA is known to provide nutrition and diet suggestions in various health and wellness centers.

MARKET SEGMENTATION

This research report on the North American savory ingredients market is segmented and sub-segmented into the following categories.

By Type

  • Monosodium Glutamate (MSG)  
  • Yeast Extracts      
  • HVPs
  • HAPs
  • Nucleotides

By Application

  • Food 
  • Feed

By Form

  • Powder       
  • Liquid

By Origin

  • Natural       
  • Synthetic  

By Country

  • The United States
  • Canada
  • Rest of North America

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