Savoury Ingredients Market

Savoury Ingredients Market was worth USD 6.1 billion in 2019 and estimated to be growing at a CAGR of 5.62%, to reach USD 8 billion by 2026. Savoury ingredients are kind of flavour enhancer which possess the property to modify flavours in food without contributing to any separate flavour of their own

Savoury Ingredients are mostly used when manufacturing processed savoury foods like snacks, frozen meals and others. Savoury ingredients impart pleasant taste and smell especially by reason of effective seasoning. Savoury ingredients play an important role in enhancing the umami flavour of the product which is supporting its growth in the current scenario.

Factors attributable for the growth of market are rising disposable income, increasing demand for Ready-to-eat foods and ready-to-cook foods. Savoury ingredients are used in the animal feed & pet food industry to enhance food flavours, and the growing demand for packaged food is also expected to boost the growth of market. However, health issues in long term use of these ingredients and stringent regulations are hindering the growth of market.

The Global market for Savoury Ingredients is segmented based on Type, Origin, Form and Application. Based on Type – Yeast Extracts, Hydrolysed Vegetable protein, Hydrolysed Animal protein, Monosodium Glutamate, Nucleotides and Others. Based on Origin – Natural and Synthetic. Based on form – Powder, Liquid and Other. Based on Applications – Food and Feed. Based on Geographical analysis the market is separated into regions of North America, Asia-Pacific, Europe, Latin America and Middle East and Africa. North America is leading the market regionally, followed by Asia-Pacific due to the presence of large population base of consumers opting processed food and ready to eat products. Asia Pacific is expected to grow the fastest owing to its increasing disposable income, rise in living standards and growing adoption rate. Food segment is the largest in terms of application and is expected to grow the fastest due to increasing use of convenient and ready to east meal industry. Yeast extract segment is expected to grow the fastest due to the shift of consumers towards natural food and feed ingredients. With increase in awareness amongst consumers about the health and environmental concerns, the demand for the natural ingredients is increasing to ensure the quality and safety of food products. These ingredients do not contain any artificial or chemical flavouring substances, and can be used in their natural form. Focusing on the rising demand for natural food products and increasing health and wellness awareness among consumers, most chemically manufactured food ingredients are being replaced by natural ones.

Some of the key manufacturers of Savoury Ingredients are Ajionomoto Co., Inc., Koninklijke DSM N.V., Kerry Group PLC, Tate & Lyle PLC, Givaudan, Symrise AG, Lesaffre Group, Senseint Technologies Corporation, Angelyeast Co., Ltd., Vedan International (Holdings) Limited