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Global Savoury Ingredients Market: By Source: Natural, Synthetic; By Type: Yeast Extract, Starch, Hydrolysed Vegetable Protein, Hydrolysed Animal Protein, Nucleotides, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Savoury Ingredients Market Outlook
The global savoury ingredients market stood at a value of more than USD 7.8 billion in 2021. The market is further expected to grow at a CAGR of 7.8% in the forecast period of 2023-2028 to attain a value of over USD 12.20 billion by 2027.
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The Monosodium Glutamate Segment Holds a Significant Share in the Global Savoury Ingredients Industry
The monosodium glutamate (MSG) segment, based on type, accounts for a significant share in the market owing to a wide range of applications of the product, along with its low cost. Monosodium glutamate has the ability to enhance the savoury, meaty, and umami flavours of the foods or dishes and is utilised in frozen foods, spice mixes, canned and dry soups, salad dressings, and meat and fish-based food products. Furthermore, the growing demand for MSG in Asian and Western cooking is anticipated to augment the growth of the segment.
The Asia Pacific Accounts for a Significant Share of the Savoury Ingredients Industry
The market for savoury ingredients in the Asia Pacific is driven by the thriving food industry in the region, which is supported by the changing lifestyles, rising disposable income, and the growing population in the region. Additionally, the regional market is expected to be propelled by the rising demand for fish and meat products. Furthermore, the growing popularity of Asian cuisines owing to a significant growth of the travel and tourism industry in countries like India, China, Japan, South Korea, and others is anticipated to augment the market expansion in the region.
Savoury Ingredients: Market Segmentation
Savoury ingredients are the ingredients that enhance the flavours of the food when added during food processing. They provide the food with natural aromatic flavour and improve the shelf life of the product. Savoury ingredients also bolster the quality of the food products.
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Based on source, the market can be segmented into:
- Natural
- Synthetic
The different types of savoury ingredients include:
- Yeast Extract
- Starch
- Hydrolysed Vegetable Protein
- Hydrolysed Animal Protein
- Nucleotides
- Monosodium Glutamate
- Others
The market can be segmented, on the basis of application, into:
- Ready Meals
- Snacks
- Feed
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Ready Meals and Snacks to Boost the Growth of the Savoury Ingredients Industry
The global savoury ingredients industry is driven by the rising utilisation of savoury ingredients in ready meals and snacks. This can be attributed to the growing advancements in the food processing sector and the rising demand for ready-to-eat food products. Nowadays, snacks and ready meals come in a range of diverse flavours and natural aromas, achieved by the addition of savoury ingredients. Furthermore, the growing competition among the major food manufacturing companies, coupled with the cost-effectiveness and easy availability of fish and meat-based meals and snacks, is likely to augment the market growth in the forecast period.
Key Industry Players in the Global Savoury Ingredients Market
The report gives a detailed analysis of the following key players in the global savoury ingredients market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Associated British Foods plc
- Ajinomoto Co., Inc.
- Givaudan SA
- Koninklijke DSM N.V.
- Symrise AG
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Type, Application, Region |
| Breakup by Source | Natural, Synthetic |
| Breakup by Type | Yeast Extract, Starch, Hydrolysed Vegetable Protein, Hydrolysed Animal Protein, Nucleotides, Monosodium Glutamate, Others |
| Breakup by Application | Ready Meals, Snacks, Feed, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Associated British Foods plc, Ajinomoto Co., Inc., Givaudan SA, Koninklijke DSM N.V., Symrise AG, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Savoury Ingredients Market Analysis
8.1 Key Industry Highlights
8.2 Global Savoury Ingredients Historical Market (2018-2022)
8.3 Global Savoury Ingredients Market Forecast (2023-2028)
8.4 Global Savoury Ingredients Market by Source
8.4.1 Natural
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Savoury Ingredients Market by Type
8.5.1 Yeast Extract
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Starch
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Hydrolysed Vegetable Protein
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Hydrolysed Animal Protein
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Nucleotides
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Monosodium Glutamate
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Savoury Ingredients Market by Application
8.6.1 Ready Meals
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Snacks
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Feed
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Savoury Ingredients Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Savoury Ingredients Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Savoury Ingredients Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Savoury Ingredients Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Savoury Ingredients Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Savoury Ingredients Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Associated British Foods plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Ajinomoto Co., Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Givaudan SA
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Koninklijke DSM N.V.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Symrise AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Savoury Ingredients Market: Key Industry Highlights, 2018 and 2028
2. Global Savoury Ingredients Historical Market: Breakup by Source (USD Billion), 2018-2022
3. Global Savoury Ingredients Market Forecast: Breakup by Source (USD Billion), 2023-2028
4. Global Savoury Ingredients Historical Market: Breakup by Type (USD Billion), 2018-2022
5. Global Savoury Ingredients Market Forecast: Breakup by Type (USD Billion), 2023-2028
6. Global Savoury Ingredients Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Savoury Ingredients Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Savoury Ingredients Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Savoury Ingredients Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Savoury Ingredients Market Structure
Key Questions Answered in the Report
In 2021, the global savoury ingredients market attained a value of more than USD 7.8 billion.
The market is estimated to grow at a CAGR of 7.8% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach over USD 12.20 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising applications of savoury ingredients in ready meals and snacks and the growing popularity of spicy and bitter-sweet foods, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing inclination towards natural ingredients as well as the increasing consumer preference for clean-labelled food products.
Natural and synthetic are the different sources considered within the market report.
Yeast extract, starch, hydrolysed vegetable protein, hydrolysed animal protein, nucleotides, and monosodium glutamate, among others are the major types of savoury ingredients.
Ready meals, snacks, and feed, among others are the different applications of savoury ingredients.
The major players in the industry are Associated British Foods plc, Ajinomoto Co., Inc., Givaudan SA, Koninklijke DSM N.V., and Symrise AG, among others.
Analyst Review
The global savoury ingredients market attained a value of over USD 7.8 billion in 2021, driven by the rising demand for savoury ingredients in the food industry. Aided by the increasing inclination towards food with natural and aromatic flavours, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.8%. The market is projected to reach a value of more than USD 12.20 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on source, the market is divided into natural and synthetic. On the basis of type, the market is divided into yeast extract, starch, hydrolysed vegetable protein, hydrolysed animal protein, nucleotides, and monosodium glutamate, among others. The significant applications of savoury ingredients include ready meals, snacks, and feed, among others. The major regional markets for savoury ingredients are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Associated British Foods plc, Ajinomoto Co., Inc., Givaudan SA, Koninklijke DSM N.V., and Symrise AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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