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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 (2017-2027); 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 2022-2027 to attain a value of over USD 12.20 billion by 2027.

 

Global Savoury Ingredients Market

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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.

 

Global Savoury Ingredients Market by Segment

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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.

 

Global Savoury Ingredients Market by Region

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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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Savoury Ingredients Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Savoury Ingredients Historical Market (2017-2021) 
    8.3    Global Savoury Ingredients Market Forecast (2022-2027)
    8.4    Global Savoury Ingredients Market by Source
        8.4.1    Natural
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Synthetic
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Savoury Ingredients Market by Type
        8.5.1    Yeast Extract
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Starch
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Hydrolysed Vegetable Protein
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Hydrolysed Animal Protein
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Nucleotides
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Monosodium Glutamate
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Others
    8.6    Global Savoury Ingredients Market by Application 
        8.6.1    Ready Meals
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Snacks
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Feed
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Savoury Ingredients Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Associated British Foods plc
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Ajinomoto Co., Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Givaudan SA
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Koninklijke DSM N.V.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Symrise AG
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Savoury Ingredients Market: Key Industry Highlights, 2017 and 2027
2.    Global Savoury Ingredients Historical Market: Breakup by Source (USD Billion), 2017-2021
3.    Global Savoury Ingredients Market Forecast: Breakup by Source (USD Billion), 2022-2027
4.    Global Savoury Ingredients Historical Market: Breakup by Type (USD Billion), 2017-2021
5.    Global Savoury Ingredients Market Forecast: Breakup by Type (USD Billion), 2022-2027
6.    Global Savoury Ingredients Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Savoury Ingredients Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Savoury Ingredients Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Savoury Ingredients Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Savoury Ingredients Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Savoury Ingredients Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 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 2022-2027, 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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