Savory Ingredients Market 2018 - 2023 | Key Players Analysis by- Koninklijke DSM N.V, Ajinomoto Co, Kerry Group plc, Tate & Lyle plc, Givaudan S.A, Symrise AG, Sensient Technologies Corporation, Vedan International

Market Definition:

Savory ingredients are flavor enhancers which alter the flavors of food items which is used as an additive in food processing to improve the quality and shelf life of food products. It is used as a food additive which helps in enhancing the aroma, delicious and authentic taste to food products. The major types of savory ingredients are yeast extract, starch, protein, monosodium glutamate, nucleotides, and others. it is also used in the food industry(soups, dips, meat & seafood, instant noodles & sauces, bakery products, and savory snacks) due to increasing in demand of ready-to-cook and ready-to-eat food products and changing consumption pattern. These are used as a thickening agent, stabilizers, and emulsifiers in various food products. Broad applications across various industries help to anticipated the savory Ingredients market growth across various regions.

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Key Findings:

Increased demad in processed food and culinary products is projected to experience a high demand from North America and Europe
Increasing demand for high-quality food products and changing consumption pattern increase the demand for natural flavors, such as Umami are the major driving factor for this market.

Segments:

The global savory ingredients market is segmented into type, source, function, and application.

On the basis of type, savory ingredients market is segmented into yeast extract, starch, protein, monosodium glutamate, nucleotides and others. Among all, the monosodium glutamate segment will witness exponential growth rate during the forecast period, as it acts as a thickening and stabilizing agent in food products.

On the basis of source, savory ingredients market is segmented into natural and synthetic. Among all, natural source segment holds the major market share, due to health consciousness among consumers.

On the basis of application, it is segmented into food and feed. Among all, the food segment dominates the market followed by feed industries owning to its high application as a food texture enhancer.

Regional Analysis:

North America will witness maximum growth in the Savory Ingredients market followed by Europe. In terms of value, the market size of North America will continue to be high with more than half of the market share. The increasing per capita disposable income in India and China and growing demand for ready-to-cook and ready-to-eat food products will drive the demand for savory Ingredients.

Furthermore, changing lifestyle and shifting food consumption pattern in countries like China and India will propel the growth of savory ingredients in the Asia Pacific. High volume consumption of sauces and noodles in Asia Pacific region is expected to grow the fastest in near future.

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Key Players:

Some of the key players profiled in the global Savory Ingredients market: Koninklijke DSM N.V. (Netherlands), Ajinomoto Co. Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (UK), Givaudan S.A. (Switzerland), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Vedan International (Holdings) Limited (Hong Kong), AngelYeast Co. Ltd. (China) and among others.

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