Savory Ingredients Market to Witness Huge Growth by Key Players: Ajinomoto Co Inc, Koninklijke DSM N.V, Kerry Group PLC, Tate & Lyle PLC, AngelYeast Co. Ltd, Cargill, Sensient Technologies Corporation, ABF Ingredients and Others.
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The Global Savory Ingredients Market is estimated to be valued at USD 7.2 Billion in 2020 and is projected to reach USD 9.3 Billion by 2025, recording a CAGR of 5.2%. This report spread across 165 pages, profiling 20 companies and supported with 121 tables and 46 figures are now available in this research.
Top Key Players Profiled in the Savory Ingredients Market:
o Ajinomoto Co., Inc. (Japan)
o Koninklijke DSM N.V. (Netherlands)
o Kerry Group PLC (Ireland)
o Tate & Lyle PLC (UK)
o AngelYeast Co., Ltd. (China)
o Cargill (US)
o Sensient Technologies Corporation (US)
o ABF Ingredients (OHLY) (Germany)
o Vinayak Ingredients India Pvt Ltd. (India)
o Vedan International (Holdings) Limited (Hong Kong)
o Givaudan (Switzerland)
o Lesaffre Group (France)
o ADM (US)
o Symrise (Germany)
o Synergy Flavors (US)
o Halcyon Proteins Pvy. Ltd. (Australia)
o Novozymes (Denmark)
o Food Chem International (China)
o The Fufeng Group (China)
o Meihua Holdings Group Co., Ltd. (China)
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"By origin, the synthetic segment accounted for a larger share in 2019."
The synthetic segment accounted for a major share of the global savory ingredients market, on the basis of origin, in 2019. Synthetic flavor enhancers are those produced through chemical processes; they are comparatively low-priced because they are easy to avail and produce. In the synthetic savory ingredients market, monosodium glutamate, commonly known as MSG, is the most widely synthesized ingredient. It finds applications in savory foods, soups, sauces, and other processed products.
"By form, the powder segment is estimated to account for the largest share."
Based on form, the savory ingredients market is segmented into powder, liquid, and other forms.The powdered form is estimated to account for the largest share because of its high usage in the food industry. Powdered savory ingredients are widely used in sugary powders, dried cheese powders, sauce powders, savory spice mixes, and soy sauce powder, which are made from fermented beans and roasted ground wheat.
"Asia Pacific accounted for the largest share in the savory ingredients market due to the wider acceptability and usage of savory ingredients in Asian cuisines."
The Asia Pacific region remains a focus area for savory ingredients as consumer awareness is limited, and regulations are not standardized. Growth in the demand can be seen for savory ingredients used in processed food due to the increasingly busy lifestyles of consumers and their preference for ready-to-eat products. China remains the dominating country in the Asia Pacific region.
Breakdown of primary participants' profile:
o By Company Type: Tier 1 -45%, Tier 2 -30%,and Tier 3 -25%
o By Designation: C-level - 25%,D-level -40%, and Others*-35%
o By Region: Asia Pacific - 55%, Europe - 20%, North America - 15%,and RoW**- 10%
Competitive Landscape of Savory Ingredients Market:
2 Competitive Leadership Mapping
2.1 Dynamic Differentiators
2.3 Visionary Leaders
2.4 Emerging Companies
3 Product Portfolio Analysis (Global)
4 Business Strategy Excellence (Global)
5 Competitive Scenario
5.1 Expansions & Investments
5.2 New Product Launches
5.3 Agreements, Joint Ventures, And Partnerships
6 Competitive Leadership Mapping (Start-Up/Sme)
6.1 Progressive Companies
6.2 Starting Blocks
6.3 Responsive Companies
6.4 Dynamic Companies
7 Strength Of Product Portfolio (Start-Up/Sme)
8 Business Strategy Excellence (Start-Up/Sme)
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This report segments the savory ingredients market, on the basis of type, origin, form, application, and region. In terms of insights, this research report focuses on various levels of analyses--competitive landscape, end-use analysis, and company profiles--which together comprise and discuss the basic views on the emerging & high-growth segments of the savory ingredients market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
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