Savory Ingredients Market with Competitive Analysis, New Business Developments and Top Companies

Savory Ingredients Market

Savory ingredients are flavor enhancers, such as cheese, sauces, ready to eat meat, and condiments, which are widely used in the food industry for their antiseptic properties. Rising disposable income has increased the consumption of ready-to-eat food items and packaged food items, further driving the market growth. However, growing health concerns and stringent government regulations over-packaged food items hamper the market growth. Rising demand for spray-dried savory ingredients to improve the flavor and enhance the taste drives the market growth.

The Major Players Covered in this Report:
Ajinomoto Co., Inc. (Japan), Koninklijke DSM N.V. (the Netherlands), Kerry Group PLC (Ireland), Tate & Lyle PLC (the U.K.), AngelYeast Co., Ltd. (China), Cargill Incorporated (the U.S.), Sensient Technologies Corporation (the U.S.), ABF Ingredients (OHLY) (Germany), Vinayak Ingredients India Pvt Ltd. (India), Vedan International (Holdings) Limited (Hong Kong), Givaudan (Switzerland), Lesaffre Group (France), ADM (the U.S.), Symrise (Germany), Synergy Flavors (the U.S.), Halcyon Proteins Pvt. Ltd. (Australia), Novozymes (Denmark), Food Chem International (China), The Fufeng Group (China), Meihua Holdings Group Co., Ltd. (China) 

In 2020, the global Savory Ingredients market size was million US$ and it is expected to reach a million US$ by the end of 2026, with a CAGR between 2021 and 2026.

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By Type Monosodium Glutamate, Yeast Extracts, Proteins, Hydrolyzed Vegetable Protein (HVP), Hydrolyzed Animal Protein (HAP), Nucleotides, By Form Powder, Liquid,

By Source Natural, Conventional,

By Application Food (Soup, Snacks, Meat), Feedstuff

Increasing Consumption of Ready to Eat Products Drives the Market Growth

The rising number of the working-class population and hectic and busy schedules have increased the sales of convenience food products, such as instant diet soup, protein-rich soup, and other ready to eat food across the globe. The demand is significantly high in Europe and North America due to the presence of large working-class people. As per the Statista, the revenue generated through ready to eat meals in theU.S. was around USD 52 billion.

Regional Analysis For Savory Ingredients Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Savory Ingredients are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Savory Ingredients in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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