Savoury Ingredients Market Size, Share, Analysis | 2022 - 28

The research report "Savoury Ingredients Market: By Type (Hydrolysed vegetable protein, Yeast extracts, Nucleotides, Monosodium glutamate, Hydrolysed animal protein, Others), By Application (Convenience food, Snacks, Frozen savoury food), By Origin (Natural,Artificial) - Global/Region/Country Forecast to 2028. The global savoury ingredients market size was valued at USD 6.6 billion in 2021, growing at a CAGR of 5.3% during the forecast period 2022-28.

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Changing lifestyle of people is fuelling the Savoury Ingredients Market:
Savoury ingredients are the flavor enhancers. These flavor enhancers have the property to modify flavors in the food with changing the natural features of the food. These flavors are mainly used to manufacture savoury products such as frozen savoury meals and snacks. A pleasing aroma and taste sense is imparted by savoury ingredients to the food particularly due to the effective seasoning. One of the factors estimated to bolster the demand for the savoury ingredients during the forthcoming years is the important investments made in the development of savory products. There are various companies in the market following growth strategies to grow the savoury ingredients industry development. For example, Angel Yeast has introduced new flavors and ingredients in global savory ingredients market and invested massively in the production expansions. Angel Yeast has introduced new strong umami taste and kokumi taste savoury ingredients from yeast extracts in July 2016.

There are a few factors boost the global savoury ingredients market such as changing lifestyle of people and increasing adoption of convenience food. In addition, growing demand for ready to eat foods and beverages, changing consumption patterns and growing disposable income in the developed countries are also increasing the market demand. On the other hand, increasing concerns on the consumption of fresh and natural food, rising clean label movement by the customers and harmful side effects involved in the consumption of savoury ingredients are the factors projected to hamper the market growth.

North America accounted for major share in the Savoury Ingredients Market:
On the basis of regional analysis, savoury ingredients market is classified into major regions such as Europe, North America, Latin America, Asia Pacific, Middle East and Africa. Among these regions, North America is dominating the global market followed by Europe due to the high consumption of convenience food, bakery products, beverages, beverages and snacks. But, growing consciousness regarding the dangerous health problems due to the processed food consumption is anticipated to hamper the global market growth. Asia Pacific is also estimated to lead the global savoury ingredients market during the forthcoming years due to the increasing consumption of savoury food such as pickles, noodles and sauces in China, Japan and India.

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Major players working in the savoury ingredients market are Givaudan, Ajinomoto Co., Koninklijke DSM N.V., Tate & Lyle plc, Angel Yeast and Kerry Group plc.

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