Press release
Savory Ingredients Market is Expected to Grow at a CAGR of 6.25% over 2030
Market Analysis and Insights of Global Savory Ingredients MarketData Bridge Market Research analyses that the savory ingredients market was valued at USD 55.46 billion in 2022 and is expected to reach the value of USD 90.08 billion by 2030, at a CAGR of 6.25% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
The savory ingredients market pertains to the industry that deals with the production, distribution, and utilization of various ingredients used to enhance the flavor, aroma, and overall taste of savory food products. These ingredients are employed in a wide range of culinary applications, such as snacks, ready-to-eat meals, processed meats, sauces, condiments, and other savory dishes.
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Market Scope and Global Savory Ingredients Market
Some of the major players operating in the savory ingredients market are:
• ADM (U.S.)
• Cargill Incorporated (U.S.)
• (U.S.)
• Tate & Lyle (UK)
• Roquette Frères. (France)
• AVEBE (Netherlands)
• Grain Processing Corporation (U.S.)
• Groupe Emsland (Germany)
• SPAC Starch Products (India)
• BENEO (Germany)
• Natural Stacks (U.S.)
• miBiome therapeutics LLP. (India)
• ANGEL STARCH & FOOD PVT LTD (India)
• Vapco Engineers. (India)
• Lyckeby Culinar AB (Sweden)
• Croda International Plc (U.K.)
• Akzo Nobel N.V. (Netherlands)
• Bayer AG (Germany)
• Ajinomoto Co., Inc. (Japan)
Global Savory Ingredients Market Scope
The savory ingredients market is segmented on the basis of type, application, origin, form and production technique. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
• Yeast Extracts
• Hydrolyzed Vegetable Protein
• Hydrolyzed Animal Protein
• Monosodium Glutamate
• Nucleotides
• Other
Origin
• Natural
• Synthetic
Form
• Liquid
• Powder
• Others
Application
• Food
• Feed
Production Technique
• Heat Treatment
• Acid Treatment
• Maillard Reaction
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Global Savory Ingredients Market Dynamics
Drivers
• Consumers shift towards wholesome food and healthy alternatives
Consumer preferences for healthier foods, population growth, improved cold chain logistics, and the adoption of automation systems and products are the market's drivers. Savory ingredients market participants are poised to capitalise on this opportunity. Sweeteners, carbohydrates, and high-fat foods have all been reduced in consumption by health-conscious consumers. Another emerging trend is the use of new raw materials derived from marine sources, which are valued for their oil and fibre content.
• The growing trend for nourishment additives and advancements in food technologies
Due to rising demand for packaged and ready-to-eat nourishment items, the global savoury ingredients market has expanded rapidly in recent years. The rising number of health-conscious consumers who prefer low-fat foods is driving the global market for savoury ingredients. Furthermore, the candy store and bakery industries are expected to be very interested in nutrient additives. The demand for nourishment additives is expected to rise in the coming years due to the growing interest in pastry kitchen items. Advances and developments in the savoury ingredients industry are also expected to positively impact the global savoury ingredients market.
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