Savory Ingredients Market Size Witnesses Robust Growth Rate of CAGR 5.2%, Exceeding US$ 9.5 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled "Savory Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global savory ingredients market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Global Savory Ingredients Market?

The global savory ingredients market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

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What are Savory Ingredients?

Savory ingredients add a rich and robust flavor to dishes, enhancing their taste and overall appeal. They comprise herbs and spices like basil, oregano, thyme, and rosemary that add depth and complexity to dishes. They also contain compounds that may protect brain cells from damage and support mental clarity. They often provide a savory or umami flavor profile that can be used in a wide range of culinary applications. They are rich in antioxidants, vitamins, and minerals, contributing to the overall health and well-being of individuals. They provide a distinctive flavor and aroma while offering health benefits, such as immune system support, heart health, and potential cancer-fighting properties. They are an excellent source of vitamin D and selenium while being low in calories that can be a valuable addition to vegetarian and vegan diets. They provide amino acids and add saltiness and depth to dishes. They help protect the cells of the body from damage caused by free radicals, which can contribute to chronic diseases and aging. They reduce inflammation in the body, which is linked to various health issues, including arthritis and chronic inflammatory conditions. They also lower blood pressure and cholesterol levels, reducing the risk of heart disease. They can boost metabolism and aid in weight management while helping with appetite control and fat oxidation. As they are naturally fermented, which can promote gut health and digestion, the demand for savory ingredients is rising across the globe.

Global Savory Ingredients Market Trends and Drivers:

At present, the increasing demand for flavorful and diverse food options represents one of the key factors supporting the growth of the market. People are looking for innovative taste experiences, and savory ingredients, such as herbs, spices, and seasonings, play a pivotal role in creating these flavors. Besides this, the globalization of food culture is leading to a rise in the popularity of ethnic and international cuisines. People are more willing to explore flavors from different parts of the world. Savory ingredients like curry spices, sriracha, and various herbs are essential in creating authentic international dishes, which is contributing to the growth of the market. In addition, as health-conscious consumers are seeking nutritious options, savory ingredients are being scrutinized for their potential health benefits. Many herbs and spices are known for their antioxidant and anti-inflammatory properties. This is leading to an increasing demand for natural savory ingredients that can enhance flavor without compromising health. Apart from this, the growing adoption of plant-based and vegan diets is offering a favorable market outlook. Plant-based ingredients like mushrooms, nutritional yeast, and various vegetables are used to replicate meaty and savory flavors. These ingredients are not only appealing to vegans and vegetarians but also to flexitarian consumers looking to reduce their meat consumption. Moreover, people are preferring clean label products with minimal additives and preservatives across the globe. As a result, there is a rise in the demand for savory ingredients like herbs, spices, and natural flavor enhancers.

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Global Savory Ingredients Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are:

Ajinomoto Co. Inc., AngelYeast Co. Ltd., Archer-Daniels-Midland Company, Associated British Foods plc, Cargill Incorporated, Givaudan, Kerry Group plc, Koninklijke DSM N.V., Novozymes A/S, Sensient Technologies Corporation, Symrise AG and Tate & Lyle PLC.
The report segmented the market on the basis of region, type, form, application and source.

Breakup by Type:

• Starches
• Proteins
• Vegetable Protein
• Animal Protein
• Yeast
• Monosodium Glutamate (MSG)
• Others

Breakup by Form:

• Powder
• Liquid
• Paste

Breakup by Application:

• Food
• Feed

Breakup by Source:

• Natural
• Vegetable Extracts
• Animal Derived
• Microbial
• Synthetic

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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