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Report
Savory Ingredients Market Report by Type (Starches, Proteins, Yeast, Monosodium Glutamate (MSG), and Others), Form (Powder, Liquid, Paste), Application (Food, Feed), Source (Natural, Synthetic), and Region 2024-2032
Market Report I 2024-07-01 I 149 Pages I IMARC Group
The global savory ingredients market size reached US$ 7.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
Savory ingredients refer to flavor enhancers that are used to elevate the savory taste and aroma of food products during processing. Starches, yeast extracts, hydrolyzed vegetable proteins (HVP), hydrolyzed animal proteins (HAP), and monosodium glutamate (MSG) are some of the most commonly used savory ingredients across the food and beverages industry. They are mainly used in the production of instant and food, meat products, and seasonings. Their utilization helps increase the product shelf-life and minimize the salt content in food preparation. Additionally, these ingredients are highly cost-effective and are easily available across the online and offline organized retail channels.
Savory Ingredients Market Trends:
The market is primarily driven by the growing demand for packaged instant food products. This can be attributed to the changing dietary preferences, hectic schedules led by the masses and the inflating per capita income levels, which have further resulted in the widespread preference for convenience foods across the globe. Apart from this, the shifting inclination of consumers towards purchasing clean label and organic products due to the rising awareness regarding the adverse effects of artificial ingredients is also positively impacting the market. Additionally, numerous key players are heavily investing in the introduction of improved product variants with better taste to cater to the diverse preferences of the consumers. Moreover, due to rapid urbanization, there has been a considerable rise in the popularity of East Asian cuisines on the global level, wherein savory ingredients form an essential part of food preparation. Some of the other factors providing an impetus to the market growth include favorable regulatory approvals and the escalating demand for bakery products among individuals.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global savory ingredients market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report:
How has the global savory ingredients market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global savory ingredients market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the application?
What is the breakup of the market based on the source?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global savory ingredients market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Savory Ingredients Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Starches
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Proteins
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Vegetable Protein
6.2.2.2 Animal Protein
6.2.3 Market Forecast
6.3 Yeast
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Monosodium Glutamate (MSG)
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Form
7.1 Powder
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Liquid
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Paste
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Food
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Feed
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Source
9.1 Natural
9.1.1 Market Trends
9.1.2 Key Segments
9.1.2.1 Vegetable Extracts
9.1.2.2 Animal Derived
9.1.2.3 Microbial
9.1.3 Market Forecast
9.2 Synthetic
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Ajinomoto Co. Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 AngelYeast Co. Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Archer-Daniels-Midland Company
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 SWOT Analysis
15.3.4 Associated British Foods plc
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Cargill Incorporated
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 Givaudan
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Kerry Group plc
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Koninklijke DSM N.V.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Novozymes A/S
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Sensient Technologies Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Symrise AG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Tate & Lyle PLC
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
Figure 1: Global: Savory Ingredients Market: Major Drivers and Challenges
Figure 2: Global: Savory Ingredients Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Savory Ingredients Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Savory Ingredients Market: Breakup by Type (in %), 2023
Figure 5: Global: Savory Ingredients Market: Breakup by Form (in %), 2023
Figure 6: Global: Savory Ingredients Market: Breakup by Application (in %), 2023
Figure 7: Global: Savory Ingredients Market: Breakup by Source (in %), 2023
Figure 8: Global: Savory Ingredients Market: Breakup by Region (in %), 2023
Figure 9: Global: Savory Ingredients (Starches) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Savory Ingredients (Starches) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Savory Ingredients (Proteins) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Savory Ingredients (Proteins) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Savory Ingredients (Yeast) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Savory Ingredients (Yeast) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Savory Ingredients (Monosodium Glutamate) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Savory Ingredients (Monosodium Glutamate) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Savory Ingredients (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Savory Ingredients (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Savory Ingredients (Powder) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Savory Ingredients (Powder) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Savory Ingredients (Liquid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Savory Ingredients (Liquid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Savory Ingredients (Paste) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Savory Ingredients (Paste) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Savory Ingredients (Food) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Savory Ingredients (Food) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Savory Ingredients (Feed) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Savory Ingredients (Feed) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Savory Ingredients (Natural) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Savory Ingredients (Natural) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Savory Ingredients (Synthetic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Savory Ingredients (Synthetic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: North America: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: North America: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: United States: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: United States: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Canada: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Canada: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Asia-Pacific: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Asia-Pacific: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: China: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: China: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Japan: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Japan: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: India: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: India: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: South Korea: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: South Korea: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Australia: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Australia: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Indonesia: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Indonesia: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Others: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Others: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Europe: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Europe: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Germany: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Germany: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: France: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: France: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: United Kingdom: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: United Kingdom: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Italy: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Italy: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Spain: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Spain: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Russia: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Russia: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Latin America: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Latin America: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Brazil: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Brazil: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Mexico: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Mexico: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Middle East and Africa: Savory Ingredients Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Middle East and Africa: Savory Ingredients Market: Breakup by Country (in %), 2023
Figure 81: Middle East and Africa: Savory Ingredients Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Global: Savory Ingredients Industry: SWOT Analysis
Figure 83: Global: Savory Ingredients Industry: Value Chain Analysis
Figure 84: Global: Savory Ingredients Industry: Porter's Five Forces Analysis
Table 1: Global: Savory Ingredients Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Savory Ingredients Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Savory Ingredients Market Forecast: Breakup by Form (in Million US$), 2024-2032
Table 4: Global: Savory Ingredients Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Savory Ingredients Market Forecast: Breakup by Source (in Million US$), 2024-2032
Table 6: Global: Savory Ingredients Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Savory Ingredients Market: Competitive Structure
Table 8: Global: Savory Ingredients Market: Key Players
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