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Savory Ingredients Market by Source (Natural, and Synthetic), Type (Yeast Extract, Starch, Hydrolyzed Vegetable Protein, Hydrolyzed Animal Protein, Nucleotides, Monosodium Glutamate, and Others), Application (Ready Meals, Snacks, Feed, and Others ): Global Opportunity Analysis and Industry Forecast, 2020–2027

A02178
Pages: 280
Nov 2020 | 3378 Views
 
Author(s) : Aniket Kadam , Roshan Deshmukh
Tables: 147
Charts: 86
 

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The savory Ingredients market size is expected to reach $11,284.0 million in 2027 from $7,204.0 million in 2019, growing at a CAGR of 7.70% from 2020 to 2027. Savory ingredients are flavor enhancers, which alter the flavors of food items during food processing to improve the quality and shelf life of products. These food additive help in enhancing the aroma, flavor, and taste of food products. These ingredients give a natural aromatic flavor and are mostly used in the production of instant food, meat products, nutritional food, and seasonings. Moreover, these ingredients are cost-effective, thus, are widely utilized in the food processing industry to manufacture packaged food products, which is expected to fuel savory ingredients market growth. Rise in popularity of clean label products has essentially been a direct result of increase in health concerns among consumers and rise in awareness with regard to the health benefits of clean ingredient-based food products. Consumers are more likely to see organically grown food as a healthy and nutritious option to conventionally grown products. Shift in consumer preference toward buying organic products due to concerns regarding health and prevention of adverse effects of artificial ingredients significantly contributes toward the growth of the savory ingredients market. 

The array of organic products now available and the retail channels through which they are sold have evolved the market for clean labelled savory ingredients market. In addition, mindfulness about the medical advantages of organic food coupled with the headway in organic cultivating procedures are foreseen to drive the interest for natural nourishment and drinks, thus driving the demand of natural-based savory ingredients such as yeast extract and starch. Increase in disposable income leads to requirement of high standard of living. Furthermore, the demand for nutritional and quality food is increasing due to rapid urbanization, increase in working population, and hectic & busy schedule of people, as they do not have much time to prepare food manually. Products such as instant noodles, frozen meals, packaged snacks, dairy products, soft drinks, energy drinks, and baked food have become an integral part of daily life. This, in turn, is anticipated to boost the demand for savory ingredients in frozen meals and packaged snacks to extend the shelf life of the products. 

Savory-Ingredients-Market,-2020-2027

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In addition, attractive packaging, pasteurization, high-pressure processing, and UV treatment fuel the growth of the food & beverage industry. These techniques increase the shelf life of packaged food products, and thus leads to higher demand for savory ingredients. Many cases of adverse effects of manufactured food products have been reported, especially due to the flavors used in them. Thus, different governments across the globe have set up regulatory guidelines to regulate the global food flavor market. Such regulations, especially in Europe and North America, have led to sluggish growth of the market, particularly synthetic flavors. There are regulations regarding the raw materials, their processing, ingredients used, and labelling of these products. Thus, implementation of stringent government regulation regarding the use of savory ingredients  restrain the growth of the savory ingredients market forecast. 

Savory Ingredients Market
By Source

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The Natural segment would witness the fastest growth, registering a CAGR of 8.80% during the forecast.

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Emerged economies serve as potential market for savory ingredients, as they are untapped. Non-member nations of the Organization for Economic Co-operation and Development (OECD) comprise more than 80% of the global population; yet consume less than 60% of world’s food. Countries in the Asia-Pacific and LAMEA have witnessed substantial economic growth over the past few years, and as a result, the number of working people has increased. This has affected the number of people who invest time in cooking food, which led to increase in consumption of packaged goods and snacks. Most of these convenience products use different forms of preservatives to enhance the shelf life, and since the consumption of these goods is increasing, the market is expected to exhibit higher growth rate especially in emerging countries of Asia-Pacific and LAMEA

The emerging economies are estimated to constitute a population of more than 60% of today’s global population of the middle class by 2020. Considering the pace of change, in China, around 3 million households had a disposable income of around $10,000 in 2,000, which increased to 60 million in 2012. This number is expected to exceed 230 million by 2020. Thus, increase in  middle-class population is expected to boost the demand for snacks and packaged food products, thereby augmenting the growth of the market.

Savory Ingredients Market
By Type

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Yeast extract segment would witness the fastest growth, registering a CAGR of 9.60% during the forecast period.

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On the basis of source, the natural segment accounted for the maximum savory Ingredients market share in 2019. This is attributed to rise in awareness regarding the adverse effect of consuming artificial or synthetic ingredients.

On the basis of types, monosodium glutamate segment was the highest contributor to the savory ingredients market in 2019. This is attributed to owing to increase in demand for convenience food and functional food products. The demand for food consisting of different flavors is increasing at an exponential rate across the world. Thus, manufacturers are developing various product formulations to meet customer demand and increase market share. 

Savory Ingredients Market
By Application

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Ready meals segment would witness the fastest growth, registering a CAGR of 9.70% during the forecast period.

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On the basis of application, the snacks segment garnered the highest share in 2019. This is attributed to owing to increase in customer inclination toward organic foods, which is compelling savory snack companies to innovate their products for customer retention. In addition, development of healthy snacks by manufacturers is expected to boost the market growth, globally. 

The players operating in the Savory Ingredients industry have adopted new product launch as their key developmental strategy to expand their share in Savory Ingredients market, increase profitability, and remain competitive. The key companies profiled in the report include Archer Daniels Midland, Kerry Group PLC,, Tate & Lyle, Sensient Technologies Corporation, Koninklijke DSM N.V., AngelYeast Co., Ltd, Ajinomoto Co., Inc., Givaudan S.A., Symrise AG, and ABF Ingredients.

Savory Ingredients Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

North America segment would witness the fastest growth, registering a CAGR of 7.80% during the forecast period.

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Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current savory Ingredients market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth Savory Ingredients market analysis and the market size and segmentation assist to determine the prevailing savory Ingredients market opportunity.
  • The major countries across globe are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the savory Ingredients market. 

Key Market Segments

By Type

  • Soundbar & Home Cinema 
  • Hi-Fi or Audio Systems
  • Radio 
  • Speakers

By Technology

  • Dolby Atmos 
  • DTS-X
  • DTS Play-Fi
  • Built-in Google, Siri, or Alexa
  • Multiroom
  • Others

By Distribution Channel

  • Specialty Electronic Stores 
  • E-commerce
  • Hypermarkets
  • Others

By Country

  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Rest of Europe
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.Key findings

2.2.1.Top investment pockets

2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter’s five forces analysis
3.3.Market share analysis/top player positioning, 2019
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increase in consumer demand for clean labelled savory ingredients
3.4.1.2.Expansion of the food & beverage industry
3.4.1.3.Shift of consumer preference toward ready-to-eat food products

3.4.2.Restraints

3.4.2.1.Increase in demand for zero synthetic ingredients food products
3.4.2.2.Surge in side effects of artificial flavors
3.4.2.3.Stringent government regulations for savory ingredients

3.4.3.Opportunities

3.4.3.1.Opportunities in the unpenetrated and underpenetrated developing countries
3.4.3.2.Product innovation from the savory ingredient manufactures

3.5.Value chain analysis
3.6.Impact of COVID-19 on global savory ingredient market

CHAPTER 4:SAVORY INGREDIENT MARKET, BY SOURCE

4.1.Overview

4.1.1.Market size and forecast

4.2.Natural

4.2.1.Overview
4.2.2.Key market trends, growth factors, and opportunities
4.2.3.Market size and forecast

4.3.Synthetic

4.3.1.Overview
4.3.2.Key market trends, growth factors, and opportunities
4.3.3.Market size and forecast

CHAPTER 5:SAVORY INGREDIENTS MARKET, BY TYPE

5.1.Overview

5.1.1.Market size and forecast

5.2.Yeast extract

5.2.1.Overview
5.2.2.Key market trends, growth factors, and opportunities
5.2.3.Market size and forecast

5.3.Starch

5.3.1.Overview
5.3.2.Key market trends, growth factors, and opportunities
5.3.3.Market size and forecast

5.4.Hydrolyzed vegetable protein

5.4.1.Overview
5.4.2.Key market trends, growth factors, and opportunities
5.4.3.Market size and forecast

5.5.Hydrolyzed animal protein

5.5.1.Overview
5.5.2.Key market trends, growth factors, and opportunities
5.5.3.Market size and forecast

5.6.Nucleotides

5.6.1.Overview
5.6.2.Key market trends, growth factors, and opportunities
5.6.3.Market size and forecast

5.7.Monosodium glutamate

5.7.1.Overview
5.7.2.Key market trends, growth factors, and opportunities
5.7.3.Market size and forecast

5.8.Others

5.8.1.Overview
5.8.2.Key market trends, growth factors, and opportunities
5.8.3.Market size and forecast

CHAPTER 6:SAVORY INGREDIENTS MARKET, BY APPLICATION

6.1.Overview

6.1.1.Market size and forecast

6.2.Ready meals

6.2.1.Overview
6.2.2.Key market trends, growth factors, and opportunities
6.2.3.Market size and forecast

6.3.Snacks

6.3.1.Overview
6.3.2.Key market trends, growth factors, and opportunities
6.3.3.Market size and forecast

6.4.Feed

6.4.1.Overview
6.4.2.Key market trends, growth factors, and opportunities
6.4.3.Market size and forecast

6.5.Others

6.5.1.Overview
6.5.2.Key market trends, growth factors, and opportunities
6.5.3.Market size and forecast

CHAPTER 7:SAVORY INGREDIENTS MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Overview
7.2.2.Key market trends, growth factors, and opportunities
7.2.3.Market size and forecast, by source
7.2.4.Market size and forecast, by type
7.2.5.Market size and forecast, by application
7.2.6.Market size and forecast, by country

7.2.6.1.U.S.

7.2.6.1.1.Market size and forecast, by source
7.2.6.1.2.Market size and forecast, by type
7.2.6.1.3.Market size and forecast, by application

7.2.6.2.Canada

7.2.6.2.1.Market size and forecast, by source
7.2.6.2.2.Market size and forecast, by type
7.2.6.2.3.Market size and forecast, by application

7.2.6.3.Mexico

7.2.6.3.1.Market size and forecast, by source
7.2.6.3.2.Market size and forecast, by type
7.2.6.3.3.Market size and forecast, by application

7.3.Europe

7.3.1.Overview
7.3.2.Key market trends, growth factors, and opportunities
7.3.3.Market size and forecast, by source
7.3.4.Market size and forecast, by type
7.3.5.Market size and forecast, by application
7.3.6.Market size and forecast, by country

7.3.6.1.Germany

7.3.6.1.1.Market size and forecast, by source
7.3.6.1.2.Market size and forecast, by type
7.3.6.1.3.Market size and forecast, by application

7.3.6.2.UK

7.3.6.2.1.Market size and forecast, by source
7.3.6.2.2.Market size and forecast, by type
7.3.6.2.3.Market size and forecast, by application

7.3.6.3.France

7.3.6.3.1.Market size and forecast, by source
7.3.6.3.2.Market size and forecast, by type
7.3.6.3.3.Market size and forecast, by application

7.3.6.4.Italy

7.3.6.4.1.Market size and forecast, by source
7.3.6.4.2.Market size and forecast, by type
7.3.6.4.3.Market size and forecast, by application

7.3.6.5.Spain

7.3.6.5.1.Market size and forecast, by source
7.3.6.5.2.Market size and forecast, by type
7.3.6.5.3.Market size and forecast, by application

7.3.6.6.Rest of Europe

7.3.6.6.1.Market size and forecast, by source
7.3.6.6.2.Market size and forecast, by type
7.3.6.6.3.Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Overview
7.4.2.Key market trends, growth factors, and opportunities
7.4.3.Market size and forecast, by source
7.4.4.Market size and forecast, by type
7.4.5.Market size and forecast, by application
7.4.6.Market size and forecast, by country

7.4.6.1.China

7.4.6.1.1.Market size and forecast, by Source
7.4.6.1.2.Market size and forecast, by type
7.4.6.1.3.Market size and forecast, by Application

7.4.6.2.Japan

7.4.6.2.1.Market size and forecast, by source
7.4.6.2.2.Market size and forecast, by type
7.4.6.2.3.Market size and forecast, by application

7.4.6.3.India

7.4.6.3.1.Market size and forecast, by source
7.4.6.3.2.Market size and forecast, by type
7.4.6.3.3.Market size and forecast, by application

7.4.6.4.Australia

7.4.6.4.1.Market size and forecast, by source
7.4.6.4.2.Market size and forecast, by type
7.4.6.4.3.Market size and forecast, by application

7.4.6.5.South Korea

7.4.6.5.1.Market size and forecast, by source
7.4.6.5.2.Market size and forecast, by type
7.4.6.5.3.Market size and forecast, by application

7.4.6.6.Rest of Asia-Pacific

7.4.6.6.1.Market size and forecast, by source
7.4.6.6.2.Market size and forecast, by type
7.4.6.6.3.Market size and forecast, by application

7.5.LAMEA

7.5.1.Overview
7.5.2.Key market trends, growth factors, and opportunities
7.5.3.Market size and forecast, by source
7.5.4.Market size and forecast, by type
7.5.5.Market size and forecast, by application
7.5.6.Market size and forecast, by country

7.5.6.1.Brazil

7.5.6.1.1.Market size and forecast, by source
7.5.6.1.2.Market size and forecast, by type
7.5.6.1.3.Market size and forecast, by application

7.5.6.2.South Africa

7.5.6.2.1.Market size and forecast, by source
7.5.6.2.2.Market size and forecast, by type
7.5.6.2.3.Market size and forecast, by application

7.5.6.3.Saudi Arabia

7.5.6.3.1.Market size and forecast, by source
7.5.6.3.2.Market size and forecast, by type
7.5.6.3.3.Market size and forecast, by application

7.5.6.4.Turkey

7.5.6.4.1.Market size and forecast, by source
7.5.6.4.2.Market size and forecast, by type
7.5.6.4.3.Market size and forecast, by application

7.5.6.5.Rest of LAMEA

7.5.6.5.1.Market size and forecast, by source
7.5.6.5.2.Market size and forecast, by type
7.5.6.5.3.Market size and forecast, by application

CHAPTER 8:COMPETITION LANDSCAPE

8.1.Top winning strategies
8.2.Product mapping
8.3.Competitive dashboard
8.4.Competitive heat map
8.5.Key developments

8.5.1.Acquisition
8.5.2.Business Expansion
8.5.3.Partnership
8.5.4.Product Launch
8.5.5.Agreement

CHAPTER 9:COMPANY PROFILES

9.1.ASSOCIATED BRITSH FOOD

9.1.1.Company overview
9.1.2.Key executive
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D expenditure
9.1.7.Business performance
9.1.8.Key strategic moves and developments

9.2.AJINOMOTO CO., INC.

9.2.1.Company overview
9.2.2.Key executive
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.R&D expenditure
9.2.7.Business performance

9.3.ANGEL YEAST CO., LTD.

9.3.1.Company overview
9.3.2.Key executive
9.3.3.Company snapshot
9.3.4.Product portfolio
9.3.5.Key strategic moves and developments

9.4.ARCHER DANIEL MIDLAND COMPANY

9.4.1.Company overview
9.4.2.Key executive
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.R&D expenditure
9.4.6.Business performance
9.4.7.Key strategic moves and developments

9.5.GIVAUDAN S.A.

9.5.1.Company overview
9.5.2.Key executive
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.R&D expenditure
9.5.7.Business performance
9.5.8.Key strategic moves and developments

9.6.KERRY GROUP PLC.

9.6.1.Company overview
9.6.2.Key executive
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D expenditure
9.6.7.Business performance
9.6.8.Key strategic moves and developments

9.7.KONINKLIJKE DSM N.V.

9.7.1.Company overview
9.7.2.Key executive
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.Business performance
9.7.7.Key strategic moves and developments

9.8.SENSIENT TECHNOLOGIES CORPORATION

9.8.1.Company overview
9.8.2.Key executive
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.R&D expenditure
9.8.7.Business performance
9.8.8.Key strategic moves and developments

9.9.SYMRISE AG

9.9.1.Company overview
9.9.2.Key executive
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.R&D expenditure
9.9.7.Business performance
9.9.8.Key strategic moves and developments

9.10.TATE AND LYLE PLC.

9.10.1.Company overview
9.10.2.Key executive
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.R&D expenditure
9.10.7.Business performance
9.10.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.SAVORY INGREDIENT MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 02.NATURAL MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 03.SYNTHETIC MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 04.SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 05.YEAST EXTRACT INGREDIENTS MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 06.STARCH INGREDIENTS MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 07.HYDROLYZED VEGETABLE PROTEIN INGREDIENTS MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 08.HYDROLYZED ANIMAL PROTEIN INGREDIENTS MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 09.NUCLEOTIDES INGREDIENTS MARKET REVENUE , BY REGION, 2019–2027 ($MILLION)
TABLE 10.MONOSODIUM GLUTAMATE INGREDIENTS MARKET REVENUE , BY REGION, 2019–2027 ($MILLION)
TABLE 11.OTHERS INGREDIENTS MARKET REVENUE , BY REGION, 2019–2027 ($MILLION)
TABLE 12.SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 13.SAVORY INGREDIENTS MARKET REVENUE FOR READY MEALS, BY REGION, 2019–2027 ($MILLION)
TABLE 14.SAVORY INGREDIENTS MARKET REVENUE FOR SNACKS, BY REGION, 2019–2027 ($MILLION)
TABLE 15.SAVORY INGREDIENTS MARKET REVENUE FOR FEED, BY REGION, 2019–2027 ($MILLION)
TABLE 16.SAVORY INGREDIENTS MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 17.SAVORY INGREDIENTS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICA SAVORY INGREDIENTS MARKET, BY SOURCE, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA SAVORY INGREDIENTS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 22.U.S. SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 23.U.S. SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 24.U.S. SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.CANADA SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 26.CANADA. SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 27.CANADA. SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 28.MEXICO SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 29.MEXICO. SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 30.MEXICO SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 31.EUROPE SAVORY INGREDIENTS MARKET, BY SOURCE, 2019–2027 ($MILLION)
TABLE 32.EUROPE SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 33.EUROPE SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 34.EUROPE SAVORY INGREDIENTS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 35.GERMANY SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 36.GERMANY SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 37.GERMANY SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38.UK SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 39.UK SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 40.UK SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.FRANCE SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 42.FRANCE SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 43.FRANCE SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.ITALY SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 45.ITALY SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 46.ITALY SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 47.SPAIN SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 48.SPAIN SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 49.SPAIN SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50.REST OF EUROPE SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 51.REST OF EUROPE SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 52.REST OF EUROPE SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 53.ASIA-PACIFIC SAVORY INGREDIENTS MARKET, BY SOURCE, 2019–2027 ($MILLION)
TABLE 54.ASIA-PACIFIC SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 55.ASIA-PACIFIC SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 56.ASIA-PACIFIC SAVORY INGREDIENTS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 57.CHINA SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 58.CHINA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 59.CHINA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 60.JAPAN SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 61.JAPAN SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 62.JAPAN SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 63.INDIA SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 64.INDIA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 65.INDIA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 66.AUSTRALIA SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 67.AUSTRALIA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 68.AUSTRALIA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 69.SOUTH KOREA SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 70.SOUTH KOREA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 71.SOUTH KOREA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 72.REST OF ASIA-PACIFIC SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 73.REST OF ASIA-PACIFIC SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 74.REST OF ASIA-PACIFIC SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 75.LAMEA SAVORY INGREDIENTS MARKET, BY SOURCE, 2019–2027 ($MILLION)
TABLE 76.LAMEA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 77.LAMEA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 78.LAMEA SAVORY INGREDIENTS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 79.BRAZIL SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 80.BRAZIL SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 81.BRAZIL SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 82.SOUTH AFRICA SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 83.SOUTH AFRICA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 84.SOUTH AFRICA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 85.SAUDI ARABIA SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 86.SAUDI ARABIA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 87.SAUDI ARABIA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 88.TURKEY SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 89.TURKEY SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 90.TURKEY SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 91.REST OF LAMEA SAVORY INGREDIENTS MARKET REVENUE, BY SOURCE, 2019–2027 ($MILLION)
TABLE 92.REST OF LAMEA SAVORY INGREDIENTS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 93.REST OF LAMEA SAVORY INGREDIENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 94.ABF: KEY EXECUTIVE
TABLE 95.ABF: COMPANY SNAPSHOT
TABLE 96.ABF: OPERATING SEGMENTS
TABLE 97.ABF: PRODUCT PORTFOLIO
TABLE 98.ABF: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 99.ABF INGRIDIENTS: NET SALES, 2018–2020 ($MILLION)
TABLE 100.AJINOMOTO CO., INC.: KEY EXECUTIVE
TABLE 101.AJINOMOTO CO., INC.: COMPANY SNAPSHOT
TABLE 102.AJINOMOTO CO., INC.: OPERATING SEGMENTS
TABLE 103.AJINOMOTO CO., INC.: PRODUCT PORTFOLIO
TABLE 104.AJINOMOTO CO INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 105.AJINOMOTO CO., INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 106.ANGEL YEAST CO.,LTD.: KEY EXECUTIVE
TABLE 107.ANGEL YEAST CO LTD: COMPANY SNAPSHOT
TABLE 108.ANGE’L YEAST CO LTD: PRODUCT PORTFOLIO
TABLE 109.ARCHER DANIEL MIDLAND COMPANY: KEY EXECUTIVE
TABLE 110.ARCHER DANIEL MIDLAND COMPANY: COMPANY SNAPSHOT
TABLE 111.ARCHER DANIEL MIDLAND : PRODUCT PORTFOLIO
TABLE 112.ARCHER DANIEL MIDLAND: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 113.ARCHER DANIEL MIDLAND COMPANY: NET SALES, 2017–2019 ($MILLION)
TABLE 114.GIVAUDAN S.A.: KEY EXECUTIVE
TABLE 115.GIVAUDAN S.A.: COMPANY SNAPSHOT
TABLE 116.GIVUADAN S.A.: OPERATING SEGMENTS
TABLE 117.GIVUADAN S.A.: PRODUCT PORTFOLIO
TABLE 118.GIVUADAN S.A.: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 119.GIVUADAN S.A.: NET SALES, 2017–2019 ($MILLION)
TABLE 120.KERRY GROUP PLC.: KEY EXECUTIVE
TABLE 121.KERRY GROUP PLC: COMPANY SNAPSHOT
TABLE 122.KERRY GROUP PLC: OPERATING SEGMENTS
TABLE 123.KERRY GROUP: PRODUCT PORTFOLIO
TABLE 124.KERRY GROUP PLC: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 125.KERRY GROUP PLC.: NET SALES, 2017–2019 ($MILLION)
TABLE 126.KONINKLIJKE DSM N.V: KEY EXECUTIVE
TABLE 127.KONINKLIJKE DSM N.V: COMPANY SNAPSHOT
TABLE 128.KONINKLIJKE : OPERATING SEGMENTS
TABLE 129.KONINKLIJKE DSM N.V: PRODUCT PORTFOLIO
TABLE 130.KONINKLIJKE DSM N.V: NET SALES, 2017–2019 ($MILLION)
TABLE 131.SENSIENT TECHNOLOGIES CORPORATION: KEY EXECUTIVE
TABLE 132.SENSIENT TECHNOLOGIES CORPORATION
TABLE 133.SENSIENT TECHNOLOGY CORPORATION: OPERATING SEGMENTS
TABLE 134.SENSIENT TECHNOLOGY CORPORATION: PRODUCT PORTFOLIO
TABLE 135.SENSIENT TECHNOLOGIES CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 136.SENSIENT TECHNOLOGIES CORPORATION.: NET SALES, 2017–2019 ($MILLION)
TABLE 137.SYMRISE AG: KEY EXECUTIVE
TABLE 138.SYMRISE AG: COMPANY SNAPSHOT
TABLE 139.SYMRISE AG: OPERATING SEGMENTS
TABLE 140.SYMRISE AG: PRODUCT PORTFOLIO
TABLE 141.SYMRISE AG: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 142.SYMRISE AG: NET SALES, 2017–2019 ($MILLION)
TABLE 143.TATE AND LYLE PLC.: KEY EXECUTIVE
TABLE 144.TATE AND LYLE PLC.: COMPANY SNAPSHOT
TABLE 145.TATES AND LYLE.: PRODUCT PORTFOLIO
TABLE 146.TATE AND LYLE, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 147.TATE AND LYLE PLC.: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENT
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF SUBSTITUTIONS
FIGURE 07.MODERATE THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE INTENSITY OF RIVALRY
FIGURE 09.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING, 2019
FIGURE 10.SAVORY INGREDIENT MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.SAVORY INGREDIENT MARKET: VALUE CHAIN ANALYSIS
FIGURE 12.SAVORY INGREDIENT MARKET, BY SOURCE, 2019 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF NATURAL MARKET REVENUE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF SYNTHETIC MARKET REVENUE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 15.SAVORY INGREDIENTS MARKET, BY TYPE, 2019 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF YEAST EXTRACT INGREDIENTS MARKET REVENUE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF STARCH INGREDIENTS MARKET REVENUE , BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF HYDROLYZED VEGETABLE PROTEIN INGREDIENTS MARKET REVENUE , BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF HYDROLYZED ANIMAL PROTEIN INGREDIENTS MARKET REVENUE , BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF NUCLEOTIDES INGREDIENTS MARKET REVENUE , BY COUNTRY,  2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF MONOSODIUM GLUTAMATE INGREDIENTS MARKET REVENUE , BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF OTHERS INGREDIENTS MARKET REVENUE , BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.SAVORY INGREDIENTS MARKET, BY APPLICATION, 2020 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF SAVORY INGREDIENTS MARKET REVENUE FOR READY MEALS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF GLOBAL SAVORY INGREDIENTS MARKET REVENUE FOR SNACKS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF GLOBAL SAVORY INGREDIENTS MARKET REVENUE FOR FEED, BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF SAVORY INGREDIENTS MARKET REVENUE FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 28.SAVORY INGREDIENTS MARKET, BY REGION, 2019 (%)
FIGURE 29.U.S. SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 30.CANADA SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 31.MEXICO SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 32.GERMANY SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 33.UK SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 34.FRANCE SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 35.ITALY SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 36.SPAIN SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 37.REST OF EUROPE SAVORY INGREDIENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38.CHINA SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 39.JAPAN SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 40.INDIA SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 41.AUSTRALIA SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 42.SOUTH KOREA SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 43.REST OF ASIA-PACIFIC SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 44.BRAZIL SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 45.SOUTH AFRICA SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 46.SAUDI ARABIA SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 47.TURKEY SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 48.REST OF LAMEA SAVORY INGREDIENTS MARKET, 2019–2027 ($MILLION)
FIGURE 49.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 50.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020* (%)
FIGURE 51.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 52.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 53.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 54.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 55.ABF: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 56.ABF: NET SALES, 2018–2020 ($MILLION)
FIGURE 57.ABF INGRIDIENTS.: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 58.ABF INGRIDIENTS.: REVENUE SHARE BY REGION, 2020(%)
FIGURE 59.AJINOMOTO CO., INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 60.AJINOMOTO CO., INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 61.AJINOMOTO CO INC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 62.AJINOMOTO CO INC: REVENUE SHARE BY REGION, 2020(%)
FIGURE 63.ARCHER DANIEL MIDLAND: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 64.ARCHER DANIEL MIDLAND COMPANY.: NET SALES, 2017–2019 ($MILLION)
FIGURE 65.ARCHER DANIEL MIDLAND COMPANY: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 66.ARCHER DANIEL MIDLAND COMPANY: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 67.GIVAUNDA S.A.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 68.GIVUADAN S.A.: NET SALES, 2017–2019 ($MILLION)
FIGURE 69.GIVUADAN S.A.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 70.GIVUADAN S.A.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 71.KERRY GROUP PLC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 72.KERRY GROUP PLC: NET SALES, 2017–2019 ($MILLION)
FIGURE 73.KERRY GROUP PLC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 74.KONINKLIJKE DSM N.V: NET SALES, 2017–2019 ($MILLION)
FIGURE 75.KONINKLIJKE DSM N.V SHARE BY SEGMENT, 2019 (%)
FIGURE 76.SENSIENT TECHNOLOGIES CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 77.SENSIENT TECHNOLOGIES CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 78.SENSIENT TECHNOLOGIES CORPORATION : REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 79.SENSIENT TECHNOLOGIES CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 80.SYMRISE AG: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 81.SYMRISE AG: NET SALES, 2017–2019 ($MILLION)
FIGURE 82.SYMRISE AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 83.SYMRISE AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 84.TATE AND LYLE: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 85.TATE AND LYLE PLC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 86.TATE AND LYLE PLC.: REVENUE SHARE BY REGION, 2020 (%)

 
 

According to the opinions of top-level CXOs, innovation is the key for the growth of the savory ingredients market. Rise in demand for various clean label savory ingredients from target customer makes way for the manufacturers to come up with innovation. This is anticipated to boost the growth of the savory ingredients market.

Manufacturers are focusing on displaying the transparency of ingredients, which are added in the products, as majority of the consumers are shifting their preference toward products by reading the labels. 

The CXOs further added that rise in internet penetration around the major parts of the world makes way for manufacturers to initiate several key online marketing programs. These online platforms are one of the easiest ways to create awareness about the specifications and features of organic ingredients among the target customers. Hence, tapping into such markets is expected to create opportunities for savory ingredients market expansion.
 

 
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A. The savory Ingredients market size is expected to reach $11,284.0 million in 2027 from $7,204.0 million in 2019, growing at a CAGR of 7.70% from 2020 to 2027. Savory ingredients are flavor enhancers, which alter the flavors of food items during food processing to improve the quality and shelf life of products. These food additive help in enhancing the aroma, flavor, and taste of food products. These ingredients give a natural aromatic flavor and are mostly used in the production of instant food, meat products, nutritional food, and seasonings.

A. The forecast period in the Savory Ingredients Market report is 2020 to 2027. these ingredients are cost-effective, thus, are widely utilized in the food processing industry to manufacture packaged food products, which is expected to fuel savory ingredients market growth. Rise in popularity of clean label products has essentially been a direct result of increase in health concerns among consumers and rise in awareness with regard to the health benefits of clean ingredient-based food products. Consumers are more likely to see organically grown food as a healthy and nutritious option to conventionally grown products.

A. The base year calculated in the Savory Ingredients Market report is 2019. The food industry has been evolving in terms of innovations and demand. Manufacturers are focusing on key innovations that cater to the requirements of their target consumers. Increase in awareness toward health and wellness has been witnessed among people residing in developed as well as developing countries. This has resulted in increased demand for various types of special savory ingredients made using organic products

A. The top companies hold the market share in the Savory Ingredients Market are Archer Daniels Midland, Kerry Group PLC,, Tate & Lyle, Sensient Technologies Corporation, Koninklijke DSM N.V., AngelYeast Co., Ltd, Ajinomoto Co., Inc., Givaudan S.A., Symrise AG, and ABF Ingredients.

A. The most influencing segment growing in the Savory Ingredients Market report is monosodium glutamate. This is attributed to owing to increase in demand for convenience food and functional food products. The demand for food consisting of different flavors is increasing at an exponential rate across the world. Thus, manufacturers are developing various product formulations to meet customer demand and increase market share.

A. On the basis of application, the snacks segment garnered the highest share in 2019. This is attributed to owing to increase in customer inclination toward organic foods, which is compelling savory snack companies to innovate their products for customer retention. In addition, development of healthy snacks by manufacturers is expected to boost the market growth, globally.

A. The major company profile are mapped according to their revenue contribution to the savory ingredients market.

A. The market value of the savory ingredients market in 2019 was $7,204.0 million. The demand for nutritional and quality food is increasing due to rapid urbanization, increase in working population, and hectic & busy schedule of people, as they do not have much time to prepare food manually. Products such as instant noodles, frozen meals, packaged snacks, dairy products, soft drinks, energy drinks, and baked food have become an integral part of daily life. This, in turn, is anticipated to boost the demand for savory ingredients in frozen meals and packaged snacks to extend the shelf life of the products.

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