HOME Top Market Reports Savory Ingredients Market by Ingredients (Yeast Extracts, HVP, HAP, MSG, Nucleotides and Others), by Application (Food Industry, Pet Food and Others) & by Geography - Global Trends & Forecasts to 2019

Savory Ingredients Market by Ingredients (Yeast Extracts, HVP, HAP, MSG, Nucleotides and Others), by Application (Food Industry, Pet Food and Others) & by Geography - Global Trends & Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: August 2014
Report Code: FB 2604

 

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This report analyzes the savory ingredients market in terms of geography, ingredient types, and application. Geographically, the report is segmented into North America, Asia-Pacific, Europe, and Rest of the World. The ingredient types included in this report are yeast extracts, hydrolyzed vegetable proteins, hydrolyzed animal proteins, monosodium glutamate, nucleotides, and others. The applications covered in this report include the food industry, pet food industry, and others.

The global savory ingredients market is highly fragmented and competitive. Manufacturers therefore are compelled to focus on ingredients keeping in mind the local preferences, ethnicity, climate, and traditions, globally. There are a large numbers of players operating in the industry which provide these ingredients to industries such as food & beverage, pharmaceutical, and pet food. The global market is set to witness an enormous growth in the future. Factors such as increase in demand of clean-label and natural ingredients, increasing consumer awareness pertaining to the ill effects related to savory ingredients, and demand for healthy and nutrition products are acting as major restraints for the market. Increasing demand for convenience food, changing lifestyle, and untapped potential in the developing Asia-Pacific countries act as major drivers for the market.

The main market for hydrolyzed animal proteins is the pet food industry. Monosodium glutamate holds the majority of market share in the market. Monosodium glutamate is getting replaced by yeast extracts due to the increasing demand for natural ingredients and health concerns. In general, yeast extract has a good image and is the preferred choice for clean-label products. The Asia-Pacific region is the largest market for savory ingredients and also the fastest-growing market with India and China dominating the region. Asia-Pacificís savory ingredients market is projected to grow at a CAGR of 6.4% from 2014 to 2019.

The report also estimates the market size, based on ingredient types and applications, in the key markets, namely North America, Europe, APAC, and Rest of the World (RoW). According to the estimation, the global savory ingredients market will be valued at $13,295 million by 2019. In addition to market projections, the report also highlights the key opportunity areas for relevant stakeholders; analyzing the market trends, opportunities, drivers, and inhibitors.

Savory Ingredients Market Size, by Geography, 2013 VS. 2019 ($Million)

Savory Ingredients Market

Source: Company Annual Reports, Company Websites, Online Journals, and MarketsandMarkets Analysis

In order to provide a deeper understanding of the competitive landscape, the report profiles the key players of the market and provides market tables, categorized based on geographic regions, types, and applications.

The report segments the global savory ingredients consumption market into the following three segments:

By Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

By Ingredient Type:

  • Yeast Extracts
  • Hydrolyzed Vegetable Proteins
  • Hydrolyzed Animal Proteins
  • Monosodium Glutamate
  • Nucleotides

By Application:

  • Food Industry
  • Pet Food
  • Others

Table of Contents 
 
1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Market Size Estimation
          1.5.2 Market Crackdown & Data Triangulation
          1.5.3 Assumptions Made for This Report
                  1.5.3.1 Key Data Taken From Secondary Sources
                  1.5.3.2 Key Data Taken From Primary Sources

2 Executive Summary (Page No. - 30)

3 Premium Insights (Page No. - 33)
    3.1 Key Features
          3.1.1 China Continues to Drive the Demand for Global Savory Ingredients
          3.1.2 Rising Demand for Convenience Food Spurs Growth for the Market
          3.1.3 Food Industry Dominates the Global Market
          3.1.4 On-the-Go Lifestyle Spurs the Demand for Fast Food
          3.1.5 Monosodium Glutamate: An Emerging Market
          3.1.6 the Developing Apac Region Experiencing Speedy Growth
 
4 Market Overview (Page No. - 41)
    4.1 Introduction
    4.2 Market Segmentation
          4.2.1 Savory Ingredients Market Segmentation
          4.2.2 Sub-Markets
          4.2.3 Types of Savory Ingredients
    4.3 Burning Issues 
          4.3.1 Environmental Standards Tighten the MSG Industry 
          4.3.2 Increasing Health Issues Due to Consumption of Savory Ingredients
    4.4 Winning Imperative 
           4.4.1 Growth & Expansion of Quick Service Restaurants & Upsurge of Fast Casual Restaurants
    4.5 Market Dynamics
          4.5.1 Drivers
                   4.5.1.1 Increasing Demand for Convenience Food in the Asia-Pacific Region
                   4.5.1.2 Increasing Demand for New Product Variant
          4.5.2 Restraints
                   4.5.2.1 Consumer Awareness on Health Issues Relating to Savory Ingredients
                   4.5.2.2 Increased Cost of Raw Material & Energy
                   4.5.2.3 Stringent Regulations
                   4.5.2.4 Consumer Demand for Clean Labels
          4.5.3 Opportunities
                   4.5.3.1 Untapped Potential in Developing Countries
                   4.5.3.2 Rising Instant Noodle Industry
    4.6 Impact Analysis of Drivers & Restraints
    4.7 Porterís Five forces Analysis
          4.7.1 Degree of Competition
          4.7.2 Bargaining Power of Suppliers
          4.7.3 Bargaining Power of Buyers
          4.7.4 Threat of Substitutes
          4.7.5 Threat of New Entrants

5 Savory Ingredients Market, By Type (Page No. - 62)
    5.1 Introduction
          5.1.1 Yeast Extracts
          5.1.2 Hydrolyzed Vegetable Proteins
          5.1.3 Hydrolyzed Animal Proteins
          5.1.4 Monosodium Glutamate
          5.1.5 Ribonucleotides
    5.2 Savory Ingredients Market, By Type
          5.2.1 North America: Market, By Type
          5.2.2 Europe: Market, By Type
          5.2.3 Asia-Pacific: Market, By Type
          5.2.4 ROW: Market, By Type

6 Market By Application (Page No. - 116)
    6.1 Introduction
          6.1.1 North America: Market, By Application
          6.1.2 Europe: Market, By Application
          6.1.3 Asia-Pacific: Market, By Application
          6.1.4 ROW: Market, By Application

7 Market By Geography (Page No. - 164)
    7.1 Introduction
          7.1.1 North America: Market, By Geography
          7.1.2 Europe: Market, By Geography
          7.1.3 Asia-Pacific: Market, By Geography
          7.1.4 ROW: Market, By Geography

8 Competitive Landscape (Page No. - 182)
    8.1 Introduction
          8.1.1 Key Market Strategies
          8.1.2 Ajinomoto: A Market Leader
          8.1.3 Expansions, Investments & New Innovation Centers: Most Preferred Strategic Approach
          8.1.4 New Product & Technology Launches, Approvals
          8.1.5 Agreements, Collaborations & Joint Ventures
          8.1.6 Mergers & Acquisitions

9 Company Profiles (Page No. - 205)
    (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)* 
    9.1 Ajinomoto
    9.2 Angel Yeast
    9.3 Vedan International
    9.4 Kerry Group Plc.
    9.5 Sensient
    9.6 Givaudan
    9.7 Tate & Lyle
    9.8 Lesaffre Group
    9.9 Diana Group
    9.10 Royal DSM

*Details on Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies. 


List of Tables (101 Tables) 

Table 1 Savory Ingredients Market Estimation
Table 2 Market Size, By Type, 2012-2019 ($Million)
Table 3 Market Size, By Type, 2012-2019 (Kt)
Table 4 North America: Market Size, By Type, 2012-2019 ($Million)
Table 5 North America: Savory Ingredients Market Size, By Type, 2012-2019 (Kt)
Table 6 U.S.: Market Size, By Type, 2012-2019 ($Million) 
Table 7 U.S.: Savory Ingredients Market Size, By Type, 2012-2019 (Kt)
Table 8 Canada: Market Size, By Type, 2012-2019 ($Million) 
Table 9 Canada: Market Size, By Type, 2012-2019 (Kt) 
Table 10 Mexico: Savory Ingredients Market Size, By Type, 2012-2019 ($Million) 
Table 11 Mexico: Market Size, By Type, 2012-2019 (Kt) 
Table 12 Europe: Savory Ingredients Market Size, By Type, 2012-2019 ($Million) 
Table 13 Europe: Market Size, By Type, 2012-2019 (Kt) 
Table 14 Germany: Market Size, By Type, 2012-2019 ($Million) 
Table 15 Germany: Market Size, By Type, 2012-2019 (Kt) 
Table 16 France: Market Size, By Type, 2012-2019 ($Million) 
Table 17 France: Market Size, By Type, 2012-2019 (Kt) 
Table 18 U.K.: Market Size, By Type, 2012-2019 ($Million) 
Table 19 U.K.: Market Size, By Type, 2012-2019 (Kt)
Table 20 Spain: Savory Ingredients Market Size, By Type, 2012-2019 ($Million) 
Table 21 Spain: Market Size, By Type, 2012-2019 (Kt)
Table 22 Other European Countries: Savory Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 23 Other European Countries: Market Size, By Type, 2012-2019 (Kt)
Table 24 Asia-Pacific: Market Size, By Type, 2012-2019 ($Million) 
Table 25 Asia-Pacific: Market Size, By Type, 2012-2019 (Kt) 
Table 26 China: Savory Ingredients Market Size, By Type, 2012-2019 ($Million) 
Table 27 China: Market Size, By Type, 2012-2019 (Kt)
Table 28 Japan: Market Size, By Type, 2012-2019 ($Million) 
Table 29 Japan: Market Size, By Type, 2012-2019 (Kt)
Table 30 India: Market Size, By Type, 2012-2019 ($Million) 
Table 31 India: Market Size, By Type, 2012-2019 (Kt)
Table 32 Other Countries in Asia-Pacific: Savory Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 33 Other Countries in Asia-Pacific: Market Size, By Type, 2012-2019 (Kt)
Table 34 ROW: Savory Ingredients Market Size, By Type, 2012-2019 ($Million) 
Table 35 ROW: Market Size, By Type, 2012-2019 (Kt)
Table 36 Brazil: Market Size, By Type, 2012-2019 ($Million) 
Table 37 Brazil: Market Size, By Type, 2012-2019 (Kt) 
Table 38 Argentina: Market Size, By Type, 2012-2019 ($Million) 
Table 39 Argentina: Market Size, By Type, 2012-2019 (Kt) 
Table 40 Other Countries in ROW: Savory Ingredients Market Size, By Type, 2012-2019 ($Million) 
Table 41 Other Countries in ROW: Market Size, By Type, 2012-2019 (Kt) 
Table 42 Savory Ingredients Market Size, By Application, 2012-2019 ($Million) 
Table 43 Market Size, By Application, 2012-2019 (Kt) 
Table 44 North America: Market Size, By Application, 2012-2019 ($Million) 
Table 45 North America: Market Size, By Application, 2012-2019 (Kt) 
Table 46 U.S.: Market Size, By Application, 2012-2019 ($Million) 
Table 47 U.S.: Market Size, By Application, 2012-2019 (Kt) 
Table 48 Canada: Market Size, By Application, 2012-2019 ($Million)
Table 49 Canada: Market Size, By Application, 2012-2019 (Kt)
Table 50 Mexico: Market Size, By Application, 2012-2019 ($Million) 
Table 51 Mexico: Market Size, By Application, 2012-2019 (Kt) 
Table 52 Europe: Market Size, By Application, 2012-2019 ($Million)
Table 53 Europe: Market Size, By Application, 2012-2019 (Kt)
Table 54 Germany: Market Size, By Application, 2012-2019 ($Million)
Table 55 Germany: Market Size, By Application, 2012-2019 (Kt)
Table 56 France: Savory Ingredients Market Size, By Application, 2012-2019 ($Million) 
Table 57 France: Market Size, By Application, 2012-2019 (Kt) 
Table 58 U.K.: Market Size, By Application, 2012-2019 ($Million) 
Table 59 U.K.: Market Size, By Application, 2012-2019 (Kt) 
Table 60 Spain: Savory Ingredients Market Size, By Application, 2012-2019 ($Million) 
Table 61 Spain: Market Size, By Application, 2012-2019 ($Million) 
Table 62 Other European Countries: Market Size, By Application, 2012-2019 ($Million)
Table 63 Other European Countries: Market Size, By Application, 2012-2019 (Kt)
Table 64 Asia-Pacific: Savory Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 65 Asia-Pacific: Market Size, By Application, 2012-2019 (Kt)
Table 66 China: Market Size, By Application, 2012-2019 ($Million) 
Table 67 China: Market Size, By Application, 2012-2019 (Kt) 
Table 68 Japan: Market Size, By Application, 2012-2019 ($Million) 
Table 69 Japan: Market Size, By Application, 2012-2019 (Kt) 
Table 70 India: Savory Ingredients Market Size, By Application, 2012-2019 ($Million) 
Table 71 India: Market Size, By Application, 2012-2019 (Kt) 
Table 72 Other Asia-Pacific Countries: Savory Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 73 Other Asia-Pacific Countries: Market Size, By Application, 2012-2019 (Kt)
Table 74 ROW: Savory Ingredients Market Size, By Application, 2012-2019 ($Million) 
Table 75 ROW: Market Size, By Application, 2012-2019 (Kt) 
Table 76 Brazil: Market Size, By Application, 2012-2019 ($Million) 
Table 77 Brazil: Market Size, By Application, 2012-2019 (Kt) 
Table 78 Argentina: Market Size, By Application, 2012-2019 ($Million)
Table 79 Argentina: Market Size, By Application, 2012-2019 (Kt)
Table 80 Other Countries in ROW: Market Size, By Application, 2012-2019 ($Million) 
Table 81 Other Countries in ROW: Market Size, By Application, 2012-2019 (Kt) 
Table 82 Savory Ingredients Market Size, By Geography, 2012-2019 ($Million) 
Table 83 Market Size, By Geography, 2012-2019 (Kt)
Table 84 North America: Market Size, By Country, 2012-2019 ($Million)
Table 85 North America: Market Size, By Country, 2012-2019 (Kt)
Table 86 Europe: Market Size, By Country, 2012-2019 ($Million) 
Table 87 Europe: Market Size, By Country, 2012-2019 (Kt) 
Table 88 Asia-Pacific: Market Size, By Country, 2012-2019 ($Million)
Table 89 Asia-Pacific: Market Size, By Country, 2012-2019 (Kt)
Table 90 ROW: Market Size, By Country, 2012-2019 ($Million) 
Table 91 ROW: Market Size, By Country, 2012-2019 (Kt) 
Table 92 Expansions, Investments & New Innovation Centers
Table 93 New Product/Technology Launches, Approvals
Table 94 Agreements, Collaborations & Joint Ventures
Table 95 Mergers & Acquisitions
Table 96 Sensient: Products & their Descriptions
Table 97 Givaudan: Products & their Descriptions
Table 98 Tate & Lyle: Products & their Descriptions
Table 99 Lesaffre: Products & their Descriptions
Table 100 Diana Group: Products & their Descriptions
Table 101 Royal DSM: Products & Their Descriptions


List of Figures (42 Figures)

Figure 1 Research Methodology
Figure 2 Savory Ingredient Market Size Estimation Methodology
Figure 3 Data Triangulation Methodology
Figure 4 Savory Ingredients Market Share (Value), By Geography, 2013
Figure 5 Market Size, By Geography, 2012-2019 ($Million) 
Figure 6 Market Size, By Country, 2014-2019 (KT)
Figure 7 Market Size, By Type, 2014 Vs. 2019 ($Million) 
Figure 8 Market Share (Value), By Application, 2013
Figure 9 Savory Ingredients Market Size, By Geography, 2012-2019 (KT)
Figure 10 Market Size, By Type, 2012-2019 (KT)
Figure 11 Market Size, By Geography, 2014-2019 (KT)
Figure 11 Savory Ingredients Market Segmentation
Figure 12 Market Share (Value), By Geography, 2013
Figure 13 Market Share (Value), By Type, 2013
Figure 14 Market Share (Value), By Application, 2013
Figure 15 Market Size, By Type & Region, 2014 Vs. 2019 ($Million) 
Figure 16 Savory Ingredients Market Size, By Country, 2012-2019 (KT)
Figure 17 Factors Leading to Increase in Demand for Convenience Food
Figure 18 Rising Instant Noodle Industry
Figure 19 Potential Impact of Opportunities for The Savory Ingredients Market
Figure 20 Impact Analysis of the Market
Figure 21 Porterís Five forces Analysis
Figure 22 Savory Ingredients Market, By Type
Figure 23 North America: Market Share (Value), By Type, 2013 
Figure 24 Europe: Market Share (Value), By Type, 2013
Figure 25 Asia-Pacific: Market, By Type, 2014-2019 ($Million) 
Figure 26 ROW: Market Share (Value), By Type, 2014-2019 
Figure 27 North America: Market Size, By Application, 2014 Vs. 2019 ($Million) 
Figure 28 Europe: Market Size, By Application, 2013-2019 ($Million)
Figure 29 Asia-Pacific: Market Size, By Application, 2014 Vs. 2019 ($Million)
Figure 30 ROW: Market Size, By Application, 2014 Vs. 2019 ($Million) 
Figure 31 Market Size, By Geography, 2012-2019 ($Million) 
Figure 32 North America: Market Size, By Geography, 2012-2019 ($Million) 
Figure 33 Europe: Market Share (Value), By Geography, 2013 
Figure 34 Asia-Pacific: Market Size, By Country, 2014-2019 ($Million)
Figure 35 ROW: Market Size, By Country, 2014-2019 ($Million) 
Figure 36 Savory Ingredients Market Growth Strategies, 2010-2014
Figure 37 Market Developments, By Growth Strategy, 2010-2014
Figure 38 Market Share of top Players in Market Growth Strategies
Figure 39 Expansions, Investments & New Innovation Centers, 2010-2014 
Figure 40 New Product & Technology Launches, Approvals, 2010-2014
Figure 41 Agreements, Collaborations & Joint Ventures
Figure 42 Mergers & Acquisitions, 2010-2014

The global savory ingredients market is projected to grow at a CAGR of 5.7% from 2014 to 2019.

The major savory flavor ingredients used globally are yeast extract, hydrolyzed vegetable protein, hydrolyzed animal protein, monosodium glutamate, and ribonucleotides (disodium 5í-guanylate and disodium 5í-inosinate). The latter are particularly effective when used in combination with other savory flavor ingredients. Ribonucleotides boost the effectiveness of other savory flavor ingredients.

All these ingredients contribute to give foods the so-called umami character. Probably, the best known and certainly the most widely used savory flavor ingredient globally is monosodium glutamate. In India, monosodium glutamate consumption is modest and amounts to only around 8.5 KT per year. They are mainly used in soups, noodles, and ready-to-eat meals with a large proportion of the monosodium glutamate used in India going into food service applications. China is on the way to becoming a major global supplier of savory flavoring ingredients.

The flavor characteristics of yeast extract or hydrolyzed vegetable protein can be tailored to give a range of different profiles with more or less meaty character. Both are suitable for vegetarian foods as the meaty character comes from the presence of different combinations of amino acids and degradation products rather than from any kind of animal products. Major industrial end-use segment include instant noodles, sauces, and stocks.

The majority of the savory ingredients are used in the food industry, and its market is projected to grow at a CAGR of 6.6% in the projected period.

Savory Ingredients Market Share (Value), by Geography, 2013

Savory Ingredients Market

Source: Company Annual Report, Company Presentations, Company Websites, Online Journals, and MarketsandMarkets Analysis

The figure above depicts the shares of North America, Europe, Asia-Pacific, and RoW in the global savory ingredients market.

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