Savory Ingredients Market by Type ((Monosodium Glutamate, Yeast Extracts, HVPs, HAPs, Nucleotides, and Other Types), Form (Powder, Liquid, and Others), Origin (Natural and Synthetic), Application (Food and Feed), and Region - Global Forecast to 2025
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Request For Special Pricing[165 Pages Report] According to MarketsandMarkets, the global savory ingredients market is estimated to be valued at USD 7.2 billion in 2020 and is projected to reach USD 9.3 billion by 2025, recording a CAGR of 5.2%. The demand for flavor enhancers witnessed a significant increase due to the availability of a variety of food choices for consumers. The demand for food consisting of different flavors is increasing at an exponential rate across the world. To meet this demand, highly cost-effective and innovative ways of producing flavors, which are added as flavor enhancers, are expected to propel the growth of the savory ingredients market. However, the growing awareness regarding the ill-effects of synthetic savory ingredients, such as MSG, is one of the key factors restricting the growth of this market in developed regions, where the consumers are more inclined toward natural ingredients such as yeast extracts.
By type, the monosodium glutamate segment is projected to account for a larger share in the savory ingredients market
The monosodium glutamate segment is projected to dominate the market, on the basis of type, during the forecast period. This is attributed to the cost-effectiveness and wide application areas of MSG in food and feed applications. MSG is a sodium salt of glutamic acid and is the most widely used savory ingredient. It is generally added to food to enhance the salty or sugary flavor, even though it is tasteless. MSG is widely used in frozen foods, spice mixes, canned & dry soups, salad dressings, and meat or fish-based products.
By application, the food segment is expected to account for a larger share in the savory ingredients market during the forecast period
Based on application, the market for savory ingredients is segmented into food and feed. The food segment is estimated to account for a larger share because of the high consumption of savory ingredients, such as MSG and yeast extracts, in various food applications, such as prepared meals and snacks. The rising consumption of natural savory ingredients with the growing demand for clean label and free-from products drives the market for savory ingredients in the food industry.
Asia Pacific is projected to account for the largest market share during the forecast period
In 2019, Asia Pacific accounted for the largest market share in the savory ingredients market. The processed food industry in the Asia Pacific region is experiencing fast growth owing to changes in lifestyles and an increase in disposable income levels. The processed food market in the region is currently undergoing dynamic changes in response to rapid urbanization, diet diversification, and liberalization in the food sector.
Key Market Players:
The key players in this market include Givaudan (Switzerland), Lesaffre Group (France), ADM (US), Ajinomoto Co., Inc. (Japan), Koninklijke DSM N.V. (Netherlands), Kerry Group PLC (Ireland), Tate & Lyle PLC (UK), and AngelYeast Co., Ltd. (China).
Scope of the Savory Ingredients Market Report
|
Report Metric |
Details |
|
Market size estimation |
20182025 |
|
Base year considered |
2019 |
|
Forecast period considered |
20202025 |
|
Units considered |
Value (USD), Volume (Kilo Tons) |
|
Segments covered |
Type, origin, form, application, and region |
|
Regions covered |
North America, Asia Pacific, Europe, South America, and RoW |
|
Companies studied |
|
Target Audience
- Raw material manufacturers and suppliers
- Research institutions
- Government bodies
- Distributors
- End users (food & beverage industry)
Type
- Monosodium glutamate
- Hydrolyzed vegetable proteins
- Hydrolyzed animal proteins
- Nucleotides
- Other types
Origin
- Synthetic
- Natural
Form
- Powder
- Liquid
- Other forms
Application
- Food
- Prepared meals
- Snacks
- Other food applications
- Feed
By Region
- North America
- Europe
- Asia Pacific
- South America
- Rest of the World (RoW)
Recent Developments
- In March 2020, Kerry Group set up new regional development and food manufacturing facility in Georgia, Rome. This new establishment would help the company to serve its customer base in Europe, increase its production capacity, and expand its geographic reach.
- In August 2019, Ajinomoto Malaysia, a subsidiary of Ajinomoto Co., Inc., invested approximately USD 80 million to build a new manufacturing plant for the production of menu-specific seasonings, umami seasonings, and flavor seasonings. This expansion would increase the capacity of its existing plant.
- In December 2019, AngelYeast Co., Ltd. launched a new natural flavor-enhancing solution for plant-based food and beverages in Europe. This product launch will help the company to strengthen its portfolio and increase its customer base in Europe.
- In November 2019, DSM launched MaxaGourmet, a solution, in the savory ingredient category. It was launched in Europe to help DSM strengthen its product portfolio and company presence in Europe.
Key Questions Addressed by the Savory Ingredients Market Report
- What are the growth opportunities in the savory ingredients market?
- What are the major food application areas for savory ingredients?
- What are the key factors affecting market dynamics?
- What are some of the significant challenges and restraints that the industry faces?
- Which are the key players operating in the market, and what initiatives have they undertaken over the past few years?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 18)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.4 REGIONAL SEGMENTATION
1.5 PERIODIZATION CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 UNIT CONSIDERED
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 23)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key Data From Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of Primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 SAVORY INGREDIENTS MARKET SIZE ESTIMATION: METHOD 1
2.2.2 SAVORY INGREDIENTS MARKET SIZE ESTIMATION: METHOD 2
2.2.3 SAVORY INGREDIENTS MARKET SIZE NOTES
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR THE STUDY
2.5 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY (Page No. - 31)
4 PREMIUM INSIGHTS (Page No. - 34)
4.1 OVERVIEW OF THE SAVORY INGREDIENTS MARKET
4.2 MARKET, BY ORIGIN, 2019
4.3 ASIA PACIFIC: MARKET, BY APPLICATION AND KEY COUNTRY
4.4 MARKET, BY APPLICATION AND REGION, 2019
4.5 MARKET, BY KEY COUNTRY/REGION, 2019
5 MARKET OVERVIEW (Page No. - 38)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing popularity of convenience food products
5.2.1.2 Growing government intervention toward the reduction of salt intake in developed countries
5.2.1.3 Increase in the number of end-use applications of savory ingredients
5.2.1.4 Changing consumer food preferences in developing regions
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations on international quality standards
5.2.2.2 High cost of processing and raw materials
5.2.3 OPPORTUNITIES
5.2.3.1 Rising demand for natural and healthy flavor ingredients
5.2.3.2 Growing need for the replacement of MSG
5.2.4 CHALLENGES
5.2.4.1 Consumer awareness about the ill-effects of flavor enhancers
5.2.4.2 Growing demand for clean labels
5.3 REGULATIONS
5.3.1 US & CANADA
5.3.2 INDIA
5.3.3 AUSTRALIA
5.3.4 EUROPE
5.4 YC-YCC SHIFT
6 SAVORY INGREDIENTS MARKET, BY TYPE (Page No. - 47)
6.1 INTRODUCTION
6.2 YEAST EXTRACTS
6.2.1 GROWING DEMAND FOR NATURAL INGREDIENTS SUPPORTS THE GROWTH OF YEAST EXTRACTS
6.3 HYDROLYZED VEGETABLE PROTEINS
6.3.1 THE GROWING DEMAND FOR CONVENIENCE FOOD AND PREPARED MEALS DRIVES THE MARKET FOR HYDROLYZED VEGETABLE PROTEINS
6.4 HYDROLYZED ANIMAL PROTEINS
6.4.1 HYDROLYZED ANIMAL PROTEINS (HAPS) ARE MAJORLY USED IN THE FEED SECTOR
6.5 MONOSODIUM GLUTAMATE (MSG)
6.5.1 MSG IS THE MOST CONSUMED SAVORY INGREDIENT IN DEVELOPING COUNTRIES
6.6 NUCLEOTIDES
6.6.1 NUCLEOTIDES ARE EXPECTED TO HAVE A HIGH POTENTIAL TO ENHANCE THE PROFITABILITY OF LIVESTOCK
6.7 OTHER TYPES
7 SAVORY INGREDIENTS MARKET, BY ORIGIN (Page No. - 57)
7.1 INTRODUCTION
7.2 NATURAL
7.2.1 RISING HEALTH CONCERNS AMONG CONSUMERS RESULT IN THE GROWTH IN DEMAND FOR NATURALLY SOURCED INGREDIENTS IN FOOD PRODUCTS
7.3 SYNTHETIC
7.3.1 LOW-COST MANUFACTURING PROCESS FOR SYNTHETIC SAVORY INGREDIENTS DRIVES THE MARKET GROWTH
8 SAVORY INGREDIENTS MARKET, BY FORM (Page No. - 63)
8.1 INTRODUCTION
8.2 POWDER
8.2.1 WIDE USAGE OF POWDERED SAVORY INGREDIENTS IN FOODSERVICE OUTLETS AND HOUSEHOLDS DRIVES THE MARKET GROWTH
8.3 LIQUID
8.3.1 HIGH SOLUBILITY OF THE LIQUID FORM SUPPORTS ITS USAGE IN BEVERAGES
8.4 OTHER FORMS
9 SAVORY INGREDIENTS MARKET, BY APPLICATION (Page No. - 67)
9.1 INTRODUCTION
9.2 FOOD
9.2.1 GROWING DEMAND FOR CONVENIENCE AND READY-TO-EAT FOOD WITH UMAMI FLAVOR DRIVES THE GROWTH OF SAVORY INGREDIENTS IN THE FOOD SEGMENT
9.3 FEED
9.3.1 DEMAND FOR NATURAL SAVORY INGREDIENTS, SUCH AS YEAST EXTRACTS AND HVP, IN FEED SUPPORTS THE GROWTH OF THE MARKET
10 SAVORY INGREDIENTS MARKET, BY REGION (Page No. - 74)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.1.1 Increasing demand for savory flavors in packaged and ready-to-eat food products to drive the US market
10.2.2 CANADA
10.2.2.1 Varied regulations by the government for synthetic ingredients create opportunities for market players to produce natural savory food ingredients
10.2.3 MEXICO
10.2.3.1 Challenge for manufacturers to produce plant-based food products with a blend of savory flavors
10.3 EUROPE
10.3.1 UK
10.3.1.1 Growing trend of free-from products drives the natural savory ingredients market growth
10.3.2 GERMANY
10.3.2.1 Inclination toward healthy snacking supports the demand for savory ingredients in snacks
10.3.3 SPAIN
10.3.3.1 Growth in applications such as cheese, cured meat, and bakery & confectionery products drives the market for savory ingredients
10.3.4 ITALY
10.3.4.1 Adoption of umami taste in traditional Italian food drives the market growth
10.3.5 FRANCE
10.3.5.1 Demand for convenience food with savory flavors in the country drives the market growth
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.1.1 Growth potential of yeast extracts in bakery and brewing industries
10.4.2 JAPAN
10.4.2.1 Change in lifestyles and rising disposable incomes of consumers influence the growth of savory ingredients
10.4.3 INDIA
10.4.3.1 Favorable government policies for savory-flavored processed food support the growth of savory ingredients
10.4.4 INDONESIA
10.4.4.1 Use of monosodium glutamate (MSG) as a flavor enhancer in food products supports the market growth for savory ingredients
10.4.5 THAILAND
10.4.5.1 Extensive use of umami-flavored seasonings in food products drive the market growth
10.4.6 VIETNAM
10.4.6.1 Well-established presence of savory manufacturers and suppliers drives the market significantly in the country
10.4.7 REST OF ASIA PACIFIC
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.1.1 High growth in the demand for packed food with blends of savory flavors drives the market for savory ingredients
10.5.2 ARGENTINA
10.5.2.1 Rise in the domestic consumption for processed food and snacks made with natural ingredients supports the growth of the savory ingredients market
10.5.3 REST OF SOUTH AMERICA
10.6 REST OF THE WORLD (ROW)
10.6.1 MIDDLE EAST
10.6.1.1 Increasing consumer trend of opting for snacks and ready-to-eat food products presents growth potential for savory products
10.6.2 AFRICA
10.6.2.1 Rapid urbanization and changes in consumer trends for natural flavored food & beverages to drive the market for savory ingredients
11 COMPETITIVE LANDSCAPE (Page No. - 113)
11.1 OVERVIEW
11.2 COMPETITIVE LEADERSHIP MAPPING
11.2.1 DYNAMIC DIFFERENTIATORS
11.2.2 INNOVATORS
11.2.3 VISIONARY LEADERS
11.2.4 EMERGING COMPANIES
11.3 PRODUCT PORTFOLIO ANALYSIS (GLOBAL)
11.4 BUSINESS STRATEGY EXCELLENCE (GLOBAL)
11.5 COMPETITIVE SCENARIO
11.5.1 EXPANSIONS & INVESTMENTS
11.5.2 NEW PRODUCT LAUNCHES
11.5.3 AGREEMENTS, JOINT VENTURES, AND PARTNERSHIPS
11.6 COMPETITIVE LEADERSHIP MAPPING (START-UP/SME)
11.6.1 PROGRESSIVE COMPANIES
11.6.2 STARTING BLOCKS
11.6.3 RESPONSIVE COMPANIES
11.6.4 DYNAMIC COMPANIES
11.7 STRENGTH OF PRODUCT PORTFOLIO (START-UP/SME)
11.8 BUSINESS STRATEGY EXCELLENCE (START-UP/SME)
12 COMPANY PROFILES (Page No. - 125)
(Business overview, Products offered, Recent Developments, SWOT analysis, Right to win)*
12.1 AJINOMOTO CO., INC.
12.2 KONINKLIJKE DSM N.V.
12.3 KERRY GROUP PLC
12.4 TATE & LYLE PLC
12.5 GIVAUDAN
12.6 SYMRISE
12.7 LESAFFRE GROUP
12.8 SENSIENT TECHNOLOGIES CORPORATION
12.9 ANGELYEAST CO., LTD.
12.10 VEDAN INTERNATIONAL (HOLDINGS) LIMITED
12.11 SYNERGY FLAVORS
12.12 VINAYAK INGREDIENTS INDIA PVT LTD.
12.13 HALCYON PROTEINS PVY. LTD.
12.14 NOVOZYMES
12.15 ADM
12.16 CARGILL
12.17 FOOD CHEM INTERNATIONAL CORPORATION
12.18 ABF INGREDIENTS (OHLY)
12.19 THE FUFENG GROUP
12.20 MEIHUA HOLDINGS GROUP CO. LTD
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, Right to win might not be captured in case of unlisted companies.
13 APPENDIX (Page No. - 158)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
LIST OF TABLES (121 Tables)
TABLE 1 USD EXCHANGE RATE, 20142018
TABLE 2 SAVORY INGREDIENTS MARKET SNAPSHOT, 2020 VS. 2025
TABLE 3 SAVORY INGREDIENTS MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 4 MARKET SIZE, BY TYPE, 20182025 (KT)
TABLE 5 YEAST EXTRACTS MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 6 YEAST EXTRACTS MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 7 HYDROLYZED VEGETABLE PROTEINS MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 8 HYDROLYZED VEGETABLE PROTEINS MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 9 HYDROLYZED ANIMAL PROTEINS MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 10 HYDROLYZED ANIMAL PROTEINS MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 11 MONOSODIUM GLUTAMATE MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 12 MONOSODIUM GLUTAMATE MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 13 NUCLEOTIDES MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 14 NUCLEOTIDES MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 15 OTHER TYPES MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 16 OTHER TYPES MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 17 MARKET SIZE, BY ORIGIN, 20182025 (USD MILLION)
TABLE 18 MARKET SIZE, BY ORIGIN, 20182025 (KT)
TABLE 19 NATURAL SAVORY INGREDIENTS: MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 20 NATURAL SAVORY INGREDIENTS: MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 21 SYNTHETIC SAVORY INGREDIENTS: MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 22 SYNTHETIC SAVORY INGREDIENTS: MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 23 MARKET SIZE, BY FORM, 20182025 (USD MILLION)
TABLE 24 MARKET SIZE, BY FORM, 20182025 (KT)
TABLE 25 MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 26 MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 27 MARKET SIZE, BY FOOD APPLICATION, 20182025 (USD MILLION)
TABLE 28 MARKET SIZE, BY FOOD APPLICATION, 20182025 (KT)
TABLE 29 FOOD: MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 30 FOOD: MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 31 FEED: MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 32 FEED: MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 33 MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 34 MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 35 NORTH AMERICA: SAVORY INGREDIENTS MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 36 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 20182025 (KT)
TABLE 37 NORTH AMERICA: MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 38 NORTH AMERICA: MARKET SIZE, BY TYPE, 20182025 (KT)
TABLE 39 NORTH AMERICA: MARKET SIZE, BY ORIGIN, 20182025 (USD MILLION)
TABLE 40 NORTH AMERICA: MARKET SIZE, BY ORIGIN, 20182025 (KT)
TABLE 41 NORTH AMERICA: MARKET SIZE, BY FORM, 20182025 (USD MILLION)
TABLE 42 NORTH AMERICA: MARKET SIZE, BY FORM, 20182025 (KT)
TABLE 43 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 44 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 45 US: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 46 US: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 47 CANADA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 48 CANADA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 49 MEXICO: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 50 MEXICO: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 51 EUROPE: SAVORY INGREDIENTS MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 52 EUROPE: MARKET SIZE, BY COUNTRY, 20182025 (KT)
TABLE 53 EUROPE: MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 54 EUROPE: MARKET SIZE, BY TYPE, 20182025 (KT)
TABLE 55 EUROPE: MARKET SIZE, BY ORIGIN, 20182025 (USD MILLION)
TABLE 56 EUROPE: MARKET SIZE, BY ORIGIN, 20182025 (KT)
TABLE 57 EUROPE: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 58 EUROPE: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 59 UK: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 60 UK: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 61 GERMANY: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 62 GERMANY: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 63 SPAIN: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 64 SPAIN: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 65 ITALY: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 66 ITALY: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 67 FRANCE: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 68 FRANCE: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 69 REST OF EUROPE: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 70 REST OF EUROPE: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 71 ASIA PACIFIC: SAVORY INGREDIENTS MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 72 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 20182025 (KT)
TABLE 73 ASIA PACIFIC: MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 74 ASIA PACIFIC: MARKET SIZE, BY TYPE, 20182025 (KT)
TABLE 75 ASIA PACIFIC: MARKET SIZE, BY ORIGIN, 20182025 (USD MILLION)
TABLE 76 ASIA PACIFIC: MARKET SIZE, BY ORIGIN, 20182025 (KT)
TABLE 77 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 78 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 79 CHINA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 80 CHINA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 81 JAPAN: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 82 JAPAN: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 83 INDIA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 84 INDIA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 85 INDONESIA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 86 INDONESIA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 87 THAILAND: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 88 THAILAND: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 89 VIETNAM: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 90 VIETNAM: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 91 REST OF ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 92 REST OF ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 93 SOUTH AMERICA: SAVORY INGREDIENTS MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 94 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 20182025 (KT)
TABLE 95 SOUTH AMERICA: MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 96 SOUTH AMERICA: MARKET SIZE, BY TYPE, 20182025 (KT)
TABLE 97 SOUTH AMERICA: MARKET SIZE, BY ORIGIN, 20182025 (USD MILLION)
TABLE 98 SOUTH AMERICA: MARKET SIZE, BY ORIGIN, 20182025 (KT)
TABLE 99 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 100 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 101 BRAZIL: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 102 BRAZIL: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 103 ARGENTINA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 104 ARGENTINA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 105 REST OF SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 106 REST OF SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 107 ROW: SAVORY INGREDIENTS MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 108 ROW: MARKET SIZE, BY REGION, 20182025 (KT)
TABLE 109 ROW: MARKET SIZE, BY TYPE, 20182025 (USD MILLION)
TABLE 110 ROW: MARKET SIZE, BY TYPE, 20182025 (KT)
TABLE 111 ROW: MARKET SIZE, BY ORIGIN, 20182025 (USD MILLION)
TABLE 112 ROW: MARKET SIZE, BY ORIGIN, 20182025 (KT)
TABLE 113 ROW: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 114 ROW: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 115 MIDDLE EAST: MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 116 MIDDLE EAST: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 117 AFRICA: SAVORY INGREDIENTS MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 118 AFRICA: MARKET SIZE, BY APPLICATION, 20182025 (KT)
TABLE 119 EXPANSIONS & INVESTMENTS, 20182020
TABLE 120 NEW PRODUCT LAUNCHES, 20182020
TABLE 121 AGREEMENTS, JOINT VENTURES, AND PARTNERSHIPS, 20182020
LIST OF FIGURES (46 Figures)
FIGURE 1 SAVORY INGREDIENTS MARKET SEGMENTATION
FIGURE 2 SAVORY INGREDIENTS MARKET: RESEARCH DESIGN
FIGURE 3 DATA TRIANGULATION METHODOLOGY
FIGURE 4 MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
FIGURE 5 MARKET SIZE, BY ORIGIN, 2020 VS. 2025 (USD MILLION)
FIGURE 6 MARKET SHARE AND GROWTH (VALUE), BY REGION
FIGURE 7 GROWING DEMAND FOR SAVORY-FLAVORED PROCESSED & CONVENIENCE FOOD PRODUCTS TO DRIVE THE MARKET FOR SAVORY INGREDIENTS
FIGURE 8 SYNTHETIC SEGMENT ACCOUNTED FOR A LARGER SHARE IN THE SAVORY INGREDIENTS MARKET
FIGURE 9 ASIA PACIFIC: CHINA DOMINATED THE SAVORY INGREDIENTS MARKET DUE TO THE HIGH CONSUMPTION OF FLAVOR-ENHANCED SAVORY PRODUCTS AND LARGE PRODUCTION BY KEY PLAYERS IN THE COUNTRY
FIGURE 10 ASIA PACIFIC ACCOUNTED FOR THE LARGEST SHARE IN THE MARKET FOR FOOD IN 2019
FIGURE 11 CHINA ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019
FIGURE 12 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 13 MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD MILLION)
FIGURE 14 MARKET SIZE, BY TYPE, 2020 VS. 2025 (KT)
FIGURE 15 MARKET SIZE, BY ORIGIN, 2020 VS. 2025 (USD MILLION)
FIGURE 16 MARKET SIZE, BY ORIGIN, 2020 VS. 2025 (KT)
FIGURE 17 MARKET SIZE, BY FORM, 2020 VS. 2025 (USD MILLION)
FIGURE 18 MARKET SIZE, BY FORM, 2020 VS. 2025 (KT)
FIGURE 19 MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
FIGURE 20 MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (KT)
FIGURE 21 ASIA PACIFIC MARKET TO WITNESS SIGNIFICANT GROWTH DURING 20202025
FIGURE 22 EUROPE: MARKET SNAPSHOT
FIGURE 23 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 24 MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 25 KEY DEVELOPMENTS OF LEADING PLAYERS IN THE SAVORY INGREDIENTS MARKET, 20172020
FIGURE 26 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SAVORY INGREDIENTS MARKET (GLOBAL)
FIGURE 27 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SAVORY INGREDIENTS MARKET (GLOBAL)
FIGURE 28 SAVORY INGREDIENTS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019 (START-UP/SME)
FIGURE 29 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SAVORY INGREDIENTS MARKET (START-UP/SME)
FIGURE 30 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SAVORY INGREDIENTS MARKET (START-UP/SME)
FIGURE 31 AJINOMOTO CO., INC.: COMPANY SNAPSHOT
FIGURE 32 AJINOMOTO CO., INC.: SWOT ANALYSIS
FIGURE 33 KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT
FIGURE 34 KONINKLIJKE DSM N.V.: SWOT ANALYSIS
FIGURE 35 KERRY GROUP PLC: COMPANY SNAPSHOT
FIGURE 36 KERRY GROUP PLC: SWOT ANALYSIS
FIGURE 37 TATE & LYLE PLC: COMPANY SNAPSHOT
FIGURE 38 TATE & LYLE PLC: SWOT ANALYSIS
FIGURE 39 GIVAUDAN: COMPANY SNAPSHOT
FIGURE 40 GIVAUDAN: SWOT ANALYSIS
FIGURE 41 SYMRISE: COMPANY SNAPSHOT
FIGURE 42 SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
FIGURE 43 VEDAN INTERNATIONAL (HOLDINGS) LTD.: COMPANY SNAPSHOT
FIGURE 44 ADM: COMPANY SNAPSHOT
FIGURE 45 ABF INGREDIENTS (OHLY): COMPANY SNAPSHOT
FIGURE 46 THE FUFENG GROUP: COMPANY SNAPSHOT
The study involved four major activities in estimating the market size for savory ingredients. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, in order to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.
Primary Research
The market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand-side of the market is characterized by the presence of various industrial product processors of food & beverages, which include meat and seafood processors, alcoholic drinks processors and carbonated drinks processors, and research institutions. The supply side is characterized by the presence of raw material manufacturers, suppliers, distributors, researchers, and service providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Given below is the breakdown of the primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the savory ingredients market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players were identified through extensive primary and secondary research.
- The value chain and market size of the savory ingredients market, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research included the study of reports, reviews, newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
Data Triangulation
After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adoptedtop-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.
Report Objectives
- To describe and forecast the savory ingredients market, in terms of type, origin, form, application, and region
- To describe and forecast the market for savory ingredients, in terms of value, by regionAsia Pacific, Europe, North America, South America, and the Rest of the Worldalong with their respective countries
- To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of the market
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To strategically profile the key players and comprehensively analyze their market position, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders
- To analyze strategic approaches such as acquisitions & divestments, expansions, product launches & approvals, and agreements in the market
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:
Geographic Analysis
- Further breakdown of the Rest of the World savory ingredients market into Africa and the Middle East
- Further breakdown of the Rest of Asia Pacific savory ingredients market into Australia & New Zealand, Singapore, Malaysia, and the Philippines
- Further breakdown of the Rest of European savory ingredients market into Denmark, Poland, and Norway
Segmental Analysis
- Further breakdown of the savory ingredient application market, by country
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Savory Ingredients Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Savory Ingredients Market