Savory Ingredients Market by Type (Yeast extracts, Hydrolyzed vegetable proteins, Hydrolyzed animal proteins, Monosodium glutamate, Nucleotides), Application (Food, Feed), Origin (Natural, Synthetic), form, and Region - Global Forecast to 2022

The global market for savory ingredients was valued at USD 5.79 Billion in 2015; this is projected to grow at a CAGR of 5.61% from 2016, to reach USD 8.46 Billion by 2022. The main objectives of the report are to define, segment, and project the size of the global savory ingredients market with respect to type, application, form, origin and region; provide detailed information regarding the key factors influencing the growth of the market; and strategically profile key players and comprehensively analyze their core competencies.

Years considered for this report

2015 – Base year
2016 – Estimated year
2022 – Projected year

Research Methodology

This research study involves the extensive usage of secondary sources—Food and Agriculture Organization of the United Nations (FAO), FEFANA (EU Association of Specialty Feed Ingredients and their Mixtures), and International Food and Agribusiness Management Association (IFAMA)—to identify and collect information useful for this technical, market-oriented, and commercial study of the savory ingredients market. The primary sources are mainly several industry experts from core & related industries and preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, alliances, and standard & certification organizations related to all the segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative & quantitative information as well as to assess future prospects.

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The value chain of savory ingredient begins with R&D and product development, in which the selection of source and the quality of the product are determined by the requirement of the product. The value chain helps in bringing about coordination among stakeholders such as Koninklijke DSM N.V. (Netherlands), Ajinomoto Co., Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (U.K.), and Givaudan (Switzerland).

Target Audience

The key stakeholders for the report are as follows:

• Savory ingredients manufacturers
• Savory ingredients importers and exporters
• Government regulatory authorities and research organizations
• Savory ingredients industry associations and industry bodies

Scope of the Report

On the basis of Type, the savory food ingredients market is segmented as follows:

• Yeast extracts
• Hydrolyzed vegetable protein
• Hydrolyzed animal protein
• Monosodium glutamate
• Nucleotides
• Others (including soy sauce powder and savory spice mixes)

On the basis of Application, the savory food ingredients market is segmented as follows:

• Food 
• Feed

On the basis of Origin, the savory food ingredients market is segmented as follows:

• Natural
• Synthetic

On the basis of Form, the savory food ingredients market is segmented as follows:

• Liquid
• Powder
• Others (including paste and spray forms)

On the basis of Region, the savory food ingredients market is segmented as follows:

• North America
• Europe
• Asia-Pacific
• Latin America
• RoW (Africa and the Middle East)

Key Takeaways from this Report

• Global market size in 2015; industry growth forecast from 2016 to 2022
• The yeast extracts segment dominated the savory ingredients market in 2015.
• The Asia-Pacific savory ingredients market was dominant in 2015.
• Detailed company profiles of key manufacturers of savory ingredients.

Available Customizations

With the given market data, MarketsandMarkets offer customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
    1.4 Periodization Considered for the Study
    1.5 Currency
    1.6 Units Considered
    1.7 Stakeholders
    1.8 Limitations

2 Research Methodology (Page No. - 18)
    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 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Macroeconomic Indicators
           2.3.1 Rising Population
           2.3.2 Growth in the Global Beverage and Dairy Industries
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the Savory Ingredients Market
    4.2 Savory Ingredients Markets, By Key Country
    4.3 Life Cycle Analysis: Savory Ingredients Market, By Region
    4.4 Savory Ingredients Market, By Application
    4.5 Savory Ingredients Market, By Type & Region, 2015
    4.6 Asia-Pacific: the Largest Market for Savory Ingredients
    4.7 Savory Ingredients Market, By Form

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By Form
           5.2.4 By Origin
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Demand for Convenience Food Products
                    5.3.1.2 Changing Food Consumption Habits of Consumers in Developing Economies
                    5.3.1.3 Increasing Demand for New Product Variants
           5.3.2 Restraints
                    5.3.2.1 Consumer Awareness on Health Issues Related to Savory Ingredients and Consumer Demand for Clean Labels
                    5.3.2.2 Stringent Regulations
           5.3.3 Opportunities
                    5.3.3.1 Rising Instant Noodle Industry
           5.3.4 Challenges
                    5.3.4.1 Increased Cost of Raw Materials & Energy

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Technological Roadmap
    6.3 Supply Chain Analysis
    6.4 Key Trends
    6.5 Porter’s Five Forces Analysis
           6.5.1 Intensity of Competitive Rivalry
           6.5.2 Bargaining Power of Suppliers
           6.5.3 Bargaining Power of Buyers
           6.5.4 Threat of Substitutes
           6.5.5 Threat of New Entrants
    6.6 Regulatory Bodies and Regulations

7 Savory Ingredients Market, By Type (Page No. - 59)
    7.1 Introduction
    7.2 Yeast Extracts
    7.3 Hydrolyzed Vegetable Protein
    7.4 Hydrolyzed Animal Protein
    7.5 Monosodium Glutamate
    7.6 Nucleotides
    7.7 Other Types

8 Savory Ingredients Market, By Application (Page No. - 67)
    8.1 Introduction
    8.2 Food
    8.3 Feed

9 Savory Ingredients Market, By Origin (Page No. - 72)
    9.1 Introduction
    9.2 Natural
    9.3 Synthetic

10 Savory Ingredients Market, By Form (Page No. - 76)
     10.1 Introduction
     10.2 Liquid
     10.3 Powder
     10.4 Others

11 Savory Ingredients Market, By Region (Page No. - 81)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Spain
             11.3.5 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 India
             11.4.3 Japan
             11.4.4 Vietnam
             11.4.5 Rest of Asia-Pacific
     11.5 Latin America
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 Rest of Latin America
     11.6 Rest of the World (RoW)
             11.6.1 Africa
             11.6.2 Middle East

12 Competitive Landscape (Page No. - 115)
     12.1 Overview
     12.2 Ranking Analysis, By Company
     12.3 Competitive Situations & Trends
             12.3.1 Expansions
             12.3.2 Acquisitions
             12.3.3 New Product Launches
             12.3.4 Joint Ventures, Agreements, Investments, & Partnerships

13 Company Profiles (Page No. - 123)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     13.1 Introduction
     13.2 Ajinomoto Co., Inc.
     13.3 Koninklijke DSM N.V.
     13.4 Kerry Group PLC
     13.5 Tate & Lyle PLC
     13.6 Givaudan
     13.7 Symrise AG
     13.8 Lesaffre Group
     13.9 Senseint Technologies Corporation
     13.10 Angelyeast Co., Ltd.
     13.11 Vedan International (Holdings) Limited

"* The companies listed are a representative sample of the market’s ecosystem and in no particular order"

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

14 Appendix (Page No. - 149)
     14.1 Insights of Industry Experts
     14.2 Other Developments
     14.3 Discussion Guide
     14.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.5 Introducing RT: Real-Time Market Intelligence
     14.6 Available Customizations
     14.7 Related Reports

List of Tables (73 Tables)

Table 1 Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 2 Savory Ingredients Market Size, By Type, 2014–2022 (Kt)
Table 3 Yeast Extracts Market Size, By Region, 2014–2022 (USD Million)
Table 4 Hydrolyzed Vegetable Protein Market Size, By Region, 2014–2022 (USD Million)
Table 5 Hydrolyzed Animal Protein Market Size, By Region, 2014–2022 (USD Million)
Table 6 Monosodium Glutamate Market Size, By Region, 2014–2022 (USD Million)
Table 7 Nucleotides Market Size, By Region, 2014–2022 (USD Million)
Table 8 Other Savory Ingredients Market Size, By Region, 2014–2022 (USD Million)
Table 9 Savory Ingredients Market Size, By Application, 2014–2022 (USD Million)
Table 10 Savory Ingredients Market Size, By Application, 2014–2022 (Kt)
Table 11 Savory Ingredients Market Size for Food, By Region, 2014-2022 (USD Million)
Table 12 Savory Ingredients Market Size for Food, By Type, 2014-2022 (USD Million)
Table 13 Savory Ingredients Market Size for Feed, By Region, 2014-2022 (USD Million)
Table 14 Savory Ingredients Market Size for Feed, By Type, 2014-2022 (USD Million)
Table 15 Savory Ingredients Market Size, By Origin, 2014–2022 (USD Million)
Table 16 Savory Ingredients Market Size, By Form, 2014–2022 (Kt)
Table 17 Natural Savory Ingredients Market Size, By Region, 2014–2022 (USD Million)
Table 18 Synthetic Savory Ingredients Market Size, By Region, 2014–2022 (USD Million)
Table 19 Savory Ingredients Market Size, By Form, 2014–2022 (USD Million)
Table 20 Savory Ingredients Market Size, By Form, 2014–2022 (Kt)
Table 21 Liquid Form Market Size, By Region, 2014–2022 (USD Million)
Table 22 Powder Savory Ingredients Market Size, By Region, 2014–2022 (USD Million)
Table 23 Other Forms Market Size, By Region, 2014–2022 (USD Million)
Table 24 Savory Ingredients Market Size, By Region, 2014–2022 (USD Million)
Table 25 Savory Ingredients Market Size, By Region, 2014–2022 (Kt)
Table 26 North America: Savory Ingredients Market Size, By Country, 2014–2022 (USD Million)
Table 27 North America: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 28 North America: Savory Ingredients Market Size, By Application, 2014–2022 (USD Million)
Table 29 North America: Savory Ingredients Market Size, By Form, 2014–2022 (USD Million)
Table 30 North America: Savory Ingredients Market Size, By Origin, 2014–2022 (USD Million)
Table 31 U.S.: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 32 Canada: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 33 Mexico: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 34 Europe: Savory Ingredients Market Size, By Country, 2014–2022 (USD Million)
Table 35 Europe: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 36 Europe: Savory Ingredients Market Size, By Application, 2014–2022 (USD Million)
Table 37 Europe: Savory Ingredients Market Size, By Form, 2014–2022 (USD Million)
Table 38 Europe: Savory Ingredients Market Size, By Origin, 2014–2022 (USD Million)
Table 39 U.K.: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 40 Germany: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 41 France: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 42 Spain: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 43 Rest of Europe: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 44 Asia-Pacific: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 45 Asia-Pacific: Savory Ingredients Market Size, By Application, 2014–2022 (USD Million)
Table 46 Asia-Pacific: Savory Ingredients Market Size, By Form, 2014–2022 (USD Million)
Table 47 Asia-Pacific: Savory Ingredients Market Size, By Origin, 2014–2022 (USD Million)
Table 48 Asia-Pacific: Savory Ingredients Market Size, By Country, 2014–2022 (USD Million)
Table 49 China: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 50 India: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 51 Japan: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 52 Vietnam: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 53 Rest of Asia-Pacific: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 54 Latin America: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 55 Latin America: Savory Ingredients Market Size, By Application, 2014–2022 (USD Million)
Table 56 Latin America: Savory Ingredients Market Size, By Form, 2014–2022 (USD Million)
Table 57 Latin America: Savory Ingredients Market Size, By Origin, 2014–2022 (USD Million)
Table 58 Latin America: Savory Ingredients Market Size, By Country, 2014–2022 (USD Million)
Table 59 Brazil: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 60 Argentina: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 61 Rest of Latin America: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 62 RoW: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 63 RoW: Savory Ingredients Market Size, By Application, 2014–2022 (USD Million)
Table 64 RoW: Savory Ingredients Market Size, By Form, 2014–2022 (USD Million)
Table 65 RoW: Savory Ingredients Market Size, By Origin, 2014–2022 (USD Million)
Table 66 RoW: Savory Ingredients Market Size, By Country, 2014–2022 (USD Million)
Table 67 Africa: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 68 Middle East: Savory Ingredients Market Size, By Type, 2014–2022 (USD Million)
Table 69 Top Five Companies in the Savory Ingredients Market, on the Basis of Products and Developments
Table 70 Expansions, 2016
Table 71 Acquisitions, 2014-2016
Table 72 New Product Launches, 2014–2015
Table 73 Joint Ventures, Agreements, Investments & Partnerships, 2012–2016

List of Figures (57 Figures)

Figure 1 Savory Ingredients Market Segmentation
Figure 2 Savory Ingredients: Research Design
Figure 3 Breakdown of Primary Interviews, By Company Type, Designation & Region
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Global Population is Projected to Reach ~9.5 Billion By 2050
Figure 7 Growth Rate of Global Beverage Sales, 2011–2016
Figure 8 Data Triangulation
Figure 9 Savory Ingredients Market Size, By Application, 2016 vs 2022 (USD Billion)
Figure 10 Savory Ingredients Market Size, By Type, 2014–2021 (USD Billion)
Figure 11 Savory Ingredients Market Size, By Origin, 2016 vs 2022 (USD Billion)
Figure 12 Savory Ingredients Market, By Form, 2016 vs 2022 (USD Billion)
Figure 13 Savory Ingredients Market, By Region, 2014–2022 (USD Billion)
Figure 14 Asia-Pacific is Projected to Be the Fastest-Growing Market for Savory Ingredients From 2016 to 2022
Figure 15 Savory Ingredients: an Emerging Market With Promising Growth Potential, 2016-2022
Figure 16 China to Lead the Global Savory Ingredients Market, 2016 to 2022
Figure 17 Savory Ingredients Market in Asia-Pacific is Experiencing High Growth
Figure 18 Food is Projected to Be the Faster Segment By 2022
Figure 19 Asia-Pacific Accounted for the Largest Share in the Monosodium Glutamate Market in 2015
Figure 20 Changing Trends in Food & Feed Industry Have Strengthened the Demand for Savory Ingredients in the Asia-Pacific Region
Figure 21 Powder Segment is Projected to Be the Largest Form Segment, By 2022
Figure 22 Savory Ingredients Market, By Type
Figure 23 Savory Ingredients Market, By Application
Figure 24 Savory Ingredients Market, By Form
Figure 25 Savory Ingredients Market, By Origin
Figure 26 Savory Ingredients Market: Drivers, Restraints, Opportunities & Challenges
Figure 27 Revenue of Quick-Serving Restaurants in the U.S., 2010-2014 (USD Billion)
Figure 28 GDP Growth Rate of Emerging Economies, 2011-2014
Figure 29 Instant Noodle Industry, 2011-2015 (Million Servings)
Figure 30 Supply Chain of Savory Ingredients in the Market
Figure 31 Growing Health Consciousness Among Consumers and an Increase in Demand are the Leading Trends in the Industry
Figure 32 Porter’s Five Forces Analysis
Figure 33 Yeast Extracts Projected to Be the Fastest-Growing Segment Between 2016 and 2022 (USD Million)
Figure 34 Savory Ingredients Market, By Application
Figure 35 Savory Ingredients Market, By Origin
Figure 36 Savory Ingredients Market, By Form
Figure 37 Geographic Snapshot (2016–2022): China is Projected to Grow at the Highest Rate and is Emerging as A New Hotspot
Figure 38 North America: Savory Ingredients Market Snapshot
Figure 39 Asia-Pacific: Savory Ingredients Market Snapshot
Figure 40 Expansion Was Preferred By Key Savory Ingredients Companies in the Last Five Years
Figure 41 Expansion: the Key Strategy, 2012–2016
Figure 42 Expansions: the Key Strategy, 2011–2016
Figure 43 Geographic Revenue Mix of Top Five Market Players
Figure 44 Ajinomoto Co., Inc.: Company Snapshot
Figure 45 Ajinomoto Co., Inc.: SWOT Analysis
Figure 46 Koninklijke DSM N.V.: Company Snapshot
Figure 47 Koninklijke DSM N.V.: SWOT Analysis
Figure 48 Kerry Group PLC: Company Snapshot
Figure 49 Kerry Group PLC: SWOT Analysis
Figure 50 Tate & Lyle PLC: Company Snapshot
Figure 51 Tate & Lyle PLC: SWOT Analysis
Figure 52 Givaudan: Company Snapshot
Figure 53 Givaudan: SWOT Analysis
Figure 54 Symrise AG: Company Snapshot
Figure 55 Senseint Technologies Corporation: Company Snapshot
Figure 56 Angelyeast Co., Ltd: Company Snapshot
Figure 57 Vedan International (Holding) Limited: Company Snapshot

The size of the market for savory ingredients is projected to reach USD 8.46 Billion by 2022, growing at a CAGR of around 5.61% from 2016. The global savory ingredients market has grown exponentially in the last few years. Increase in consumption of ready-to-eat, ready-to-cook food, noodles, and increased demand for Umami flavor are the major driving factors for this market.

On the basis of type, the savory ingredients market is segmented into Yeast extracts, hydrolyzed vegetable proteins, hydrolyzed animal proteins, monosodium glutamate, nucleotides, and other (soy sauce powder and savory spice mixes). Monosodium glutamate accounted for the largest market share in 2015, followed by hydrolyzed animal proteins. The yeast extracts segment is projected to grow at the highest CAGR during the forecast period.

The natural segment, on the basis of origin, is projected to grow at a significant rate during the forecast period. With increase in awareness amongst consumers about the health and environmental concerns, the demand for the natural ingredients is increasing to ensure the quality and safety of the food products.

On the basis of form, the savory ingredients market is segmented into liquid, powder and others (sprays and pastes). The liquid segment is projected to grow at the highest CAGR during the forecast period. Liquid savory ingredients are gaining popularity because of increase in demand for soups and sauces.

On the basis of application, the savory ingredients market is segmented into food and feed. Food is projected to be the fastest-growing from 2016 to 2022. The increase in demand for Umami flavor and fast foods is the major driver for growth.

The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period, owing to the increase in demand for food products. Growth in population, rise in disposable incomes, progressive urbanization, and increase in demand for food products have driven the market for savory ingredients. Growth is majorly witnessed in Vietnam, China, Japan owing to increase in the purchasing power of the population.

The major restraints of the savory ingredients market include stringent regulations regarding labeling and inclusion of savory ingredients in food products. The savory ingredients market has a number of large and small-scale firms. Agreements and investments were the key strategies adopted by market players to ensure their growth. Players such as Koninklijke DSM N.V. (Netherlands), Ajinomoto Co., Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (U.K.), and Givaudan (Switzerland) collectively accounted for the largest share of the savory ingredients market.

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