Savory Ingredients Market

Leading Companies in Savory Ingredients Industry - Kerry Group plc. (Ireland), Ajinomoto Co., Inc. (Japan) and ADM (US)

The savory ingredients market, currently valued at USD 9.4 billion in 2024 and poised to achieve a 5.2% CAGR, reaching USD 12.1 billion by 2029, is experiencing transformative shifts and innovations.  Savory ingredients play a pivotal role in the food and beverage industry, permeating various product categories. From snacks and ready-to-eat meals to sauces, seasonings, and condiments, savory ingredients contribute to flavor enhancement and consumer satisfaction. Their inclusion is not merely for taste but also to meet evolving consumer preferences for diverse and flavorful food experiences. As consumer lifestyles become increasingly hectic, there's a growing inclination towards convenient food options. This shift has fueled demand for savory ingredients as they are integral to the formulation of convenient and on-the-go food products, catering to the needs of modern consumers seeking both taste and convenience.

Additionally, savory ingredients play a crucial role in the pharmaceutical industry, where they are utilized as flavoring agents to improve the palatability of medicinal formulations. Moreover, their potential health benefits, such as antimicrobial or antioxidant properties, are being explored, expanding their application in pharmaceutical products. In the animal feed sector, savory ingredients contribute to feed palatability and overall quality, supporting optimal animal nutrition and performance.

Kerry Group plc. (Ireland)

Kerry Group, a leading taste and nutrition company, offers a comprehensive line of savory ingredients for food manufacturers. Their "Authentic Savoury" line utilizes chef and scientist collaboration to deliver slow-cooked flavors. They also provide innovative and authentic barbecue flavors, regionally-specific chicken flavors, and Umami & Kokumi ingredients for depth and complexity. In the foodservice sector, their Tastesense™ brand offers tailored solutions including barbecue, chicken, smoke, and grill flavors, along with broths and sodium reduction technology, all designed to ensure authentic taste while maintaining operational efficiency. Through continuous innovation and culinary expertise, Kerry Group remains a leader in delivering high-quality savory solutions to the global food market.

Moreover, Kerry Group plc. prioritizes strategy such as expansion to strengthen its foothold in the savory ingredients market. For instance, in April 2024, the company launched Tastesense Salt, a new ingredient that delivers a salty taste without adding sodium. This innovation addresses a major health concern as many savory snacks exceed WHO's recommended sodium levels. Tastesense Salt helps achieve significant sodium reduction (over 60% in some cases) while maintaining the taste profile. Kerry's expertise allows them to create customized solutions for various snack applications. This development is a major step towards Kerry's vision of sustainable nutrition.

ADM (US)

Archer Daniels Midland Company (ADM) is a global leader in agricultural processing and food ingredient solutions, with a rich history dating back to 1902. Operating across multiple segments including ag services and oilseeds, carbohydrate solutions, and nutrition, ADM plays a pivotal role in the agricultural value chain. With a vast geographic presence and a diverse portfolio of products ranging from vegetable oils and sweeteners to specialty food ingredients and animal nutrition products, ADM serves customers in various industries worldwide. Committed to sustainability and innovation, ADM continually invests in research, technology, and environmental initiatives to meet the evolving needs of consumers while reducing its environmental footprint.

ADM is a flavor supplier that offers a wide range of savory ingredients to help food companies create delicious and innovative products. They understand the culinary world and use high-quality ingredients to deliver exceptional taste experiences. Partnering with ADM allows food businesses to develop unique and nutritious products that will stand out from the competition. In December 2023, ADM agreed with Revela Foods, a Wisconsin-based developer of dairy flavor ingredients and solutions. With projected 2023 sales nearing USD 240 million, Revela's innovative enzyme technology has fueled rapid growth in clean-label dairy flavors for various applications. The acquisition aims to enhance ADM's capabilities in the USD 1.8 billion global dairy flavors and USD 3.2 billion savory flavors segments, complementing its existing portfolio. This strategic move aligns with ADM's commitment to expanding its flavor offerings through acquisitions and organic investments, reinforcing its position as a premier provider of complete nutrition solutions.

Ajinomoto Co., Ltd. (Japan)

Ajinomoto Co., Inc., headquartered in Tokyo, Japan, is a multinational corporation renowned for its diverse portfolio of food and biotechnology products. Established in 1909, Ajinomoto initially focused on monosodium glutamate (MSG) production, later expanding into seasonings, cooking oils, sweeteners, pharmaceuticals, and amino acids. Operating across more than 130 countries and regions, Ajinomoto maintains a robust global presence with manufacturing facilities, research centers, and sales offices worldwide. The company prioritizes research and development, leveraging its expertise in amino acids and biotechnology to continually innovate its product offerings. Ajinomoto is committed to corporate social responsibility, emphasizing sustainability, environmental stewardship, and community engagement. With a strong financial performance and a reputation for quality and innovation, Ajinomoto remains a key player in the global food and biotechnology market. In January 2023, Ajinomoto Health and Nutrition North America Inc. (AHN) acquired the complete shares of More Than Gourmet (MTG). this acquisition marks a significant milestone in AHN’s partnership with MTG, which began in 2019 and underscores AHN’s commitment to enhancing its savory ingredients portfolio.

Related Reports:

Savory Ingredients Market by Ingredient Type (Monosodium Glutamate, Yeast Extracts, HVPS, HAPs, Nucleotides), Form (Powder, Liquid), Origin (Natural, & Synthetic), Application (Food, Feed) and Region - Global Forecast to 2029

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Savory Ingredients Market Size,  Share & Growth Report
Report Code
FB 2604
RI Published ON
4/23/2024
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