The Savory Ingredients Market is Predict to reach USD 14 Billion by 2031, at a CAGR of 7.3%

Savory Ingredients Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Savory Ingredients Market size is expected to reach $14 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period.

The Synthetic segment is anticipating a CAGR of 7.8% during (2024 - 2031). Synthetic ingredients, which include artificial flavorings, enhancers like monosodium glutamate (MSG), and other chemically derived compounds, are valued for their consistency, potency, and cost-effectiveness. One of the main advantages of synthetic savory ingredients is their ability to deliver consistent flavor profiles across large batches of food products.

The Snacks segment is leading the Global Savory Ingredients Market by Application in 2023; thereby, achieving a market value of $5.7 billion by 2031. There are numerous factors that contribute to the rise in demand for savory snacks, such as the growing trend of on-the-go dining, the increasing prevalence of snacking between meals, and the evolution of consumer behaviors. Consumers are increasingly in search of snack options that are convenient, tasty, and gratifying and can be consumed at any hour of the day.

The Yeast Extract segment is registering a CAGR of 7.1% during (2024 - 2031). Yeast extract is valued for its natural origin and rich umami flavor, making it a popular choice among health-conscious consumers and clean-label product manufacturers. It is widely used in soups, sauces, snacks, and bakery products to enhance flavor without the need for artificial additives. The demand for yeast extract has been driven by the increasing consumer preference for minimally processed and natural ingredients.

Full Report: https://www.kbvresearch.com/savory-ingredients-market/

The Asia Pacific market dominated the Global Savory Ingredients Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.6 billion by 2031. The North America market is expected to witness a CAGR of 6.9% during (2024 - 2031). Additionally, The Europe market is expected to witness a CAGR of 7.1% during (2024 - 2031).

List of Key Companies Profiled

• Sensient Technologies Corporation
• Kerry Group plc.
• Archer Daniels Midland Company
• AngelYeast Co., Ltd.
• Tate & Lyle plc
• Associated British Foods PLC (Wittington Investments Limited)
• Koninklijke DSM N.V.
• Givaudan International SA
• Symrise AG
• Ajinomoto Co., Inc.

Savory Ingredients Market Report Segmentation

By Source

• Natural
• Synthetic

By Application

• Snacks
• Ready Meals
• Feed
• Others

By Type

• Monosodium Glutamate
• Yeast Extract
• Starch
• Hydrolyzed Vegetable Protein
• Hydrolyzed Animal Protein
• Nucleotides
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Savory Ingredients Market Size & Analysis 2031

• August-2024
• 119 Pages

LAMEA Savory Ingredients Market Size | Growth Report 2031

• August-2024
• 132 Pages

Europe Savory Ingredients Market Size, Share & Forecast 2031

• August-2024
• 132 Pages

Asia Pacific Savory Ingredients Market Size | Forecast 2031

• August-2024
• 133 Pages