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Savory Ingredients Market
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Savory Ingredients Market

Home Food And Beverages Savory Ingredients Market

Savory Ingredients Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Source (Natural and Synthetic), By Production Technique (Heat Treatment, Acid Treatment, and Maillard Reaction), By Type (Yeast Extract, Starch, Protein, Monosodium Glutamate, Nucleotides, and Others), By Application (Food and Feedstuff), and Form (Liquid, Powder, and Others); By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa);

  • Published Date: April 2022
  • Report ID: BWC22122
  • Available Format: PDF
  • Page: 240

Report Overview

The growth of the global savory ingredients market can be attributed to the surging demand for taste enhancers, emulsifiers, thickening agents, etc., to be used in packaged food materials owing to the growing demand and availability of a diversity of food choices for the consumers...

 Global Savory Ingredients Market - Industry Trends & Forecast Report 2028 

The global savory ingredients market was worth USD 7.6 billion in 2021 and is anticipated to reach USD 10.8 billion by 2028. The growth of the global savory ingredients market can be attributed to the surging demand for taste enhancers, emulsifiers, thickening agents, etc., to be used in packaged food materials owing to the growing demand and availability of a diversity of food choices for the consumers. Moreover, factors like an upsurge in the working population coupled with hectic and busy schedules of people propel the demand for instant noodles, packaged snacks, frozen meals, which are key end-users of savory ingredients, which in turn is expected to be driving the savory ingredients market during the forecast period 2022-2028.

Savory Ingredients Market

Savory Ingredients Overview 

Savory ingredients are basically the flavor enhancers that modify the flavors of food items through the course of food processing to enhance the quality and shelf life of products. These food additives help improve the aroma, taste, and flavor of food products. These ingredients impart a natural aromatic flavor and are often used to produce instant food products, nutritional food, meat products, and seasonings. Moreover, these ingredients being cost-effective, are widely employed in the food processing industry in the production of packaged food products, which is anticipated to fuel the savory ingredients market growth.

Global Savory Ingredients Market

Growth Drivers 

Increasing Use of Savory Ingredients in a Diverse Range of Products

The cost-effective savory ingredients have inspired the manufacturers to use them as stabilizers, thickening agents, and emulsifiers in numerous food products. The increasing demand also pushes the market for yeast extracts, natural ingredients made from yeast to manufacture wine, bread, and beer. They are rich in vitamin B complex, amino acids, and valuable nucleotides and are chiefly used as flavor enhancers. Furthermore, the attractive packaging, high-pressure processing, pasteurization, and UV treatment have fueled the growth of the food & beverage industry. By augmenting the shelf life of packaged food products. All these factors have led to the higher demand for savory ingredients, which has propelled the market growth.

Surging Demand for Packaged Foods which are Key End-Users of Savory Ingredients

Over the last decades, demand for packaged and frozen food products has skyrocketed. These packaged foods, such as meat- & fish-based food products, snack products, and others like confectionery products, dairy, and bakery products, are the major end-users of savory ingredients, so their increasing demand should propel the demand for savory ingredients as well. The fast-paced urbanization, the growing influence of the Western food habits, coupled with an increment in the purchasing power of the consumers in the emerging countries of the Asia-Pacific region, including China, India, and Indonesia, are altogether responsible for augmenting the demand for the flavor enhancer and shelf-life extending-based products. Thus, these factors are anticipated to remarkably influence the growth of the market in the global arena during the forecast period 2022-2028.

Growth Restraint

Stringent Government Regulations

Many instances of adverse effects of manufactured food products have been reported, mainly due to the flavoring agents used in them. Consequently, different governments worldwide have set up rigorous regulatory guidelines to regulate the global food flavor market. These regulations, especially in North America and Europe, have led to lethargic growth of the market, chiefly synthetic flavors. There are guidelines regarding the raw materials, their dispensation, ingredients used, as well as labeling of these products. Therefore, the implementation of stringent government regulations concerning the use of savory ingredients is expected to restrain the growth of the savory ingredients market forecast period 2022-2028.

Impact Of COVID-19 On Global Savory Ingredients Market.

The repercussions of the COVID-19 pandemic that engulfed the world at the start of 2020 positively affected the global savory ingredients market. Governments worldwide imposed lockdowns, thus prisoning the world in quarantine into their own houses. As a result, people started hoarding packaged foods due to the uncertainty throughout the lockdowns and the low availability of fresh food products. The rising consumption of packaged food, in turn, had a positive impact on the savory ingredients market as well. Moreover, the second phase of the coronavirus lockdown observed a substantial shift in buying patterns of consumers ranging from basic necessities to high-value items like frozen desserts, packaged meats, and others. According to retailers like Future Group and Metro, there has been a hike in demand for packaged foods like noodles, biscuits, thus, in turn, driving the growth rate of the global savory ingredients market.

Global Savory Ingredients Market– By Type

Based on the type, the global savory ingredients market has been segmented into the following segmentations: yeast extract, starch, protein, monosodium glutamate (MSG), nucleotides, and others. Amidst the segmentation, the monosodium glutamate segment accounted for the larger share in the savory ingredients market in 2021. This can be ascribed to the cost-effectiveness and extensive application areas of MSG in food as well as feed applications. MSG is a sodium salt of glutamic acid, which is the most commonly used savory ingredient. It is added to food to improve the sugary or salty flavor, even on itself being tasteless. MSG is extensively used in spice mixes, frozen foods, salad dressings, canned & dry soups, and meat as well as fish-based products.

Savory Ingredients Market Share

Global Savory Ingredients Market – By Application

The global savory ingredients market can be segmented into food and feedstuff based on the application. Amidst the segmentation, the food segment dominated the global savory ingredient market. This is attributable to the high consumption of savory ingredients, such as MSG as well as yeast extracts, in numerous food applications, like packaged snacks and frozen meals. The growing consumption of natural savory ingredients with the rising demand for free-from and clean label products is expected to propel the market for savory ingredients in the food industry.

Global Savory Ingredients Market – Regional Insights

Based on regions, the global savory ingredients market has been segmented into five categories- North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Amidst the segmentation, the Asia-Pacific region accounted for the largest market share in 2021. Moreover, this trend is likely to continue over the forecast period 2022-2028. The processed food industry in the Asia-Pacific region is undergoing fast growth due to the changes in lifestyles as well an upsurge in disposable income levels of the population. The processed food market in the region is presently undergoing energetic changes in response to fast urbanization, liberalization in the food sector, and diet diversification. The emerging economies in Asia-Pacific are assessed to constitute more than 60% of the global middle-class population of today’s global population. Thus, the surge in the middle-class population is likely to enhance the demand for snacks as well as packaged food products, thereby supplementing the growth of the market.

Competitive Landscape 

The key players dominating the global savory ingredients market are Koninklijke DSM N.V., Ajinomoto Co. Inc., Kerry Group plc, Tate & Lyle plc, Givaudan S.A., Symrise AG, Sensient Technologies Corporation, Angel Yeast Co. Ltd, Vedan International (Holdings) Limited, Kerry Group PLC, Cargill, Lesaffre Group, ABF Ingredients (OHLY), Vinayak Ingredients India Pvt Ltd. and other prominent players. The significant market pioneers maintain their dominance in the market by launching new products, integrating the latest and advanced technologies into their products. Different strategies are adopted like engaging in strategic alliances, agreements, mergers and collaborations

 

Recent Development

 

  • September 2021: Royal DSM, an international science-based corporation in Nutrition, Health as well as Sustainable Living, announced that it signed an agreement to obtain First Choice Ingredients, which is a leading supplier of dairy-based savory flavorings, for US$453 million.

 

  •  May 2021: Synergy Flavors Inc. acquired Innova Flavors, which is a supplier of savory flavors and ingredients, from Griffith Foods Worldwide. The acquisition has expanded Synergy’s savory capabilities and is expected to support the upcoming new product development in meat alternatives, sauces, side dishes, and snacks. It has also added process flavors to Synergy’s portfolio of essences, extracts, and compounded flavors.

 

Scope of Report:

 

Attribute   Details  
Years Considered   Historical data- 2018-2021
Base Year- 2021
Forecast- 2022-2028
Facts Covered   Revenue in USD Million  
Market Coverage   United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa  
Product/Service Segmentation   By source, by production technique, by type, by application, by form and by region.
Key Players   The key players operating in the global savory ingredients market are Koninklijke DSM N.V., Ajinomoto Co. Inc., Kerry Group plc, Tate & Lyle plc, Givaudan S.A., Symrise AG, Sensient Technologies Corporation, Angel Yeast Co. Ltd, Vedan International (Holdings) Limited, Kerry Group PLC, Cargill, Lesaffre Group, ABF Ingredients (OHLY), Vinayak Ingredients India Pvt Ltd. and other prominent players


By Source  

  • Natural
  • Synthetic

By Production Technique

  • Heat Treatment
  • Acid Treatment
  • Maillard Reaction

By Type

  • Yeast Extract
  • Starch
  • Protein
  • Monosodium Glutamate
  • Nucleotides
  • Others

By Application

  • Food
  • Feedstuff

By Form

      •  
  • Liquid
  • Powder
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East and Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Savory Ingredients Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. The Increasing Use of Savory Ingredients in a Diverse Range of Products
        2. The Surging Demand for Packaged Foods which are Key End-Users of Savory Ingredients
        3. Upsurge in The Number of End-Use Applications of Savory Ingredients
        4. Benefits Offered By Savory Ingredients Like Shelf-Life Extension and Flavour Enhancement
      2. Restraints
        1. Stringent Government Regulations To Regulate The Global Food Market
        2. Growing Awareness Regarding the Ill-Effects of Synthetic Savory Ingredients
      3. Opportunities
        1. Booming Hotel, Restaurant and Cafeteria (HoReCa) Sector who are Major Deployer of Savory Ingredients
        2. Growing Consumption of Convenience meals in Asia-Pacific due to Changing Lifestyles
      4. Challenges
        1. High Cost Of Raw Materials For Savory Ingredients
        2. Rising Health Consciousness Among Population
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
      1. U.S.
      2. Canada
      3. Germany
      4. U.K.
      5. China
      6. India
      7. Australia
      8. Other Countries
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Savory Ingredients Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Source
        1. Natural
        2. Synthetic
      2. By Production Technique
        1. Heat Treatment
        2. Acid Treatment
        3. Maillard Reaction
      3. By Type
        1. Yeast Extract
        2. Starch
        3. Protein
        4. Monosodium Glutamate
        5. Nucleotides,
        6. Others
      4. By Application
        1. Food
        2. Feedstuff
      5. By Form
        1. Liquid
        2. Powder
        3. Others
      6. By Region
        1. North America
        2. Europe
        3. Asia Pacific
        4. Latin America
        5. Middle East and Africa
  6. North America Savory Ingredients Market
    1. List / Ranking of Key Players
    2. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    3. Market Share & Forecast
      1. By Source
      2. By Production Technique
      3. By Type
      4. By Application
      5. By Form
      6. By Country
        1. United States
        2. Canada
  7. Europe Savory Ingredients Market
    1. List / Ranking of Key Players
    2. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    3. Market Share & Forecast
      1. By Source
      2. By Production Technique
      3. By Type
      4. By Application
      5. By Form
      6. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. Asia Pacific Savory Ingredients Market
    1. List / Ranking of Key Players
    2. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    3. Market Share & Forecast
      1. By Source
      2. By Production Technique
      3. By Type
      4. By Application
      5. By Form
      6. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Rest of Asia Pacific
  9. Latin America Savory Ingredients Market
    1. List / Ranking of Key Players
    2. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    3. Market Share & Forecast
      1. By Source
      2. By Production Technique
      3. By Type
      4. By Application
      5. By Form
      6. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. Middle East & Africa Savory Ingredients Market
    1. List / Ranking of Key Players
    2. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    3. Market Share & Forecast
      1. By Source
      2. By Production Technique
      3. By Type
      4. By Application
      5. By Form
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Pricing Analysis
  12. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Ranking of Key Players
    3. Market Share Analysis, 2021
    4. Competitive Benchmarking, By Operating Parameters
    5. Key Strategic Development
      1. Mergers & Acquisitions
      2. New Product Launch
      3. Partnership
      4. Joint Ventures
      5. Others
  13. Impact of COVID-19 on Global Savory Ingredients Market Industry
    1. Future Impact
    2. Key Developments during COVID-19
    3. Impact on Market
      1. Different Scenario
      2. Impact on Companies
    4. Regional Impact
  14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Koninklijke DSM N.V.
    2. Ajinomoto Co. Inc.
    3. Kerry Group plc
    4. Tate & Lyle plc
    5. Givaudan S.A.
    6. Symrise AG
    7. Sensient Technologies Corporation
    8. Angel Yeast Co. Ltd
    9. Vedan International (Holdings) Limited
    10. Kerry Group PLC
    11. Cargill
    12. Lesaffre Group
    13. ABF Ingredients (OHLY)
    14. Vinayak Ingredients India Pvt Ltd.
    15. Other Prominent Players
  15. Key Strategic Recommendations

 

List of Figures

 

Figure 1        Global Savory Ingredients Market Segmentation

Figure 2        Global Savory Ingredients Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Savory Ingredients Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Savory Ingredients Market Share, By Source, By Value, 2018-2028

Figure 6        Global Savory Ingredients Market Share, By Production Technique, By Value, 2018-2028

Figure 7        Global Savory Ingredients Market Share, By Type, By Value, 2018-2028

Figure 8        Global Savory Ingredients Market Share, By Application, By Value, 2018-2028

Figure 9        Global Savory Ingredients Market Share, By Form, By Value, 2018-2028

Figure 10       Global Savory Ingredients Market Share, By Region, By Value, 2018-2028

Figure 11       North America Savory Ingredients Market Size, By Value (USD Million), 2018-2028

Figure 12       North America Savory Ingredients Market Share, By Source, By Value, 2018-2028

Figure 13       North America Savory Ingredients Market Share, By Production Technique, By Value, 2018-2028

Figure 14       North America Savory Ingredients Market Share, By Type, By Value, 2018-2028

Figure 15       North America Savory Ingredients Market Share, By Application, By Value, 2018-2028

Figure 16       North America Savory Ingredients Market Share, By Form, By Value, 2018-2028

Figure 17       North America Savory Ingredients Market Share, By Country, By Value, 2018-2028

Figure 18       Europe Savory Ingredients Market Size, By Value (USD Million), 2018-2028

Figure 19       Europe Savory Ingredients Market Share, By Source, By Value, 2018-2028

Figure 20       Europe Savory Ingredients Market Share, By Production Technique, By Value, 2018-2028

Figure 21       Europe Savory Ingredients Market Share, By Type, By Value, 2018-2028

Figure 22       Europe Savory Ingredients Market Share, By Application, By Value, 2018-2028

Figure 23       Europe Savory Ingredients Market Share, By Form, By Value, 2018-2028

Figure 24       Europe Savory Ingredients Market Share, By Country, By Value, 2018-2028

Figure 25       The Asia-Pacific Savory Ingredients Market Size, By Value (USD Million), 2018-2028

Figure 26       The Asia-Pacific Savory Ingredients Market Share, By Source, By Value, 2018-2028

Figure 27       The Asia-Pacific Savory Ingredients Market Share, By Production Technique, By Value, 2018-2028

Figure 28       The Asia-Pacific Savory Ingredients Market Share, By Type, By Value, 2018-2028

Figure 29       The Asia-Pacific Savory Ingredients Market Share, By Application, By Value, 2018-2028

Figure 30       The Asia-Pacific Savory Ingredients Market Share, By Form, By Value, 2018-2028

Figure 31       The Asia-Pacific Savory Ingredients Market Share, By Country, By Value, 2018-2028

Figure 32       Latin America Savory Ingredients Market Size, By Value (USD Million), 2018-2028

Figure 33       Latin America Savory Ingredients Market Share, By Source, By Value, 2018-2028

Figure 34       Latin America Savory Ingredients Market Share, By Production Technique, By Value, 2018-2028

Figure 35       Latin America Savory Ingredients Market Share, By Type, By Value, 2018-2028

Figure 36       Latin America Savory Ingredients Market Share, By Application, By Value, 2018-2028

Figure 37       Latin America Savory Ingredients Market Share, By Form, By Value, 2018-2028

Figure 38       Latin America Savory Ingredients Market Share, By Country, By Value, 2018-2028

Figure 39       The Middle East & Africa Savory Ingredients Market Size, By Value (USD Million), 2018-2028

Figure 40       The Middle East & Africa Savory Ingredients Market Share, By Source, By Value, 2018-2028

Figure 41       The Middle East & Africa Savory Ingredients Market Share, By Production Technique, By Value, 2018-2028

Figure 42       The Middle East & Africa Savory Ingredients Market Share, By Type, By Value, 2018-2028

Figure 43       The Middle East & Africa Savory Ingredients Market Share, By Application, By Value, 2018-2028

Figure 44       The Middle East & Africa Savory Ingredients Market Share, By Form, By Value, 2018-2028

Figure 45       The Middle East & Africa Savory Ingredients Market Share, By Country, By Value, 2018-2028

 

List of Tables

 

Table 1         Global Savory Ingredients Market Size, By Source, By Value, 2018-2028

Table 2         Global Savory Ingredients Market Size, By Production Technique, By Value, 2018-2028

Table 3         Global Savory Ingredients Market Size, By Type, By Value, 2018-2028

Table 4         Global Savory Ingredients Market Size, By Application, By Value, 2018-2028

Table 5         Global Savory Ingredients Market Size, By Form, By Value, 2018-2028

Table 6         Global Savory Ingredients Market Size, By Region, By Value, 2018-2028

Table 7         North America Savory Ingredients Market Size, By Source, By Value, 2018-2028

Table 8         North America Savory Ingredients Market Size, By Production Technique, By Value, 2018-2028

Table 9         North America Savory Ingredients Market Size, By Type, By Value, 2018-2028

Table 10        North America Savory Ingredients Market Size, By Application, By Value, 2018-2028

Table 11        North America Savory Ingredients Market Size, By Form, By Value, 2018-2028

Table 12        North America Savory Ingredients Market Size, By Country, By Value, 2018-2028

Table 13        Europe Savory Ingredients Market Size, By Source, By Value, 2018-2028

Table 14        Europe Savory Ingredients Market Size, By Production Technique, By Value, 2018-2028

Table 15        Europe Savory Ingredients Market Size, By Type, By Value, 2018-2028

Table 16        Europe Savory Ingredients Market Size, By Application, By Value, 2018-2028

Table 17        Europe Savory Ingredients Market Size, By Form, By Value, 2018-2028

Table 18        Europe Savory Ingredients Market Size, By Country, By Value, 2018-2028

Table 19        The Asia-Pacific Savory Ingredients Market Size, By Source, By Value, 2018-2028

Table 20        The Asia-Pacific Savory Ingredients Market Size, By Production Technique, By Value, 2018-2028

Table 21        The Asia-Pacific Savory Ingredients Market Size, By Type, By Value, 2018-2028

Table 22        The Asia-Pacific Savory Ingredients Market Size, By Application, By Value, 2018-2028

Table 23        The Asia-Pacific Savory Ingredients Market Size, By Form, By Value, 2018-2028

Table 24        The Asia-Pacific Savory Ingredients Market Size, By Country, By Value, 2018-2028

Table 25        Latin America Savory Ingredients Market Size, By Source, By Value, 2018-2028

Table 26        Latin America Savory Ingredients Market Size, By Production Technique, By Value, 2018-2028

Table 27        Latin America Savory Ingredients Market Size, By Type, By Value, 2018-2028

Table 28        Latin America Savory Ingredients Market Size, By Application, By Value, 2018-2028

Table 29        Latin America Savory Ingredients Market Size, By Form, By Value, 2018-2028

Table 30        Latin America Savory Ingredients Market Size, By Country, By Value, 2018-2028

Table 31        The Middle East & Africa Savory Ingredients Market Size, By Source, By Value, 2018-2028

Table 32        The Middle East & Africa Savory Ingredients Market Size, By Production Technique, By Value, 2018-2028

Table 33        The Middle East & Africa Savory Ingredients Market Size, By Type, By Value, 2018-2028

Table 34        The Middle East & Africa Savory Ingredients Market Size, By Application, By Value, 2018-2028

Table 35        The Middle East & Africa Savory Ingredients Market Size, By Form, By Value, 2018-2028

Table 36        The Middle East & Africa Savory Ingredients Market Size, By Country, By Value, 2018-2028

Table 37        Koninklijke DSM N.V. Company Overview

Table 38        Koninklijke DSM N.V. Financial Overview

Table 39        Ajinomoto Co. Inc. Company Overview

Table 40        Ajinomoto Co. Inc. Financial Overview

Table 41        Tate & Lyle plc Company Overview

Table 42        Tate & Lyle plc Financial Overview

Table 43        Givaudan S.A. Company Overview

Table 44        Givaudan S.A. Financial Overview

Table 45        Sensient Technologies Corporation Company Overview

Table 46        Sensient Technologies Corporation Financial Overview

Table 47        Vedan International (Holdings) Limited Company Overview

Table 48        Vedan International (Holdings) Limited Financial Overview

Table 49        Kerry Group PLC Company Overview

Table 50        Kerry Group PLC Financial Overview

Table 51        Cargill Company Overview

Table 52        Cargill Financial Overview

Table 53        Lesaffre Group Company Overview

Table 54        Lesaffre Group Financial Overview

Table 55        ABF Ingredients (OHLY) Company Overview

Table 56        ABF Ingredients (OHLY) Financial Overview

Table 57        Vinayak Ingredients India Pvt Ltd.  Company Overview

Table 58        Vinayak Ingredients India Pvt Ltd.  Financial Overview

 

 

Market Segmentation

By Source

  • Natural
  • Synthetic

By Production Technique

  • Heat Treatment
  • Acid Treatment
  • Maillard Reaction

By Type

  • Yeast Extract
  • Starch
  • Protein
  • Monosodium Glutamate
  • Nucleotides
  • Others

By Application

  • Food
  • Feedstuff

By Form

  • Liquid
  • Powder
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East and Africa
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Frequently Asked Questions (FAQs):

Ans: The global savory ingredients market reached USD 7.6 Billion in 2021.  
Ans: The growth of the global savory ingredients market can be attributed to the surging demand for taste enhancers, emulsifiers, thickening agents, etc. to be used in packaged food materials owing to the growing demand and availability of a diversity of food choices for the consumers.
Ans: The key players dominating the global savory ingredients market are Koninklijke DSM N.V., Ajinomoto Co. Inc., Kerry Group plc, Tate & Lyle plc, Givaudan S.A., Symrise AG, Sensient Technologies Corporation, Angel Yeast Co. Ltd, Vedan International (Holdings) Limited, Kerry Group PLC, Cargill, Lesaffre Group, ABF Ingredients (OHLY), Vinayak Ingredients India Pvt Ltd. and other prominent players.
Ans: The monosodium glutamate segment accounted for the largest share in the global savory ingredients market.
Ans: Asia-Pacific region is growing at the highest rate in the global savory ingredients market.