Savory Ingredients Market

Savory Ingredients Market Outlook (2022 to 2032)

The Savory Ingredients market is valued at USD 9.9 Billion in 2022 and is projected to grow at a CAGR of 4.6% during the forecast period, to reach a value of USD 15.5 Billion by 2032. Newly released data from Future Market Insights market analysis shows that global Savory Ingredients demand is projected to grow year-on-year (Y-o-Y) growth of 3.3% in 2022.

Attributes	Details
Market Size Value in 2022	USD 9.9 Billion
Market Forecast Value in 2032	USD 15.5 Billion
Global Growth Rate (2022 to 2032)	4.6% CAGR
Forecast Period	2022 to 2032
Collective Value Share: Top 3 Countries (2021A)	37.8%

When cooking, savory ingredients are used to improve the flavor and scent of the cuisine. Due to their usage as an all-purpose intestinal tonic and their antibacterial characteristics, these compounds have a wide range of uses in the food and beverage sector.

Consumers' increased demand for time-saving food products is being driven by rising disposable income, which is anticipated to drive market expansion throughout the forecast period. Another factor driving the market's expansion is the increased use of savory ingredients in the food service industry.

2017 to 2021 Savory Ingredients Market Outlook Compared to 2022 to 2032 Forecast

The market grew with a CAGR of 4.2% between 2017 and 2021, as the savory ingredient is one of the cutting-edge food components created to improve flavor and quench consumers' thirst for savory cuisine. The savory ingredients market continues to be essential in the production of foods including snacks, meat, and poultry in the industrial age where flavor trends and healthy food products drive the food processing sector.

The savory ingredients market is anticipated to increase significantly during the forecast period as a result of customers' growing preference for plant-based goods and rising consumer desire for multisensory sensations.

Moreover, a significant element anticipated to propel the global savory market forward over the next few years is the spike in demand for snacks made with savory components combined with the rising disposable income of consumers in emerging countries.

Savory Ingredients Market Growth Driven by Consumers’ Increasing Disposable Income

The rise in demand for convenience food products has been fueled by customers' increasing disposable income in developed and emerging countries. Customers choose time-saving food products that will help them regain lost energy because they find it difficult to make a meal after vigorous exercise.

Since savory ingredients are used in the manufacture of convenience meals or ready-to-eat meals, the rising demand for these foods is anticipated to spur market expansion for savory ingredients during the forecast period. The industry is also driven by the expanding customer population in developing countries like China, India, and others.

Consumer Demand for Chemical Food Additives is Growing

The preference of customers for using chemical-based food additives and preservatives has changed recently. It is anticipated that this will encourage the rise in demand for particular flavorful ingredients like monosodium glutamate (MSG).

Several publications have labeled MSG as a hazardous food additive that harms human health, despite the FDA classifying it as a safe food ingredient. Consumer opinion of this component is still favorable, nevertheless. Additionally, it is anticipated that an increase in health-conscious consumers would stimulate market expansion.

Country-wise Insights

How is the USA Savory Ingredients Market Shaping?

According to FMI, the USA would account for 87.4% of the market share by 2032 in North America. Savory ingredient manufacturers in the USA are turning to plant-based sources such as plant extracts or vegetable powders in pursuit of organic and vegetarian products, resulting in increased sales of savory ingredients in the country.

What Factors Are Leading to the Growth of India’s Savory Ingredients Market?

According to FMI, the Indian savory ingredients market would account for 28.6% of income through 2032. Consumers' busy lifestyles have led to the substitution of manufactured foods, which are readily available at neighboring stores, for cooked meals. In the country, ready-to-cook meals, packaged sauces, and instant dinners are becoming increasingly popular, therefore, boosting the savory ingredients market.

Category-wise Insights

What Is Causing the Market for Snacks to Use Savory Ingredients More Frequently?

Given the rising demand for and production of snacks, it is anticipated that the usage of savory ingredients in the development of snack items will continue to fuel market growth. Manufacturers in this field are providing innovative and imaginative products to draw in more customers.

Competitive Landscape

Manufacturers of savory ingredients are focussing on increasing their production capacity as applications for savory ingredients can be found in many food categories, including pet food, dehydrated noodles, soups & sauces, and ready-to-eat meals.

They can also be used as salt substitutes and spices. Yeast extracts are increasingly employed to offer both umami and kokumi tastes that add levels of flavor complexity to dishes to deliver background richness and roundness. It is anticipated that the increased use of sauces, soups, and other spices will raise the demand for savory components like MSG and nucleotides.

Scope of Report

Attribute	Details
Market Size Value in 2022	USD 9.9 Billion
Market Forecast Value in 2032	USD 15.5 Billion
Global Growth Rate	4.6% CAGR
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	MT for Volume and USD Billion for Value
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa(MEA)
Key Countries Covered	USA, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others
Key Market Segments Covered	Product Type, End Use
Key Companies Profiled	Tate & Lyle PLC Diana Group Royal DSM Kerry Group Plc Synergy Flavors Lesaffre Group. Koninklijke Dsm N.V. Ajinomoto Co., Inc. Givaudan Symrise Lesaffre Group Sensient Technologies Corporation Angelyeast Co., Ltd. Vedan International (Holdings) Limited Others
Pricing	Available upon Request

Savory Ingredients Market by Category

By Product Type:

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

By End-Use:

• Food
• Processed Meals
• Snacks
• Feed
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Frequently Asked Questions

How much worth is the Savory Ingredients industry?

The Savory Ingredients market is estimated to reach sales of nearly USD 9.9 Billion by 2022.

At what CAGR is the market expected to expand through 2032?

Savory Ingredients market revenue is expected to increase at a CAGR of around 4.6% during the period 2022 to 2032.

How was the performance of Savory Ingredients over the past half-decade?

Savory Ingredients sales increased a CAGR of around 4.0% over the past half-decade.

What will be the market for Fruit & Vegetable ingredients worth in 2032?

The global Savory Ingredients market value is estimated to be around USD 15.5 Billion in 2032.

Which are the top countries driving the Savory Ingredients market demand?

The top countries driving the Savory Ingredients demand are the USA, Germany, China, and the United Kingdom.