Savory Ingredient Market Outlook from 2024 to 2034

The market size of savory ingredients is predicted to reach USD 9,900 million in 2024 and further expand at a CAGR of 4.4% during the forecast period. Global sales of savory ingredients are projected to total USD 17,039.9 million by 2034.

The target industry is experiencing significant growth driven by several key factors. Increasing consumer demand for natural and clean-label products is a prominent growth factor influencing the savory ingredient market.

Consumers are becoming more health-conscious and prefer products free from artificial additives, preservatives, and flavors. This shift towards natural ingredients has led manufacturers to innovate and incorporate more natural ingredients, such as herbs, spices, and plant extracts, into their products.

Attributes Description
Estimated Global Savory Ingredient Market Size (2024E) USD 9,900 million
Projected Global Savory Ingredient Market Value (2034F) USD 17,039.9 million
Value-based CAGR (2024 to 2034) 4.4%

The rising popularity of global cuisines is fueling the demand for diverse and exotic savory ingredients. As consumers become more adventurous in their food choices, there is a growing interest in authentic flavors from various cultures. This trend has led to an increased demand for ethnic spices, seasoning blends, and unique savory ingredients that cater to a wide range of culinary preferences.

Growth of the convenience food sector is significantly impacting the savory ingredient market. With busy lifestyles, consumers are increasingly seeking ready-to-eat and easy-to-prepare meal options that do not compromise on taste. This has driven the need for high-quality savory ingredients that can enhance the flavor of convenience foods, such as snacks, ready meals, and sauces.

Integration of savory ingredients in plant-based and vegan food products is contributing to the market growth. As more consumers adopt plant-based lifestyles, there is a heightened demand for savory ingredients that can provide the umami flavor traditionally associated with meat. Ingredients such as yeast extracts, soy sauce, and mushroom concentrates are becoming popular in plant-based product formulations to deliver rich, savory flavors.

Lastly, technological advancements in food processing and flavor extraction are enabling the development of innovative savory ingredients. Advanced technologies allow for the creation of concentrated flavor profiles and novel ingredient blends, meeting the evolving taste preferences of consumers. These innovations are driving the expansion and diversification of the savory ingredient industry, making it a dynamic and competitive landscape.

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Key Industry Highlights

Emergence of Functional Savory Ingredients

A key trend in the savory ingredient market is the rise of functional ingredients that offer health benefits beyond basic nutrition. Consumers are increasingly seeking foods that contribute to overall wellness, prompting manufacturers to incorporate ingredients with specific health-promoting properties.

Ingredients like turmeric, garlic, and ginger are not only valued for their flavor but also for their anti-inflammatory and antioxidant benefits. This trend aligns with the broader movement towards functional foods, where the savory ingredient market is witnessing a surge in demand for components that enhance both taste and health.

Innovation in Fermented Savory Ingredients

Fermentation is gaining traction as a method to develop unique and robust flavors in savory ingredients. Fermented products such as miso, soy sauce, and kimchi bring depth and complexity to dishes, appealing to consumers' growing interest in bold and distinctive tastes.

The fermentation process also offers probiotic benefits, adding an extra layer of appeal to health-conscious consumers. The innovation in fermentation techniques is expanding the variety of fermented savory ingredients available on the market, catering to a diverse range of culinary applications and preferences.

Sustainability and Ethical Sourcing

Sustainability and ethical sourcing are becoming increasingly important in the savory ingredient market. Consumers are more aware of the environmental and social impacts of their food choices, leading to a demand for ingredients that are sustainably and ethically sourced. This trend is driving companies to adopt practices that support environmental conservation, fair trade, and local farming communities.

Ingredients such as sustainably harvested seaweed, ethically farmed herbs, and fair trade spices are gaining popularity. Brands that emphasize their commitment to sustainable and ethical practices are finding favor with consumers who prioritize responsible consumption, shaping the future landscape of the savory ingredient market.

Country-wise Insights

Global Palates and Health Trends Fueling India's Market

The savory ingredient market in India is growing due to several key factors. The increasing urbanization and rising disposable incomes have led to greater demand for convenient and ready-to-eat food products, driving the need for diverse and flavorful savory ingredients.

Growing popularity of global cuisines and the influence of international culinary trends are encouraging Indian consumers to explore new flavors and seasoning options. Moreover, a growing health consciousness among consumers is boosting the demand for natural and functional ingredients that enhance taste while offering health benefits. These factors collectively contribute to the robust growth of the savory ingredient market in India.

Culinary Exploration and Clean Label Trends Spur Growth in the United States

The United States industry is growing steadily due to an increasing demand for innovative and diverse flavor profiles driven by the popularity of global cuisines. Consumers are seeking unique and bold tastes, which has spurred the development of new and exotic savory ingredients.

The rise of plant-based diets is fueling demand for savory ingredients that provide rich, umami flavors. Furthermore, a focus on clean labels and transparency in food sourcing is encouraging the use of natural and minimally processed ingredients. These trends collectively contribute to the expanding savory ingredient market in the United States.

Culinary Innovation and Sustainability Driving Growth in the United Kingdom

Demand for savory ingredients in the United Kingdom is set to increase steadily during the forecast period due to evolving consumer preferences and culinary trends. With an increasing interest in home cooking and gourmet dining experiences, there is a heightened demand for high-quality and flavorful ingredients to elevate dishes.

The rise of food tourism and exposure to global cuisines have expanded consumers' palates, driving the demand for a diverse range of savory ingredients. Furthermore, the growing focus on sustainability and ethical sourcing in the food industry is prompting consumers to seek out savory ingredients that are responsibly sourced and environmentally friendly, further fueling market growth.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Category-wise Insights

Yeast Extract Remains Highly Soufgt-after Product

The yeast extract segment dominates the global market due to its versatile flavor-enhancing properties, rich umami taste, and widespread application in various food products. Additionally, yeast extract serves as a natural source of glutamic acid, contributing to its popularity among manufacturers seeking clean label ingredients.

Usage Remains High in Food Segment

Food segment dominates the industry due to its extensive use in processed food manufacturing, catering, and restaurant sectors. These sectors require a wide array of savory ingredients for flavor enhancement, resulting in significant demand for products such as seasoning blends, sauces, and flavor enhancers.

Competition Outlook

The competitive landscape of the savory ingredient market is fierce, driven by the need for innovation, quality, and sustainability. Key players vie for high savory ingredient market share through product differentiation, pricing strategies, and expansion into new geographic regions. Additionally, rising consumer demand for clean label and natural ingredients intensifies competition among manufacturers.

Industry Updates

  • At IFE Manufacturing 2024, Lallemand Bio-Ingredients exhibited its range of yeast-based ingredients.
  • In April 2024, KIND Snacks launched a series of snack and granola bars with a particular focus on savory and fruit ingredients.

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Leading Savory Ingredient Brands

  • 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

Key Segments of Industry Report

By Product Type:

Based on product type, the industry is divided into monosodium glutamate, hydrolyzed vegetable protein, hydrolyzed animal protein, yeast extract, starch, and nucleotides.

By End Use:

Prominent end use segments listed in the report include food, processed meals, snacks, feed and others.

By Regions:

Savory ingredient market analysis has been conducted across key countries of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Frequently Asked Questions

How big is the savory ingredient market?

Global revenue is forecast to total USD 9,900 million in 2024.

What is the projected growth rate for the industry?

The target sector is set to witness a CAGR of 4.4% through 2034.

What is the expected industry size for 2034?

The global industry size is projected to reach USD 17,039.9 million by 2034.

Which is the hot-selling product type?

Yeast extract.

Which country will offer lucrative growth opportunities?

India.

What are some savory ingredients?

Monosodium glutamate, hydrolyzed animal protein, and yeast extract.

Which country will offer market opportunities for innovative savory flavor enhancers?

India.

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