The savory ingredients industry encompasses a wide range of products used to enhance the flavor of savory dishes. This market includes various ingredients such as herbs, spices, seasonings, sauces, marinades, stocks, broths, and flavor enhancers.
Key factors driving the savory
ingredients market growth include:
1.
Changing Consumer Preferences: Consumers are increasingly seeking diverse and authentic flavors from
around the world, leading to a demand for a variety of savory ingredients.
2.
Health and Wellness Trends: As consumers become more health-conscious, there’s a growing demand
for savory ingredients that are perceived as natural, organic, and free from
artificial additives.
3.
Globalization of Culinary
Influences: Increased globalization has
led to the popularity of ethnic cuisines, driving demand for savory ingredients
such as spices, herbs, and sauces from different regions.
4.
Convenience and Ready-to-Eat
Foods: The rising demand for convenience foods and
ready-to-eat meals has boosted the demand for savory ingredients that can
enhance the flavor of such products.
5.
Foodservice Industry Growth: The expansion of the foodservice industry, including restaurants,
cafes, and fast-food chains, drives the demand for savory ingredients used in
food preparation.
6.
Innovations in Product
Development: Manufacturers are constantly
innovating to introduce new savory ingredients with unique flavors, textures,
and health benefits to cater to changing consumer preferences.
7.
E-commerce Growth: The increasing popularity of online shopping has made savory
ingredients more accessible to consumers, driving market growth.
8.
Health and Wellness Trends: As consumers become more health-conscious, there’s a growing demand
for savory ingredients that are perceived as natural, organic, and free from
artificial additives.
The global savory ingredients market size is on a
trajectory of significant expansion, with an estimated value projected to reach
USD 12.1 billion by 2029 from the 2024 valuation of USD 9.4 billion, displaying
a promising Compound Annual Growth Rate (CAGR) of 5.2%.
How are manufacturers responding to the trend
towards natural and healthful flavor ingredients in their product development
strategies?
The savory ingredients industry is poised for
significant growth driven by the increasing preference for natural and
healthful flavor components. Consumers are increasingly seeking food products
made with clean-label ingredients, free from artificial additives,
preservatives, and flavorings, as they prioritize their health and well-being.
Natural savory items such as herbs, spices, fruits,
and vegetables are at the forefront of this trend, offering nutritional
benefits, clean label appeal, and complexity to food products. Basil, thyme,
and rosemary, among others, are not only valued for their aromatic qualities
but also for their health-promoting properties like antioxidant activities.
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Furthermore, there’s a rising demand for savory
alternatives to traditional salt-based flavorings due to growing awareness of
the health risks associated with excessive sodium consumption. Umami-rich
ingredients like seaweed-based spices, soy sauce, and yeast extracts are
gaining popularity for their ability to enhance taste perception while reducing
overall sodium levels in food products, catering to the needs of
health-conscious consumers.
APAC region is projected to account for the
largest savory
ingredients market share
The rapid population growth, increasing
urbanization rates, and growing disposable incomes in the region are fostering
a burgeoning consumer base with evolving tastes and preferences. As urban
lifestyles become more prevalent, there’s a rising demand for convenient and
flavorful food options like savory snacks, ready-to-eat meals, and packaged
goods infused with savory ingredients to elevate taste experiences.
Asia Pacific’s rich cultural diversity and culinary
heritage contribute to the high demand for savory ingredients. From the subtle
flavors of East Asian cuisines to the bold and spicy profiles of Southeast
Asian dishes, the region boasts a plethora of culinary traditions, flavors, and
ingredients. This diversity sparks consumer curiosity and drives an increasing
demand for a wide array of savory ingredients such as sauces, seasonings, and
spices, essential for creating authentic and flavorful dishes.
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Moreover, the market for savory ingredients is
evolving in Asia Pacific due to the growing popularity of international
cuisines and the adoption of Western dietary habits. As global culinary trends
influence consumer preferences, there’s a growing interest in Western-style
entrees, snacks, and convenience foods, driving demand for savory ingredients
used in these culinary creations. This presents lucrative opportunities for
suppliers and manufacturers to introduce products tailored to regional tastes
and preferences.
Top
Savory Ingredients Companies
·
Kerry Group plc. (Ireland)
·
Ajinomoto Co., Inc. (Japan)
·
Givaudan (Switzerland)
·
Ingredion Incorporated. (Us)
·
Sensient Technologies
Corporation (US)
·
Symrise (Germany)
·
Associated British Foods plc
(UK)
·
ADM (US)
·
DSM (Netherlands)
By Ingredient Types Savory Ingredients Market is
Classified as –
·
Yeast Extracts
·
Hydrolyzed Vegetable Proteins
(HVPs)
·
Hydrolyzed Animal Proteins
(HAPs)
·
Monosodium Glutamate
·
Nucleotides
Savory
Ingredients Industry News
·
In January 2024, Ohly revealed
ambitious modernization and expansion strategies for its production facilities,
showcasing a strong dedication to sustainability and expansion. This strategic
initiative not only boosts Ohly’s competitive edge but also establishes the
company as a frontrunner in sustainable innovation within the savory
ingredients sector.
·
In August 2023, Kerry Group plc
completed the acquisition of Orchard Food for a sum exceeding $100 million,
with the possibility of additional payments totaling up to $100 million over
the next three years, subject to meeting predefined performance benchmarks.
This purchase is in line with Kerry’s continued strategy to strengthen its
foothold in China and enhance its standing in the worldwide savory taste
markets.
·
In July 2021, Sensient
Technologies Corporation announced the acquisition of Flavor Solutions,
Inc., poised to substantially influence Sensient’s standing in the savory
ingredients market. Through the integration of Flavor Solutions’ assets into
its portfolio, Sensient is now positioned to provide an expanded array of
flavors and flavor technologies to the food, beverage, and nutraceutical
industries.
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