Savory Ingredients Market Global Industry Analysis, Explosive Growth And Forecast Till 2023

16/apr/2019 07:45:48 Tejas Amale Contatta l'autore

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Market Scenario:

Savory Ingredients are used in food and beverages and pet industry for several purposes, such as enhance flavors, aroma, and taste of the products. It provides appealing texture and maintain product quality. These ingredients give a natural flavor and are mostly used in the production of instant food, meat products, nutritional food, and seasonings. Moreover, These ingredient is cost-effective, two Which to many food processing industries is using them as a stabilizer, emulsifier, thickening agent and others in food products Which is Also expected to fuel Savory Ingredients Market growth.

Increasing health consciousness among the consumers and increase in demand of ready to eat and cook food products is fueling the growth of the global food savory ingredients market.

There is a growing demand for healthy and nutritious food products, including products with “all-natural” and “clean label” claims. Advancements in technology and improved distribution networks in developing countries have led to substantial growth opportunities for the savory ingredients. Furthermore, increased focus on R&D is fetching innovations in a diverse set of applications in several product categories.

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Segments:

The global savory ingredients market is segmented into type, source, function, and application.

On the basis of type, savory ingredients marketed in yeast extract, starch, protein, monosodium glutamate, nucleotides and others. Among all, the monosodium glutamate segment will witness exponential growth rate during the forecast period, as it acts as a thickening and stabilizing agent in food products.

On the basis of source, savory ingredients market is segmented into natural and synthetic. Among all natural source segment holds the major market share, two to health consciousness among consumers.

On the basis of application, it is segmented into food and feed. Among all, the food segment dominates the market followed by feed industries

Regional Analysis:

North America will witness maximum growth in the Savory Ingredients market followed by Europe. In terms of value, the market size of North America will continue to be high with market share. The increasing per capita disposable income in India and China will drive the demand for savory ingredients.

Furthermore, changing lifestyle and shifting food consumption patterns in countries like China and India will propel the growth of savory ingredients in the Asia Pacific. High volume consumption of food and noodles in Asia Pacific is expected to grow the fastest in near future.

Key Players:

Some of the key players profiled in the global Savory Ingredients market: Koninklijke DSM NV (Netherlands), Ajinomoto Co. Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (UK), Givaudan SA (Switzerland), Symrise AG (Germany), Sensient Technologies Corporation (US), Vedan International (Holdings) Limited (Hong Kong), AngelYeast Co. Ltd. (China) and others.

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Intended Audience:

  • Savory Ingredients Manufacturers / Dealers
  • Processed Food Manufacturers
  • Research Institutes and Organizations
  • Savory ingredients importers and exporters
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