Savory Ingredients Market to Showcase Continued Growth in the Coming Years

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.