Global Savory Ingredients Market - 2024-2031

Global Savory Ingredients Market - 2024-2031

The Global Savory Ingredients Market reached US$ 5.83 billion in 2023 and is expected to reach US$ 8.12 billion by 2031, growing at a CAGR of 4.23% during the forecast period 2024-2031.

Consumers’ increasing awareness about ingredients is spurring a trend toward clean-label and natural savory ingredients, driving the global market. Ingredients free from artificial additives, preservatives and synthetic flavors are in high demand, as consumers lean toward transparency and minimal processing. This trend pushes companies to innovate with fermentation, natural extracts and yeast-derived flavors, enabling them to meet consumer expectations for cleaner, more natural savory profiles.

Innovations in extraction, encapsulation and fermentation technology are transforming the savory ingredients market by enabling manufacturers to improve ingredient stability, potency and flavor retention. These advancements allow for more precise and efficient production of savory ingredients, reducing the need for additives and preservatives. Enhanced processing techniques also enable brands to create savory ingredients with intense flavors and extended shelf lives, addressing the demands of both manufacturers and consumers.

For instance, on October 21, 2023, Ingredion, a prominent global provider of specialty ingredient solutions for the food and beverage manufacturing sector and a pioneer in clean-label ingredients, introduced NOVATION Indulge 2940. This innovative product is the first non-GMO functional native corn starch that offers a distinctive gelled texture, specifically designed for popular dairy and alternative dairy products while adhering to clean label standards.

Dynamics

Growth in Sustainable and Upcycled Ingredients

The growth in sustainable and upcycled ingredients is driving the global savory ingredients market by meeting consumer demand for eco-conscious products and promoting waste reduction across the food industry. This shift is largely influenced by consumers who are increasingly concerned about the environmental impact of their purchases and are gravitating toward brands that prioritize sustainability.

The market for upcycled savory ingredients is also boosted by advancements in food processing technology, enabling companies to maintain ingredient quality and taste even when using waste-derived sources. This innovation optimizes resources and also meets industry standards for flavor and functionality, ensuring upcycled ingredients can perform as effectively as conventional ones in various food applications.

For instance, on October 12, 2022, Upcycled Foods, Inc., a top innovation platform for food manufacturers and food service operators aiming to expand the upcycled category, launched five new commercial ingredient solutions tailored for food and beverage applications. These ingredients are crafted to enhance flavor, improve texture and naturally fortify nutrition, offering practical solutions to drive forward innovation in upcycled foods.

Rising Demand for Ready-to-Eat and Convenience Foods

Consumers are seeking flavorful, easy-to-prepare options that deliver a restaurant-quality experience at home and savory ingredients, including seasonings, flavor enhancers and sauces, play a crucial role in elevating the taste and satisfaction of these meals. As a result, the market sees a continuous demand for savory additives that can improve taste profiles, enhance texture and add depth to convenience foods, helping manufacturers meet diverse consumer preferences for variety and rich flavors.

In response to the growing demand for convenience, food manufacturers are expanding their product portfolios to include a wide range of RTE and prepared food options from frozen meals to canned soups, instant noodles and packaged snacks. This expansion directly impacts the savory ingredients market, as it drives demand for high-quality ingredients that can preserve flavor integrity through processing, storage and reheating.

For instance, on June 12, 2024, Lesaffre, a global leader in fermentation and microorganisms, announced a strategic acquisition with dsm-Firmenich, an innovation leader in nutrition, health and beauty, centered on its yeast extract business. This collaboration establishes a multi-faceted partnership in yeast derivatives for savory ingredients, with Lesaffre acquiring DSM-firmenich's yeast extract go-to-market organization and expertise. Through this agreement, Lesaffre will integrate the production of DSM-firmenich’s yeast extract products within its extensive global manufacturing network.

Potential for Allergen Risks in Plant-Based Ingredients

The global savory ingredients market faces challenges due to the potential for allergen risks associated with some plant-based ingredients, which can restrain growth by limiting the range and versatility of ingredient options available for use in savory products. As plant-based diets and products continue to gain popularity, savory ingredients such as soy protein, wheat derivatives and certain legumes are common bases for creating rich, savory flavors that bring inherent allergen risks.

Furthermore, some commonly used plant-based savory ingredients, such as soy, are among the top allergens, requiring clear labeling and potentially deterring certain consumer groups. For the savory ingredients market, these regulatory and consumer concerns place restrictions on product development and distribution, as manufacturers must carefully navigate allergen safety protocols to maintain product appeal and compliance.

Segment Analysis

The global savory ingredients market is segmented based on type, nature, form, application and region.

Popularity & Diverse Flavor Profiles of Snack Foods Drives Segment Growth

The snacks segment holds the largest share of the global savory ingredients market. The increasing consumer preference for convenient and on-the-go snack options is driving the demand for savory ingredients. Savory snacks often feature a wide variety of flavor profiles, from spicy to umami, which appeals to a broad consumer base. This diversity enhances the attractiveness of savory ingredients, making them a critical component in the snacks segment of the global market.

With a rising awareness of health and wellness, consumers are increasingly opting for healthier snack alternatives that incorporate savory ingredients such as whole grains, seeds and natural flavorings. This shift toward healthier options is fueling the growth of the snacks segment in the savory ingredients market. The introduction of unique flavors and formulations drives the demand for savory ingredients, solidifying the segment's position in the market.

For instance, on May 14, 2021, Synergy Flavors Inc., a subsidiary of Ireland’s Carbery Group, announced the acquisition of Innova Flavors, a top supplier of savory flavors and ingredients, from Griffith Foods Worldwide. This strategic acquisition strengthens Synergy Flavors' savory expertise, supporting innovative product development in areas like meat alternatives, sauces, side dishes and snacks.

Geographical Penetration

Strong Culinary Heritage Rooted in Savory Profiles in Asia-Pacific

Asia-Pacific dominates the global savory ingredients market. With a strong culinary heritage rooted in savory profiles and umami-rich foods, markets in countries such as China, Japan and South Korea are inherently inclined toward flavor-enhancing ingredients, from soy sauces and miso pastes to seasoning blends and fermented bases. This cultural preference for savory flavors is further amplified by increasing disposable incomes and a growing middle class in Asia-Pacific. As a result, the market is expanding rapidly to accommodate local and international companies looking to cater to these dynamic flavor preferences.

In addition, the market in Asia-Pacific benefits from a well-developed supply chain for natural, locally sourced ingredients that serve as the foundation for savory formulations. The region is a major producer of soy, seaweed and other plant-based ingredients that are essential to savory food profiles, allowing for efficient, cost-effective sourcing of raw materials. This strong local production base enables companies within the Asia-Pacific savory ingredients market to innovate and produce ingredients that cater specifically to regional tastes while maintaining competitive pricing.

For instance, on October 21, 2023, Ingredion, a prominent global provider of specialty ingredient solutions for the food and beverage manufacturing sector and a pioneer in clean-label ingredients, introduced NOVATION Indulge 2940. This innovative product is the first non-GMO functional native corn starch that offers a distinctive gelled texture, specifically designed for popular dairy and alternative dairy products while adhering to clean label standards.

Competitive Landscape

The major global players in the market include Ajinomoto Co., Inc., Koninklijke DSM N.V., Kerry Group PLC, Tate & Lyle PLC, Symrise AG, Givaudan SA, Sensient Technologies Corporation, Synergy Flavors, Ingredion Incorporated and ADM.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war has substantial repercussions on the global savory ingredients market, disrupting supply chains, inflating production costs and impacting ingredient availability. Both Russia and Ukraine are key suppliers of agricultural commodities like sunflower oil, wheat and other grains, which serve as foundational components in many savory ingredient formulations, such as flavor enhancers, texturizers and emulsifiers. With the ongoing conflict, supply routes have been obstructed, causing volatility in the availability and pricing of these essential ingredients.

Further compounding the impact, the market for savory ingredients faces delays and logistical challenges, with shipments of ingredients often held up or rerouted due to regional instability. This disruption affects not only the direct supply of savory components like sunflower oil but also the production of other complementary ingredients, such as flavor bases and natural seasonings. As a result, the savory ingredients market is strained by the need to source from different regions, adapt to shortages and address quality concerns tied to alternative ingredients.

By Type
• Monosodium Glutamate
• Yeast Extracts
• Proteins
• Hydrolyzed Vegetable Protein (HVP)
• Hydrolyzed Animal Protein (HAP)
• Others

By Nature
• Natural
• Synthetic

By Form
• Powder
• Liquid
• Others

By Application
• Snacks
• Ready-to-Eat Meals
• Soups and Broths
• Animal Feed
• Others

By Region
• North America
US
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On June 12, 2024, Lesaffre, a global leader in fermentation and microorganisms, announced a strategic acquisition with dsm-Firmenich, an innovation leader in nutrition, health and beauty, centered on its yeast extract business. This collaboration establishes a multi-faceted partnership in yeast derivatives for savory ingredients, with Lesaffre acquiring DSM-firmenich's yeast extract go-to-market organization and expertise.
• On January 10, 2024, South Korea's Daesang Corp. announced the launch of two new products for the global market: ""Do-it-yourself Kimchi Paste"" and ""Kimchi Spread."" These innovations reimagine traditional kimchi in formats suited to Western culinary styles, catering to consumers in the United States and Europe.
• On October 21, 2023, Ingredion, a prominent global provider of specialty ingredient solutions for the food and beverage manufacturing sector and a pioneer in clean-label ingredients, introduced NOVATION Indulge 2940. This innovative product is the first non-GMO functional native corn starch that offers a distinctive gelled texture, specifically designed for popular dairy and alternative dairy products while adhering to clean label standards.

Why Purchase the Report?
• To visualize the global savory ingredients market segmentation based on type, nature, form, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of the global savory ingredients market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global savory ingredients market report would provide approximately 70 tables, 66 figures and 206 pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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