Savory Ingredients Market Size, Share & Trends Analysis By Product, By Source (Natural, Synthetic), By Form (Powder, Liquid, Paste), By Application (Food, Pet Food, Others), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Savory Ingredients Market Size, Share & Trends Analysis By Product, By Source (Natural, Synthetic), By Form (Powder, Liquid, Paste), By Application (Food, Pet Food, Others), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Savory Ingredients Market Growth & Trends

The global savory ingredients market size is anticipated to reach USD 15.62 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.7% from 2024 to 2030. Savory ingredients are widely used as seasoning and flavoring agents in the food industry.

Growing disposable income has increased the consumption of time-saving food product, which is projected to boost the market growth over the coming years. The growing usage of savory ingredients in the food service industry is also expected to propel market growth.

Savory ingredients are used in the animal feed & pet food industry to enhance food flavors. The growing demand for packaged pet food in Asia Pacific is anticipated to drive market demand over the coming years.

Companies such as DSM, Kerry Group, Givaudan, Diana, and Lesaffre have adopted acquisition strategies to enhance their product offerings and regional presence. This approach has helped companies acquire distribution centers and diversify their offerings across many end-use application markets.

Savory Ingredients Market Report Highlights

• The MSG segment accounted for the largest market revenue share of 61.1% in 2023. MSG is extensively used in the food industry due to its ability to enhance flavor, making it a prevalent additive in processed and packaged foods.
• The natural segment accounted for the largest market revenue share in 2023. Natural ingredients are perceived as healthier alternatives to artificial additives, contributing to a balanced diet without the associated risks of synthetic chemicals.
• The powder segment accounted for the largest market revenue share in 2023. Powdered savory ingredients have a longer shelf life. The drying process removes moisture, which stops the growth of bacteria and mold.
• The food segment accounted for the largest market revenue share in 2023. The growing need for quick meal solutions has increased demand for ready-to-eat food, snacks, and packaged foods.
• Asia Pacific savory ingredients market accounted for the largest revenue share of 70.7% in 2023. Consumers are pursuing foods that offer additional health benefits beyond basic nutrition, such as improved digestion, better immune function, or enhanced energy levels.

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