Savory Ingredients Market by Ingredient Type (Monosodium Glutamate, Yeast Extracts, HVPS, HAPs, Nucleotides), Form (Powder, Liquid), Origin (Natural, & Synthetic), Application (Food, Feed) and Region - Global Forecast to 2029

Savory Ingredients Market by Ingredient Type (Monosodium Glutamate, Yeast Extracts, HVPS, HAPs, Nucleotides), Form (Powder, Liquid), Origin (Natural, & Synthetic), Application (Food, Feed) and Region - Global Forecast to 2029

The global savory ingredients market is estimated to be valued at USD 9.4 billion in 2024 and is projected to reach USD 12.1 billion by 2029, at a CAGR of 5.2%. The global demand for savory ingredients has surged significantly driven by changing dietary habits and lifestyles, particularly in urban areas. The changing preferences of consumers are shifting in favor of savory and fulfilling meals. There is an increasing need for savory ingredients that improve the flavor, aroma, and overall sensory appeal of food goods as consumers get more daring with their culinary selections. The industry is growing as a result of this move towards flavor-rich goods, which are seen in several categories, including snacks, sauces, soups, and ready-to-eat meals.

Consumers' increasing consciousness of the value of health and well-being is impacting their purchase decisions and increasing the market for natural savory ingredients and clean labels. Customers are looking for items free of artificial additives, preservatives, and flavorings as they place a higher value on transparency and clean eating. In response, suppliers are expanding their offerings to include a diverse array of herbs and spices that not only contribute to flavor but also offer potential health benefits. For instance, turmeric, known for its anti-inflammatory properties, is being incorporated into savory ingredient blends for its vibrant color and earthy flavor profile. Similarly, herbs like rosemary, thyme, and basil are prized not only for their aromatic qualities but also for their potential health-promoting properties, such as antioxidant effects.

Furthermore, since consumers place a higher value on simplicity and transparency in food items, clean label solutions are becoming more and more popular in the market for savory ingredients. In response, providers of savory ingredients are creating recipes that use natural flavorings, preservatives, and additives instead of synthetic ones. For instance, manufacturers use methods like fermentation to seek out savory flavors from organic sources like yeast or soybeans rather than adding artificial flavor enhancers. Healthy consumers looking for minimally processed and additive-free options are attracted to these clean-label solutions, which propels market expansion.

“During the forecast period, the yeast extracts segment emerges as the fastest-growing segment in the savory ingredients market.”

Yeast extracts are becoming more and more in demand for a wide range of food applications, as seen by this explosive expansion in the market. The food sector is adopting yeast extracts more and more as a result of rising knowledge of the possible health benefits linked to them. Nucleotides, amino acids, and vitamins are examples of naturally occurring substances found in yeast extracts that not only improve flavor but also have nutritional benefits. For instance, it is well known that yeast extracts have significant concentrations of B vitamins, which are essential for both general health and energy metabolism. Customers who are concerned about their health and are looking for useful ingredients that add taste and nutrition to their food selections find resonance in this nutritional profile.

In February 2019, Ohly GmbH of Hamburg unveiled a groundbreaking achievement in collaboration with the Wittmann group from the Institute of Systems Biotechnology at Saarland University. The collaboration resulted in the production of a fully 13C-labelled yeast extract; a pioneering feat spearheaded by Katelijne Bekers at Ohly GmbH. This custom-synthesized yeast extract played a pivotal role in unraveling the contribution of yeast extract to the synthesis of vitamin B2, also known as riboflavin. The development of fully labeled yeast extract opens up new avenues for research and innovation in the savory ingredients market. This, in turn, is expected to drive demand for yeast extracts as food manufacturers seek to develop products that deliver enhanced flavor, nutritional benefits, and clean label solutions to meet evolving consumer preferences.

“Prevalence of chronic diseases and presence of key industry players have positioned China in Asia Pacific region as the dominant market in the savory ingredients market.”

China is a major player in the world food market due to its dense population. The requirement for flavor enhancers, seasonings, and other savory ingredients to match consumer expectations is especially noticeable in urban areas, where fast urbanization has increased the consumption of processed and convenience foods. The strong demand for savory ingredients is also fueled by China's multiple regional cuisines and rich culinary legacy. Chinese cuisine features a diverse range of flavors and ingredients, ranging from the robust and fiery tastes of Sichuan cuisine to the delicate and subtle tastes of Cantonese cuisine. Because of this diversity, there is a growing need for a wide range of savory ingredients, such as sauces, flavorings, and spices, to make recipes that are authentic, tasty, and sensitive to regional tastes.

Moreover, the nation's extensive network of supply chains and food processing facilities makes it possible to produce and distribute savory ingredients both domestically and abroad with efficiency. Chinese manufacturers create savory ingredients at competitive prices by utilizing economies of scale and technology improvements, which makes them very desirable in both domestic and international markets.

Examples of this domination are found in the export of MSG (monosodium glutamate), a common savory ingredient, where China supplies a sizable share of the global market for both production and imports. According to NCBI (National Library of Medicine), Asia accounted for over three-quarters of global MSG consumption, with China leading not only in consumption but also in production and export to other nations. This highlights the significance of China, as a key player in the savory ingredients market, with implications for supply chains, pricing trends, and market strategies worldwide.

The break-up of the profile of primary participants in the savory ingredients market:

By Company Type: Tier 1 – 23%, Tier 2 – 30%, and Tier 3 – 47%

By Designation: C Level – 24%, Director Level – 36%, Others - 40%

By Region: North America – 20%, Europe – 25%, Asia Pacific – 45%, South America- 5%, Rest of the World – 5%

Prominent companies include Kerry Group plc. (Ireland), Ajinomoto Co., Inc. (Japan), Givaudan (Switzerland), Ingredion (US), Sensient Technologies Corporation (US), Symrise (Germany), Associated British Foods Plc (UK), ADM (US), DSM (Netherlands), Tate & Lyle (UK), Cargill, Incorporated (US), Novozymes (Denmark) and Corbion (Netherlands) among others.

Research Coverage:

This research report categorizes the savory ingredients market by ingredient type (yeast extracts, hydrolyzed vegetable proteins, hydrolyzed animal proteins, monosodium glutamate, nucleotides, and other ingredient types), origin (natural, and synthetic), form (powder, liquid, and other forms), application (food & beverages, pharmaceuticals, feed, other applications), and Region (North America, Europe, Asia Pacific, South America, and Rest of the World).

The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the savory ingredients market. It also provides a detailed analysis of the major players in the market including their business overview, products offered; key strategies; partnerships, new product launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the savory ingredients market is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall savory ingredients market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Increasing popularity of convenience food products, Growing government intervention toward the reduction of salt intake in developed countries, Increase in the number of end-use applications of savory ingredients, and Changing consumer food preferences in developing regions), restraints (Stringent regulations on international quality standards, and High cost of processing and raw materials), opportunities (Rising demand for natural and healthy flavor ingredients, and Growing need for the replacement of MSG), and challenges (Consumer awareness about the ill effects of flavor enhancers, and Growing demand for clean labels) influencing the growth of the savory ingredients market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the savory ingredients market.

Market Development: Comprehensive information about lucrative markets – the report analyses the savory ingredients market across varied regions.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the savory ingredients market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Kerry Group plc. (Ireland), Ajinomoto Co., Inc. (Japan), Givaudan (Switzerland), Ingredion (US), Sensient Technologies Corporation (US), Symrise (Germany), Associated British Foods Plc (UK), ADM (US), DSM (Netherlands), Tate & Lyle (UK), Cargill, Incorporated (US), Novozymes (Denmark) and Corbion (Netherlands) among others in the savory ingredients market strategies. The report also helps stakeholders understand the savory ingredients market and provides them with information on key market drivers, restraints, challenges, and opportunities.