Savory Flavor Blends Market - By Form (Powder, Liquid, Paste, Spray), By Flavour (Spices and Herbs, Umami, Barbecue, Ethnic/International, Citrus, Cheese, Savory & Sweet), By Application, By Distribution Channel & Forecast, 2023 - 2032
Savory Flavor Blends Market - By Form (Powder, Liquid, Paste, Spray), By Flavour (Spices and Herbs, Umami, Barbecue, Ethnic/International, Citrus, Cheese, Savory & Sweet), By Application, By Distribution Channel & Forecast, 2023 - 2032
Savory flavor blends market will grow at 5.4% CAGR from 2023 to 2032. The rising consumer demand for diverse and flavorful food experiences is driving the need for innovative and unique taste profiles, propelling business growth. Moreover, changing dietary preferences towards healthier and plant-based options is spurring the development of savory flavor blends to enhance the taste of such foods.
Additionally, the expanding global food industry, including ready-to-eat meals and snacks, is creating a substantial demand for flavor enhancement, opening new avenues for market expansion. The trend of international cuisine and fusion cooking will lead to increased adoption of savory flavor blends, hence driving business growth. In March 2023, Kerry Group, a global taste and nutrition leader, launched SucculencePB, a revolutionary solution to enhance the taste and nutritional value of plant-based meat alternatives.
The market is segregated based on form, flavor, application, distribution channel, and region.
Based on form, the liquid form segment will exhibit a substantial CAGR through 2032, driven by factors such as ease of integration of liquid blends into food products, consistent flavor distribution, quick customization, and versatility, making it a preferred choice for food manufacturers and chefs.
Based on flavor, the barbecue segment is anticipated to accumulate a commendable share of the savory flavor blends market by 2032, driven by the growing consumer demand for smoky and tangy profiles, which are popular in various cuisines. Barbecue flavors add a savory and familiar taste to a wide range of food products, driving their adoption.
The meat and poultry application segment will reflect a significant CAGR during 2023-2032, driven by the consistent demand for flavorful and innovative meat products and enhanced consumer preferences for meat seasoning. Furthermore, the capacity of savory blends to cater to diverse meat-based food products will drive growth in the segment.
Regionally, the Europe savory flavor blends industry will grow at a substantial CAGR during the analysis period, driven by the rising consumer demand for diverse & innovative flavor experiences and increasing adoption of convenient and processed foods. The thriving market for plant-based and healthier food options will further drive business growth in the region.