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Savory Ingredients Market Size

ID: MRFR//1286-HCR | 110 Pages | Author: Harshita Gorade| July 2024

The Savory Ingredients Market is influenced by a myriad of factors that collectively contribute to its growth and evolution. One significant driver of this market is the changing consumer preferences and the increasing demand for unique and bold flavors in food products. As consumers seek diverse culinary experiences, the demand for savory ingredients like herbs, spices, and flavor enhancers has risen. The market responds to this trend by offering a wide range of savory components that add depth and richness to various dishes, meeting the evolving taste preferences of consumers.

Economic factors play a crucial role in shaping the Savory Ingredients Market. The market is sensitive to economic conditions that influence consumer spending on food products. During economic downturns, consumers may prioritize cost-effective and staple ingredients, impacting the demand for premium or specialty savory ingredients. Conversely, in periods of economic growth, there may be an increased willingness to spend on gourmet and exotic flavors, driving the market for unique and high-quality savory ingredients.

Changing dietary patterns and lifestyles contribute significantly to the market dynamics of savory ingredients. As consumers become more health-conscious, there is a growing interest in flavorful yet nutritious food options. Savory ingredients, including herbs and spices, offer a way to enhance the taste of dishes without relying on excessive salt or unhealthy additives. The market is witnessing a shift towards healthier flavoring alternatives as consumers seek to strike a balance between taste and nutritional value.

Globalization is a key factor influencing the supply chain of the Savory Ingredients Market. The market is interconnected globally, with the production and distribution of savory ingredients sourced from various regions around the world. Changes in international trade policies, currency exchange rates, and geopolitical events can impact the availability and pricing of savory ingredients. Companies in this market need to navigate these global factors to ensure a stable supply chain and remain competitive on an international scale.

Government regulations and standards are pivotal market factors for savory ingredients. Regulations regarding food safety, labeling, and quality standards directly impact the production and sale of savory components. Compliance with these regulations is essential for ensuring consumer safety and building trust in the market. Additionally, adherence to international standards for food exports is crucial for companies aiming to participate in global markets.

Technological advancements contribute to the innovation and competitiveness of the Savory Ingredients Market. Continuous research and development efforts lead to the discovery of new flavor compounds, extraction methods, and processing techniques. Advanced technologies help maintain the freshness and quality of savory ingredients, meeting consumer expectations for authentic and flavorful food experiences. Innovation in savory ingredient formulations also allows manufacturers to create unique blends and profiles that cater to specific culinary trends.

Environmental sustainability is an increasingly important consideration in the Savory Ingredients Market. Consumers are placing greater emphasis on sustainable and responsibly sourced ingredients. Companies adopting eco-friendly practices, such as sustainable farming methods and ethical sourcing, are gaining favor among environmentally conscious consumers. The market is witnessing a growing demand for savory ingredients that align with principles of environmental stewardship.

Covered Aspects:

Report Attribute/Metric Details
Growth Rate 7.65% (2023-2030)

Global Savory Ingredients Market Overview

Savory Ingredients Market Size was valued at USD 6.9 billion in 2023. The savory Ingredients industry is projected to grow from USD 7.42 Billion in 2024 to USD 11.55 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.65% during the forecast period (2024 - 2032). Rising demand for packaged instant food products and the rise in consumption of bakery products are the key market drivers enhancing the market growth.

Savory Ingredients Market Overview

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Savory Ingredients Market Trends

  • Growing application in food ingredients to boost the market growth

Savory has been a culinary herb for 2,000 years to season meat, flavor beans, and give food a thyme-like flavor. Since savory has such a strong, peppery flavor, it has also come to mean flavorful food, as in "a savory sauce." Savory is also referred to as the "herb of love" because the Ancient Romans used it to concoct love potions because they thought it was a natural aphrodisiac. For fear that the monks would fall prey to its enchantment, European monasteries forbade the growth of savory. Savory can give many dishes a rich, smoky flavor, from casseroles to meats and bean dishes to stews. While winter savory is cooked with heavier fare, like meats and stuffings, and summer savory is frequently served with lighter foods like beans, both can deepen and enrich the flavors of many dishes. Thus, the increasing use of food is another factor driving the Savory Ingredients market revenue growth.

There are some advantages of savory ingredients, which are anticipated to increase their use and enhance the Savory Ingredients market CAGR in the coming years. It has also been demonstrated to aid in the relief of many digestive problems' symptoms. They include colic, gastroenteritis, and diarrhea. A healthy digestive system can be supported by eating savory foods. It stops your stomach from producing gas and indigestion.

Additionally, it makes it simpler for your stomach to release gas.  It contains thymol essential oil, which has antiseptic and antifungal properties. Bee stings and other types of insect bites can be treated with the aid of these properties. The savory plant is still widely used today as a natural aphrodisiac, much like the Ancient Romans did. It contains antioxidants that can aid in preventing diseases from ever developing. As an illustration, consider how it can increase the body's good and bad cholesterol levels. This aids in heart health promotion and prevents the emergence of heart diseases.

Savory Ingredients Market Segment Insights

Savory Ingredients Type Insights

The savory Ingredients market segmentation, based on type, includes yeast extract, starch, protein, monosodium glutamate, and nucleotides. The yeast extract segment held the majority share in 2022. The increased use of yeast extract in ready meals and confectionaries is expected to drive the market for savory ingredients. The rising demand for ready-to-eat food products and the sector's expanding technological advancements in the food processing industry is to blame for this. The addition of savory ingredients allows snacks and ready-to-eat meals now to have a variety of distinct flavors and aromas.

November 2022: Yeast technology company Angel Yeast will continue to market its creative yeast-based solutions in the European market and unveil new solutions at the Food Ingredients Europe (FiE) 2022 trade show in Paris, France.

Savory Ingredients Source Insights

The savory Ingredients market segmentation, based on source, includes natural and synthetic. The natural segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Compared to conventionally grown goods, consumers are more likely to view food grown organically as healthy and nourishing. The shift in consumer preference toward purchasing organic goods due to health concerns and the desire to avoid the negative effects of artificial ingredients has a significant positive impact on the market for savory ingredients. Such factors are anticipated to impact the savory ingredients market growth positively.

Savory Ingredients Application Insights

The savory Ingredients market data has been bifurcated by application into Food and Feed. The food segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to rapid urbanization, an increase in the number of people working, and the hectic and busy schedules of people, who do not have much time to prepare food manually, there is a growing demand for nutritious and high-quality food. A staple of daily life is items like instant noodles, frozen meals, packaged snacks, dairy products, soft drinks, energy drinks, and baked goods. Increasing the shelf life of the products is expected to increase the demand for savory ingredients in frozen meals and packaged snacks.

Figure 1: Savory Ingredients Market, by Source, 2022 & 2030 (USD billion)Savory Ingredients Market, by Source, 2022 & 2030Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Savory Ingredients Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Savory Ingredients Market accounted for USD 3.2 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The shifting lifestyles, rising disposable income, and an expanding population drive the market for savory ingredients in the Asia Pacific. The growing demand for meat and fish products is also anticipated to boost the regional market. In addition, it is anticipated that the rising popularity of Asian cuisines will aid the market expansion in the region due to the significant expansion of the travel and tourism sector in nations like India, China, Japan, South Korea, and others. Moreover, the China Savory Ingredients market held the largest market share, and the India Savory Ingredients market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Source: Secondary Research, Primary Research, MRFR Database, and Ana\lyst Review

Europe Savory Ingredients market accounts for the third-largest market share. Large investments have been made in the manufacturing sector, which will primarily drive the market for various industries during the forecast period. Throughout the anticipated period, market demand will likely be driven by expanding European applications and manufacturing facilities. Due to their ease of blending with other food ingredients, the demand for liquid savory ingredients is comparatively higher than that for dry and paste ingredients. Further, the Germany Savory Ingredients market held the largest market share, and the UK Savory Ingredients market was the fastest-growing market in the European region

North America Savory Ingredients market will be the second largest market in 2022. In North America, sales of ready-to-eat foods like protein-rich soup, instant diet soup, and other prepared foods have increased due to the growing working-class population and hectic schedules. Future growth will probably be boosted by the rising use of savory ingredients in the animal feed and pet food industries.

Savory Ingredients Key Market Players & Competitive Insights

The Major market players are focused on diversifying their product portfolios by investing heavily within their R&D departments. Additionally, players are focused on integrating various market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other companies in the market to widen their presence further. The dominant players in the savory Ingredients industry further offer to optimize their supply chains to widen their profit margins.

To reduce operating costs, the market leaders in the savory Ingredients industry are offering their products at a moderate price. During the forecast period, the savory Ingredients industry has produced highly viable products. The savory Ingredients market major player such as Koninklijke DSM N.V. (Netherlands), Ajinomoto Co. Inc. (Japan), Kerry Group plc (Ireland), Tate & Lyle plc (UK), Givaudan S.A. (Switzerland), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Vedan International (Holdings) Limited (Hong Kong), and AngelYeast Co. Ltd. (China), and others are working on expanding the market demand by investing in research and development activities.

DSM is a multinational, science-based company focusing on nutrition and health solutions for people and animals. In September 2021, Royal DSM, a science-based nutrition, health, and sustainable living company, acquired First Choice Ingredients with an enterprise value of US$453 million. According to the projected 2021 Adjusted EBITDA, this transaction represents an EV/EBITDA multiple of 19.8x. Approximate sales of USD 75 million are projected for 2021.

Givaudan S.A Company's two business divisions are fragrance, beauty, taste, and well-being. Givaudan's passion is working with clients and partners to create game-changing innovations in food and beverages. The company has a broad portfolio of products across flavors, tastes, functional solutions, and nutritional needs. In Feb 2023, Givaudan and Manus Bio collaborated to launch BioNootkatone, a clean-label, natural, and sustainable citrus flavoring ingredient.

Key Companies in the savory Ingredients market include

  • Koninklijke DSM N.V. (Netherlands)

  • Ajinomoto Co. Inc. (Japan)

  • Kerry Group plc (Ireland)

  • Tate & Lyle plc (UK)

  • Givaudan S.A. (Switzerland)

  • Symrise AG (Germany)

  • Sensient Technologies Corporation (U.S.)

  • Vedan International (Holdings) Limited (Hong Kong)

  • AngelYeast Co. Ltd. (China), among others

Savory Ingredients Industry Developments

October 2021: Bauli, the Italian bakery company best known for its soft, sweet snack Moonfils, has entered the savory market. Initially, BauliSavoriz will be offered in key markets like Mumbai, Bangalore, Kolkata, Goa, NCR, and Pune before gradually expanding to every city nationwide. All significant modern trade retailers, including Reliance Retail, More Retail, Metro Cash & Carry, Walmart, and D-Mart, will offer it nationally. Additionally, it will be available on online shopping sites like Grofers, BigBasket, Flipkart, Swiggy, and Instamart.

August 2020: Central Foods has introduced two new savory items for the food service industry to satisfy the dietary restrictions of customers of the frozen food distributor. Vegetarians and gluten-free diners can both enjoy the "Menuserve brie and red onion tart."

Savory Ingredients Market Segmentation

Savory Ingredients Type Outlook

  • Yeast Extract

  • Starch

  • Protein

  • Monosodium Glutamate

  • Nucleotides

Savory Ingredients Source Outlook

  • Natural

  • Synthetic

Savory Ingredients Application Outlook

  • Food

  • Feed

Savory Ingredients Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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