savory ingredients market

How Are Changing Consumer Preferences Impacting the Savory Ingredients Market, Expected to Reach $13.38 Billion by 2031?

Savory Ingredients Market - 2024-2031 Meticulous Research , a leading global market research firm, has recently published a report titled Savory Ingredients Market Global Opportunity Analysis and Industry Forecast (2024 2031) . According to this publication, the savory ingredients market is projected to reach $13.38 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. Request For Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=6031? Key Growth Drivers The market s expansion is primarily fueled by the rising demand for convenience foods and an increasing consumer preference for wholesome and natural food options. This shift towards healthier alternatives is encouraging growth within the savory ingredients market. There is also a notable increase in demand for naturally sourced savory ingredients, driven by both consumer awareness and preferences for cleaner labels. However, factors like high raw material costs and stringent regulations are creating some barriers to the market's full potential. Opportunities in Emerging Markets In emerging regions such as Asia-Pacific, Latin America, and the Middle East & Africa, there are significant growth opportunities for market players. These regions offer potential due to evolving consumer preferences and economic growth. Nevertheless, challenges remain, particularly in the sourcing of natural ingredients, which can be complex. The increasing demand for clean-label and functional ingredients remains a key market trend. Competitive Landscape The savory ingredients market is moderately competitive, with a mix of large global companies and regional players. Notable participants in the market include Ajinomoto Co., Inc. (Japan), AngelYeast Co., Ltd. (China), Kerry Group plc (Ireland), Vedan International (Holdings) Limited (Hong Kong), Sensient Technologies Corporation (U.S.), and Tate & Lyle PLC (U.K.). These companies are engaged in diverse strategies to maintain their competitive edge, contributing to the dynamic nature of the market. Market Segmentation by Ingredient Type Among the ingredient types, monosodium glutamate (MSG) holds a dominant share in the market, accounting for 55.4% in 2024. The extensive use of MSG is attributed to its powerful flavor-enhancing properties, making it popular in processed foods. MSG s Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Savory Ingredients Market - 2024-2031 presence is notable across various food categories such as sauces, dairy and meat products, baked goods, and instant noodles, further driving its market growth. Dominance of Synthetic Ingredients Synthetic ingredients are anticipated to dominate the market due to advantages like stability, extended shelf life, and affordability compared to natural ingredients. Synthetics offer consistency and cost-effectiveness, allowing manufacturers to meet high demand while minimizing supply chain uncertainties. Prevalence of Powdered Savory Ingredients The powdered form of savory ingredients leads in popularity, largely due to its versatility and ease of use in various food applications. Powdered ingredients are favored for their extended shelf life and uniform distribution in products, reducing spoilage risks and providing a cost-effective solution. Food & Beverage Applications The food and beverage segment holds a significant portion of the savory ingredients market. The appeal of international cuisines and umami flavors, combined with fast- paced consumer lifestyles, has elevated the demand for savory ingredients, particularly in ready-to-eat meals. Geographic Insights Asia-Pacific is expected to command the largest share of the savory ingredients market in 2024, estimated at $5,699.2 million. The region s growth is supported by urbanization, increased disposable incomes, and the popularity of international cuisines. Buy Now: https://www.meticulousresearch.com/Checkout/62875906? About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Savory Ingredients Market - 2024-2031 The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com