Global Savory Ingredients Market Size By Type (Hydrolyzed Protein, Monosodium Glutamate), By Application (Feed, Food), By Region, And Segment Forecasts, 2023 to 2032

The Global Savory Ingredients Market was valued at USD 12.8 billion in 2023 and is projected to surpass USD 21.4 billion by 2031, growing at a CAGR of 6.7% during the forecast period from 2023 to 2031. The market is driven by the growing demand for flavor-enhancing products in food and beverages, an increasing shift towards convenience foods, and a rising trend of health-conscious eating that incorporates low-salt and natural savory ingredients.

Savory ingredients are extensively used in processed foods, snacks, sauces, and ready-to-eat meals. As consumers globally seek innovative and premium-tasting food products, the demand for high-quality savory ingredients is surging, shaping the market dynamics.

Drivers:

Growing Preference for Processed and Ready-to-Eat Foods: The increasing reliance on convenience food products is significantly boosting the demand for savory ingredients that enhance taste and shelf life.

Rising Demand for Natural and Clean-Label Ingredients: Consumers are gravitating toward natural savory ingredients like yeast extracts and hydrolyzed vegetable proteins, which align with clean-label trends.

Expansion in Emerging Markets: Urbanization and rising disposable incomes in regions like Asia-Pacific and Latin America are driving the adoption of savory ingredients in local cuisines and processed foods.

Restraints:

Health Concerns Over Synthetic Additives: Increasing consumer awareness regarding the adverse effects of artificial flavors and additives can hinder market growth.

Fluctuating Raw Material Prices: Price volatility in raw materials such as MSG (monosodium glutamate) and yeast can impact production costs, challenging smaller manufacturers.

Opportunities:

Innovation in Product Formulations: Growing investments in R&D to develop unique, low-sodium, and plant-based savory ingredients present lucrative opportunities.

Emerging Markets and Regional Cuisines: The growing popularity of regional cuisines globally creates demand for specific savory ingredients.

Application in Alternative Proteins: As plant-based meat and dairy alternatives rise, savory ingredients play a pivotal role in mimicking the umami taste of traditional animal-based products.

Market by Ingredient Type Insights:

The yeast extract segment dominated the market in 2023, owing to its application as a natural flavor enhancer across diverse food categories. It is expected to maintain its leadership due to the rising demand for clean-label products. Meanwhile, the protein hydrolysates segment is expected to register the fastest growth rate, supported by its functionality in enhancing the umami profile in plant-based foods.

Market by Application Insights:

In terms of application, the processed food segment accounted for the largest revenue share in 2023, fueled by the global demand for snacks, sauces, and ready meals. The instant noodles and soup segment is anticipated to witness significant growth, driven by changing dietary habits in urban areas and expanding distribution networks.

Market by Regional Insights:

The Asia-Pacific region dominated the savory ingredients market in 2023, with countries like China, India, and Japan leading the demand for processed and instant foods. North America and Europe are projected to show steady growth, driven by the rising adoption of clean-label and natural flavoring solutions.

Competitive Scenario:

Key players in the Global Savory Ingredients Market include Givaudan SA, Ajinomoto Co., Kerry Group, Tate & Lyle PLC, Koninklijke DSM N.V., Sensient Technologies Corporation, and Angel Yeast Co., Ltd. These companies are actively focusing on product innovations, mergers & acquisitions, and regional expansions to strengthen their market presence.

Scope of Work – Global Savory Ingredients Market

Key Market Developments:

2023: Givaudan SA launched a new range of plant-based savory flavor solutions to enhance taste profiles in alternative protein applications.

2024: Ajinomoto Co. announced a partnership with a leading snack brand to integrate its MSG-free savory ingredients.

2025: Kerry Group introduced its novel line of yeast-based natural flavor enhancers for low-sodium snacks.

FAQs:

What is the current market size of the Global Savory Ingredients Market?

The market was valued at USD 12.8 billion in 2023.

What is the major growth driver of the Global Savory Ingredients Market?

The rising demand for processed and convenience foods drives the market growth.

Which region dominates the Global Savory Ingredients Market?

The Asia-Pacific region held the largest market share in 2023.

Which segment accounted for the largest market share in the Global Savory Ingredients Market?

The processed food segment accounted for the largest market share.

Who are the key market players in the Global Savory Ingredients Market?

Key players include Givaudan SA, Ajinomoto Co., Kerry Group, Tate & Lyle PLC, and DSM N.V..