Savory Ingredients Market is estimated to reach USD 12.75 billion by 2024 owing to the increase in demand from the food industry. Savory is a herb, commonly used as seasoning in green vegetables. They constitute beans-oriented dishes and possess healing properties that have been serving since ages. Savory ingredients offer an authentic taste to variety foods preferred by customers on the global scale.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/savory-ingredients-market/request-sample
The key driving factors responsible for the growth of Savory
Ingredients market :
Savory ingredients industry is
influenced by the rise in demand for tasty foodstuff. Increasing disposable
income that has changed eating habits of consumers is also driving the market
growth of savory ingredients. Customers these days prefer ready-to-cook meals
which saves time, boosting the market growth. Since savory ingredients are
reasonably rated, manufacturers can use them as emulsifiers, thickening agents,
and stabilizers in different foods. This has accelerated the demand for savory
ingredients. Demand for savory ingredients is also on the rise owing to its use
in the making of beer, wine, and bread.
Savory ingredients market is
witnessing the introduction of healthy savory snacks. Also, the market growth
is supported by the introduction of new products by existing market players.
The market is categorized on the basis of type, form, origin, application, and
geography. On the basis of type, the market is divided into monosodium
glutamate, nucleotides, hydrolyzed vegetable protein, hydrolyzed animal protein,
yeast extracts, and others. Yeast extracts segment leads savory ingredients
industry owing to shifting consumer preference for feed ingredients and natural
food.
Based on form, savory ingredient
market is divided into powder, liquid, and others. Powder segment is expected
to hold larger market share of savory ingredients since it can be easily
blended with other materials. In terms of origin, savory ingredients industry
is split into synthetic and natural. Natural segment is projected to lead the market
of savory ingredients owing to growing consumer awareness about healthy
lifestyle and environmental matters. The ingredients are unadulterated and can
be easily used naturally.
In terms of application, savory
ingredients market is divided into feed and food. Food segment registers higher
growth owing to the availability of ready-to-eat foodstuff. Geographically,
savory ingredients industry is segmented as North America, Latin America,
Europe, Asia Pacific ad Middle East & Africa. Asia Pacific is expected to
dominate the market of savory ingredients owing to increasing population, rise
in demand for food, rapid urbanization, and increase in spending power of
consumers.
The major players in savory
ingredients market are Angel Yeast Co., Ltd., Givaudan S.A., Lesaffre Group.,
Diana Group, Tate & Lyle Plc., Vedan International Holdings Ltd. and
Sensient Technologies Corporation.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/savory-ingredients-market
No comments:
Post a Comment