Global Savoury Ingredients Market estimated to cross USD 9 billion by 2025

1. Growing demand for chemical food additives drive Savoury Ingredients Market Global Savoury Ingredients Market estimated to cross USD 9 billion by 2025 Asia Pacific to record the highest CAGR in the Global Savoury Ingredients Market Market overview: The Global Savoury Ingredients Market was valued at USD 7.2 billion in 2020 and is projected to reach USD 9.3 billion by 2025, at a CAGR of 5.19% from 2020 to 2025. Savoury ingredients are flavor enhancers that alter the taste of food products to improve the quality and shelf life of food products. It is used as a food additive that helps to enhance the aroma, delicious and authentic taste of food products. It is also used in the food industry due to the growing demand for ready-to-cook and change of eating and consumption pattern. They are used as thickeners, stabilizers and emulsifiers in various food products. The wide applications in various industries help anticipate the growth of the savoury ingredients market in various regions. Recent developments: In March 2020, Kerry Group established a new regional development and food manufacturing plant in Georgia, Rome. This new facility would help the company serve its customers in Europe, increase its production capacity and expand its geographic reach. In August 2019, Ajinomoto Malaysia, a subsidiary of Ajinomoto Co., Inc., invested approximately USD 80 million to build a new manufacturing facility for the production of menu-specific condiments, umami condiments, and aromatic condiments. This expansion would increase the capacity of its existing plant. In December 2019, AngelYeast Co., Ltd. launched a new natural flavor enhancement solution for plant-based foods and beverages in Europe. This product launch will help the company strengthen its portfolio and increase its customer base in Europe. Market Drivers and Restrains:

2. The growing disposable income of consumers in developing countries has fueled demand for ready-to-eat food products. Consumers have a hard time preparing a meal after strenuous activity, so they opt for food products that save time and help recharge lost energy. The growing demand for ready-to-eat foods is anticipated to drive the growth of the global savoury ingredients market during the forecast period, as they are used in the preparation of ready-to-eat meals. Also, the market is driven by the growing size of the consumer population of developing countries such as China, India and others. Recently, consumers' preference for the consumption of chemical-based food additives and preservatives has changed. This should promote a growing demand for specific savoury ingredients like monosodium glutamate (MSG). Although the FDA has classified monosodium glutamate as a safe food ingredient, various reports have classified it as a toxic food additive that has an adverse effect on human health. However, consumer perception of this ingredient remains positive. Additionally, an increasing number of health-conscious consumers are suppsoed to drive market growth. View Full Report @ https://www.marketdataforecast.com/market-reports/savoury- ingredients-market Market Segmentation: The global market for savoury ingredients is segmented based on origin, production technique, type, application, shape and geography. According to the source, it is divided into natural and synthetic. Based on the production technique, it is divided into heat treatment, acid treatment and Maillard reaction. Depending on the type, it is segmented into yeast extract, starch, protein, monosodium glutamate, nucleotides, and others. Depending on the application, it is classified into food (soups, snacks, meats and others) and feed. According to the form, it is segmented into liquid, powder and others. Impact of COVID-19 on Savoury Ingredients Market Coronavirus has become a global pandemic that has spread to 215 countries around the world and has affected various industries around the world. The dynamics in which various industries operated will change radically. As the world continues to fight this crisis, many industries continue to experience steady decline. Among these industries, the food and beverage industry has a diverse effect. COVID-19 has affected almost every continent;

3. however, the United States, Russia, Brazil, India, the United Kingdom, Spain, Italy and Germany have experienced a sharp increase in diagnosed cases. Globalization and the interconnected economies of most countries would be affected by coronavirus. Geographical Segmentation: Geographically, Asia-Pacific is supposed to be the fastest growing region for the global savoury ingredients market after accounting for the largest market share in 2019. Food processing industry in the Asia-Pacific region is growing rapidly due to growing consumer demand for ready meals and rising personal disposable income. Developing countries such as China, India and Japan are expected to boost the savoury ingredients market during the forecast period due to increasing population size and changes in consumer lifestyles. Other regions such as North America and Europe are supposed to post moderate growth with a healthy CAGR as the market is nascent. Download Sample Report @ https://www.marketdataforecast.com/market-reports/savoury- ingredients-market/request-sample Key market players: Some of the leading manufacturers of Savoury Ingredients are Ajionomoto Co., Inc., Koninklijke DSM NV, Kerry Group PLC, Tate & Lyle PLC, Givaudan, Symrise AG, Lesaffre Group, Senseint Technologies Corporation, Angelyeast Co., Ltd., and Vedan International (Stock) Limited. Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions,

4. collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/