(Food-Beverage-News.Com, January 12, 2017 ) According to Publisher, the Global Savory Ingredients market is expected to grow at a CAGR of 6.32% during the forecast period 2015 to 2022. Increasing disposable income in developing regions, rising demand for new product variant and growing demand for convenience food are some of the key factors driving the market growth. However, factors such as increased cost of raw material, stringent regulations and consumer awareness on health issues relating to savory ingredients are hampering the market.
Owing to rising demand for natural food and rising health concerns, Monosodium glutamate is getting displaced by yeast extracts. Usually, yeast extract has a superior image and is the preferred selection for clean-label products. North America is the largest market for savory ingredients. However, Asia Pacific is estimated to grow at a faster rate with India and China commanding the region. Furthermore, Japan is predicted to witness a significant growth during the forecast period. Huge consumption of sauces and noodles is anticipated to impel the growth of savory ingredients market across the country.
Some of the key players in the global savory ingredients market are Ajinomoto, Angel Yeast, Diana Group, Givaudan, Kerry Group Plc, Lesaffre Group, Royal DSM, Sensient, Tate & Lyle, Vedan International, Synergy Flavors, Fermenich, Amoretti, DMH Ingredient and Nikken Foods.
