Savory Ingredients Market Value
According to a report by Allied Market Research, the savory ingredients market size is expected to grow at a CAGR of 7.70% from 2020 to 2027, reaching $11,284.0 million in 2027, up from $7,204.0 million in 2019.
Savory ingredients are flavor enhancers that alter the flavors of food items during food processing to improve the quality and shelf life of products. These food additives help in enhancing the aroma, flavor and taste of food products, particularly instant food, meat products, nutritional food and seasonings.
The report cites the cost-effectiveness of savory ingredients being widely utilized in the food processing industry to manufacture packaged food products as a market driver. The shift in consumer preference toward buying organic products due to concerns regarding health and prevention of adverse effects of artificial ingredients significantly contributes to the growth of the savory ingredients market.
The array of organic products now available and the retail channels through which they are sold have evolved the market for clean labeled savory ingredients market. In addition, mindfulness about the medical advantages of organic food coupled with the headway in organic cultivating procedures is foreseen to drive the interest for natural nourishment and drinks, thus driving the demand of natural-based savory ingredients, such as yeast extract and starch, according to Allied Market Research.
Products such as instant noodles, frozen meals, packaged snacks, dairy products, soft drinks, energy drinks, and baked food have become an integral part of daily life, due to rapid urbanization and busy schedules. This, in turn, is anticipated to boost the demand for savory ingredients in frozen meals and packaged snacks to extend the shelf life of the products.