The food industry’s savory ingredients market is the fastest-growing application at a CAGR of 6.6% from 2014 to 2019.
(PRWEB) August 04, 2014
The segments of the savory ingredients market considered for this study include ingredient types, applications, and geography. All the growth parameters in individual segments have been considered in this report. The food industry’s savory ingredients market is the fastest-growing application at a CAGR of 6.6% from 2014 to 2019.
The savory ingredients market report defines and segments the savory ingredients market with analyses and projections of the market size, in terms of value and volume. The market has been segmented on the basis of types and applications of savory ingredients. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and the market size is forecasted on the basis of key regions, including North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The key countries are covered with the market size and trends projected for each region. Complete report is available at http://www.rnrmarketresearch.com/savory-ingredients-market-by-ingredients-yeast-extracts-hvp-hap-msg-nucleotides-and-others-by-application-food-industry-pet-food-and-others-by-geography-global-trends-forecasts-to-2019-market-report.html .
The major savory flavor ingredients used globally include yeast extract, hydrolyzed vegetable protein, hydrolyzed animal protein, monosodium glutamate, and ribonucleotides (disodium 5’-guanylate and disodium 5’-inosinate). The latter are particularly effective when used in combination with other savory flavor ingredients. Ribonucleotides boost the effectiveness of other savory flavor ingredients.
Yeast extracts are benefiting from the trend of the increasing demand of more natural ingredients and pressure to reduce the usage of monosodium glutamate. In general, yeast extracts have a good image and are the preferred choice for clean-label products. Yeast extract volumes have increased considerably in Europe in the period up to 2010. Most European producers are running at or near capacity. New investments have mainly been focused in Asia with the intention of importing into Europe.
The savory ingredients market is dominated by a few large players and comprises many small- and medium-scale players. The key players identified in the savory ingredients industry are Ajinomoto, Angel Yeast, Vedan International, Kerry Group Plc, Sensient, Givaudan, Tate & Lyle, Lesaffre Group, Diana Group and Royal DSM. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/discount?rname=201442 .
The North American and European savory ingredients market are quite stable since the past few years due to increased consumer awareness related to the ill effects of savory ingredients. Consumers presume that savory ingredients are artificial chemicals added to enhance flavors which are very unhealthy. The developing countries in the Asia-Pacific region have very low consumer awareness with regard to savory ingredients due to which there is a lot of untapped potential for savory ingredients in the region.
The main market for hydrolyzed animal proteins is the pet food industry. Monosodium glutamate holds the majority of market share in the savory ingredients market. Monosodium glutamate is getting replaced by yeast extracts due to increasing demand for natural ingredients and health concerns. In general, yeast extract has a good image and is the preferred choice for clean-label products. The Asia-Pacific region is the largest market for savory ingredients and also the fastest-growing market with India and China dominating the region. Asia-Pacific’s savory ingredients market is projected to grow at a CAGR of 6.4% from 2014 to 2019. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=201442.
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