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Pulished Date April, 2021
ID: 9600
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Asia Pacific Savory Ingredients Market by Type (Monosodium Glutamate (MSG), Yeast Extracts, HVPs, HAPs, Nucleotides, and Others), Form (Powder, Liquid, and Others), Origin (Natural and Synthetic), Application (Food and Feed), and By Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Size, Share, Trends, Growth, Forecast (2021 – 2026)

Pulished: April, 2021
ID: 9600
Pages: 135

Asia Pacific Savory Ingredients Market Growth and Forecast (2021-2026):

The Asia Pacific Savory Ingredients Market size was calculated to be USD xx billion in 2021, and it is estimated that it will reach a value of USD xx billion by the end of 2026 at a CAGR of 5.8% during the conjecture period. The savory ingredients play an important role in improving the overall essence of food, so it is expected to expand during the predicted period.

Market Overview:

Savory ingredients are added to foods to improve flavor and aroma. They are used in a variety of applications in the food industry because they are used as general tonics for the digestive tract and preservative properties. The savory ingredient is a flavor enhancer that exhibits properties that change the flavor of foods without providing separate ingredients. Savory flavor is important for making high-flavor products, such as frozen-flavored meals and snacks. They provide a pleasant aroma and flavor through effective condiments.

Recent Developments in Asia Pacific Savory Ingredients Industry:

  • In August 2019, Ajinomoto Malaysia, a subsidiary of Ajinomoto Co., Inc., invested around $ 80 million to build a new manufacturing facility for the production of seasoned, salty, and flavored menu condiments.

Asia Pacific Savory Ingredients Market Growth:

The rise in consumer disposable income has improved the intake of time-saving foods, which is foreseen to promote market growth in the coming years.

Drivers:

The Asia Pacific Savory Ingredients market is predicted to record significant CAGR in the projection period. The regional market has increased the adoption of salty flavors, increased preference and demand for hydrolyzed protein-based meat products, increased propensity for prepared foods, awareness of the use of yeast extracts instead of salt, while reducing sodium content it gives it a flavor. As the demand for instant foods such as noodles and sauces with savory ingredients increases, the growth of food applications in markets around the world is expected to accelerate. Furthermore, the use of more hydrolyzed plant proteins in food to meet the needs of health-conscious consumers is a key factor driving the market growth. Increased propensity for fast food and rising awareness of using yeast extracts instead of salt, while reducing the sodium content of the diet, providing the same flavor. All of these factors have contributed to the growth of Asia Pacific Savory Ingredients market. Savory Ingredients are used in the pet and animal food industries to improve the taste of food. As the demand for packaged pet food increases in the Asia Pacific region, market demand is expected to increase in the coming years. Convenience food products provide solutions to balance work life and stress-related problems by minimizing meal effort and preparation time. The Asia Pacific market for savory ingredients is fueled by a greater inclination of the population towards ready-to-eat and ready-to-eat foods, increasing dietary preferences, the availability of profitable ingredients and increasing disposable income. Increased consumption of convenience products is expected to drive demand during the forecast period. Due to the growing demand for yeast extract, the market for Asia Pacific Savory Ingredients is expected to grow.

Yeast extract is a natural ingredient made from yeast to produce wine, bread and beer. Yeast extract is rich in B vitamins, which makes yeast extract widely used as a flavor enhancer. A significant investment in the development of salty product solutions is expected to increase industrial demand in the coming years. Ajinomoto located the products to satisfy the tastes by country. The most prominent trend in the regional market is the preference of companies for the flavor and composition of natural flavors over artificial flavors. Some companies are also trying to introduce yeast extract into their food, which gives it a salty taste and reduces bitterness. Spray dried salty ingredients have been rapidly adopted in recent years as they enhance the taste and taste of cooked food. This provides a favorable opportunity for market participants during the forecast period. This market is driven by the growing demand for prepared foods among consumers. As disposable income increased along with busy lifestyles, consumer eating habits changed and the pattern of convenience food consumption changed, saving time spent preparing food. Due to this, the salty materials market has shown a positive growth trajectory in recent years, and its impact will continue until the end of the forecast period. Developing countries have tremendous potential for this market to prosper. As a result, manufacturers and related companies involved in this industry are looking for a market that can gradually expand.

Restraints:

Stringent regulations by governments on the usage of monosodium glutamate (MSG) may impede the growth of the Asia Pacific Savory Ingredients market. The health risks associated with consuming salty ingredients are a major hurdle for this market, along with a clean labeling movement that has begun to return to real foods with natural, simple ingredients that are easy for consumers to recognize, and a major obstacle to this market.

Impact of COVID-19 on the Asia Pacific Savory Ingredients Market:

In 2019, the Asia Pacific region held the largest market share in the salty materials market. The processed food industry in the Asia Pacific region is booming due to lifestyle changes and high disposable incomes. However, the COVID19 epidemic affected the growth of the market. Reduced consumption of poultry, meat and seafood products in APAC is expected to reduce demand for savory ingredients in the near future.

Asia Pacific Savory Ingredients Market Segmentation Analysis:

By Type:

  • Monosodium Glutamate (MSG)   
  • Yeast Extracts       
  • HVPs 
  • HAPs 
  • Nucleotides 

By Application:

  • Food  
  • Feed  

By Form:

  • Powder        
  • Liquid

By Origin:

  • Natural        
  • Synthetic

Regional Analysis:

The Asia-Pacific savory materials market dominated the global industry and is expected to grow at an average annual rate of 6.4% from 2020 to 2024. China is the fastest-growing market, followed by ASEAN countries. Growth in this region is due to the increased consumption of ready-to-eat food. China, Japan and India are expected to experience strong growth after other Southeast Asian countries such as Indonesia, Thailand and Korea. The Chinese market is expected to occupy the largest market share of 35.1% in 2018 and is expected to post a compound annual rate of 6.6% in terms of earnings during the forecast period. The Japanese salted materials market is expected to grow at an average annual rate of 4.5% during the forecast period. The Indian savory ingredients market is deemed to develop at a considerable CAGR of about 6% over the conjecture period. The APAC region offers tremendous growth opportunities for companies operating in salty material spaces. The main reason for this is that as people's disposable income increases significantly, the demand for ready-to-eat foods such as noodles and salty snacks is increasing in these markets. Furthermore, sales of savory materials in these countries already represent a significant part of sales in APAC's market, and revenues from this market are expected to increase significantly during the outlook period.

Key Players in the Market:

Major Key Players in the APAC Savory Ingredients Market are

  • Kerry Group PLC              
  • Ajinomoto Co., Inc          
  • ADM Company                
  • Givaudan               
  • Koninklijke DSM N.V                 
  • Tate & Lyle PLC               
  • Lesaffre Group                
  • AngelYeast Co., Ltd         
  • Cargill Inc              
  • Sensient Technologies Corp                 

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design                  

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees                  

4. Market Dynamics                            

          4.1 Impact Analysis                  

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Savory Ingredients Market, By Type         

                   6.1.1 Monosodium Glutamate (MSG)    

                   6.1.2 Yeast Extracts        

                   6.1.3 HVPs  

                   6.1.4 HAPs  

                   6.1.5 Nucleotides  

                   6.1.6 Market Size Estimations & Forecasts (2021-2026) 

                   6.1.7 Y-o-Y Growth Rate Analysis       

                   6.1.8 Market Attractiveness Index       

          6.2 Savory Ingredients Market, By Application          

                   6.2.1 Food  

                   6.2.2 Feed   

                   6.2.3 Market Size Estimations & Forecasts (2021-2026) 

                   6.2.4 Y-o-Y Growth Rate Analysis       

                   6.2.5 Market Attractiveness Index       

          6.3 Savory Ingredients Market, By Form         

                   6.3.1 Powder        

                   6.3.2 Liquid 

                   6.3.3 Market Size Estimations & Forecasts (2021-2026) 

                   6.3.4 Y-o-Y Growth Rate Analysis       

                   6.3.5 Market Attractiveness Index       

          6.4 Savory Ingredients Market, By Origin                 

                   6.4.1 Natural        

                   6.4.2 Synthetic      

                   6.4.3 Market Size Estimations & Forecasts (2021-2026) 

                   6.4.4 Y-o-Y Growth Rate Analysis       

                   6.4.5 Market Attractiveness Index       

7. Geographical Landscape                            

          7.1 Regional Identity Governance and Administration Market, by Region           

          7.2 Asia Pacific  - Market Analysis (2021-2026)             

                   7.2.1 By Country   

                             7.2.1.1 China

                             7.2.1.2 India

                             7.2.1.3 Japan

                             7.2.1.4 South Korea

                             7.2.1.5 South East Asia

                             7.2.1.6 Australia & NZ

                             7.2.1.7 Rest of Asia-Pacific

                   7.2.2 By Type       

                   7.2.3 By Application        

                   7.2.4 By Form       

                   7.2.5 By Origin      

8. Key Player Analysis                         

          8.1 Kerry Group PLC                 

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 Ajinomoto Co., Inc              

          8.3 ADM Company          

          8.4 Givaudan                  

          8.5 Koninklijke DSM N.V           

          8.6 Tate & Lyle PLC         

          8.7 Lesaffre Group          

          8.8 AngelYeast Co., Ltd             

          8.9 Cargill Inc                 

          8.10 Sensient Technologies Corp                  

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

 
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Type, Form, Origin, Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Asia Pacific Savory Ingredients Market By Type, From 2021-2026 ( USD Billion )
  2. Asia Pacific Monosodium Glutamate (MSG) Market By Region, From 2021-2026 ( USD Billion )
  3. Asia Pacific Yeast Extracts Market By Region, From 2021-2026 ( USD Billion )
  4. Asia Pacific HVPs Market By Region, From 2021-2026 ( USD Billion )
  5. Asia Pacific HAPs Market By Region, From 2021-2026 ( USD Billion )
  6. Asia Pacific Nucleotides Market By Region, From 2021-2026 ( USD Billion )
  7. Asia Pacific Savory Ingredients Market By Application, From 2021-2026 ( USD Billion )
  8. Asia Pacific Food Market By Region, From 2021-2026 ( USD Billion )
  9. Asia Pacific Feed Market By Region, From 2021-2026 ( USD Billion )
  10. Asia Pacific Savory Ingredients Market By Form, From 2021-2026 ( USD Billion )
  11. Asia Pacific Powder Market By Region, From 2021-2026 ( USD Billion )
  12. Asia Pacific Liquid Market By Region, From 2021-2026 ( USD Billion )
  13. Asia Pacific Savory Ingredients Market By Origin, From 2021-2026 ( USD Billion )
  14. Asia Pacific Natural Market By Region, From 2021-2026 ( USD Billion )
  15. Asia Pacific Synthetic Market By Region, From 2021-2026 ( USD Billion )
  16. Japan Savory Ingredients Market By Type, From 2021-2026 ( USD Billion )
  17. Japan Savory Ingredients Market By Application, From 2021-2026 ( USD Billion )
  18. Japan Savory Ingredients Market By Form, From 2021-2026 ( USD Billion )
  19. Japan Savory Ingredients Market By Origin, From 2021-2026 ( USD Billion )
  20. China Savory Ingredients Market By Type, From 2021-2026 ( USD Billion )
  21. China Savory Ingredients Market By Application, From 2021-2026 ( USD Billion )
  22. China Savory Ingredients Market By Form, From 2021-2026 ( USD Billion )
  23. China Savory Ingredients Market By Origin, From 2021-2026 ( USD Billion )
  24. India Savory Ingredients Market By Type, From 2021-2026 ( USD Billion )
  25. India Savory Ingredients Market By Application, From 2021-2026 ( USD Billion )
  26. India Savory Ingredients Market By Form, From 2021-2026 ( USD Billion )
  27. India Savory Ingredients Market By Origin, From 2021-2026 ( USD Billion )
  28. Australia Savory Ingredients Market By Type, From 2021-2026 ( USD Billion )
  29. Australia Savory Ingredients Market By Application, From 2021-2026 ( USD Billion )
  30. Australia Savory Ingredients Market By Form, From 2021-2026 ( USD Billion )
  31. Australia Savory Ingredients Market By Origin, From 2021-2026 ( USD Billion )
  32. South Korea Savory Ingredients Market By Type, From 2021-2026 ( USD Billion )
  33. South Korea Savory Ingredients Market By Application, From 2021-2026 ( USD Billion )
  34. South Korea Savory Ingredients Market By Form, From 2021-2026 ( USD Billion )
  35. South Korea Savory Ingredients Market By Origin, From 2021-2026 ( USD Billion )

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