The Global Savory Ingredients Market is expected to reach USD 10.4 billion by 2023, growing at a CAGR of 7.3%. The major factors driving the growth of the savory ingredients market include an increase in consumption of ready-to-eat, ready-to-cook food, noodles, and increased demand for food flavoring. Increasing consumption of bakery food and natural ingredients is expected to grow its demand in the food & beverage industry.
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This report features the market growth analysis and forecasting for the growth and revenue up to 2023 allied with the Savory Ingredients Market. The Savory Ingredient market is segmented on the basis of type, application, source, forms, technology, and regions. The savory ingredient is cost-effective such as stabilizer, emulsifier, thickening agent and others in food products which also expected to fuel Savory Ingredients Market growth. Monosodium glutamate dominate market share in 2016, followed by hydrolyzed animal proteins. The yeast extracts segment is projected to grow at the highest CAGR during the forecast period. Liquid savory ingredients are gaining popularity due to increase in demand for soups and sauces.
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Regionally, North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa constitute the key market segments. North America is one of the leading markets for the Savory Ingredient market globally and is closely followed by Europe. The Asia Pacific region is expected to grow the fastest, having the highest CAGR.
The key players in Savory Ingredients Market for
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Table of content
1 Executive summary
2 Demographic overview
3 Research methodology
4 Premium insights
5 Market overview
6 Market factor analysis
7 Global market analysis by technology
8 Global market analysis by end user industry type
9 Global market analysis by region
10 Market trends & competitve analysis
11 Company profiles
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