The global savoury ingredients market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period (2023–2030). Demand for plant-based meat such as soy, peas, wheat, or mushrooms has increased the consumption of savory ingredients such as monosodium glutamate (MSG), and yeast extract incorporating umami-rich ingredients into plant-based meat that can improve its flavor and tastes similar to a real meat. According to Plant Based Food Association, after years of exponential growth, powered by substantial investment and brand innovation, the plant-based meat category is hitting a point of maturation across retail and foodservice channels. Reaching a record 46% U.S. retail sales growth in 2020 over 2019, plant-based meat has held firm in dollar sales.
Browse the full report description of “Savory Ingredients Market Size, Share & Trends Analysis Report by Type (Yeast Extract, Starch, Protein, Monosodium Glutamate, Nucleotides, and Others), by Source (Natural, and Synthetic), and by Form (Liquid, Powder, and Others) for the Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/savory-ingredients-market
According to Food Industry Executive, in 2022, plant-based meat dollar sales remained remarkably stable at $1.4 billion, decreasing slightly by 1.2%. Consumers are committed to incorporating plant-based meat into their diets, with 17.5% of households purchasing plant-based meat and a hefty 62.5% repeating their purchases. This indicates that consumers are responding to the growing availability and diversity of plant-based meat types entering the market and their loyalty speaks to the potential for consistent future growth. Plant-based meat sales have grown, with frozen options accounting for 63%. Health is a major driver for consumers, so brands are offering burgers with less fat and clean-label steak. The category is expanding to include chicken, nuggets, wings, deli slices, fillets, crumbles, and plant-based seafood. Plant-based meats, such as beef, tofu, and veggie-forward products, continue to be popular in both retail and foodservice, with sales of plant-based meat growing 8% to $304 million in 2022. Plant-based chicken and seafood are particularly popular due to their high year-over-year growth in pound sales. Operators are increasingly adding plant-based meats to their menus in response to consumer demand.
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Source
o By Form
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Abf Ingredients Ltd, Angel Yeast Co., Ltd., Archer Daniel Midland Co. (ADM), Associated British Foods Plc, CB Information Services, Inc, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Savory Ingredients Market Report Segment
By Type
By Source
By Form
Global Savory Ingredients Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
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