During the 10 years 2016–2026, the APAC savory ingredients market is expected to grow at a robust 5.8% CAGR. Future Market Insights analyses the industry for savory ingredients in major countries in the APAC region and offers critical insights on the factors and trends impacting the market in a new report titled “Savory Ingredients Market: APAC Industry Analysis and Opportunity Assessment 2016-2026.”
For enterprises in the savory ingredients market, the APAC region offers tremendous growth potential. The fundamental cause for development is a growing demand in these markets for instant foods like noodles and savory snacks, which is fueled by a significant increase in people’s disposable income. Savory ingredient sales in these nations now account for a large revenue portion of the APAC savory ingredients market, and revenue from these markets is predicted to grow significantly during the forecast period.
Savory flavors are becoming more popular in APAC countries, and the area also has a growing preference for and need for hydrolyzed protein-based meat products. There’s also an increasing trend toward convenience foods, as well as awareness of the benefits of using yeast extracts instead of salt, which provide the same taste while lowering dietary sodium. All of these factors have contributed to the APAC savory ingredients market’s expansion. Government limits on the usage of monosodium glutamate (MSG) may, however, stifle the APAC savory ingredients market’s expansion. Natural savory flavors and components are increasingly preferred by APAC companies over artificial flavors and substances. Yeast extract, which provides a salty and savory flavor while reducing bitterness, is also being used in food by several companies.
Angel Yeast Co. Ltd., AB Mauri Food Inc., Ajinomoto Co. Inc., FOOD CHEM International Corporation, The Fufeng Group, Halcyon Proteins, Sensient Technologies Corporation, Royal DSM, Lesaffre (Biospringer), and ABF Ingredients are among the market’s leading companies (Ohly).