The APAC savoury ingredients market is impacted by several factors including increasing adoption of savoury flavours, rising preference and demand for hydrolysed protein-based meat products, a growing inclination towards convenience food, and an awareness of the usage of yeast extracts in lieu of salt, which provide the same taste while ensuring a reduced sodium content at the same time.
A growing demand for instant food such as noodles and sauces containing savoury ingredients is expected to drive growth of the food application segment in markets across the globe. Also, an increasing application of hydrolysed vegetable protein in food products to cater to demands from health conscious consumers is a major factor expected to drive market growth. However, stringent government regulations on the use of monosodium glutamate may hamper the growth of the APAC savoury ingredients market.
The APAC savoury ingredients market is likely to witness some key trends in the forecast period. The most predominant trend is companies’ preference of natural savoury flavours and ingredients over artificial flavours. Several companies are also moving towards adoption of yeast extract in food, which imparts a salty and savoury flavour and also reduces bitterness.
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Of all the markets in the APAC region, China is the fastest growing market followed by markets in the ASEAN countries. The market in China is estimated to represent the highest value share of 35.1% in 2016 and is expected to register a CAGR of 6.6% in terms of revenue over the forecast period. The ASEAN market is likely to represent 25.4% value share by the end of 2016 and is anticipated to register the second-highest CAGR of 6.5% in terms of value over the forecast period.
The savoury ingredients market in India is expected to expand at a CAGR of 5.9% over the forecast period. The Japan savoury ingredients market is expected to grow at a CAGR of 4.5% over the forecast period.
The APAC region offers immense growth opportunities for companies operating in the savoury ingredients space. The primary reason for this is a growing demand for instant food such as noodles and savoury snacks in these markets, augmented by a substantial increase in the disposable income of people. Further, sales of savoury ingredients in these countries already accounts for a substantial revenue share of the APAC savoury ingredients market and revenue from these markets is expected to continue to increase significantly over the forecast period.
Leading companies operating in the APAC savoury ingredients market include
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Demand for APAC savoury ingredients is likely to grow at a CAGR of 5.9% through 2032.
Sales of APAC savoury ingredients is likely to exceed a valuation of US$ 11.99 Bn by 2032.
Adoption of APAC savoury ingredients is likely to reach a valuation of US$ 6.76 Bn in 2022.
Asia Pacific is the key APAC savoury ingredients market contributor.
1. APAC Savory Ingredients Market Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Market Definition
4.2. Market Taxonomy
5. Market Dynamics
5.1. Drivers
5.2. Restraints
5.3. Opportunity
6. Asia Pacific Savory Ingredients Market Analysis
6.1. Asia Pacific Savory Ingredients Market Analysis & Forecast, 2016–2026
6.1.1. Market Value Forecast
6.1.1.1. Y-o-Y Growth Projections
6.1.1.2. Absolute $ Opportunity
6.2. Market Trends
6.3. Asia Pacific Market Snapshot (2015)
6.3.1. Market Share By Region/Country
6.3.2. Market Share By Type
6.3.3. Market Share By Form
6.3.4. Market Share By Application
7. Asia Pacific Savory Ingredients Market Analysis, By Type
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis, By Type
7.2. Market Forecast By Type
7.2.1. Yeast Extract
7.2.1.1. Absolute $ Opportunity
7.2.2. Monosodium Glutamate
7.2.3. Hydrolyzed Vegetable Protein
7.2.4. Hydrolyzed Animal Protein
7.2.5. Nucleotides and Others
8. Asia Pacific Savory Ingredients Market Analysis, By Form
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis, By Form
8.2. Market Forecast By Form
8.2.1. Liquid
8.2.1.1. Absolute $ Opportunity
8.2.2. Powder
8.2.3. Paste
9. Asia Pacific Savory Ingredients Market Analysis, By Application
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis, By Application
9.2. Asia Pacific Savory Ingredients Market Analysis & Forecast By Application
9.2.1. Food
9.2.1.1. Absolute $ Opportunity
9.2.1.2. Market Analysis and Forecast By Sub-segments
9.2.1.2.1. Dips and soups
9.2.1.2.2. Instant Noodles & Sauces
9.2.1.2.3. Meat & Seafood
9.2.1.2.4. Bakery Products & savory snacks
9.2.2. Pet Food
9.2.3. Others
10. Asia Pacific Savory Ingredients Market Analysis, By Region/Country
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis, By Region/Country
10.2. Asia Pacific Savory Ingredients Market Analysis & Forecast By Region/Country
10.2.1. China
10.2.2. India
10.2.3. Japan
10.2.4. ASEAN
10.2.5. Australia and New Zealand
10.2.6. Rest of APAC
10.3. Asia Pacific Savory Ingredients Market Attractiveness Analysis By Region/Country
11. China Savory Ingredients Market Analysis
11.1. China Market Value, Y-o-Y Growth & Regional Trend
11.2. China Savory Ingredient Market Snapshot
11.2.1. Market Value
11.2.2. Absolute $ Opportunity
11.3. China Savory Ingredients Market Analysis & Forecast By Type
11.3.1. Yeast Extract
11.3.1.1. Absolute $ Opportunity
11.3.2. Monosodium Glutamate
11.3.3. Hydrolyzed Vegetable Protein
11.3.4. Hydrolyzed Animal Protein
11.3.5. Nucleotides and Others
11.4. China Savory Ingredients Market Analysis & Forecast By Form
11.4.1. Liquid
11.4.1.1. Absolute $ Opportunity
11.4.2. Powder
11.4.3. Paste
11.5. China Savory Ingredients Market Analysis & Forecast By Application
11.5.1. Food
11.5.1.1. Absolute $ Opportunity
11.5.1.2. Market Analysis and Forecast By Application Sub-segments
11.5.1.2.1. Dips and soups
11.5.1.2.2. Instant Noodles & Sauces
11.5.1.2.3. Meat & Seafood
11.5.1.2.4. Bakery Products & savory snacks
11.5.2. Pet Food
11.5.3. Others
11.6. China Savory Ingredients Market Attractiveness Analysis By Type, Form, Application
12. India Savory Ingredients Market Analysis
12.1. India Market Value, Y-o-Y Growth & Regional Trend
12.2. India Savory Ingredients Market Snapshot
12.2.1. Market Value
12.2.2. Absolute $ Opportunity
12.3. India Savory Ingredients Market Analysis & Forecast By Type
12.3.1. Yeast Extract
12.3.1.1. Absolute $ Opportunity
12.3.2. Monosodium Glutamate
12.3.3. Hydrolyzed Vegetable Protein
12.3.4. Hydrolyzed Animal Protein
12.3.5. Nucleotides and Others
12.4. India Savory Ingredients Market Analysis & Forecast By Form
12.4.1. Liquid
12.4.1.1. Absolute $ Opportunity
12.4.2. Powder
12.4.3. Paste
12.5. India Savory Ingredients Market Analysis & Forecast By Application
12.5.1. Food
12.5.1.1. Absolute $ Opportunity
12.5.1.2. Market Analysis and Forecast By Application Sub-segments
12.5.1.2.1. Dips and soups
12.5.1.2.2. Instant Noodles & Sauces
12.5.1.2.3. Meat & Seafood
12.5.1.2.4. Bakery Products & savory snacks
12.5.2. Pet Food
12.5.3. Others
12.6. India Savory Ingredients Market Attractiveness Analysis By Type, Form, Application
13. Japan Savory Ingredients Market Analysis
13.1. Japan Market Value, Y-o-Y Growth & Regional Trend
13.2. Japan Savory Ingredients Market Snapshot
13.2.1. Market Value
13.2.2. Absolute $ Opportunity
13.3. Japan Savory Ingredients Market Analysis & Forecast By Type
13.3.1. Yeast Extract
13.3.1.1. Absolute $ Opportunity
13.3.2. Monosodium Glutamate
13.3.3. Hydrolyzed Vegetable Protein
13.3.4. Hydrolyzed Animal Protein
13.3.5. Nucleotides and Others
13.4. Japan Savory Ingredients Market Analysis & Forecast By Form
13.4.1. Liquid
13.4.1.1. Absolute $ Opportunity
13.4.2. Powder
13.4.3. Paste
13.5. Japan Savory Ingredients Market Analysis & Forecast By Application
13.5.1. Food
13.5.1.1. Absolute $ Opportunity
13.5.1.2. Market Analysis and Forecast By Application Sub-segments
13.5.1.2.1. Dips and soups
13.5.1.2.2. Instant Noodles & Sauces
13.5.1.2.3. Meat & Seafood
13.5.1.2.4. Bakery Products & savory snacks
13.5.2. Pet Food
13.5.3. Others
13.6. Japan Savory Ingredients Market Attractiveness Analysis By Type, Form, Application
14. ASEAN Savory Ingredients Market Analysis
14.1. ASEAN Market Value, Y-o-Y Growth & Regional Trend
14.2. ASEAN Savory Ingredients Market Snapshot
14.2.1. Market Value
14.2.2. Absolute $ Opportunity
14.3. ASEAN Savory Ingredients Market Analysis & Forecast By Type
14.3.1. Yeast Extract
14.3.1.1. Absolute $ Opportunity
14.3.2. Monosodium Glutamate
14.3.3. Hydrolyzed Vegetable Protein
14.3.4. Hydrolyzed Animal Protein
14.3.5. Nucleotides and Others
14.4. ASEAN Savory Ingredients Market Analysis & Forecast By Form
14.4.1. Liquid
14.4.1.1. Absolute $ Opportunity
14.4.2. Powder
14.4.3. Paste
14.5. ASEAN Savory Ingredients Market Analysis & Forecast By Application
14.5.1. Food
14.5.1.1. Absolute $ Opportunity
14.5.1.2. Market Analysis and Forecast By Application Sub-segments
14.5.1.2.1. Dips and soups
14.5.1.2.2. Instant Noodles & Sauces
14.5.1.2.3. Meat & Seafood
14.5.1.2.4. Bakery Products & savory snacks
14.5.2. Pet Food
14.5.3. Others
14.6. ASEAN Savory Ingredients Market Attractiveness Analysis By Type, Form, Application
15. Australia & New Zealand Savory Ingredients Market Analysis
15.1. Australia & New Zealand Market Value, Y-o-Y Growth & Regional Trend
15.2. Australia & New Zealand Savory Ingredients Market Snapshot
15.2.1. Market Value
15.2.2. Absolute $ Opportunity
15.3. Australia & New Zealand Savory Ingredients Market Analysis & Forecast By Type
15.3.1. Yeast Extract
15.3.1.1. Absolute $ Opportunity
15.3.2. Monosodium Glutamate
15.3.3. Hydrolyzed Vegetable Protein
15.3.4. Hydrolyzed Animal Protein
15.3.5. Nucleotides and Others
15.4. Australia & New Zealand Savory Ingredients Market Analysis & Forecast By Form
15.4.1. Liquid
15.4.1.1. Absolute $ Opportunity
15.4.2. Powder
15.4.3. Paste
15.5. Australia & New Zealand Savory Ingredients Market Analysis & Forecast By Application
15.5.1. Food
15.5.1.1. Absolute $ Opportunity
15.5.1.2. Savory Ingredients Market Analysis and Forecast By Application Sub-segments
15.5.1.2.1. Dips and soups
15.5.1.2.2. Instant Noodles & Sauces
15.5.1.2.3. Meat & Seafood
15.5.1.2.4. Bakery Products & savory snacks
15.5.2. Pet Food
15.5.3. Others
15.6. Australia & New Zealand Savory Ingredients Market Attractiveness Analysis By Type, Form, Application
16. Rest of APAC Market Analysis
16.1. Rest of APAC Market Value, Y-o-Y Growth & Regional Trend
16.2. Rest of APAC Savory Ingredients Market Snapshot
16.2.1. Market Value
16.2.2. Absolute $ Opportunity
16.3. Rest of APAC Savory Ingredients Market Analysis & Forecast By Type
16.3.1. Yeast Extract
16.3.1.1. Absolute $ Opportunity
16.3.2. Monosodium Glutamate
16.3.3. Hydrolyzed Vegetable Protein
16.3.4. Hydrolyzed Animal Protein
16.3.5. Nucleotides and Others
16.4. Rest of APAC Savory Ingredients Market Analysis & Forecast By Form
16.4.1. Liquid
16.4.1.1. Absolute $ Opportunity
16.4.2. Powder
16.4.3. Paste
16.5. Rest of APAC Savory Ingredients Market Analysis & Forecast By Application
16.5.1. Food
16.5.1.1. Absolute $ Opportunity
16.5.1.2. Market Analysis and Forecast By Application Sub-segments
16.5.1.2.1. Dips and soups
16.5.1.2.2. Instant Noodles & Sauces
16.5.1.2.3. Meat & Seafood
16.5.1.2.4. Bakery Products & savory snacks
16.5.2. Pet Food
16.5.3. Others
16.6. Rest of APAC Savory Ingredients Market Attractiveness Analysis By Type, Form, Application
17. Competition Landscape
17.1. Competition Dashboard
17.2. Company Profiles
17.2.1. Angel Yeast Co., Ltd
17.2.1.1. Company Details
17.2.1.2. Company Description
17.2.1.3. Presence in Geography
17.2.1.4. Products Offerings
17.2.1.5. Key Strategies
17.2.1.6. SWOT
17.2.1.7. Key Developments
17.2.2. AB Mauri Food Inc.
17.2.3. Ajinomoto Co., Inc.
17.2.4. Foodchem International Corporation
17.2.5. The Fufeng Group
17.2.6. Halcyon Proteins
17.2.7. Sensient Technologies Corporation
17.2.8. Royal DSM
17.2.9. Lesaffre (Biospringer)
17.2.10. ABF Ingredients (Ohly)
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APAC Savoury Ingredients Market
