Savory Ingredients Market: By Type (Monosodium glutamate, Hydrolyzed vegetable proteins, Hydrolyzed animal proteins, Nucleotides, Other Types) By Origin (Synthetic, Natural) By Form (Powder, Liquid, Other Forms)  By Application (Food, Prepared meals, Snacks, Other food applications) and Geography

Savory Ingredients Market size was valued at USD 7,648.2 million in 2022 and is expected to grow at a significant CAGR of 7.7% from 2023 to 2029. The global market provides a detailed overview of the Savory Ingredients Market and that can be segmented by Type, Origin, Form, and Application. By type, the Savory ingredients market has been segmented into Monosodium glutamate, Hydrolysed vegetable proteins, Hydrolysed animal proteins, Nucleotides, and Others. The Monosodium glutamate segment is likely to be the largest and fastest-growing segment in terms of type. Based on origin, the Savory Ingredients market is segmented into Synthetic, Natural.  Among these, the natural segment is expected to have the fastest-growing market during the forecast period. Based on form, the savory ingredients market is segmented into Powder, Liquid, and Other Forms. Powder is expected to dominate the market in the future. Based on application analysis, the market has been segmented into Food, Prepared meals, Snacks, and Other food applications. The food segment is expected to grow at the highest CAGR over the forecast years according to Precision Business Insights.

Savory Ingredients Market Key Development:

• In March 2020, Kerry Group set up new regional development and food manufacturing facility in Georgia, Rome. This new establishment would help the company to serve its customer base in Europe, increase its production capacity, and expand its geographic reach.