Key Players in the Savory Ingredients Market Adopting New Strategies to Increase Their Market Presence

Posted on 2021-09-13 by MarketsandMarkets in Food & Beverage // 0 Comments

The Savory Ingredients Market is estimated to be valued at USD 7.2 billion in 2020 and is projected to reach USD 9.3 billion by 2025, recording a CAGR of 5.2%. The increasing demand for processed and convenience food with blends of savory flavors drives the market growth for savory ingredients.

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Key players in this market include Ajinomoto Co., Inc. (Japan), Koninklijke DSM N.V. (Netherlands), Kerry Group PLC (Ireland), Tate & Lyle PLC (UK), AngelYeast Co., Ltd. (China), Givaudan (Switzerland), Lesaffre Group (France), ADM (US), Symrise (Germany), Synergy Flavors (US), Cargill (US), Sensient Technologies Corporation (US), ABF Ingredients (OHLY) (Germany), Vinayak Ingredients India Pvt Ltd. (India), Vedan International (Holdings) Limited (Hong Kong), The Fufeng Group (China), Meihua Holdings Group Co., Ltd. (China), Halcyon Proteins (Australia), Food Chem International (China), and Novozymes (Denmark).

Ajinomoto Co., Inc. (Japan) is a key supplier, offering food products with savory flavors. Its focus is on becoming a specialty savory ingredient company, by growing sustainably via incorporating new foundational platforms into its technologies. It pursues competitive superiority by creating new demand and developing high-value-added and customized products based on client requirements.

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Kerry Group PLC (Ireland) is a public registered company headquartered in Ireland and one of the leading developers, manufacturers, and distributors of savory ingredients. The company works in collaboration with brands, retailers, and packaging manufacturers to design circular economy solutions to maintain its market position.

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