Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.5 Billion | USD 15.21 Billion | 4.59% | 2021 |
FrequentlyAsked Questions
The global savory ingredients market is projected to grow owing to the change in eating habits amongst the end-consumers. There are multiple perks associated with the rampant modernization that can be witnessed from known to remote locations. It has allowed people access to products and services that were unknown to them until some years ago.
According to study, the global savory ingredients market size was worth around USD 9.5 billion in 2021 and is predicted to grow to around USD 15.21 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.59% between 2022 and 2030.
The global savory ingredients market is projected to witness the highest growth in North America due to the presence of some of the key players in the United States. Pringles, one of the fastest-selling savory food brands, is owned by Kellogg’s which is headquartered in the US. In 2021, the parent company registered a revenue of USD 14.181 billion as per Macrotrends, which was a jump of 2.9% from 2020.
The global savory ingredients market is home to players like Koninklijke Dsm N.V., Diana Group, Givaudan, Vedan International (Holdings) Limited, Tate & Lyle PLC, and Sensient Technologies Corporation amongst other key corporations.
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