Asia Pacific Savory Ingredients Market Size & Outlook
Asia Pacific savory ingredients market highlights
- The Asia Pacific savory ingredients market generated a revenue of USD 7,403.3 million in 2022.
- The market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In terms of segment, yeast extracts was the largest revenue generating product in 2022.
- Yeast Extracts is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2022 | USD 7,403.3 million |
| Market revenue in 2030 | USD 11,253.2 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Yeast extracts |
| Fastest growing segment | Yeast Extracts |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Yeast Extracts |
| Key market players worldwide | Angel Yeast, Vedan International Holdings, Sensient Technologies Corp, Givaudan SA, Tate & Lyle PLC, Lesaffre, Symrise AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 70.5% of the global savory ingredients market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,253.2 million by 2030.
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Savory Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Vedan International Holdings | View profile | 1001-5000 | Central, Hong Kong Island, Hong Kong, Asia | http://www.vedaninternational.com |
| Angel Yeast | View profile | 10001+ | Yichang, Hubei, China, Asia | https://en.angelyeast.com/ |
| Lesaffre | View profile | 5001-10000 | Marcq-en-baroeul, Nord-Pas-de-Calais, France, Europe | http://www.lesaffre.com/ |
| Givaudan SA | View profile | 16263 | Chemin de la Parfumerie 5, Vernier, Switzerland, 1214 | https://www.givaudan.com |
| Symrise AG | View profile | 12435 | Muhlenfeldstrasse 1, Holzminden, ST, Germany, 37603 | https://www.symrise.com |
| Tate & Lyle PLC | View profile | 4591 | 5 Marble Arch, London, United Kingdom, W1H 7EJ | https://www.tateandlyle.com |
| Sensient Technologies Corp | View profile | 3956 | 777 East Wisconsin Avenue, Milwaukee, WI, United States, 53202-5304 | https://www.sensient.com |
Asia Pacific savory ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to savory ingredients market will help companies and investors design strategic landscapes.
Yeast extracts was the largest segment with a revenue share of 100% in 2022. Horizon Databook has segmented the Asia Pacific savory ingredients market based on yeast extracts covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of savory ingredients market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific savory ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific savory ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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