Product Code: ETC4540105 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India savory ingredients market import shipment demonstrated robust growth with a CAGR of 16.5% from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024, with a decrease of -2.8%. Overall, the market expanded significantly but showed a slight deceleration in the most recent period.
The India savory ingredients market is expanding in response to the evolving culinary preferences of consumers who seek diverse and flavorful options. Savory ingredients, including herbs, spices, flavor enhancers, and seasoning blends, are integral components of India cuisine and are gaining recognition in various processed foods. The market`s growth is attributed to consumers` desire for authentic and globally inspired savory flavors, influencing food product development. Additionally, the popularity of ready-to-eat and convenience foods is propelling the use of savory ingredients, offering consumers a wide range of savory choices.
The India savory ingredients market is expanding due to several driving factors. Firstly, changing consumer preferences and dietary habits have led to an increased demand for savory and umami flavors in various food products. Savory ingredients, such as spices, herbs, and flavor enhancers, are essential for achieving these taste profiles. The market benefits from the evolving food culture in India, where consumers are increasingly seeking convenience and flavor-rich options. Furthermore, the growth of the processed food industry in the country has bolstered the demand for savory ingredients as they play a crucial role in enhancing the taste and appeal of ready-to-eat and convenience food products. The use of savory ingredients also aligns with the trend of global flavor fusion, as India cuisine adapts and incorporates various international flavors, creating diverse and appealing food options. These factors, combined with innovations in flavor technology and culinary trends, are key drivers of the India savory ingredients market.
The savory ingredients market in India faces challenges in adapting to changing consumer preferences and dietary trends. Meeting the demand for clean-label and natural ingredients while maintaining the desired taste and flavor in savory products is a constant challenge. Additionally, the market must address concerns related to food safety and traceability, especially in products like seasonings and flavor enhancers. Balancing cost considerations with quality and sustainability is another challenge that manufacturers need to tackle.
The savory ingredients market adjusted to changes in consumer behavior and the food industry`s evolving needs. Demand for flavor enhancers and seasoning blends fluctuated.
The India savory ingredients market is influenced by key players like DS Group, Symega Food Ingredients Ltd., and International Flavors & Fragrances India Pvt. Ltd. These companies specialize in producing and supplying a range of savory ingredients and flavorings for the food industry. Their continuous efforts in research and development, along with their diverse product portfolios, have shaped the market and its offerings.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Savory Ingredients Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Savory Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 India Savory Ingredients Market - Industry Life Cycle |
3.4 India Savory Ingredients Market - Porter's Five Forces |
3.5 India Savory Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Savory Ingredients Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Savory Ingredients Market Revenues & Volume Share, By Origin, 2021 & 2031F |
4 India Savory Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for convenience food products in India |
4.2.2 Growing awareness about health benefits of savory ingredients |
4.2.3 Rise in disposable income leading to higher spending on food products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of key savory ingredients |
4.3.2 Stringent regulations and quality standards in the food industry |
4.3.3 Competition from substitute products in the market |
5 India Savory Ingredients Market Trends |
6 India Savory Ingredients Market, By Types |
6.1 India Savory Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Savory Ingredients Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Savory Ingredients Market Revenues & Volume, By Monosodium Glutamate, 2021-2031F |
6.1.4 India Savory Ingredients Market Revenues & Volume, By Yeast Extracts, 2021-2031F |
6.1.5 India Savory Ingredients Market Revenues & Volume, By HVPs, 2021-2031F |
6.1.6 India Savory Ingredients Market Revenues & Volume, By HAPs, 2021-2031F |
6.1.7 India Savory Ingredients Market Revenues & Volume, By Nucleotides, 2021-2031F |
6.1.8 India Savory Ingredients Market Revenues & Volume, By Other Types, 2021-2031F |
6.2 India Savory Ingredients Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Savory Ingredients Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 India Savory Ingredients Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 India Savory Ingredients Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Savory Ingredients Market, By Origin |
6.3.1 Overview and Analysis |
6.3.2 India Savory Ingredients Market Revenues & Volume, By Natural , 2021-2031F |
6.3.3 India Savory Ingredients Market Revenues & Volume, By Synthetic, 2021-2031F |
7 India Savory Ingredients Market Import-Export Trade Statistics |
7.1 India Savory Ingredients Market Export to Major Countries |
7.2 India Savory Ingredients Market Imports from Major Countries |
8 India Savory Ingredients Market Key Performance Indicators |
8.1 Consumer preferences and trends towards savory ingredients |
8.2 Innovation and introduction of new savory ingredient products |
8.3 Adoption rate of savory ingredients in traditional Indian dishes |
9 India Savory Ingredients Market - Opportunity Assessment |
9.1 India Savory Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Savory Ingredients Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Savory Ingredients Market Opportunity Assessment, By Origin, 2021 & 2031F |
10 India Savory Ingredients Market - Competitive Landscape |
10.1 India Savory Ingredients Market Revenue Share, By Companies, 2024 |
10.2 India Savory Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |