Asia Pacific Savoury Ingredients Market to reach US$ 8.8 Bn by 2026 FMI | Página 3

Report
Description
Report Description
The APAC savoury ingredients market is projected to register a healthy CAGR of 5.8% during a
10-year period 2016–2026. In a new report titled “Savoury Ingredients Market: APAC Industry
Analysis and Opportunity Assessment 2016-2026”, Future Market Insights analyses the market
for savoury ingredients in major countries in the APAC region and offers key insights on the
factors and trends influencing the market.
The APAC region provides immense growth opportunities for companies operating in the
savoury ingredients space. The primary reason for this is a growing demand for instant food
such as noodles and savoury snacks in these markets, and this demand is supported by a
substantial increase in the disposable income of people. Sales of savoury ingredients in these
countries already accounts for a substantial revenue share of the APAC savoury ingredients
market and revenue from these markets is expected to continue to increase significantly over
the forecast period.
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There is an increasing adoption of savoury flavours in the APAC countries and the region also
demonstrates a growing preference and demand for hydrolysed protein-based meat products.
There is also a growing inclination towards convenience food and an awareness of the usage of
yeast extracts in lieu of salt, which provide the same taste while ensuring a reduced dietary
sodium content at the same time. All these factors have contributed to the growth of the APAC
savoury ingredients market. However, stringent government regulations on the use of
monosodium glutamate (MSG) may hamper the growth of the APAC savoury ingredients market.