Industry researcher projects nearly $13.3 billion in global sales of savory ingredients by 2019.
The global market for savory, flavor-enhancing ingredients is projected to grow at a healthy CAGR of 5.7% between 2014-2019 and reach $13.295 billion by 2019. That’s the latest prediction from MarketsandMarkets , a global research firm. The Dallas firm just released, "Savory Ingredients Market by Ingredients (Yeast Extracts, HVP, HAP, MSG, Nucleotides and Others), by Application (Food Industry, Pet Food and Others) & by Geography -Global Trends & Forecasts to 2019.”
Officials say the report defines and segments the savory ingredients market with analyses and projections of the market size, in terms of value and volume. The market has been segmented on the basis of types and applications of savory ingredients. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and the market size is forecasted on the basis of key regions, including North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW). The key countries are covered with the market size and trends projected for each region.