Savory Ingredients Market Size (2021-2031) and Regional Overview
The savory ingredients market is expected to register a CAGR of ~5% during 2023–2031. Growing demand for natural and clean-label products are likely to remain a key trend in the market.
Savory Ingredients Market Analysis
- The market is mainly driven by the rising demand for packaged ready-to-eat foodstuffs. This can be attributed to the shifting dietary preferences, chaotic schedules led by the increased population and the inflating disposable income levels, which have further led to the widespread demand for convenience foods across the world.
- Moreover, the shifting demand of consumers towards buying clean label and natural products due to the growing awareness about the harmful effects of artificial ingredients is also positively impacting the market.
- Furthermore, several key players are severely investing in the introduction of improved product alternates with better taste to meet the varying consumer preferences.
- The demand is anticipated to upsurge in the upcoming years due to the increasing interest in pastry kitchen stuffs. Developments in the savory ingredients industry are also likely to positively influence the global savory ingredients market.
Savory Ingredients Market Overview
- Savory ingredients including condiments, seasonings, flavour enhancers, and chips and crackers are vital elements that contribute to the flavour of a variety of foods, including frozen dinners, frozen snacks, and instant noodles.
- The growing number of health-conscious customers who choose low-fat foods in their diet is driving the market growth for savory ingredients.
- Additionally, due to rising urbanization, there has been a considerable upsurge in the popularity of East Asian foods worldwide, wherein savory ingredients form a vital part of food preparation.
- Some of the other factors driving the market growth include favourable regulatory supports and the mounting demand for bakery products among people.
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Savory Ingredients Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Savory Ingredients Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Savory Ingredients Market Drivers and Opportunities
Rising Demand for Packaged Instant Food Products
- The fast-paced lifestyles and desire for convenient, ready-to-eat meals have resulted in a higher consumer demand for packaged instant food products.
- These products utilize savory ingredients to elevate their flavour and create the savory profiles that consumers crave.
- Ready meals, snacks, and soups, among others, heavily depend on these savory ingredients to achieve their desired taste profiles.
- The convenience and simplicity of preparing packaged instant food products have contributed to their increased popularity, consequently driving the growth of the savory ingredients market.
Increasing Popularity of Convenience Food Products
- Convenience food products have become increasingly popular among consumers due to their ease and speed of preparation.
- These products provide quick and convenient meal solutions that cater to the busy lifestyles of individuals. Savory ingredients play a vital role in elevating the flavour and taste of convenience food items, making them more enticing to consumers.
- As a result, there has been a rise in the usage of savory ingredients in the production of these food products.
- Given that consumers continue to seek convenient and time-saving food options, the demand for savory ingredients is expected to continue growing in the future.
Savory Ingredients Market Report Segmentation Analysis
Key segments that contributed to the derivation of the savory ingredients market analysis are deployment type and enterprise size.
- Based on type, the savory ingredients market is divided into monosodium, glutamate, yeast extracts, HVPS, HAPs, and nucleotides.
- On the basis of form, the market is divided into powder and liquid.
- Based on application, the market is divided into food and feed.
Savory Ingredients Market Share Analysis by Geography
- Savory Ingredients Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering savory ingredients market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the savory ingredients market in these regions.
Savory Ingredients Market Report Scope
Savory Ingredients Market News and Recent Developments
The savory ingredients market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the savory ingredients market are listed below:
- Ajinomoto Co., Inc. announced today a global partnership agreement with esteemed Japan Para Swimming National Team athlete, Takayuki Suzuki. A seasoned competitor, Suzuki has graced five consecutive Paralympic Games, securing 10 medals, including two golds. Under the terms of this agreement, Ajinomoto will extend nutritional support to Suzuki, which includes the provision of the Ajinomoto Group's wide range of products. These include food items (seasonings, sweeteners, soups, etc.), amino acid-containing dietary supplements under the "aminoVital®" brand (powders, tablets, jelly drinks), frozen foods, and coffee beans. Through these offerings, Ajinomoto aims to fuel Suzuki's performance as he continues to make strides in his athletic career. (Source: Ajinomoto Co., Inc, Company Website, May 2024).
- To foster environmental preservation and sustainability, Cargill and the Global Water Challenge (GWC), a non-profit organization, today announced a ‘Holistic Rural Development’ project in Bhimsar village in Kandla, Gujarat. Together they have embarked on a transformative afforestation project covering 7.5 acres of land over three years in Bhimsar that will protect the biodiversity of plants, allowing sustenance of ecosystems. This project will be instrumental in improving soil quality, improved water table besides air quality improvement in Bhimsar and surrounding areas. Anarde Foundation, an NGO in Gujarat, as the implementation partner, will be planting and maintaining 3000 saplings throughout the project duration of three years. (Source: Company Website, Cargill, Incorporated, October 2023)
Savory Ingredients Market Report Coverage and Deliverables
The “Savory Ingredients Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Savory ingredients market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Savory ingredients market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Savory ingredients market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the savory ingredients market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global savory ingredients market is expected to grow at a CAGR of ~5% during the forecast period 2023 - 2031.
rising demand for packaged instant food products is one of the major factors driving the savory ingredients market.
Growing demand for natural and clean-label products is anticipated to play a significant role in the global savory ingredients market in the coming years.
The leading players operating in the savory ingredients market are Givaudan, Lesaffre Group, ADM, Ajinomoto Co., Inc., Kerry Group plc, Ingredion Incorporated, Sensient Technologies Corporation, Associated British Foods plc, Symrise, and Cargill, Incorporated.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Savory Ingredients Market - By Type
1.3.2 Savory Ingredients Market - By Origin
1.3.3 Savory Ingredients Market - By Form
1.3.4 Savory Ingredients Market - By Application
1.3.5 Savory Ingredients Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SAVORY INGREDIENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SAVORY INGREDIENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SAVORY INGREDIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. SAVORY INGREDIENTS - GLOBAL MARKET OVERVIEW
6.2. SAVORY INGREDIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SAVORY INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MONOSODIUM GLUTAMATE
7.3.1. Overview
7.3.2. Monosodium glutamate Market Forecast and Analysis
7.4. HYDROLYZED VEGETABLE PROTEINS
7.4.1. Overview
7.4.2. Hydrolyzed vegetable proteins Market Forecast and Analysis
7.5. HYDROLYZED ANIMAL PROTEINS
7.5.1. Overview
7.5.2. Hydrolyzed animal proteins Market Forecast and Analysis
7.6. NUCLEOTIDES
7.6.1. Overview
7.6.2. Nucleotides Market Forecast and Analysis
7.7. OTHER TYPES
7.7.1. Overview
7.7.2. Other types Market Forecast and Analysis
8. SAVORY INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - ORIGIN
8.1. OVERVIEW
8.2. ORIGIN MARKET FORECASTS AND ANALYSIS
8.3. SYNTHETIC
8.3.1. Overview
8.3.2. Synthetic Market Forecast and Analysis
8.4. NATURAL
8.4.1. Overview
8.4.2. Natural Market Forecast and Analysis
9. SAVORY INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
9.1. OVERVIEW
9.2. FORM MARKET FORECASTS AND ANALYSIS
9.3. POWDER
9.3.1. Overview
9.3.2. Powder Market Forecast and Analysis
9.4. LIQUID
9.4.1. Overview
9.4.2. Liquid Market Forecast and Analysis
9.5. OTHER FORMS
9.5.1. Overview
9.5.2. Other forms Market Forecast and Analysis
10. SAVORY INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. FOOD
10.3.1. Overview
10.3.2. Food Market Forecast and Analysis
10.4. PREPARED MEALS
10.4.1. Overview
10.4.2. Prepared meals Market Forecast and Analysis
10.5. SNACKS
10.5.1. Overview
10.5.2. Snacks Market Forecast and Analysis
10.6. FEED
10.6.1. Overview
10.6.2. Feed Market Forecast and Analysis
10.7. OTHER FOOD APPLICATIONS
10.7.1. Overview
10.7.2. Other food applications Market Forecast and Analysis
11. SAVORY INGREDIENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Savory Ingredients Market Overview
11.1.2 North America Savory Ingredients Market Forecasts and Analysis
11.1.3 North America Savory Ingredients Market Forecasts and Analysis - By Type
11.1.4 North America Savory Ingredients Market Forecasts and Analysis - By Origin
11.1.5 North America Savory Ingredients Market Forecasts and Analysis - By Form
11.1.6 North America Savory Ingredients Market Forecasts and Analysis - By Application
11.1.7 North America Savory Ingredients Market Forecasts and Analysis - By Countries
11.1.7.1 United States Savory Ingredients Market
11.1.7.1.1 United States Savory Ingredients Market by Type
11.1.7.1.2 United States Savory Ingredients Market by Origin
11.1.7.1.3 United States Savory Ingredients Market by Form
11.1.7.1.4 United States Savory Ingredients Market by Application
11.1.7.2 Canada Savory Ingredients Market
11.1.7.2.1 Canada Savory Ingredients Market by Type
11.1.7.2.2 Canada Savory Ingredients Market by Origin
11.1.7.2.3 Canada Savory Ingredients Market by Form
11.1.7.2.4 Canada Savory Ingredients Market by Application
11.1.7.3 Mexico Savory Ingredients Market
11.1.7.3.1 Mexico Savory Ingredients Market by Type
11.1.7.3.2 Mexico Savory Ingredients Market by Origin
11.1.7.3.3 Mexico Savory Ingredients Market by Form
11.1.7.3.4 Mexico Savory Ingredients Market by Application
11.2. EUROPE
11.2.1 Europe Savory Ingredients Market Overview
11.2.2 Europe Savory Ingredients Market Forecasts and Analysis
11.2.3 Europe Savory Ingredients Market Forecasts and Analysis - By Type
11.2.4 Europe Savory Ingredients Market Forecasts and Analysis - By Origin
11.2.5 Europe Savory Ingredients Market Forecasts and Analysis - By Form
11.2.6 Europe Savory Ingredients Market Forecasts and Analysis - By Application
11.2.7 Europe Savory Ingredients Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Savory Ingredients Market
11.2.7.1.1 Germany Savory Ingredients Market by Type
11.2.7.1.2 Germany Savory Ingredients Market by Origin
11.2.7.1.3 Germany Savory Ingredients Market by Form
11.2.7.1.4 Germany Savory Ingredients Market by Application
11.2.7.2 France Savory Ingredients Market
11.2.7.2.1 France Savory Ingredients Market by Type
11.2.7.2.2 France Savory Ingredients Market by Origin
11.2.7.2.3 France Savory Ingredients Market by Form
11.2.7.2.4 France Savory Ingredients Market by Application
11.2.7.3 Italy Savory Ingredients Market
11.2.7.3.1 Italy Savory Ingredients Market by Type
11.2.7.3.2 Italy Savory Ingredients Market by Origin
11.2.7.3.3 Italy Savory Ingredients Market by Form
11.2.7.3.4 Italy Savory Ingredients Market by Application
11.2.7.4 Spain Savory Ingredients Market
11.2.7.4.1 Spain Savory Ingredients Market by Type
11.2.7.4.2 Spain Savory Ingredients Market by Origin
11.2.7.4.3 Spain Savory Ingredients Market by Form
11.2.7.4.4 Spain Savory Ingredients Market by Application
11.2.7.5 United Kingdom Savory Ingredients Market
11.2.7.5.1 United Kingdom Savory Ingredients Market by Type
11.2.7.5.2 United Kingdom Savory Ingredients Market by Origin
11.2.7.5.3 United Kingdom Savory Ingredients Market by Form
11.2.7.5.4 United Kingdom Savory Ingredients Market by Application
11.2.7.6 Russia Savory Ingredients Market
11.2.7.6.1 Russia Savory Ingredients Market by Type
11.2.7.6.2 Russia Savory Ingredients Market by Origin
11.2.7.6.3 Russia Savory Ingredients Market by Form
11.2.7.6.4 Russia Savory Ingredients Market by Application
11.2.7.7 Rest of Europe Savory Ingredients Market
11.2.7.7.1 Rest of Europe Savory Ingredients Market by Type
11.2.7.7.2 Rest of Europe Savory Ingredients Market by Origin
11.2.7.7.3 Rest of Europe Savory Ingredients Market by Form
11.2.7.7.4 Rest of Europe Savory Ingredients Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Savory Ingredients Market Overview
11.3.2 Asia-Pacific Savory Ingredients Market Forecasts and Analysis
11.3.3 Asia-Pacific Savory Ingredients Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Savory Ingredients Market Forecasts and Analysis - By Origin
11.3.5 Asia-Pacific Savory Ingredients Market Forecasts and Analysis - By Form
11.3.6 Asia-Pacific Savory Ingredients Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Savory Ingredients Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Savory Ingredients Market
11.3.7.1.1 Australia Savory Ingredients Market by Type
11.3.7.1.2 Australia Savory Ingredients Market by Origin
11.3.7.1.3 Australia Savory Ingredients Market by Form
11.3.7.1.4 Australia Savory Ingredients Market by Application
11.3.7.2 China Savory Ingredients Market
11.3.7.2.1 China Savory Ingredients Market by Type
11.3.7.2.2 China Savory Ingredients Market by Origin
11.3.7.2.3 China Savory Ingredients Market by Form
11.3.7.2.4 China Savory Ingredients Market by Application
11.3.7.3 India Savory Ingredients Market
11.3.7.3.1 India Savory Ingredients Market by Type
11.3.7.3.2 India Savory Ingredients Market by Origin
11.3.7.3.3 India Savory Ingredients Market by Form
11.3.7.3.4 India Savory Ingredients Market by Application
11.3.7.4 Japan Savory Ingredients Market
11.3.7.4.1 Japan Savory Ingredients Market by Type
11.3.7.4.2 Japan Savory Ingredients Market by Origin
11.3.7.4.3 Japan Savory Ingredients Market by Form
11.3.7.4.4 Japan Savory Ingredients Market by Application
11.3.7.5 South Korea Savory Ingredients Market
11.3.7.5.1 South Korea Savory Ingredients Market by Type
11.3.7.5.2 South Korea Savory Ingredients Market by Origin
11.3.7.5.3 South Korea Savory Ingredients Market by Form
11.3.7.5.4 South Korea Savory Ingredients Market by Application
11.3.7.6 Rest of Asia-Pacific Savory Ingredients Market
11.3.7.6.1 Rest of Asia-Pacific Savory Ingredients Market by Type
11.3.7.6.2 Rest of Asia-Pacific Savory Ingredients Market by Origin
11.3.7.6.3 Rest of Asia-Pacific Savory Ingredients Market by Form
11.3.7.6.4 Rest of Asia-Pacific Savory Ingredients Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Savory Ingredients Market Overview
11.4.2 Middle East and Africa Savory Ingredients Market Forecasts and Analysis
11.4.3 Middle East and Africa Savory Ingredients Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Savory Ingredients Market Forecasts and Analysis - By Origin
11.4.5 Middle East and Africa Savory Ingredients Market Forecasts and Analysis - By Form
11.4.6 Middle East and Africa Savory Ingredients Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Savory Ingredients Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Savory Ingredients Market
11.4.7.1.1 South Africa Savory Ingredients Market by Type
11.4.7.1.2 South Africa Savory Ingredients Market by Origin
11.4.7.1.3 South Africa Savory Ingredients Market by Form
11.4.7.1.4 South Africa Savory Ingredients Market by Application
11.4.7.2 Saudi Arabia Savory Ingredients Market
11.4.7.2.1 Saudi Arabia Savory Ingredients Market by Type
11.4.7.2.2 Saudi Arabia Savory Ingredients Market by Origin
11.4.7.2.3 Saudi Arabia Savory Ingredients Market by Form
11.4.7.2.4 Saudi Arabia Savory Ingredients Market by Application
11.4.7.3 U.A.E Savory Ingredients Market
11.4.7.3.1 U.A.E Savory Ingredients Market by Type
11.4.7.3.2 U.A.E Savory Ingredients Market by Origin
11.4.7.3.3 U.A.E Savory Ingredients Market by Form
11.4.7.3.4 U.A.E Savory Ingredients Market by Application
11.4.7.4 Rest of Middle East and Africa Savory Ingredients Market
11.4.7.4.1 Rest of Middle East and Africa Savory Ingredients Market by Type
11.4.7.4.2 Rest of Middle East and Africa Savory Ingredients Market by Origin
11.4.7.4.3 Rest of Middle East and Africa Savory Ingredients Market by Form
11.4.7.4.4 Rest of Middle East and Africa Savory Ingredients Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Savory Ingredients Market Overview
11.5.2 South and Central America Savory Ingredients Market Forecasts and Analysis
11.5.3 South and Central America Savory Ingredients Market Forecasts and Analysis - By Type
11.5.4 South and Central America Savory Ingredients Market Forecasts and Analysis - By Origin
11.5.5 South and Central America Savory Ingredients Market Forecasts and Analysis - By Form
11.5.6 South and Central America Savory Ingredients Market Forecasts and Analysis - By Application
11.5.7 South and Central America Savory Ingredients Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Savory Ingredients Market
11.5.7.1.1 Brazil Savory Ingredients Market by Type
11.5.7.1.2 Brazil Savory Ingredients Market by Origin
11.5.7.1.3 Brazil Savory Ingredients Market by Form
11.5.7.1.4 Brazil Savory Ingredients Market by Application
11.5.7.2 Argentina Savory Ingredients Market
11.5.7.2.1 Argentina Savory Ingredients Market by Type
11.5.7.2.2 Argentina Savory Ingredients Market by Origin
11.5.7.2.3 Argentina Savory Ingredients Market by Form
11.5.7.2.4 Argentina Savory Ingredients Market by Application
11.5.7.3 Rest of South and Central America Savory Ingredients Market
11.5.7.3.1 Rest of South and Central America Savory Ingredients Market by Type
11.5.7.3.2 Rest of South and Central America Savory Ingredients Market by Origin
11.5.7.3.3 Rest of South and Central America Savory Ingredients Market by Form
11.5.7.3.4 Rest of South and Central America Savory Ingredients Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SAVORY INGREDIENTS MARKET, KEY COMPANY PROFILES
13.1. AJINOMOTO CO., INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. KONINKLIJKE DSM N.V.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. KERRY GROUP PLC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. TATE AND LYLE PLC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. GIVAUDAN
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. SYMRISE
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. LESAFFRE GROUP
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SENSIENT TECHNOLOGIES CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ANGELYEAST CO., LTD.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VEDAN INTERNATIONAL (HOLDINGS) LIMITED
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. AJINOMOTO CO., INC.
2. KONINKLIJKE DSM N.V.
3. KERRY GROUP PLC
4. TATE and LYLE PLC
5. GIVAUDAN
6. SYMRISE
7.LESAFFRE GROUP
8. SENSIENT TECHNOLOGIES CORPORATION
9. ANGELYEAST CO., LTD.
10. VEDAN INTERNATIONAL (HOLDINGS) LIMITED
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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