Latin America Savory Ingredients Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$328.9

Forecast, 2030 (US$M)

$478.6

CAGR, 2023 - 2030

4.8%

Report Coverage

Latin America

Latin America savory ingredients market, 2018-2030 (US$M)

Related Markets

Global Savory Ingredients Industry Outlook

North America Savory Ingredients Market Outlook

Europe Savory Ingredients Market Outlook

Asia Pacific Savory Ingredients Market Outlook

MEA Savory Ingredients Market Outlook

Latin America savory ingredients market highlights

The Latin America savory ingredients market generated a revenue of USD 328.9 million in 2022.
The market is expected to grow at a CAGR of 4.8% 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.

Latin America data book summary

Market revenue in 2022	USD 328.9 million
Market revenue in 2030	USD 478.6 million
Growth rate	4.8% (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, Latin America region accounted for 3.1% 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 Scope

Savory ingredients market segmentation & scope

Product

Yeast Extracts

HVP

HAP

MSG

Nucleotides

Others

Source

Natural

Synthetic

Form

Powder

Liquid

Paste

Application

Food

Pet Food

Others

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

U.S.

Canada

Mexico

Germany

France

Italy

Spain

Japan

China

India

South Korea

ANZ

Brazil

South Africa

Savory Ingredients Market Companies

Name	Profile	# Employees	HQ	Website

Latin America 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 Latin America savory ingredients market based on yeast extracts covering the revenue growth of each sub-segment from 2018 to 2030.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America savory ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America savory ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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