ASIA PACIFIC SAVORY INGREDIENTS MARKET ANALYSIS

Key Developments

• In February 2024, McDonald's unveiled a limited-edition sauce, Savory Chili WcDonald's Sauce as part of a promotional campaign tied to an anime series, showcased in manga-style packaging. The sauce is made from a combination of garlic, soy, and several other ingredients. McDonald's Corporation is a global leader in the fast-food industry, known for its iconic Golden Arches and its broad network of over 38,000 restaurants worldwide.
• In August 2021, Angel Yeast Co., Ltd. formed a joint venture to acquire Shandong Bio Sunkeen Co., Ltd. This acquisition enables Angel Yeast Co, Ltd. to enhance its production capacity by an additional 15,000 tons of yeast extracts and yeast. Shandong Bio Sunkeen Co., Ltd. is a leading manufacturer based in Shandong Province, China, specializing in yeast products for both human and animal nutrition. The company produces a wide range of products including active dry yeast, yeast extract, sweet potato starch, and various yeast-based animal feeds. Their product portfolio also features specialized products such as selenium yeast, yeast hydrolysates, and Bacillus subtilis.