The Global Flavor Enhancer Market Size is valued at 9.06 billion in 2023 and is predicted to reach 14.82 billion by the year 2031 at a 6.44% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- Growing consumer demand for low-fat, low-salt, and low-carbohydrate products and rising personal disposable income are the main factors propelling the market's growth.
- The increased need for nutritious dietary items has contributed to a massive development in the flavor and flavor enhancer market.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- Regulating sweets that contain particular chemicals and components under onerous conditions will also slow down the rate of industry expansion.
The usage of flavor enhancers improves the taste and texture of food items. These flavor enhancers are found in commercial snacks. Soups, frozen snacks, and other junk food products are a few examples of snacks that contain these flavor enhancers. These flavor enhancers can be found in various sweets, savory foods, and condiments. The demand for flavorful products will likely lead to a significant expansion in the flavors and flavor enhancers market. The rise in fast food consumption and changes in consumer lives has led to an increase in the demand for processed food products. As a result, there will continuously be a demand for flavors and flavor enhancers, directly affecting the product market.
However, given that flavor enhancers are produced artificially, rising consumer knowledge of health issues is a significant barrier to their use. The creation of natural flavor enhancers has opened up new market expansion potential.
Recent Developments:
- In February 2023, International Flavors and Fragrances Inc. and Givaudan SA collaborated to introduce BioNootkatone. This natural, clean-label, sustainable citrus flavoring ingredient can be added to a range of foods and drinks.
Competitive Landscape:
Some of the flavor enhancer market players are:
- A & Z Food Additives Co. Ltd.
- Aipu Food Industry
- Ajinomoto Co.Inc.
- Angel Yeast Co., Ltd
- Associated British Foods plc
- Bell Flavors & Fragrances
- Caldic B.V.
- Cargill
- Corbion N.V.
- I. DuPont de Nemours and Company
- Firmenich S.A.I.C. y F. (Firmenich SA)
- FIRMENICH SA
- Givaudan
- Innova and DuPont Nutrition & Health
- Kerry Group
- Lycored
- Mane
- MOGUNTIA FOOD GROUP AG
- Nikken Foods Co., Ltd.
- Novozymes A/S
Market Segmentation:
The flavor enhancer market is segmented into type, application, form and source. Type segment includes acidulants, glutamates, hydrolyzed vegetable protein, yeast extracts, and others (sweetness enhancers and nucleotides). Application segment includes flavour enhancers for convenience foods, beverage flavour enhancers, meat & fish products flavour enhancers, bakery products flavour enhancers, dairy products flavour enhancers, confectionery products flavour enhancers, and flavour enhancers for other applications. Form segment includes powder, liquid & semi-liquid. Source, segment includes natural and synthetic.
Based On Type, The Glutamates Segment Is Accounted As A Significant Contributor In The Flavor Enhancer-Market
The glutamate segment is anticipated to dominate the market in terms of the frequency range throughout the forecast period. The most typical application of monosodium glutamate (MSG) is as a taste enhancer in savory food. Due to the rising demand for monosodium glutamate (MSG) in savory foods and meat products, glutamates will continue to represent the most extensive product type segment over the projection period. Fish, beef, and milk are a few examples of foods high in protein that utilize monosodium glutamate extensively. The market for food flavor enhancers is expanding thanks to how intrigued consumers are by food products' various tastes and flavors worldwide. Another element driving the market for food flavor enhancers is the flavor enhancer's broad applicability.
Meat And Fish Products Witness Growth At A Rapid Rate
The meat and fish category dominates the flavor enhancement market over the forecast period. Growing demand for good taste, aroma, and palatability in convenience foods has contributed to the growing demand for flavor enhancers on the global market. Changing lifestyles and food habits have grown the demand for flavor enhancers in the market. Powdered ingredients such as meat and seafood have driven up the need for flavor enhancers in the market.
The North American Flavor Enhancer Market Holds A Significant Regional Revenue Share
The top-grossing market for flavor enhancers is North America, with significant demand. In this market, there is a higher production of these additives. In this industry, organic additives are in high demand. Additionally, U.S. and Canadian investments are a factor in the market's rapid expansion. Additionally, Asia Pacific has the maximum shares in the second-largest Flavor Enhancer Market. In this market, glutamate additive manufacturing is higher. The highest rates of additive uptake are being seen in chains and Japan. The processed food sector has a significant need for the artificial additives market.
Recent Developments:
- In February 2023, International Flavors and Fragrances Inc. and Givaudan SA collaborated to introduce BioNootkatone. This natural, clean-label, sustainable citrus flavoring ingredient can be added to a range of foods and drinks.
Flavor Enhancer Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 9.06 Bn |
|
Revenue forecast in 2031 |
USD 14.82 Bn |
|
Growth rate CAGR |
CAGR of 6.44% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Type, Application, Form And Source |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), and Sensient Technologies (U.S.) Novozymes A/S (Denmark), E.I. DuPont de Nemous and Company (U.S.), Angel Yeast Co., Ltd (China), Innova Flavors (U.S.), Savoury Systems International, Inc (U.S.), Senomox, Inc. (U.S.), and Ajinomoto Co.Inc. (Japan) |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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