InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Flavor Enhancer Market Size, Share & Trends Analysis Report By Application (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), Type (Acidulants, Glutamates, Yeast Extracts), Form (powder, liquid & semi-liquid), Source (natural and synthetic)- Market Outlook And Industry Analysis 2031″
The Global Flavor Enhancer Market is estimated to reach over USD 15.25 billion by 2031, exhibiting a CAGR of 6.28% during the forecast period.
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Chemicals called flavor enhancers are added to processed foods and beverages to improve their flavors. One of the critical elements in the market for food ingredients overall is flavor. Globalization and modernization are two significant elements that have boosted the market’s need for flavor enhancers. The flavor is a key factor in the creation of flavor-enhancing substances, and biotechnology makes it possible to create flavor-enhancing substances, also referred to as natural substances.
During the anticipated period, the market for flavor enhancers is expected to expand due to rising dessert consumption and broaden the use of cutting-edge technologies. The demand for taste enhancers needs to be improved by legislative restrictions, a high entry barrier, and increasing raw material costs, among other things.
List of Prominent Players in the Flavor Enhancer Market:
- 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.
- Corbion N.V.
- I. DuPont de Nemours and Company
- Firmenich S.A.I.C. y F. (Firmenich SA)
- FIRMENICH SA
- Innova and DuPont Nutrition & Health
- Kerry Group
- MOGUNTIA FOOD GROUP AG
- Nikken Foods Co., Ltd.
- Novozymes A/S
One of the main market drivers is demand from the food and beverage industry, and this sector has a sizable portion of the market for food additives. Additionally, many people consume a range of carbonated beverages, and the producers add additional diversity and flavors to the drinks by using artificial ingredients. This industry’s need fuels the Flavor Enhancer Market’s rapid expansion. A further significant market driver is the rising desire for foods with the sensory appeal, and people choose modern foods based on their flavor and scent.
Regulations and rules that are relaxed provide a solution. There are diverse limitations to the use of flavor enhancers today. Regarding the usage of these additives, the regulatory organizations have numerous regulations. Only the permitted amount of food flavors should be present in frozen foods, soups, and other food items. Artificial flavor usage is heavily restricted in various places. These are the difficulties that can slow the market’s rate of expansion. Production difficulties may result in a decline in the market’s demand for flavors. All of these obstacles may limit overall growth during the projection period.
North America is anticipated to share the most noteworthy revenue growth in the global market for food flavor enhancers. Major potential in the region includes rising disposable incomes, growing investments in food innovations, and the introduction of new trends like veganism and plant-based meats. The market for food flavor enhancers in Europe is likewise anticipated to expand rapidly. Significant development is anticipated in the region due to rising disposable incomes, growing consumer awareness of healthy meals, and increased demand for natural foods. During the forecast period, Asia Pacific is anticipated to experience the quickest CAGR growth.
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- In July 2021, Sensient Technologies purchased Flavour Solutions, Inc.’s assets. Sensient Technologies will grow its flavor enhancer business with this acquisition, and the former will improve its essential technologies, allowing it to provide customers with superior services in the future.
- In January 2019, The manufacturer of citrus-based tastes and perfumes, Florida Chemical Co., was purchased by Archer Daniels Midland Co. (ADM). Florida Chemical Co produces grapefruit and other citrus flavorings, essential oils, and enhancers. The acquisition will aid ADM in bolstering its market share in citrus-based taste enhancers.
Segmentation of Flavor Enhancer Market-
- Hydrolyzed vegetable protein
- yeast extracts
- Others (sweetness enhancers and nucleotides)
- Convenience Foods
- Meat & Fish Products
- Bakery Products
- Dairy Products
- Confectionery Products
- Other Applications
- Liquid & semi-liquid
- The US
- The UK
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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