Flavor Enhancers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2028

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Flavor Enhancers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2028

Status : September, 2021 | Food and Beverages

Report Digest


Global Flavor Enhancers Market: Snapshot

The global flavor enhancers market is set to chart a decent CAGR (Compound Annual Growth Rate) over the forecast period of 2018 to 2028, creating attractive growth opportunities and contributing positively to the overall worth of the market. 

To understand what is driving growth in the global flavors enhancers market, it is important to note the prominent factors. First, there is increase in consumption of processed food and beverages. Two, need for low sodium, salt and sugar content in food is also driving demand in the market. This is particularly big in terms of the millennial population which is taking palatability very seriously. 

Below is a glimpse into what is shaping up the landscape of global flavor enhancers market over the stated period of 2018-2028. 

  • Changing lifestyle is impacting market growth in a big way. People today demand exotic culinary experiences with bursts of ethnic flavors without compromising on health. Her is where the flavor enhancers who are themselves insipid, come into the picture. They help the market cater to an ever increasing demand for premium quality products, inclusive of seasoning and sauces.
  • The South American region will show tremendous growth potential due to high demand for foreign culinary experience arising from the region. A specific delight is cuisine from the Asian countries. These have captured the imagination of the South Americans in a way never seen before. This is set to drive the growth curve for global flavors market on a higher growth trajectory.
  • Demand for natural food flavors is rising rapidly as consumers grasp the health issues associated with artificial flavoring. Besides, certain behavioral issues in children, relating to artificial substances is also creating demand for natural substances. Besides, millennials as a group likes to experiment and that again is a propeller of growth in the markets.

Global Flavor Enhancers Market: Overview

Consumers world over are seeking higher palatability in food products in addition to their nutritional value and the natural ingredients they contain. The role and functionality of flavor enhancers are analogous to those of taste enhancers. Flavor enhancers are typically tastants that add taste qualities to the food with the purpose of improving their palatability. They are essentially food ingredients that do not have flavor of their own. Rather they contribute additional properties such as those of meaty, savory, salty, and sweet to food products.

Flavor enhancers such as monosodium glutamate (MSG) have been commercially used for a large variety of products across the food industry, especially in Asia and America. MSG has gathered vast steam among fast-food restaurants in the regions. Some of the broad categories of flavor enhancers are acidulants, glutamates, hydrolyzed vegetable proteins, and yeast extracts.

Global Flavor Enhancers Market: Key Growth Dynamics

Focus on enhancing the health benefits of chemosensory enhancements in food is key underpinning to the evolution of the global market for flavor enhancers. Changing food habits of consumers worldwide has focused on consuming food low on salt, sugar, and sodium. This has been driving the demand for flavor enhancers in food products.

Flavor enhancers are increasingly used by food manufacturers to intensify odor and make it more palatable for young and elderly populations. The rising demand for diary-based processed food is also bolstering the uptake of flavor enhancers. Advances made in fermenting process to obtain flavor enhancers are also catalyzing the rapid growth in the market.

The report offers detailed assessment of the various lucrative avenues of the global flavor enhancers market and presents insights into the emerging competitive dynamics. The detailed evaluations of the prospects of key segments helps new entrants and incumbent players in prudent and effective strategy formulations.

Global Flavor Enhancers Market: Market Potential

In various developing and developed regions, consumers have become increasingly inclined toward healthier food products and those containing natural ingredients. The momentum has also fueled the demand for food that is low in sodium, hence propelling the popularity of sodium-reducing flavor enhancers. Several emerging companies in the food industry have taken note of this.

One of the producers of premium dairy ingredients for the food industry, DairiConcepts, L.P., have in September 2018 received an award from the Institute of Food Technologists and Food Tech for its innovative offering of dairy-based ingredient to food manufacturers. The ingredient has since then gained some steam as a sodium-enhancing flavor enhancer that is made using natural fermentation process.

Another aspect that is gathering steam is the adoption of clean labels for food manufacturers. Constant advancements in food technology will open new avenues in the global flavor enhancers market. The advent of natural flavor enhancers is likely to create substantial lucrative avenues, especially in still emerging markets in various parts of the globe.

Global Flavor Enhancers Market: Regional Outlook

The report on the global flavor enhancers market takes a critical look at the prominent regional dynamics and the trends bolstering the revenue generating potential of key markets. On the regional front, developed regions such as North America and Europe may hold substantial potential throughout the forecast period. The growth in these regional markets is attributed increasingly to recent advances in various chemical synthesis. Meanwhile, developing regions such as Asia Pacific are expected to rise at increasingly promising pace in the global flavor enhancers market. 

Some of the most prominent competitors operating in the competitive landscape of global flavor enhancers market include –

  • Synergy Flavors
  • Firmenich SA
  • International Flavors & Fragrances Inc.
  • Sensient Technologies Corporation
  • Corbion N.V.
  • Associated British Foods plc.

Several players in the global flavor enhancers market are focusing on developing healthier ingredients to meet the wide diversity of demand for a large cross-section of end consumers, world over. Emerging players seeking higher stakes in the market are bringing new modifications in flavor enhancers with better functionality.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?