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 : July, 2020 | Food and Beverages | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.