The flavor enhancer market size is expected to see strong growth in the next few years. It will grow to $13.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. Anticipated growth in the forecast period is attributed to the increased production of processed meals, a rise in low-carb food options, heightened health consciousness, growing consumer preference for exotic tastes, and accelerated urbanization alongside busy lifestyles. Key trends expected in this period include the launch of plant-based products, the introduction of powdered and liquid flavor enhancers, development of low-calorie sweeteners, advancements in flavor modulation technologies, and the integration of hybrid flavor systems.
The increasing demand for processed meals is expected to drive growth in the flavor enhancer market. Processed meals refer to pre-packaged dishes prepared in advance, requiring minimal preparation before consumption. With the rise of dual-income households and busy lifestyles, consumers seek convenient meal options that offer quick preparation without sacrificing taste or nutrition, making processed meals increasingly popular. Flavor enhancers play a crucial role by reducing the need for excessive salt or sugar while maintaining taste, thereby extending the shelf life of processed meals without compromising quality. For example, in 2023, the United States Department of Agriculture reported that the total value of US processed food product exports rose to $38.11 billion in 2022, up from $34.19 billion in 2021. Thus, the growing demand for processed meals is a key driver of the flavor enhancer market's expansion.
Leading companies in the flavor enhancer market are innovating with animal-free alternatives to meet rising consumer interest in vegan and plant-based food products. These alternatives address sustainability concerns and dietary preferences, avoiding animal-derived components. Animal-free flavor enhancers enhance the taste of food and beverages without relying on animal-derived ingredients. For instance, in February 2022, International Taste Solutions (ITS), a UK-based company specializing in food ingredients, introduced Vegan Boost, an animal-free flavor enhancer. Vegan Boost provides a rich, creamy texture suitable for various applications, including baked goods, sauces, and spreads. This innovation caters to the growing demand for plant-based alternatives that mimic traditional flavors without compromising on sensory experience.
In December 2023, Robertet Group, a French company renowned for producing natural raw materials in the fragrance and flavor industry, acquired Sonarome for an undisclosed sum. This acquisition strengthens Robertet's capabilities in flavor development, positioning it as a key player in the vibrant markets of India and Asia. Sonarome, based in India, specializes in the creation, manufacturing, and distribution of flavors and fragrances, including enhancers for flavor profiles.
Major companies operating in the flavor enhancer market are Cargill, Associated British Foods PLC, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Fermenish SA, Fufeng Group, Novozymes A/S, Eppen Biotech Co. Ltd., Mane SA, Tate & Lyle PLC, Corbion N.V., Sensient Technologies Corporation, Takasago International Corporation, Angel Yeast Co. Ltd, Meihua Holdings Group Co. Ltd., Quest Nutrition LLC, Bell Flavors & Fragrances, Lycored, Lesaffre Et Compagnie, MOGUNTIA FOOD GROUP AG, Innova Flavors, Nikken Foods Co. Ltd.
Asia-Pacific was the largest region in the flavor enhancer market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the flavor enhancer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the flavor enhancer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A flavor enhancer refers to a substance incorporated into food and beverages to heighten or enhance their taste without imparting significant flavor of its own. These enhancers function by magnifying the existing flavors, thereby improving the overall appeal and enjoyment of the food. They find extensive application in processed foods, soups, sauces, snacks, and ready-to-eat meals.
The primary types of flavor enhancers include acidulants, glutamates, hydrolyzed vegetable proteins, yeast extracts, among others. Acidulants are additives that impart a sour or acidic taste to enhance the flavor of food products. They are available in various forms such as powder, liquid, and semi-liquid, sourced from natural as well as synthetic origins. Acidulants are used in a wide range of applications including processed convenience foods, beverages, meat and fish products, among others.
The flavor enhancer market research report is one of a series of new reports that provides flavor enhancer market statistics, including flavor enhancer industry global market size, regional shares, competitors with a flavor enhancer market share, detailed flavor enhancer market segments, market trends, and opportunities, and any further data you may need to thrive in the flavor enhancer industry. This flavor enhancer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flavor enhancer market consists of sales of monosodium glutamate, hydrolyzed vegetable protein, nucleotides, salt substitutes, and amino acids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Flavor Enhancer Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on flavor enhancer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for flavor enhancer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flavor enhancer market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Acidulants; Glutamates; Hydrolyzed Vegetable Proteins; Yeast Extracts; Other Types2) By Form: Powder; Liquid And Semi-Liquid
3) By Source: Natural; Synthetic
4) By Application: Processed Convenience Foods; Beverages; Meat And Fish Products; Other Applications
Key Companies Mentioned: Cargill; Associated British Foods PLC; DuPont de Nemours Inc.; International Flavors & Fragrances Inc.; Fermenish SA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 10.6 Billion |
Forecasted Market Value ( USD | $ 13.76 Billion |
Compound Annual Growth Rate | 6.7% |
Regions Covered | Global |