The global flavor enhancer market was valued at $11.40 Billion in 2022, and is projected to reach $20.41 Billion by 2032, registering a CAGR of 5.7% from 2023 to 2032.
A substance or component used to improve the flavor and aroma of food is known as a flavor enhancer. It functions by bringing out the flavors already present in the dish, enhancing its sensory appeal. There are several food products that use flavor enhancers, such as processed foods, snacks, sauces, soups, and seasonings. To balance the flavor and improve the overall flavor profile, they are often added in little amounts. MSG is an amino acid that is naturally present in many foods and is produced as a crystalline powder from glutamic acid. Umami, a flavor that is savory and meaty, is said to be enhanced by it. MSG is frequently used to enhance flavor in savory foods such as processed foods, soups, and sauces.
The flavor enhancer market is analyzed on the basis of type, application, and region. By type, the market is divided into acidulants, glutamates, hydrolyzed vegetable proteins, yeast extracts, and others. By application, it is classified into processed convenience foods, beverages, meat and fish products, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global Increase in the use of convenience and processed foods is a key factor driving the market for flavor enhancers. The taste, aroma, and overall sensory experience of processed meals are improved with flavor enhancers, which makes them more alluring to customers. The need for ready-to-eat meals and busier lifestyles are both predicted to Increase demand for taste enhancers. The demand for flavor enhancers that can offer innovative flavors and profiles is being driven by consumer’s desire for a variety of dis Inctive flavor experiences. Ethnic and international cuisines, natural ingredients, and ingredients with clean labels are all gaining popularity. To meet changing consumer demands, manufacturers are responding to these tastes by creating novel and specialized flavor enhancers.
The key players operating in the flavor enhancer market have adopted product launch and business expansion as their key strategies to expand their market share, Increase profitability, and remain competitive in the market. The major players operating in the global flavor enhancer market are Ajinomoto Co., Inc., DSM nutritional products, DuPont de Nemours, Inc., Firmenich SA, International Flavors & Fragrances Inc., Kerry Group plc, Givaudan SA, Angel Yeast Co., Ltd., Lesaffre Et Compagnie, and Fufeng Group Company Limited.
A substance or component used to improve the flavor and aroma of food is known as a flavor enhancer. It functions by bringing out the flavors already present in the dish, enhancing its sensory appeal. There are several food products that use flavor enhancers, such as processed foods, snacks, sauces, soups, and seasonings. To balance the flavor and improve the overall flavor profile, they are often added in little amounts. MSG is an amino acid that is naturally present in many foods and is produced as a crystalline powder from glutamic acid. Umami, a flavor that is savory and meaty, is said to be enhanced by it. MSG is frequently used to enhance flavor in savory foods such as processed foods, soups, and sauces.
The flavor enhancer market is analyzed on the basis of type, application, and region. By type, the market is divided into acidulants, glutamates, hydrolyzed vegetable proteins, yeast extracts, and others. By application, it is classified into processed convenience foods, beverages, meat and fish products, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global Increase in the use of convenience and processed foods is a key factor driving the market for flavor enhancers. The taste, aroma, and overall sensory experience of processed meals are improved with flavor enhancers, which makes them more alluring to customers. The need for ready-to-eat meals and busier lifestyles are both predicted to Increase demand for taste enhancers. The demand for flavor enhancers that can offer innovative flavors and profiles is being driven by consumer’s desire for a variety of dis Inctive flavor experiences. Ethnic and international cuisines, natural ingredients, and ingredients with clean labels are all gaining popularity. To meet changing consumer demands, manufacturers are responding to these tastes by creating novel and specialized flavor enhancers.
The key players operating in the flavor enhancer market have adopted product launch and business expansion as their key strategies to expand their market share, Increase profitability, and remain competitive in the market. The major players operating in the global flavor enhancer market are Ajinomoto Co., Inc., DSM nutritional products, DuPont de Nemours, Inc., Firmenich SA, International Flavors & Fragrances Inc., Kerry Group plc, Givaudan SA, Angel Yeast Co., Ltd., Lesaffre Et Compagnie, and Fufeng Group Company Limited.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flavor enhancer market analysis from 2022 to 2032 to identify the prevailing flavor enhancer market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flavor enhancer market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global flavor enhancer market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Acidulants
- Glutamates
- Hydrolyzed Vegetable Proteins
- Yeast Extracts
- Others
By Application
- Processed Convenience Foods
- Beverages
- Meat and Fish Products
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Netherlands
- Spain
- Belgium
- Russia
- Poland
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Malaysia
- Indonesia
- Thailand
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Ajinomoto Co., Inc.
- Angel Yeast Co., Ltd.
- DSM-Firmenich AG
- Fufeng Group Company Limited
- Givaudan SA
- International Flavors & Fragrances Inc.
- Kerry Group plc
- Lesaffre Et Compagnie
- Meihua Holdings Group Co., Ltd.
- Tate & Lyle PLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLAVOR ENHANCER MARKET, BY TYPE
CHAPTER 5: FLAVOR ENHANCER MARKET, BY APPLICATION
CHAPTER 6: FLAVOR ENHANCER MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Flavor Enhancer Market,' The flavor enhancer market was valued at $11.4 billion in 2022, and is estimated to reach $20.4 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.An agent or substance that intensifies the flavor and aroma of food without contributing any of its own unique flavors is known as a flavor enhancer. By enhancing and harmonizing the already present flavors, it is often utilized to enhance the entire sensory experience of a dish. Monosodium glutamate (MSG) is one of the most popular and commonly utilized flavor enhancers. The amino acid glutamic acid, which naturally occurs in many foods, is present in MSG, a crystalline powder. It is frequently used to enhance umami, a savory and meaty flavor, in savory dishes including soups, sauces, and processed foods.
The flavor enhancer market is analyzed on the basis of type, application, and region. By type, the market is divided into acidulants, glutamates, hydrolyzed vegetable proteins, yeast extracts, and others. By application, it is classified into processed convenience foods, beverages, meat and fish products, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The demand for natural and clean-label products, including taste enhancers, is rising. The market for flavor enhancers made from organic ingredients such as fruits, vegetables, herbs, and spices is expanding. To meet this need, producers are creating natural taste enhancers using fermentation and extraction processes. There is increased interest in plant-based taste enhancers due to the popularity of plant-based diets and the desire for vegan and vegetarian products. Plant-based food products use ingredients like mushroom extracts, seaweed extracts, and vegetable powders to improve flavors.
Demand for flavor enhancers that can lower sodium levels in food products without affecting taste has been sparked by worries about excessive salt intake and its potential health effects. Manufacturers are creating sodium reduction strategies that keep the intended flavor profile while using alternative flavor enhancers. Global taste profiles that are unique and unusual are becoming more and more popular. The tastes of several cuisines, including Middle Eastern, Asian, and Latin American, are being explored by consumers. To cater to client tastes, flavor enhancer producers are responding to this trend by providing a wide variety of ethnic and international flavor alternatives.
Consumers are looking for individualized and distinctive flavor experiences. Food producers and chefs may now generate distinctive flavor profiles that are customized to their own products or recipes thanks to the solutions that flavor enhancer companies are providing. This development encourages greater innovation and differentiation in the food sector. Innovation in the market for taste enhancers is being driven by technological advancements. For instance, the application of molecular gastronomy techniques, encapsulating technology, and sophisticated extraction processes enables the development of more effective and specific flavor enhancers. These technologies give producers the ability to develop distinctive flavor profiles and improve the entire sensory experience of food products.
The food business has begun to place more of an emphasis on health and wellness. The producers of flavor enhancers are creating goods that not only improve flavor but also have practical uses. Adding natural probiotics, vitamins, or antioxidants to flavor enhancers, for instance, can help people feel better and live longer. Flavor enhancers are being created for straightforward and portable applications due to busy lifestyles and the demand for handy meal options. Consumers may now easily improve the flavor of their meals or snacks while they're on the go using single-serve flavor packets or sprayable flavor enhancers.
The major players analyzed for global alcohol gummies industry are Ajinomoto Co., Inc., DSM nutritional products, DuPont de Nemours, Inc., Firmenich SA, International Flavors & Fragrances Inc., Kerry Group plc, Givaudan SA, Angel Yeast Co., Ltd., Lesaffre Et Compagnie, and Fufeng Group Company Limited.
Monosodium glutamate (MSG), the company's signature product, is produced by Ajinomoto, a major global maker of flavor enhancers. The company is well-known in the industry and provides a large selection of seasonings and flavor enhancers for use in a variety of food applications. Ajinomoto has a competitive advantage thanks to its broad distribution network and well-known brand name. An extensive selection of flavor enhancers is offered by the Kerry Group, an international provider of food ingredients and flavors for the food and beverage sector. The business places a strong emphasis on product innovation and customization to satisfy unique customer needs. The extensive product line and global reach of Kerry support its competitive position.
KEY FINDINGS OF STUDY
- By type, the glutamates segment was the highest revenue contributor to the market, with $4,163.3 million in 2022, and is estimated to reach $7,275.9 million by 2032, with a CAGR of 5.5%.
- By application, the processed convenience foods segment was the highest revenue contributor to the market, with $4,959.2 million in 2022, and is estimated to reach $8,540.3 million by 2032, with a CAGR of 5.3%.
- Region wise, Asia-Pacific was the highest revenue contributor, accounting for $3,455.3 million in 2022, and is estimated to reach $6,812.4 million by 2032, with a CAGR of 6.8%.
Companies Mentioned
- Ajinomoto Co., Inc.
- Angel Yeast Co., Ltd.
- DSM-Firmenich AG
- Fufeng Group Company Limited
- Givaudan SA
- International Flavors & Fragrances Inc.
- Kerry Group plc
- Lesaffre Et Compagnie
- Meihua Holdings Group Co., Ltd.
- Tate & Lyle PLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | June 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 11.4 Billion |
| Forecasted Market Value ( USD | $ 20.41 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
