Global Flavor Enhancer Market, By Form (Powder and Liquid), Nature (Natural and Artificial), Type (Yeast Extracts, Acidulants, Glutamates and Others), End Use (Food and Beverage industry, Bakery, Confectionaries, Soups and Salads and Others), Distribution Channel (Processed and Convenience Foods, Beverages, Meat and Fish Products and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Flavor Enhancer Market
Data Bridge Market Research analyses that the global flavor enhancer market will project a CAGR of 6.25% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, growing focus on innovations in the food and beverages sector, rising consumer consciousness towards natural flavour enhancers and food additives, and increasing personal disposable income by the major companies are the major factors attributable to the growth of flavor enhancer market.
From the name itself, it is clear that flavor enhancers are the food additives that that are added to the food products to modify their existing taste. Flavor enhancers are added to enhance the taste, whether, sweet, sour, spicy or salty and texture of various food items and are available in the form of instant soup, snack food and frozen dinner.
Rising personal disposable income and growing demand for low-fat, low-salt and low-carbohydrate foods are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising awareness about the availability of both naturally and synthetically produced flavour enhancers in the developing economies and rising health consciousness among the population are acting as market growth determinants. Improving distribution channel, rising health consciousness among people, growing popularity of healthy and low-calorie foods, surging consumption of meat and meat related products especially among the youngsters and changing tastes and preferences of consumers will further induce growth in the market value.
However, side effects on health associated with high consumption of food items with alternative sweeteners such as high blood pressure and allergies will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. Stringent and strict government norms related to sweeteners that consist of specific chemicals and ingredients will also hamper the market growth rate.
This flavor enhancer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on flavor enhancer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Flavor Enhancer Market Scope and Market Size
The flavor enhancer market is segmented on the basis of form, nature, type, end use and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the flavor enhancer market is segmented into powder and liquid.
- On the basis of nature, flavor enhancer market is segmented into natural, artificial
- On the basis of type, flavor enhancer market is segmented into yeast extracts, acidulants, glutamates and others.
- On the basis of end use, flavor enhancer market is segmented into food and beverage industry, bakery, confectionaries, soups and salads and others.
- On the basis of the distribution channel, flavor enhancer market is segmented into processed and convenience foods, beverages, meat and fish products and others.
Flavor Enhancer Market Country Level Analysis
The flavor enhancer market is analyses and market size, volume information is provided by country, form, nature, type, end use and distribution channel as referenced above.
The countries covered in the flavor enhancer market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the flavor enhancer market and will continue to flourish its trend of dominance during the forecast period owing to the consumption of frozen meat and fish, rapid urbanization, changing lifestyle, and higher disposable income especially in U.S. Asia-Pacific is set to register the a high growth rate during the forecast period and score the highest CAGR owing to the increasing adoption of enhancers in Asian food products, rising westernization, changing lifestyle and increasing personal disposable income.
The country section of the flavor enhancer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flavor Enhancer Market Share Analysis
The flavor enhancer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flavor enhancer market.
The major players covered in the flavor enhancer market report are Givaudan, International Flavors and Fragrances, Inc., International Flavors & Fragrances Inc., Firmenich SA., Symrise, MANE, Takasago International Corporation, Sensient Technologies Corporation, Huabao International Holdings Limited, T.HASEGAWA CO., LTD., Keva Flavours Pvt. Ltd., Kerry Group plc, FLAVORCAN INTERNATIONAL INC., ROBERTET, Cargill, Incorporated., ADM, BASF SE, Tate & Lyle, Flavorchem Corporation and Veera Fragrances Private Limited among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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