Flavor Enhancer Market By Type (Acidulants, Glutamates, Hydrolyzed Vegetable Proteins, Yeast Extracts, Others), By Application (Processed Convenience Foods, Beverages, Meat and Fish Products, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global flavor enhancer market was valued at $11,400.0 million in 2022, and is projected to reach $20,414.6 million 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 distinctive 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 StakeholdersThis 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 SegmentsBy TypeAcidulants
Glutamates
Hydrolyzed Vegetable Proteins
Yeast Extracts
Others
By ApplicationProcessed Convenience Foods
Beverages
Meat and Fish Products
Others
By RegionNorth 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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