Global Food Flavor Enhancer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Food Flavor Enhancer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Flavor enhancer is a kind of food additive widely used in daily food production, which supplements or enhances the original flavor of food and makes snacks, snacks and foods taste more delicious. Food flavor enhancers do not affect the taste stimulation of four basic flavors such as acid, sweet, bitter and salty, but enhance their flavor characteristics, thus improving the palatability of food.

Due to the different cultural background and taste preferences in different regions, the flavor enhancers used in different regions are different, but the commonly used flavor enhancers mainly include Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP) and Yeast Extract. Food flavor enhancer is often used in Restaurants, Home Cooking and Food Processing Industry.

Market Overview:

The latest research study on the global Food Flavor Enhancer market finds that the global Food Flavor Enhancer market reached a value of USD 10624.02 million in 2022. It’s expected that the market will achieve USD 13962.84 million by 2028, exhibiting a CAGR of 4.66% during the forecast period.

Market Opportunities and Drivers

With the change of people's lifestyle and the increase of disposable income, the consumption of processed food industry such as instant noodles, frozen food, fast food and convenience food increases, which leads to an increase in the use of food flavor enhancer. In order to meet the new demands of consumers and improve the flavor of products, food processing companies use food flavor enhancers in a wider range of fields.

Salt is the main sodium element in diet, so the amount of salt added in food should be controlled, because excessive sodium intake will increase the risk of hypertension and cardiovascular disease. Therefore, many local governments have formulated different laws and regulations to reduce the salt content in food, which will increase the use of food flavoring agents. Because salt and monosodium glutamate are both compounds containing sodium, compared with salt, the sodium content of monosodium glutamate is one third of salt. Salt contains about 39% sodium, while monosodium glutamate contains about 12% sodium.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Fufeng is one of the major players operating in the Food Flavor Enhancer market, holding a share of 14.08% in 2021.

Fufeng Group Co. Ltd. is an international biological fermentation products company listed on the main board of the Hong Kong Stock Exchange. It is mainly engaged in the research and development, production and operation of various amino acids and their derivatives and bio colloids. It is a world-renowned monosodium glutamate and xanthan gum. Amino acid manufacturer.

The Ajinomoto Group is a global company with specialties in the business of food and amino acids, guided by leading-edge bioscience and fine chemical technologies.

Based on the corporate message “Eat Well, Live Well.”, Ajinomoto Group have been scientifically pursuing the possibilities of amino acids in supporting the healthy lives of people all around the world. Ajinomoto Group aim for future growth and continuous contribution to greater wellness by creating value through sustainable and innovative solutions for communities and society.

The Ajinomoto Group has offices in 35 countries and regions, and sells products in more than 130 countries and regions.

Segmentation Overview:

Among different product types, Hydrolyzed Vegetable Protein (HVP) segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Restaurants segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Food Flavor Enhancer market covered in Chapter 3:

Ohly
Innova
DSM
Biospringer
Meihua
Angel Yeast
Ajinomoto Group
Eppen
Fufeng
AIPU Food Industry

In Chapter 4 and Chapter 14.2, on the basis of types, the Food Flavor Enhancer market from 2018 to 2029 is primarily split into:

Monosodium Glutamate (MSG)
Hydrolyzed Vegetable Protein (HVP)
Yeast Extract
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food Flavor Enhancer market from 2018 to 2029 covers:

Restaurants
Home Cooking
Food Processing Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)