The industry that creates and distributes ingredients used to improve the Flavor Enhancers of food and beverages is referred to as the flavour enhancers market. Many different food and beverage products, including soups, sauces, processed meats, snacks, and soft drinks, contain flavour enhancers. They are frequently used to improve the flavour, taste, and overall appeal of foods and drinks.
The market for flavour enhancers is driven by the rising demand for processed food and convenience items as well as the expanding popularity of natural and healthier food options. Additionally, it is anticipated that rising disposable income and shifting consumer tastes would propel the market for flavour enhancers.
The market’s expansion may be constrained by elements including strict regulations, fluctuating raw material prices, and consumer worries about artificial flavourings. In the next years, the market participants can anticipate to benefit significantly from the rising demand for natural and organic flavour enhancers in the Asia-Pacific region.
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Key Segments Covered Market Taxonomy
- Product Type
- Hydrolyzed Vegetable Proteins
- Yeast Extracts
- Powdered Flavour Enhancers
- Liquid Flavour Enhancers
- Flavour Enhancers for Convenience Foods
- Beverage Flavour Enhancers
- Meat & Fish Products Flavour Enhancers
- Bakery Products Flavour Enhancers
- Dairy Products Flavour Enhancers
- Confectionery Products Flavour Enhancers
- Flavour Enhancers for Other Applications
- Natural Flavour Enhancers
- Synthetic Flavour Enhancers
Key Takeaways from the Market Study
- Powdered flavor enhancers to remain top selling, surpassing US$ 3 Bn by 2031
- U.S to emerge as the dominant flavour enhancers market, capturing 55% revenue
- Flavor enhancers containing glutamates are expected to dominate the market, contributing US$ 2 Bn by 2031
- Beverages to account for a significant share of flavour enhancers demand, surpassing US$ 1 Bn
- Natural flavour enhancers demand to rise, registering a 6% CAGR
- Meat & fish products to account for 45% of flavour enhancers market demand
- China & U.K to collectively generate a revenue share worth 55% until 2031
Key Companies Profiled
- Cargill Inc.
- Tate & Lyle Plc.
- Associated British Foods Plc.
- Corbion N.V
- Sensient Technologies
- Firmenich SA
- Takasago International Corporation
- Mane SA
- International Flavors & Fragrances Inc. (IFF)
- Quest Nutrition LLC
- Danisco A/S
Report Benefits & Key Questions Answered
- Flavor Enhancers Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Flavor Enhancers Market Historical volume analysis: The report provides a comparison of Flavor Enhancers Market historical sales and projected sales performance for 2021-2031.
- Flavor Enhancers Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Flavor Enhancers Market It carefully gauges the impact of changing healthcare needs of key demographics globally
- Flavor Enhancers Market Consumption by demographics: The report investigates consumer behavior affecting Flavor Enhancers Market demand outlook for the assessment period. Effect of their keenness for digital trends on Flavor Enhancers Market is carefully analyzed
Post COVID consumer spending on Flavor Enhancers Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Flavor Enhancers Market growth.