Market Scope
Market Research Future suggests that the flavor enhancer market 2020 could accrue a growth rate of 5.2% during the appraisal period (between 2017and 2023). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Flavour Enhancer Market – Overview:
Flavour Enhancer Market, the most widely used food additives radically enhances the natural flavor of ingredients when added to food or beverages. It is used in commercial food preparation as well as in domestic cooking. They are added to food and beverages explicitly to make them flavourful.
Flavor Enhancer industry plays an essential role in stimulating the taste & aroma lost during the processing period to suit the palates of the consumer. Augmented demand from the burgeoning food & beverages industry defines the growth landscape of the market globally escorting it to the ascended heights.
Acknowledging the kind of traction the market is garnering currently demonstrating the growth prospects Worldwide, Market Research Future (MRFR) has recently published a study report giving out a complete market insight up to 2023. In its analysis MRFR asserts that the thriving global Flavor Enhancer Market will further grow exponentially by 2023, registering a considerable CAGR during 2017 to 2023.
Burgeoning Food & Beverages industry all over the world, predominantly drives the global Flavor Enhancer market. Clean label trend has evolved beyond ingredients and indicates that the food is made by using natural colors and flavors. The increasing consumer awareness about health & wellness and their growing interest to adopt natural flavors instead of artificial ones has been supporting the growth of this market. Expansion of distribution channels is expected to influence the market growth during the review period.
Factors, such as growing population, growing urbanization along with the improving economic conditions worldwide that increase consumers’ purchasing power positively impact the market growth. Changing lifestyle and inclination towards conventional food are boosting the market growth. Substantial investments transpired in R&D to bring novelties & betterment to the products, in turn, pay off well by increasing the demand, sale & eventually, its market size. Recent much-appreciated innovation is the introduction of sodium reducing Flavor Enhancer which fostered the market growth to an extent, especially in the US and China.
On the other hand, these Flavor Enhancers, artificial or natural need to meet the desired specifications of the product as stipulated by regulation. There are a set of regulations according to the respective regulatory body for the use of these products in different foods across the globe. The same factor is anticipated to restrict the market growth.
In addition to the Clean Label, other trends of the market observed during the analysis include, terms that signify ingredients or foods that are ‘good to be consumed,’ are creating quite a buzz for F&B manufacturers. Another trend is gluten-free Flavor Enhancers (mainly in the US market). While, non-MSG flavor is an emerging trend in Europe.
Global Flavor Enhancer Market – Competitive Analysis:
The global Flavor Enhancer market appears to be fiercely competitive and fragmented with many well-established players having the global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market.
Flavor Enhancer Market – Segments:
The Flavor Enhancer market can be segmented into 5 key dynamics for the convenience of the report and enhanced understanding.
By Types: Comprises Natural & Artificial.
By Ingredients: Acidulant, Glutamate, Yeast Extract, and Hydrolyzed Vegetable Proteins, among others.
By Forms: Liquid, & Powder, among others.
By Applications: Beverages, Bakery & Confectionary, Dairy & Frozen Desserts Products, Meat Products, Savoury & Snacks and other.
By Region: North America, Europe, APAC and Rest of the World.
Segment Natural Flavor Enhancer is a prominent segment on the basis of Types. The segment is estimated to be the major revenue pocket for the global Flavor Enhancer market owing to their wide uptake encouraged by their popularity among consumers and side effects caused due to the artificial flavor.
Segment Glutamate by Ingredients accounts for the largest segment in the global market while Segment Yeast Extract is expected to grow substantially over the forecasted period.
Segment Powdered Form is projected to be the fastest growing segment over the forecast period followed by the segment Beverage Industry.
Flavor Enhancer Market – Regional Analysis:
Continuing with its dominance, North-America market for Flavor Enhancer is expected to surge, witnessing the high consumption of the product. Growing further, over its previous growth records by 2023 the region is expected to create a larger revenue pocket in the global market. Factors such as high disposal income, the presence of large food enthusiasts & connoisseurs populace influence the regional market growth positively.
Whereas the second largest market for Flavor Enhancer – Europe is surging owing to the contributions from the countries such as the UK, France, Italy & Germany. The growth attributes to the high per capita income coupled with the continuous R&D efforts transpired in the regional market to bring novelties.
While attributing to the resurging economy in some of the APAC countries like India & China, the Asia-Pacific market for Flavor Enhancer is witnessing exponential growth. Increasing consumption of the product in developing countries is another key factor driving the regional market.
Top Key Player:
Tate & Lyle PLC (UK), Cargill Inc. (US), DuPont Nutrition & Health (US), Corbion N.V. (The Netherlands), Ajinomoto Co, Inc. (Japan), Sensient Technologies (US), and Innova Flavors (US) are some of the prominent players at the forefront of competition in the Global Flavor Enhancer Market and are profiled in MRFR Analysis.
Read More about the Report: https://www.marketresearchfuture.com/reports/flavor-enhancer-market-4870
About Market Research Future:
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