Flavor Enhancer Market to Exceed a Healthy Grow at CAGR of 5.2% by Forecast to 2023

Flavor Enhancer Market
Flavor Enhancer Market Information: by Type (Natural and Artificial), Ingredients (Glutamate, Acidulant, Yeast Extract, Hydrolyzed Vegetable Proteins and others), Form (Powder, Liquid and others), Application (Bakery & Confectionery and others) and Region

Market Overview:

Flavor enhancer is a food additive used in food and beverages to add flavor to the food and enhance the taste of the food. There are mainly two types of flavor enhancer in the market: natural and artificial. The natural flavor is distinct from artificial on the basis of source of chemical formulation used in its process. They are used only around 0.1 percent to 0.5 percent in the final products of food and beverages. The industries in which they are applied include bakery & confectionery, dairy & frozen desserts, snacks, beverages, meat products, and others. They are made available to the manufacturers in different forms including powder, liquid, and others.

Asia Pacific is expected to have a substantial growth over the forecast period 2017-2023. In Asia Pacific, China is the major contributor to flavor enhancer market followed by India. Increasing number of working population followed by an inclination towards processed foods is driving the flavor enhancer market in this region.

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More traction gained through sensory effects in food is supporting the growth of the market. The steady growth of fast foods in developing countries is lubricating the demand for flavor enhancers in this market. However, increasing health awareness among consumers may restrain the market growth. Nevertheless, all these factors are projected to lead the growth of the Asia Pacific market at a CAGR of 5.9% during the forecast period 2017-2023.

Major Key Players:

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major flavor enhancer players. It further includes product portfolios, developments of leading players, which includes

  • Cargill Inc. (U.S.)
  • Tate & Lyle PLC (U.K.)
  • DuPont Nutrition & Health (U.S.)
  • Ajinomoto Co, Inc. (Japan)
  • Corbion N.V. (The Netherlands)
  • Sensient Technologies (U.S.)  and
  • Innova Flavors (U.S.)

Segments:

Flavor enhancer is segmented on the basis of type as natural and artificial. Natural flavor enhancer are gaining popularity among consumers against artificial flavor enhancer. The side effects caused due to artificial flavor enhancer has replaced it by natural flavor enhancer, which is driving the growth of the natural flavor enhancer segment.

Based on the ingredients, the market is segmented into glutamate, acidulant, yeast extract, hydrolyzed vegetable proteins, and others. Among all, glutamate is dominating the market. However, yeast extract is expected to grow substantially over the forecasted period.

On the basis of the form, the market is segmented into powder, liquid, and others. The powdered form is dominating the market due to its ease of use for the manufacturers.

Based on the application, the flavor enhancer market is segmented into bakery & confectionery, dairy & frozen desserts, snacks, beverages, meat products, and others. The bakery and confectionery segment is dominating the market followed by beverage industry.

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Regional Analysis:

The global flavor enhancer market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is likely to dominate the market. However, Asia Pacific is the fastest growing region in the flavor enhancer in which India and China are the major contributors.

There are many regulatory bodies that are banning the use of artificial food flavors and enhancers in Europe, which is restraining the growth in this region. However, continuous R&D efforts is bringing innovation in the flavor enhancer market, which is boosting its growth in rest of the world.

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