Flavors play a fundamental role in packaged food and beverages. Companies operating in the food and beverages industry are focusing on altering the flavors of natural food products such as vegetables and meats to create a flavour for food products that do not have any desired flavors. Artificial flavors are still being used on a large scale to provide a diverse variety of flavors. Meanwhile, artificial flavors also allow people especially suffering from food allergies to consume flavors that they otherwise cannot consume.
Exotic spices are also being used in food processing industry to add some spicy touch to the food as well as beverages. Consumers are looking for sports nutrition products. In extensive sports nutrition product range, chocolate, strawberry, and vanilla are the flavours that are in demand in Flavour Enhancers market.
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With new technologies, the way ingredients are produced is multi-faceted, this has created a confusion on what qualifies an ingredient to be natural. Moreover, definition of natural ingredient also varies from country to country. These factors are making the standardization process more complex and a growing challenge for the food flavoring industry. Meanwhile, food and beverages companies are constantly trying to hold larger share in market through research and development and innovations.
Herbal flavours including matcha and kombucha are expected to take hold on the market for food flavours in the coming years. Moreover, with increasing consumption of ready to drink beverages, companies are focusing on introducing new flavors showcasing impactful and clean flavour profile.
According to the latest report by Fact.MR, the global flavour enhancers market is expected to witness steady growth during 2017-2026. The market is also projected to expand at a CAGR of 5.4% in terms of value. By the end of 2026, the global flavour enhancers market is projected to reach 3,495 thousand tons in terms of volume.
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Flavour Enhancers in Powder Form to Gain Maximum Traction
Compared to the liquid form of flavour enhancers, powers form is likely to witness significant growth. Flavour enhancers in powder form are estimated to exceed US$ 2,900 million revenue by 2026 end. Flavour enhancers in powdered form are easy to use as compared to the liquid form.
Moreover, powdered form of flavour enhancers are being used on a large scale in bakery products. Technological advancement is leading to the increased use of powder form of flavour enhancers as dosing is also easy.
Flavour Enhancers to Find Largest Application in Beverages
Beverages are likely to account for the largest application of flavour enhancers between 2017 and 2026. Beverages are estimated to reach close to US$ 1,300 million revenue towards 2026 end.
Manufacturers in food and beverages industry are focusing on producing new beverages with unique flavours. Moreover, flavour enhancers help beverage companies to reformulate products, maintaining the taste of the product.
The report also comprises profiles of the leading companies in the global market for flavour enhancers, which will operate through 2026. These include companies such as Cargill, Tate & Lyle PLC, Associated British Foods plc, Corbion N.V., Sensient Technologies, Firmenich SA, Givaudan, Takasago International Corporation, Mane SA, IFF, Stymies AG, Quest, Takasago, and Danisco.
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