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Flavor and Flavor Enhancers Market

Market Insights on Flavor and Flavor Enhancers covering sales outlook, demand forecast & up-to-date key trends

Flavor and Flavor Enhancers Market By Form, Source, End Use & Region - Forecast 2022-2032

Flavor and Flavor Enhancers Market Outlook (2022-2032)

The Flavor and Flavor Enhancers market is valued at USD 11.0 Bn in 2022 and is projected to grow at a CAGR of 3.9% during the forecast period, to reach a value of USD 16.1 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global Flavor and Flavor Enhancers demand is projected to grow year-on-year (Y-o-Y) growth of 2.6% in 2022.

Market Size Value in 2022

USD 11.0 Bn

Market Forecast Value in 2032

USD 16.1 Bn

Global Growth Rate (2022 to 2032)

3.9% CAGR

Forecast Period

2022-2032

Collective Value Share: Top 3 Countries (2021A)

41.4%

Food additives like flavor and flavor enhancers are frequently used in food preparation to improve the taste. They are primarily employed in the food and beverage sector. Between 0.1 and 0.5 ml of Flavor, enhancers are present in the finished foods and beverages. There are two places where Flavors can be found: naturally and artificially or synthetically.

The process of making Flavor enhancers involves several processes. The formulation phase is the first step. This stage involves formulating the raw material that will be utilized to create a Flavor enhancer. Flavor enhancers are then provided to companies that make food and beverages in the form of ingredients as the next step in the manufacturing process.

The market for Flavors and Flavor enhancers is anticipated to grow significantly as consumer preference for mouth-watering products increases. The demand for processed food items has increased due to the rise in the consumption of quick meals and changes in consumer lifestyles. This has a direct impact on the market for Flavors and Flavor enhancers because these products will always be needed.

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2017-2021 Flavor and Flavor Enhancers Market Outlook Compared to 2022-2032 Forecast

the market grew with a CAGR of 3.5% between 2017-21 as the rise in demand for foods with minimal carbohydrate, sugar, salt, and fat content has been assisted by the constant increase in the number of health-conscious people in society. And because of their capacity to improve and alter the Flavor of food products, Flavor and Flavor enhancer demand has increased significantly. Additionally, the demand for its products has increased globally due to consumers' increased satisfaction with Flavor and Flavor enhancers.

The Demand for Healthy Food Ingredients is Driving the Growth of the Flavor and Flavor Enhancers Market

The market for Flavors and Flavor enhancers has experienced tremendous growth due to the rising demand for healthy food products. Customers are aware of the food they consume. They want high-quality foods with noticeable health advantages, which has fuelled an increase in the demand for Flavor and Flavor enhancers around the world. The industry's expansion has been assisted by the rise in consumer per capita income, and this trend is anticipated to continue over the projected period.

Additionally, the sector has expanded because of the rise in customer demand for convenience meals. For their ability to enhance Flavor, convenience foods and ready-to-eat meals frequently contain Flavor and Flavor enhancers in their processing. also, Flavor and Flavor enhancers' sensory impact has drawn attention to

Moreover, global demand for Flavor and Flavor enhancers has increased due to consumers' shift toward the consumption of natural products due to the negative effects of ingesting artificial items. Consuming synthetic or artificial items is related to several health risks. The market is being greatly pushed ahead by the growing use of natural Flavors in various food and beverage industries, including juice, fruit essence, coffee Flavoring, and many others.

Nandini Roy Choudhury
Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Country-wise Insights

How is the US Flavor and Flavor Enhancers Market Shaping?

According to FMI, the United States would account for 76.9% of income by 2032 in North America Market. Food flavor enhancer makers in the US are turning to plant-based sources such as plant extracts or vegetable powders in pursuit of organic and vegetarian products, resulting in increased sales of Flavor and Flavor Enhancers and enhancers in the country.

What Factors Are Leading to the Growth of UK’s Flavor and Flavor Enhancers Market?

According to FMI, UK Flavor and Flavor Enhancers market would account for 23.1% of the market share in 2022 in Europe. As, consumer’s busy lifestyles have led to the substitution of manufactured foods, which are readily available at neighboring stores, for cooked meals. In the country, ready-to-cook meals, packaged sauces, and instant dinners are becoming increasingly popular, therefore, boosting the Flavor and Flavor Enhancers market.

Category-wise Insights

What is the Demand for Natural forms of Flavors & Flavor Enhancer Shaping?

Natural flavors & flavors enhancers are expected to grow at a CAGR of roughly 7.5%, according to FMI. Consumer concerns about the negative effects of artificial flavors on human health, such as attention deficit hyperactivity disorder (ADHD) in children and other general symptoms like asthma worsening, allergic reactions and food hypersensitivity, diarrhea, abdominal pain, and vomiting, are likely to pave the way for the use of natural flavors in food products, boosting market share.

What is the Demand for Liquid forms of Flavors & Flavor Enhancer Shaping?

Growing consumer awareness of their health and the value of proper physical hydration has changed consumer focus to the consumption of beverage items, which has led to the promotion of Flavors and Flavor enhancers in liquid form.

Demand for healthier and specialty beverage products like fruit juices, sugar-free drinks, sports drinks, and functional drinks is increasing as the prevalence of health issues like obesity, diabetes, and high blood pressure rises. At the same time, the need for new novel tastes to improve the taste profile is growing, further complicating the industry landscape.

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Competitive Landscape

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Scope of Report

Attribute

Details

Market Size Value in 2022

USD 11.0 Bn

Market Forecast Value in 2032

USD 16.1 Bn

Global Growth Rate

3.9% CAGR

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Bn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others

Key Market Segments Covered

Form, Source, End-Use Application

Key Companies Profiled

  • International Flavors & Fragrances Inc.
  • Firmenich SA
  • Givaudan
  • Takasago International Corporation
  • Sensient Technologies Corporation
  • Mane SA.
  • Cargill
  • Tate & Lyle PLC
  • Associated British Foods plc
  • Corbion N.V.
  • Sensient Technologies
  • Others

Pricing

Available upon Request

Flavor and Flavor Enhancers Market by Category

By Form:

  • Powder
  • Liquid

By Source:

  • Natural
    • Yeast Extract
    • Hydrolyzed Animal Protein
    • Hydrolyzed Plant Protein
    • Maltol
    • Others
  • Synthetic
    • Glutamates:
    • Nucleotides
    • Acids

By End Use:

  • Food & Beverages
    • Processed Foods
    • Instant Food Products
    • Soups
    • Spice Mixes
    • Noodles
    • Sauces and Dressings
    • Bakery & Confectionary
  • Foodservice (Horeca)
  • Others (Infant Formula, Sports Nutrition)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

The Flavor and Flavor Enhancers market is estimated to reach sales of nearly USD 11.0 Bn by 2022.

Flavor and Flavor Enhancers market revenue is expected to increase at a CAGR of around 3.9% during the period 2022-2032.

Flavor and Flavor Enhancers sales increased a CAGR of around 3.2% over the past half-decade.

The global Flavor and Flavor Enhancers market value is estimated to be around USD 16.1 Bn in 2032.

The top countries driving the Flavor and Flavor Enhancers demand are the US, Germany, China, and UK.

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Nandini Roy Choudhury
Principal Consultant
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Flavor and Flavor Enhancers Market