Flavor and Flavor Enhancers Market

Flavor and Flavor Enhancers Market - Global Industry Analysis 2015 - 2019 and opportunity cost assessment 2020 - 2030

Market Overview

Flavor and flavor enhancers are food additive often used in food processing to enhance the taste. They are used mostly in the food and beverage industry. The percentage of flavor enhancers in the final products of food and beverages is between 0.1 to 0.5. Flavors can be obtained from two sources, which are the natural source and the artificial or synthetic source. There are various steps involved in the production of flavor enhancers. The first step is the formulation stage. At this stage, the raw material used in the production of a flavor enhancer is formulated. After this stage, the manufacturing process is the next, where flavor enhancers are sent to food and beverage producers in the form of ingredients.

With the rise in consumer preference for a mouth savoring products, the flavor and flavor enhancers market is expected to rise tremendously. The increase in consumption of convenient food coup with the change in consumers’ lifestyle has raised the demand for processed food items, directly influencing the flavor and flavor enhancer market because their services will always be employed. The steady increase in health-conscious populations has facilitated the rise in demand for food items with low carbohydrate, sugar, salt and fat. And this has surged the demand for flavor and flavor enhancers globally due to its ability to enhance and change taste of food products. Besides, the rise in consumer satisfaction of flavor and flavor enhancers has generated the demand for its products globally.

Flavor and Flavor Enhancers Market Driven by Growing Consumers’ Demand for Healthy Food Ingredients

The rise in demand for healthy food products has created a surge in the global flavor and flavor enhancers market. Consumers’ are conscious of the food products they consume. They are demanding quality food items with significant health benefits, and this has fostered the rise in demand for flavor and flavor enhancers globally. Also, the rise in the per capita income of consumers has facilitated the industry growth, and this is expected to continue over the period of forecast.

Besides, the increase in demand for convenience food among consumers has fueled the growth of the industry. Convenience food or ready-to-eat-meals are often processed with flavor and flavor enhancers due to its taste-enhancing property. Moreover, the sensory effect of flavor and flavor enhancers has attracted and influenced consumers’ demand; thus, the food and beverage industry is fostered to use it in their products.

Rise in Demand for Natural Products

Consumers’ switch toward the consumption of natural products due to the adverse effect of consuming artificial products has generated a surge in demand for flavor and flavor enhancers globally. There are many health hazards associated with the consumption of synthetic or artificial products. The increasing application of natural flavors, such as juice, the essence of fruits, coffee flavoring, and many more in various food and beverage industry is driving the market forward tremendously.

Flavor and Flavor Enhancers Market: Region-wise Analysis

North America remains the largest market for flavor and flavor enhancers after accounting for the largest share of the total revenue. The region is projected to remain in dominance during the forecast period.

The Asia Pacific region and South America region are the fastest growing market for flavor and flavor enhancers products. The growing population size of consumers coupled with a rise in per capita income has generated a surge in the global market.

Flavor and Flavor Enhancers: Competitive Landscape

  • International Flavors & Fragrances Inc.
  • Firmenich SA
  • Givaudan
  • Takasago International Corporation
  • Sensient Technologies Corporation
  • Mane SA.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Flavor and Flavor Enhancers Market Segment Analysis

The global flavor and flavor enhancers market can be segmented on the following basis:

By Application

  • Processed Foods
  • Instant Food Products
  • Soups
  • Spice Mixes
  • Noodles
  • Sauces and Dressings
  • Bakery
  • Confectionary
  • Horeca
  • Others

By Source

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

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Flavor and Flavor Enhancers Market