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Flavor Enhancer Market Report Scope & Overview:

Flavor Enhancer Market Revenue Analysis

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The Flavor Enhancer Market size was USD 8.52 billion in 2023, is expected to Reach USD 13.68 billion by 2032, and grow at a CAGR of 5.4% over the forecast period of 2024-2032.

Flavor enhancers are substances that are added to food to enhance the taste of food. They do not have a taste of their own, but they are added by enhancing the existing flavors of food. Flavor enhancers are also used to make processed meats tastier and more appealing.

Based on Type, the Flavor enhancers are categorized into Acidulants, Glutamates, Yeast Extracts, Hydrolyzed Vegetable Proteins, and Others. The glutamates segment has a major share of 40% in 2022. Glutamates are amino acids found in a variety of meals, including meat, seafood, vegetables, and dairy products. They have a savory taste known as umami. Acidulants are the second most segment accounting for a share of 25%. Acidulants are food additives that are used to give food a sour or acidic flavor. They are also used to preserve food and to improve its flavor.

MARKET DYNAMICS

KEY DRIVERS

  • Increasing demand for foods and beverages

Flavor enhancers can be natural or synthetic additive materials. Some common natural flavor enhancers include salt, MSG, yeast extract, and hydrolyzed vegetable protein. Flavor enhancers are used to improve the taste and palatability of foods and beverages that have been processed and packaged. In processed meats such as hot dogs and sausages, yeast extract and hydrolyzed vegetable protein are widely employed. This is fueling demand for taste enhancers, which make these products more enticing to customers.

RESTRAIN

  • Stringent regulations and quality standards

The Codex Alimentarius Commission General Standard Food Additives establishes international guidelines for food additives. These criteria are used by regulatory agencies all across the world. specified criteria must be completed by manufacturers for their flavor enhancers to be of a specified standard. Stability, potency, and purity requirements may be added. Furthermore, producers must accurately and completely label their flavor enhancers.

OPPORTUNITY

  • Expansion into new markets

The need for flavor enhancers is rising in emerging nations since processed foods and beverages frequently contain a lot of flavor enhancers. Applications for flavor enhancers include processed convenience meals, meat and fish products, beverages, and many more. The demand for processed foods and beverages is rising in China, where the food industry is expanding quickly. The market for flavor enhancers is expanding into emerging markets, which is fueling this expansion. This expansion is brought by increased urbanization, rising disposable incomes, and shifting consumer preferences, as well as rising demand for processed foods and beverages.

CHALLENGES

  • Negative consumer perception

consumers who have a negative perception of flavor enhancers are less likely to purchase foods and beverages that contain flavor enhancers. Flavor enhancers can be complex chemicals, and some consumers may be concerned about the potential health risks associated with these chemicals. flavor enhancers have been linked to allergic reactions in some people.

IMPACT OF RUSSIA-UKRAINE WAR

Russia and Ukraine are major exporters of raw materials used in flavor enhancer manufacture, including cornstarch, yeast extract, and hydrolyzed vegetable proteins. The war has interrupted the availability of these raw materials, which is expected to result in higher pricing and flavor enhancer shortages. Flavor enhancer prices are predicted to rise by 5% in 2023. Flavor enhancer shortages are projected in various markets, including Europe and North America. The war's impact on the Asia Pacific flavor enhancers market is likely to be minimal. In Asia Pacific, flavor enhancer prices are predicted to rise by 6% in 2023.

IMPACT OF ONGOING RECESSION

The recession has impacted the flavor enhancer market. The global flavor enhancers market is predicted to grow at a slower rate in 2023 than it would have without the war. Food inflation is increase by 9% in 2022. Furthermore, the recession has reduced the supply and manufacture of enhancers. During a recession, food manufacturers may employ more flavor enhancers in their products to cut costs. In Europe, flavor enhancer prices are predicted to rise by 15% in 2023, with shortages conceivable.

MARKET SEGMENTATION

by Type

  • Acidulants

  • Glutamates

  • Yeast Extracts

  • Hydrolyzed Vegetable Proteins

  • Others

by Application

  • Processed Convenience Foods

  • Meat and Fish Products

  • Beverages

  • Others

REGIONAL ANALYSIS

Asia Pacific is the fastest-growing market with a CAGR of 5.3% in 2022. The regional market is majorly driven by increasing demand for flavored milk and yogurt, which has been witnessing an increase in consumption across countries like Japan, China, Singapore, Thailand, and others that frequently use flavor enhancers in a variety of food preparations since they are low in salt and have other health advantages that are well-liked by the region's customers. China is the country with the highest MSG usage in noodles.

North America is the largest market for flavor enhancers market in 2022. The demand in the United States for flavor enhancers is estimated to grow at a CAGR of 4.8%.  The increasing demand for processed foods and beverages, such as instant noodles, soups, sauces, and snacks, is driving the expansion of the flavor enhancers market. Flavor enhancers offer food manufacturers a convenient way to adjust shifting tastes and adapt to a wide range of taste preferences.

Europe has a significant market for flavor enhancers market in 2022. The increased demand for convenience foods and beverages, such as ready meals, soups, and sauces, is driving the expansion of the European flavor enhancers market. Ajinomoto Group, DuPont, Frutarom, and Symrise are among the major key players in the European flavor enhancers market.

Flavor-Enhancer-Market-Regional-Analysis-2023

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REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS

Some major key players in the Torpedo Market are Cargill Inc., Givaudan, Tate & Lyle PLC, Sensient Technologies, Mane SA, Associated British Foods Plc., Danisco A/S, Corbion N.V., International Flavors & Fragrances Inc. (IFF), Takasago International Corporation, Firmenich SA, Quest Nutrition LLC, and other key players.

RECENT DEVELOPMENTS

In 2023, International Flavors & Fragrances Inc. introduced ChoozIt Vintage to the American and Canadian markets. ChoozIt Vintage may be able to assist cheddar cheese producers in overcoming undesired flavor development during aging by giving highly consistent pH along with texture results through the ripening process.

In 2022, Givaudan launched NaNino+, a natural flavoring component that can be used to replace nitrites in processed meat. The product was initially introduced in Europe for emulsified cooked sausages, but its capabilities were later expanded to include cooked ham and bacon.

In 2022, International Trade Solutions introduced Vegan Boosts, a brand of natural flavor enhancers in powdered form. Additionally, businesses use flavor enhancers to boost the sensory appeal of bakery goods.

Flavor Enhancer Market Report Scope:
Report Attributes Details
Market Size in 2023  USD 8.52 Billion
Market Size by 2032  USD 13.68 Billion
CAGR   CAGR of 5.4 % From 2024 to 2032
Base Year 2023
Forecast Period  2024-2032
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Acidulants, Glutamates, Yeast Extracts, Hydrolyzed Vegetable Proteins, Others)
• By Application (Processed Convenience Foods, Meat and Fish Products, Beverages, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Cargill Inc., Givaudan, Tate & Lyle PLC, Sensient Technologies, Mane SA, Associated British Foods Plc., Danisco A/S, Corbion N.V., International Flavors & Fragrances Inc. (IFF), Takasago International Corporation, Firmenich SA, Quest Nutrition LLC
Key Drivers • Increasing demand for foods and beverages
Market Restrain • Stringent regulations and quality standards

 

Frequently Asked Questions

Ans: Flavor Enhancer Market is anticipated to expand by 5.4% from 2024 to 2032.

Ans:  Increased demand for food and beverage are the drivers of the Flavor Enhancer Market.

Ans:  USD 13.68 billion is expected to grow by 2032.

Ans: Asia Pacific is the fastest-growing Flavor Enhancer Market.

Ans: Stringent regulations and quality standards are the restraints of the Flavor Enhancer Market.

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.3. Introduction
4.3.1 Impact on Major Economies
4.3.1.1 US
4.3.1.2 Canada
4.3.1.3 Germany
4.3.1.4 France
4.3.1.5 United Kingdom
4.3.1.6 China
4.3.1.7 Japan
4.3.1.8 South Korea
4.3.1.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Flavor Enhancer Market Segmentation, By Type
8.1 Acidulants
8.2 Glutamates
8.3 Yeast Extracts
8.4 Hydrolyzed Vegetable Proteins
8.5 Others

9. Flavor Enhancer Market Segmentation, By Application
9.1 Processed Convenience Foods
9.2 Meat and Fish Products
9.3 Beverages
9.4 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Flavor Enhancer Market by Country
10.2.2 North America Flavor Enhancer Market by Type
10.2.3 North America Flavor Enhancer Market by Application
10.2.4 USA
10.2.4.1 USA Flavor Enhancer Market by Type
10.2.4.2 USA Flavor Enhancer Market by Application
10.2.5 Canada
10.2.5.1 Canada Flavor Enhancer Market by Type
10.2.5.2 Canada Flavor Enhancer Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Flavor Enhancer Market by Type
10.2.6.2 Mexico Flavor Enhancer Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Flavor Enhancer Market by Country
10.3.1.2 Eastern Europe Flavor Enhancer Market by Type
10.3.1.3 Eastern Europe Flavor Enhancer Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Flavor Enhancer Market by Type
10.3.1.4.2 Poland Flavor Enhancer Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Flavor Enhancer Market by Type
10.3.1.5.2 Romania Flavor Enhancer Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Flavor Enhancer Market by Type
10.3.1.6.2 Hungary Flavor Enhancer Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Flavor Enhancer Market by Type
10.3.1.7.2 Turkey Flavor Enhancer Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Flavor Enhancer Market by Type
10.3.1.8.2 Rest of Eastern Europe Flavor Enhancer Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Flavor Enhancer Market by Country
10.3.2.2 Western Europe Flavor Enhancer Market by Type
10.3.2.3 Western Europe Flavor Enhancer Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Flavor Enhancer Market by Type
10.3.2.4.2 Germany Flavor Enhancer Market by Application
10.3.2.5 France
10.3.2.5.1 France Flavor Enhancer Market by Type
10.3.2.5.2 France Flavor Enhancer Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Flavor Enhancer Market by Type
10.3.2.6.2 UK Flavor Enhancer Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Flavor Enhancer Market by Type
10.3.2.7.2 Italy Flavor Enhancer Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Flavor Enhancer Market by Type
10.3.2.8.2 Spain Flavor Enhancer Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Flavor Enhancer Market by Type
10.3.2.9.2 Netherlands Flavor Enhancer Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Flavor Enhancer Market by Type
10.3.2.10.2 Switzerland Flavor Enhancer Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Flavor Enhancer Market by Type
10.3.2.11.2 Austria Flavor Enhancer Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Flavor Enhancer Market by Type
10.3.2.12.2 Rest of Western Europe Flavor Enhancer Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Flavor Enhancer Market by Country
10.4.2 Asia Pacific Flavor Enhancer Market by Type
10.4.3 Asia Pacific Flavor Enhancer Market by Application
10.4.4 China
10.4.4.1 China Flavor Enhancer Market by Type
10.4.4.2 China Flavor Enhancer Market by Application
10.4.5 India
10.4.5.1 India Flavor Enhancer Market by Type
10.4.5.2 India Flavor Enhancer Market by Application
10.4.6 Japan
10.4.6.1 Japan Flavor Enhancer Market by Type
10.4.6.2 Japan Flavor Enhancer Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Flavor Enhancer Market by Type
10.4.7.2 South Korea Flavor Enhancer Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Flavor Enhancer Market by Type
10.4.8.2 Vietnam Flavor Enhancer Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Flavor Enhancer Market by Type
10.4.9.2 Singapore Flavor Enhancer Market by Application
10.4.10 Australia
10.4.10.1 Australia Flavor Enhancer Market by Type
10.4.10.2 Australia Flavor Enhancer Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Flavor Enhancer Market by Type
10.4.11.2 Rest of Asia-Pacific Flavor Enhancer Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Flavor Enhancer Market by Country
10.5.1.2 Middle East Flavor Enhancer Market by Type
10.5.1.3 Middle East Flavor Enhancer Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Flavor Enhancer Market by Type
10.5.1.4.2 UAE Flavor Enhancer Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Flavor Enhancer Market by Type
10.5.1.5.2 Egypt Flavor Enhancer Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Flavor Enhancer Market by Type
10.5.1.6.2 Saudi Arabia Flavor Enhancer Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Flavor Enhancer Market by Type
10.5.1.7.2 Qatar Flavor Enhancer Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Flavor Enhancer Market by Type
10.5.1.8.2 Rest of Middle East Flavor Enhancer Market by Application
10.5.2 Africa
10.5.2.1 Africa Flavor Enhancer Market by Country
10.5.2.2 Africa Flavor Enhancer Market by Type
10.5.2.3 Africa Flavor Enhancer Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Flavor Enhancer Market by Type
10.5.2.4.2 Nigeria Flavor Enhancer Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Flavor Enhancer Market by Type
10.5.2.5.2 South Africa Flavor Enhancer Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Flavor Enhancer Market by Type
10.5.2.6.2 Rest of Africa Flavor Enhancer Market by Application
10.6 Latin America
10.6.1 Latin America Flavor Enhancer Market by Country
10.6.2 Latin America Flavor Enhancer Market by Type
10.6.3 Latin America Flavor Enhancer Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Flavor Enhancer Market by Type
10.6.4.2 Brazil Flavor Enhancer Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Flavor Enhancer Market by Type
10.6.5.2 Argentina Flavor Enhancer Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Flavor Enhancer Market by Type
10.6.6.2 Colombia Flavor Enhancer Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Flavor Enhancer Market by Type
10.6.7.2 Rest of Latin America Flavor Enhancer Market by Application

11. Company Profile
11.1 Cargill Inc.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Tate & Lyle PLC
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Givaudan
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Sensient Technologies
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Mane SA
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Associated British Foods Plc.
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Danisco A/S
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Corbion N.V.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 International Flavors & Fragrances Inc.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Takasago International Corporation
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Firmenich SA
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 Quest Nutrition LLC
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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