Bitterness Suppressors and Flavor Carriers Market Size, Share | 2031

Bitterness Suppressors and Flavor Carriers Market Size, Share | 2031

Segments - Bitterness Suppressors and Flavor Carriers Market by Form (Solid and Liquid), Flavor Type (Artificial and Natural), Availability (Encapsulated and Non-encapsulated), Application (Pharmaceuticals and Food & Beverages), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-5967 | 4.8 Rating | 64 Reviews | 178 Pages | Format : PDF Excel PPT

Report Description


Bitterness Suppressors and Flavor Carriers Market Outlook 2031

The global bitterness suppressors and flavor carriers market size was USD 187.8 Mn in 2022 and is likely to reach USD 271 Mn by 2031, expanding at a CAGR of 4.16% during 2023–2031. The market growth is attributed to the rising innovations in product development and the growing food & beverage industry.

Growing consumer demand for enhanced taste profiles is anticipated to significantly boost the bitterness suppressors and flavor carriers market. Increasing research and development in the food industry leads to the creation of effective and efficient suppressors and flavor carriers.

Bitterness Suppressors and Flavor Carriers Market Outlook

A bitterness suppressor is a commonly used ingredient in the food & beverage and pharmaceutical industries to reduce bitterness. Many consumables in the form of food, beverages, and medicines tend to possess an unpleasant and bitter taste, which is off-putting. A bitterness suppressor reduces the undesirable flavor profile and makes the product palatable.

Flavor carriers derived naturally or artificially synthesized solvents, are used for the extraction and incorporation of flavors. They play a pivotal role in the food & beverage industry, contributing to attributes such as flavor enhancement, prolonged shelf life, and improved texture.

The market report finds that the COVID-19 pandemic hampered the bitterness suppressors and flavor carriers market. The pandemic disrupted global supply chains, which affected the availability of raw materials and ingredients required for the production of bitterness suppressors and flavor carriers.

This led to potential delays in manufacturing and distribution. During and post-pandemic, changes in consumer behavior, including the shift towards home cooking, and increased demand for packaged and processed foods led to a rise in demand for bitterness suppressors and flavor carriers.

Impact of Artificial Intelligence (AI) on Bitterness Suppressors and Flavor Carriers Market

Artificial Intelligence (AI) is expected to boost the revenue of the market players present in the bitterness suppressors and flavor carriers market. This technology plays a pivotal role in the market, as it analyzes vast amounts of data to help in the development and optimization of bitterness suppressors and flavor carriers. AI assists in optimizing the supply chain for bitterness suppressors and flavor carriers by ensuring timely availability and reducing costs associated with sourcing and production.

Bitterness Suppressors and Flavor Carriers Market Dynamics

Major Drivers

Increasing demand for functional food products is driving the market. Consumers are increasingly seeking food & beverage items that offer additional health benefits beyond basic nutrition. Functional food products often contain ingredients such as bitterness suppressors and flavor carriers, which play a crucial role in enhancing the taste and overall appeal of these products.

Additionally, a surge in health consciousness among consumers driven by increased awareness of various diseases, nutritional deficiencies, and a desire for healthy aging leads to a growing demand for functional food & beverage products.

Existing Restraints

Stringent government regulations hamper the market. Government regulations impose strict requirements on the production & use of bitterness suppressors and flavor carriers, which leads to compliance challenges for manufacturers. This results in increased costs and limitations on product innovation and development.

Emerging Opportunities

Rising innovation and product development are creating lucrative opportunities in the market. Consumer tastes and preferences are constantly changing. Innovations allow manufacturers to create bitterness suppressors and flavor carriers that cater to these shifting demands. Innovations also improve the effectiveness and efficiency of flavor carriers, leading to flavor enhancement and overall product quality, which provide consumer satisfaction.

Bitterness Suppressors and Flavor Carriers Market Dynamics

Scope of the Bitterness Suppressors and Flavor Carriers Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Bitterness Suppressors and Flavor Carriers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Form (Solid and Liquid), Flavor Type (Artificial and Natural), Availability (Encapsulated and Non-encapsulated), and Application (Pharmaceuticals and Food & Beverages)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill, Incorporated; Döhler GmbH; Firmenich SA.; Givaudan; International Flavors & Fragrances, Inc.; Kerry Group plc.; Sensient Colors LLC; Symrise; Takasago International Corporation; Tate & Lyle; and The HV Food Products Company.

Bitterness Suppressors and Flavor Carriers Market Segment Insights

Form Segment Analysis

Based on form, the bitterness suppressors and flavor carriers market is divided into solid and liquid. The liquid segment is expected to hold a dominant share of the market during the projection period, as it provides ease of integration into foods.

Liquid carriers are often easier to incorporate into various food & beverage formulations as compared to solid or powdered alternatives. They are easily mixed, blended, or dissolved while ensuring a uniform distribution of flavors and bitterness suppressors throughout the product. This results in a consistent and enjoyable eating & drinking experience for consumers.

The solid segment is projected to expand at a significant pace in the coming years, as it provides an extended shelf life of products and ease of transportation. Solid carriers often contribute to the stability and extended shelf life of food & beverage products.

They help prevent degradation and separation of ingredients, which leads to a long-lasting and high-quality product. Solid carriers are typically easier to handle and transport as compared to liquid alternatives. They are less prone to spillage, leakage, or spoilage during transit, which makes them a convenient choice for manufacturers.

Bitterness Suppressors and Flavor Carriers Market Form

Flavor Type Segment Analysis

On the basis of flavor type, the global market is segregated into artificial and natural. The natural segment is projected to expand at a high CAGR during the forecast period, due to growing consumer demands for natural products and rising health & wellness concerns.

Consumer seek natural ingredients and products as well as labels that use minimally processed ingredients. Natural bitterness suppressors and flavor carriers align with this demand, which makes them appealing to a wide range of consumers.

Natural ingredients are often perceived as healthier options as compared to chemically derived alternatives. Manufacturers are developing products with natural taste to cater to the wide consumer base. For instance,

  • In June 2021, BOMBAY SAPPHIRE, a premium gin brand introduced a novel creative expression of gin, named as BOMBAY BRAMBLE. This innovation is available in natural flavors made of raspberries and blackberries for a colorful cocktail with no added sugar.

The artificial segment is anticipated to gain a significant revenue share, as it provides precise control of the flavor and provides a long shelf life. Artificial ingredients are often made to provide precise and consistent flavor profiles. This level of control allows formulators to create products with specific taste characteristics, which is especially important in industries where consistency is a key factor.

Many artificial ingredients have a longer shelf life and are more stable under different storage conditions as compared to their natural counterparts. This boosts the overall quality and durability of the end product.

Availability Segment Analysis

Based on availability, the bitterness suppressors and flavor carriers market is divided into encapsulated and non-encapsulated. The encapsulated segment is expected to hold a major revenue share of the market, due to its improved stability and shelf life.

Encapsulation technology provides a protective coating around the active ingredients, including bitterness suppressors and flavor carriers. This protective layer helps prevent degradation or interaction with other ingredients in the product, which leads to improved stability and extended shelf life. This is particularly important in the food & beverage industry, where products often need to have a long shelf life to reach consumers effectively.

Bitterness Suppressors and Flavor Carriers Market Availability

Application Segment Analysis

On the basis of application, the bitterness suppressors and flavor carriers market is segmented into pharmaceuticals and food & beverages. The food & beverages segment is anticipated to register robust growth during the forecast period, due to changing consumer preferences for improved product formulation.

Consumer preferences play a crucial role in shaping product development and innovation in the food & beverage industry. Many consumers prefer food & beverages that have balanced flavors, with bitterness being one of the taste profiles that is challenging for some individuals to enjoy. Bitterness suppressors and flavor carriers are used in this industry to enhance the overall taste experience by making products palatable to a wide audience.

The pharmaceuticals segment is expected to hold a significant share of the market, owing to the growing demand for specialized drug delivery systems and rising focus on improving patient experience. Advancements in drug delivery technology led to the development of various specialized formulations, such as orally disintegrating tablets, chewable tablets, and liquid suspensions.

Bitterness suppressors and flavor carriers are crucial in formulating these products to ensure that they are effective as well as edible & user-friendly. Pharmaceutical industries enhance the overall experience of patients by using bitterness suppressors and flavor carriers.

Regional Outlook

In terms of region, the global bitterness suppressors and flavor carriers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the well-established food & beverage industry and high consumer demand for processed food.

North America has a robust and well-developed food & beverage industry with manufacturers that demand bitterness suppressors and flavor carriers. Consumption rate of processed food & beverages is high in the region. This encourages manufacturers to develop technology, leading to an increased need for ingredients such as bitterness suppressors and flavor carriers to enhance the taste and overall sensory experience of these products. For instance,

  • In March 2021, Givaudan introduced FlavorFinders, a technology that integrates consumer preferences into the product design process for North America. This innovative approach leverages extensive data collected over the years to generate fresh ideas and insights.

The market in Asia Pacific is projected to grow rapidly during the forecast period, owing to the rising urbanization and changing lifestyles. Urbanization and evolving lifestyles in Asia Pacific led to a shift in dietary preferences.

Consumers are increasingly seeking convenience foods and beverages, which often require the use of flavor enhancers such as bitterness suppressors and flavor carriers. Additionally, the booming food & beverage industry leads to innovation in the flavor and taste of products, which drives the adoption of bitterness suppressors and flavor carriers.

Bitterness Suppressors and Flavor Carriers Market Regions

Segments

The bitterness suppressors and flavor carriers market has been segmented on the basis of

Form

  • Solid
  • Liquid

Flavor Type

  • Artificial
  • Natural

Availability

  • Encapsulated
  • Non-encapsulated

Application

  • Pharmaceuticals
  • Food & Beverages

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Cargill Incorporated
  • Döhler GmbH
  • Firmenich SA.
  • Givaudan
  • International Flavors & Fragrances Inc.
  • Kerry Group plc.
  • Sensient Colors LLC
  • Symrise
  • Takasago International Corporation
  • Tate & Lyle
  • The HV Food Products Company

Competitive Landscape

Key players competing in the global bitterness suppressors and flavor carriers market are Cargill, Incorporated; Döhler GmbH; Firmenich SA.; Givaudan; International Flavors & Fragrances, Inc.; Kerry Group plc.; Sensient Colors LLC; Symrise; Takasago International Corporation; Tate & Lyle; and The HV Food Products Company.

These prominent companies adopted several development strategies, including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,

  • In March 2023, Hidden Valley Ranch, the makers of Original Ranch, introduced a fresh addition to its lineup: pickle-flavored Hidden Valley Ranch. This delectable new flavor, which is stocked at Walmart stores nationwide, combines the signature creaminess of Hidden Valley Ranch with a lively, zesty twist.

    Bitterness Suppressors and Flavor Carriers Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bitterness Suppressors and Flavor Carriers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bitterness Suppressors and Flavor Carriers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bitterness Suppressors and Flavor Carriers Market - Supply Chain
  4.5. Global Bitterness Suppressors and Flavor Carriers Market Forecast
     4.5.1. Bitterness Suppressors and Flavor Carriers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bitterness Suppressors and Flavor Carriers Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Bitterness Suppressors and Flavor Carriers Market Absolute $ Opportunity
5. Global Bitterness Suppressors and Flavor Carriers Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Applications
     5.3.1. Pharmaceuticals
     5.3.2. Food & Beverages
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Bitterness Suppressors and Flavor Carriers Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Bitterness Suppressors and Flavor Carriers Demand Share Forecast, 2019-2026
7. North America Bitterness Suppressors and Flavor Carriers Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Applications
     7.4.1. Pharmaceuticals
     7.4.2. Food & Beverages
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Bitterness Suppressors and Flavor Carriers Demand Share Forecast, 2019-2026
8. Latin America Bitterness Suppressors and Flavor Carriers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Applications
     8.4.1. Pharmaceuticals
     8.4.2. Food & Beverages
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Bitterness Suppressors and Flavor Carriers Demand Share Forecast, 2019-2026
9. Europe Bitterness Suppressors and Flavor Carriers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Applications
     9.4.1. Pharmaceuticals
     9.4.2. Food & Beverages
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Bitterness Suppressors and Flavor Carriers Demand Share Forecast, 2019-2026
10. Asia Pacific Bitterness Suppressors and Flavor Carriers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Applications
     10.4.1. Pharmaceuticals
     10.4.2. Food & Beverages
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Bitterness Suppressors and Flavor Carriers Demand Share Forecast, 2019-2026
11. Middle East & Africa Bitterness Suppressors and Flavor Carriers Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Bitterness Suppressors and Flavor Carriers Market Size and Volume Forecast by Applications
     11.4.1. Pharmaceuticals
     11.4.2. Food & Beverages
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Bitterness Suppressors and Flavor Carriers Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Bitterness Suppressors and Flavor Carriers Market: Market Share Analysis
  12.2. Bitterness Suppressors and Flavor Carriers Distributors and Customers
  12.3. Bitterness Suppressors and Flavor Carriers Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Cargill Incorporated
     12.4.2. Döhler GmbH
     12.4.3. Firmenich SA.
     12.4.4. Givaudan
     12.4.5. International Flavors & Fragrances Inc.
     12.4.6. Kerry Group plc.
     12.4.7. Sensient Colors LLC
     12.4.8. Symrise
     12.4.9. Takasago International Corporation
     12.4.10. Tate & Lyle
     12.4.11. The HV Food Products Company

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