Food Flavor and Enhancer Market

Food Flavor and Enhancer Market

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Anuradha

Author :

Anuradha B. More

Vaibhav

Fact-checked by :

Vaibhav Chandola

Aman

Editor :

Aman Singh

 The global food flavor and enhancer market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for foods with health benefits and long shelf life.

Flavors are extra addition to food that provides them a particular taste or smell. These flavors are made from natural ingredients or created artificially. Flavor enhancers are compounds that are added to a food in order to enhance its own natural flavor. Some common food flavors include monosodium glutamate (MSG)
nucleotides (IMP and GMP), and yeast extracts, while some examples of flavor enhancers are nuts, fruits, spices, mushrooms, and vegetables.

Food Flavor and Enhancer Market

The COVID-19 pandemic led to an unexpected global public health emergency, which in turn, affected all industries. Amidst the COVID-19 period, consumers have become more health conscious and this has changed the consumers’ behavior and purchasing patterns.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for healthy ingredients is anticipated to drive the market growth during the forecast period.
  • Growing influential trend for new exotic and ethnic flavors is estimated to spur the market growth in the coming years.
  • Rising preference for premium-quality products is projected to boost the market growth in the coming years.
  • The demand for additives that can maintain the food's nutritive value is anticipated to drive the market growth during the forecast period.
  • Increasing premium lines of seasonings and sauces is estimated to spur the market growth in the coming years.
  • Rising consumer awareness about health is estimated to restrict the market growth.
  • High price of raw material, high entry barriers, and price pressure on manufacturers are projected to hamper the market growth.
  • Development of natural flavor enhancers is anticipated to create opportunities for the market.

Scope of Food Flavor and Enhancer Report

The report on the global food flavor and enhancer market 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

Food Flavor and Enhancer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Food Flavors [Natural Flavors, Synthetic Flavors, and Nature Identical Flavoring] and Flavor Enhancers) and Applications (Dairy, Bakery, Confectionery, Savory Snacks, Meat, Beverages, Savory Snacks, Soups and Sauces, and Others)

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, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill; Givaudan; Corbion; Sensient; and ADM.

Food Flavor and Enhancer Market Segment Insights

Flavor enhancer segment to hold a significant market share

On the basis of types, the market is divided into food flavors and enhancers. The food flavors segment is segmented into natural flavors, synthetic flavors, and nature identical flavors. The natural flavor sub-segment is expected to hold a key share of the market in the coming years, as it helps  to make food taste better and fresher. Moreover, the preference for natural food products is driving the segment growth.

The synthetic flavors sub-segment  is estimated to grow at a robust pace during the forecast period. These flavors are artificial flavors, which generally cost less to produce than finding natural sources of chemicals.

Food Flavor and Enhancer Market Types

Bakery segment is projected to expand at a considerable CAGR

Based on applications, the market is segregated into dairy, bakery, confectionery, savory snack, meat, beverages, savory snacks, soups and sauces, and others. The soup and sauces segment is projected to expand at a considerable CAGR during the forecast period. Young population is purchasing food items in regards to health benefits. Moreover, increasing vegan trend is propelling the segment growth. On the other hand, the bakery segment is anticipated to expand at a robust rate during the forecast period.

Food Flavor and Enhancer Market Applications

North America is estimated to account a major market share

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a significant share of the market during the projected period owing to rising demand for processed food products. However, the market in Asia Pacific is anticipated expand at a rapid pace during the forecast period.

Food Flavor and Enhancer Market Regions

Segments

The global food flavor and enhancer market has been segmented on the basis of

Types

  • Food Flavors
    • Natural Flavors
    • Synthetic Flavors
    • Nature Identical Flavoring
  • Food Enhances

Applications

  • Bakery
  • Confectionery
  • Dairy
  • Beverages
  • Savory Snacks
  • Soups and Sauces
  • Others

Regions

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

Key Players

Competitive Landscape

Key players competing in the global food flavor and enhancer market includes Cargill; Givaudan; Corbion; Sensient; and ADM.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

In 2020, International Flavors & Fragrances Inc. announced merger with DuPont’s Nutrition & Bio-science, both are doing their work under the brand name IFF and produce high-value ingredients and solutions for the food & beverage, home & personal care, and health & wellness market.

Food Flavor and Enhancer Market Share

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavor and Enhancer 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. Food Flavor and Enhancer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Flavor and Enhancer Market - Supply Chain
  4.5. Global Food Flavor and Enhancer Market Forecast
     4.5.1. Food Flavor and Enhancer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Flavor and Enhancer Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Food Flavor and Enhancer Market Absolute $ Opportunity
5. Global Food Flavor and Enhancer Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Food Flavor and Enhancer Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Food Flavor and Enhancer Demand Share Forecast, 2019-2026
6. North America Food Flavor and Enhancer Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Food Flavor and Enhancer Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Food Flavor and Enhancer Demand Share Forecast, 2019-2026
7. Latin America Food Flavor and Enhancer 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Food Flavor and Enhancer Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Food Flavor and Enhancer Demand Share Forecast, 2019-2026
8. Europe Food Flavor and Enhancer 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. Europe Average Pricing Analysis
  8.2. Europe Food Flavor and Enhancer Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Food Flavor and Enhancer Demand Share Forecast, 2019-2026
9. Asia Pacific Food Flavor and Enhancer 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Food Flavor and Enhancer Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Food Flavor and Enhancer Demand Share Forecast, 2019-2026
10. Middle East & Africa Food Flavor and Enhancer 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Food Flavor and Enhancer Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Food Flavor and Enhancer Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Food Flavor and Enhancer Market: Market Share Analysis
  11.2. Food Flavor and Enhancer Distributors and Customers
  11.3. Food Flavor and Enhancer Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cargill
     11.4.2. Givaudan
     11.4.3. Corbion
     11.4.4. Sensient
     11.4.5. ADM

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