Flavor Enhancer Market Information by Type (Natural and Artificial), Ingredients (Glutamate, Acidulant, Yeast Extract, Hydrolyzed Vegetable Proteins and others), Form (Powder, Liquid and others), Application (Bakery & Confectionery, Dairy & Frozen Desserts, Snacks, Beverages, Meat Products and others) and Region – Forecast till 2023
Flavor Enhancer Key Players
Tate & Lyle PLC (UK), Cargill Inc. (US), DuPont Nutrition & Health (US), Corbion N.V. (The Netherlands), Ajinomoto Co, Inc. (Japan), Sensient Technologies (US), and Innova Flavors (US) are some of the prominent players at the forefront of competition in the Global Flavor Enhancer Market and are profiled in MRFR Analysis.
Flavour Enhancer Market Overview
Flavor Enhancer, the most widely used food additives radically enhances the natural flavor of ingredients when added to food or beverages. It is used in commercial food preparation as well as in domestic cooking. They are added to food and beverages explicitly to make them flavourful. Flavor Enhancer plays an essential role in stimulating the taste & aroma lost during the processing period to suit the palates of the consumer. Augmented demand from the burgeoning food & beverages industry defines the growth landscape of the market globally escorting it to the ascended heights.
Acknowledging the kind of traction the market is garnering currently demonstrating the growth prospects Worldwide, Market Research Future (MRFR) has recently published a study report giving out a complete market insight up to 2023. In its analysis MRFR asserts that the thriving global Flavor Enhancer Market will further grow exponentially by 2023, registering a considerable CAGR during 2017 to 2023.
Burgeoning Food & Beverages industry all over the world, predominantly drives the global Flavor Enhancer market. Clean label trend has evolved beyond ingredients and indicates that the food is made by using natural colors and flavors. The increasing consumer awareness about health & wellness and their growing interest to adopt natural flavors instead of artificial ones has been supporting the growth of this market. Expansion of distribution channels is expected to influence the market growth during the review period.
Factors, such as growing population, growing urbanization along with the improving economic conditions worldwide that increase consumers’ purchasing power positively impact the market growth. Changing lifestyle and inclination towards conventional food are boosting the market growth. Substantial investments transpired in R&D to bring novelties & betterment to the products, in turn, pay off well by increasing the demand, sale & eventually, its market size. Recent much-appreciated innovation is the introduction of sodium reducing Flavor Enhancer which fostered the market growth to an extent, especially in the US and China.
On the other hand, these Flavor Enhancers, artificial or natural need to meet the desired specifications of the product as stipulated by regulation. There are a set of regulations according to the respective regulatory body for the use of these products in different foods across the globe. The same factor is anticipated to restrict the market growth.
In addition to the Clean Label, other trends of the market observed during the analysis include, terms that signify ingredients or foods that are ‘good to be consumed,’ are creating quite a buzz for F&B manufacturers. Another trend is gluten-free Flavor Enhancers (mainly in the US market). While, non-MSG flavor is an emerging trend in Europe.
Flavor Enhancer Market Competitive Analysis
The global Flavor Enhancer market appears to be fiercely competitive and fragmented with many well-established players having the global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market.
Industry/ Innovations/ Related News
April 20, 2018 – Imbibe (US), a global provider of flavor enhancing technology introduced a line of clean-label flavor – NonSense, a natural flavor that blocks/ masks flavors for food and beverages especially, off-notes or the perception of unwanted taste. The development is expected to bring huge success of the company’s first proprietary ingredient – SweetSense.