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The global Flavor Enhancers Market was valued at USD 5.77 billion in 2016 and is projected to reach USD 9.26 billion by 2025, growing at a CAGR of 5.4% from 2017 to 2025.
Flavor Enhancers are added to foods and beverages to improve the taste and texture. They account for only about 0.4% of the final product. Growing demand for processed food & beverages is expected to be the major driver for flavor enhancers over the forecast period.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing sensory oriented consumers
1.2 Modernization in the food habits
1.3 Growing consumption of Monosodium Glutamate (MSG) in food products
2. Market Restraints
2.1 Stringent food standards and regulations
2.2 Availability of natural ingredients
Market Segmentation:
The global Flavor Enhancers Market is segmented on the basis of source, product, application and region.
1. Global Flavor Enhancers Market, by Source:
1.1 Natural Flavor Enhancers
1.2 Synthetic Flavor Enhancers
2. Global Flavor Enhancers Market, by Product:
2.1.1 Acidulants
2.1.2 Glutamates
2.1.3 Hydrolyzed Vegetable Proteins
2.1.4 Yeast Extracts
2.1.5 Other Types
3. Global Flavor Enhancers Market, by Application:
3.1 Food
3.1.1 Culinary products
3.1.2 Snack and confectionery
3.1.3 Bakeries
3.1.4 Meat and savory
3.1.5 Dietary supplements
3.2 Beverages
3.2.1 Carbonated drinks
3.2.2 Non-carbonated drinks
4. Global Flavor Enhancers Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Givaudan
2. Firmenich
3. Ariake U.S.A.,INC.
4. Cargill Inc
5. Kerry Group
6. Corbion Purac
7. Archer Daniels Midland(ADM)
8. FMC Corporation
9. Symrise AG
10. BASF
11. International Fragrance and Flavours, Inc.(IFF)
12. Sensient
13. Dupont- Danisco
14. D.D. Williamson & Co Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Flavor Enhancers Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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