Flavor Enhancer Market Dynamics 2021-2031
Analyst Perspective
The global flavor enhancer market is expected to register a CAGR of 4%. Manufacturers often add flavor enhancers to improve the products' taste, smell, and overall sensory experience. The market for flavor enhancers is expanding due to the rise in demand for processed and convenience food. Increasing consumer preference for clean-label and health-conscious products has increased the demand for flavor enhancers. The advancement of extraction methods is considered an opportunity for growth in the flavor enhancers market. Adoption of sustainable practices such as using ethically sourced ingredients and reducing waste, to cater to this growing demand. Health concerns, raw material volatility, and competition from natural flavors may hamper the growth of the flavor enhancers market.
Market Overview
Flavor enhancers are chemicals added to food and beverages to boost flavor without altering tastes. It is widely used in processed & convenient food, beverages, meat & fish products, and others. Flavor enhancers can be natural or artificial. Natural flavor enhancers contribute to the stability of food products. Developing innovative natural flavor products is another major factor driving the flavor enhancer market toward growth. Consumers seeking healthier options are driving the shift in the market for flavor enhancers. Manufacturers are developing formulations with lower sodium, sugar, and artificial additives that offer health-conscious individuals more choices. The flavor enhancer market is anticipated to grow in the forecast period due to the increasing consumption of convenience food and beverages with changing lifestyles and food habits.
Market Drivers
- Increasing urbanization and the hectic lifestyle of individuals are driving the demand for convenient yet flavorful food options. Flavor enhancers help enhance the taste of processed foods, which appeals more to consumers.
- Exploration of new culinary experiences is increasing, leading to increased consumption of ethnic and exotic dishes. Flavor enhancers play a prominent role in creating authentic flavors.
- The growing food and beverage industry creates a more extensive market base for flavor enhancers.
- Flavor enhancers are used beyond traditional processed foods. Their use in bakery products, snacks, confectionary, and beverages is expanding, opening up new growth avenues.
- Advancements in encapsulation and microencapsulation techniques are improving the delivery and release of flavor enhancers, likely driving market growth.
Market Segmentation
The global flavor enhancer market is segmented based on type, form source, and application. The global flavor enhancer market is segmented based on the type glutamates, acidulants, yeast extracts, hydrolyzed vegetable protein, and others. The flavor enhancer market is segmented based on the form of powder, liquids, and others. The flavor enhancer market is segmented based on natural and synthetic sources. The flavor enhancer market is segmented based on the application into processed & convenience food, beverages, meat & fish products, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global flavor enhancer market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The flavor enhancer market by region is also sub-segmented by respective countries and segments. The Flavor enhancer market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the flavor enhancer market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the Flavor enhancer market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the flavor enhancer market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were partnerships & collaborations acquisitions. These activities have paved the way for the development of the business and customer base of market players. The market players in the flavor enhancer market are expected to have lucrative growth opportunities with the increasing demand for flavorful products in the global market.
The report includes critical companies' profiles, SWOT analysis, and flavor enhancer market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the flavor enhancer market.
- Givaudan
- Sensient Technologies Corporation
- Ajinomoto Group
- DSM nutritional food
- Kerry Group
- Tate & Lyle
- Angel yeast
- Fufeng group
- Corbion nv
- Cargill Incorporated
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Flavor Enhancer Market - By Type
1.3.2Flavor Enhancer Market - By Application
1.3.3Flavor Enhancer Market - By Region
1.3.3.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.FLAVOR ENHANCER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.FLAVOR ENHANCER MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.FLAVOR ENHANCER MARKET - GLOBAL MARKET ANALYSIS
6.1.FLAVOR ENHANCER - GLOBAL MARKET OVERVIEW
6.2.FLAVOR ENHANCER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.FLAVOR ENHANCER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.ACIDULANTS
7.3.1.Overview
7.3.2.Acidulants Market Forecast and Analysis
7.4.GLUTAMATES
7.4.1.Overview
7.4.2.Glutamates Market Forecast and Analysis
7.5.HYDROLYZED VEGETABLE PROTEINS
7.5.1.Overview
7.5.2.Hydrolyzed Vegetable Proteins Market Forecast and Analysis
7.6.YEAST EXTRACTS
7.6.1.Overview
7.6.2.Yeast Extracts Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.FLAVOR ENHANCER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PROCESSED AND CONVENIENCE FOODS
8.3.1.Overview
8.3.2.Processed and Convenience Foods Market Forecast and Analysis
8.4.BEVERAGES
8.4.1.Overview
8.4.2.Beverages Market Forecast and Analysis
8.5.MEAT AND FISH PRODUCTS
8.5.1.Overview
8.5.2.Meat and Fish Products Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.FLAVOR ENHANCER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Flavor Enhancer Market Overview
9.1.2North America Flavor Enhancer Market Forecasts and Analysis
9.1.3North America Flavor Enhancer Market Forecasts and Analysis - By Type
9.1.4North America Flavor Enhancer Market Forecasts and Analysis - By Application
9.1.5North America Flavor Enhancer Market Forecasts and Analysis - By Countries
9.1.5.1United States Flavor Enhancer Market
9.1.5.1.1United States Flavor Enhancer Market by Type
9.1.5.1.2United States Flavor Enhancer Market by Application
9.1.5.2Canada Flavor Enhancer Market
9.1.5.2.1Canada Flavor Enhancer Market by Type
9.1.5.2.2Canada Flavor Enhancer Market by Application
9.1.5.3Mexico Flavor Enhancer Market
9.1.5.3.1Mexico Flavor Enhancer Market by Type
9.1.5.3.2Mexico Flavor Enhancer Market by Application
9.2.EUROPE
9.2.1Europe Flavor Enhancer Market Overview
9.2.2Europe Flavor Enhancer Market Forecasts and Analysis
9.2.3Europe Flavor Enhancer Market Forecasts and Analysis - By Type
9.2.4Europe Flavor Enhancer Market Forecasts and Analysis - By Application
9.2.5Europe Flavor Enhancer Market Forecasts and Analysis - By Countries
9.2.5.1Germany Flavor Enhancer Market
9.2.5.1.1Germany Flavor Enhancer Market by Type
9.2.5.1.2Germany Flavor Enhancer Market by Application
9.2.5.2France Flavor Enhancer Market
9.2.5.2.1France Flavor Enhancer Market by Type
9.2.5.2.2France Flavor Enhancer Market by Application
9.2.5.3Italy Flavor Enhancer Market
9.2.5.3.1Italy Flavor Enhancer Market by Type
9.2.5.3.2Italy Flavor Enhancer Market by Application
9.2.5.4United Kingdom Flavor Enhancer Market
9.2.5.4.1United Kingdom Flavor Enhancer Market by Type
9.2.5.4.2United Kingdom Flavor Enhancer Market by Application
9.2.5.5Russia Flavor Enhancer Market
9.2.5.5.1Russia Flavor Enhancer Market by Type
9.2.5.5.2Russia Flavor Enhancer Market by Application
9.2.5.6Rest of Europe Flavor Enhancer Market
9.2.5.6.1Rest of Europe Flavor Enhancer Market by Type
9.2.5.6.2Rest of Europe Flavor Enhancer Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Flavor Enhancer Market Overview
9.3.2Asia-Pacific Flavor Enhancer Market Forecasts and Analysis
9.3.3Asia-Pacific Flavor Enhancer Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Flavor Enhancer Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Flavor Enhancer Market Forecasts and Analysis - By Countries
9.3.5.1Australia Flavor Enhancer Market
9.3.5.1.1Australia Flavor Enhancer Market by Type
9.3.5.1.2Australia Flavor Enhancer Market by Application
9.3.5.2China Flavor Enhancer Market
9.3.5.2.1China Flavor Enhancer Market by Type
9.3.5.2.2China Flavor Enhancer Market by Application
9.3.5.3India Flavor Enhancer Market
9.3.5.3.1India Flavor Enhancer Market by Type
9.3.5.3.2India Flavor Enhancer Market by Application
9.3.5.4Japan Flavor Enhancer Market
9.3.5.4.1Japan Flavor Enhancer Market by Type
9.3.5.4.2Japan Flavor Enhancer Market by Application
9.3.5.5South Korea Flavor Enhancer Market
9.3.5.5.1South Korea Flavor Enhancer Market by Type
9.3.5.5.2South Korea Flavor Enhancer Market by Application
9.3.5.6Rest of Asia-Pacific Flavor Enhancer Market
9.3.5.6.1Rest of Asia-Pacific Flavor Enhancer Market by Type
9.3.5.6.2Rest of Asia-Pacific Flavor Enhancer Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Flavor Enhancer Market Overview
9.4.2Middle East and Africa Flavor Enhancer Market Forecasts and Analysis
9.4.3Middle East and Africa Flavor Enhancer Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Flavor Enhancer Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Flavor Enhancer Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Flavor Enhancer Market
9.4.5.1.1South Africa Flavor Enhancer Market by Type
9.4.5.1.2South Africa Flavor Enhancer Market by Application
9.4.5.2Saudi Arabia Flavor Enhancer Market
9.4.5.2.1Saudi Arabia Flavor Enhancer Market by Type
9.4.5.2.2Saudi Arabia Flavor Enhancer Market by Application
9.4.5.3U.A.E Flavor Enhancer Market
9.4.5.3.1U.A.E Flavor Enhancer Market by Type
9.4.5.3.2U.A.E Flavor Enhancer Market by Application
9.4.5.4Rest of Middle East and Africa Flavor Enhancer Market
9.4.5.4.1Rest of Middle East and Africa Flavor Enhancer Market by Type
9.4.5.4.2Rest of Middle East and Africa Flavor Enhancer Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Flavor Enhancer Market Overview
9.5.2South and Central America Flavor Enhancer Market Forecasts and Analysis
9.5.3South and Central America Flavor Enhancer Market Forecasts and Analysis - By Type
9.5.4South and Central America Flavor Enhancer Market Forecasts and Analysis - By Application
9.5.5South and Central America Flavor Enhancer Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Flavor Enhancer Market
9.5.5.1.1Brazil Flavor Enhancer Market by Type
9.5.5.1.2Brazil Flavor Enhancer Market by Application
9.5.5.2Argentina Flavor Enhancer Market
9.5.5.2.1Argentina Flavor Enhancer Market by Type
9.5.5.2.2Argentina Flavor Enhancer Market by Application
9.5.5.3Rest of South and Central America Flavor Enhancer Market
9.5.5.3.1Rest of South and Central America Flavor Enhancer Market by Type
9.5.5.3.2Rest of South and Central America Flavor Enhancer Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.FLAVOR ENHANCER MARKET, KEY COMPANY PROFILES
11.1.ASSOCIATED BRITISH FOODS PLC
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.CARGILL, INCORPORATED
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CORBION NV
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.FIRMENICH SA
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.INTERNATIONAL FLAVORS AND FRAGRANCES INC.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.MANE SA
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.NOVOZYMES A/S
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SENSIENT TECHNOLOGIES CORPORATION
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.SYNERGY FLAVORS, INC.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.TATE AND LYLE PLC
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. Associated British Foods plc
2. Cargill, Incorporated
3. Corbion nv
4. Firmenich SA
5. International Flavors and Fragrances Inc.
6. Mane SA
7. Novozymes A/S
8. Sensient Technologies Corporation
9. Synergy Flavors, Inc.
10. Tate and Lyle PLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For