Flavor Masking Agents Market Scope And Analysis

Report Code : TIPRE00022627
Category : Food and Beverages

Status : Published
No. of Pages : 175

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Flavor Masking Agents Market Scope, Analysis, and Trends by 2030

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Flavor Masking Agents Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 235.64 Million
Market Size by 2030	US$ 383.01 Million
Global CAGR (2022 - 2030)	6.3%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Type Sweet Salt Fat Bitter By Application Food and Beverages Pharmaceuticals and Nutraceuticals
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Sensient Technologies Corp Firmenich International SA Tate Lyle Plc Archer Daniels Midland Co Kerry Group Plc Carmi Flavor Fragrance Co Inc Synergy Flavors Inc Virginia Dare Extract Co Inc GEO Specialty Chemicals Inc

COVID-19 Impact:

The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverages and pharmaceuticals & nutraceuticals industries. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020.

However, in the wake of the pandemic, consumers increased the consumption of dietary supplements and multivitamins that boost immunity and support overall wellbeing. Flavor masking agents are widely used in dietary supplements to mask the off flavors of vitamins, minerals, proteins, and other fortification ingredients. This factor has a positive impact on the growth of flavor masking agents market. Further, the demand for plant-based meat and dairy products increased after the outbreak due to increased sustainability concerns and increased awareness of health benefits of plant-based products. Flavor masking agents and taste modulators are vital ingredients in plant-based meat and dairy products to mask the undesirable flavor and aroma of soy, pea, and other plant-based proteins. This factor also positively influenced the flavor masking agents market growth.

Competitive Landscape and Key Companies:

The top 10 companies operating in the global flavor masking agents market are Sensient Technologies Corp, Firmenich International SA, Tate & Lyle Plc, Archer-Daniels-Midland Co, Kerry Group Plc, Carmi Flavor & Fragrance Co Inc, Synergy Flavors Inc, Virginia Dare Extract Co Inc, GEO Specialty Chemicals Inc, and Koninklijke DSM NV. These players are focusing on developing plant-based, natural, organic, and clean-label flavor masking ingredients, which is expected to open new growth opportunities in the coming years.