Rapid Unit Sales of Flavor Enhancer Market to Push Incremental Revenues in the G

Posted by Pradnya on May 27th, 2019

Flavor enhancers are products which enhance the taste of the food without contributing its own flavor to products. In the global food and beverage market, consumer prefers to mouth savoring food products which have good taste and aroma. The trend of consuming convenient food products due to the busy and hectic life schedule has increased the demand for processed food products, directly affecting the use of flavor enhancers in these products. The rapid increase in the health-conscious population has generated the demand for food products which consist of low fat, less carbohydrate, and low sugar and salt content. This has fueled the demand of flavor enhancers in the global food and beverage industry owing to its ability to enhance the taste of the off taste food products. In addition, the demand for flavor enhancer is also increasing due to higher customer satisfaction. In the global flavor enhancer market, the majority of demand is from North America and Europe, due to the presence of major food and beverage industries.

Rising Demand for Mouth Savoring Food Products:-

There is a different type of flavor enhancers are available in the market such as nucleotides, autolyzed yeast extract, glutamates and others which act as a substitute to various flavors.

The flavor enhancers can be natural and artificial. Due to increasing health awareness, consumers are seeking food products with natural flavor enhancers. In the global flavor enhancer market, flavor enhancer is growing at a robust growth rate in the food and beverage industry and also in the pharmaceutical industry.

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In the food and beverage industry, the flavor enhancer is mostly used in soups, noodles, seasonings, snack foods, and frozen dinners. Flavor enhancers are generally used in a concentration of 0.1 % to 0.5 % in the final food and beverage products. The increasing food service providers such as food chains and restaurants are also fueling the demand of flavor enhancers. The increasing popularity of Asian cuisines in western countries is also driving the demand of flavor enhancer among food service providers. On the other hand, the flavor enhancer is also gaining the attention from pharmaceutical industries. Flavor enhancer is generally used in medicines to enhance its taste, which helps the children to consume drugs much easier.

Global Flavor enhancer: Market Segmentation

On the basis of nature, flavor enhancer can be segmented as:-

• Natural
• Artificial

On the basis of type, flavor enhancer can be segmented as:-

• Yeast Extracts
• Acidulants
• Glutamates
• Others

On the basis of end use, flavor enhancer can be segmented as:-

• Food and beverage industry
• Bakery
• Confectionaries
• Soups and Salads
• others

On the basis of the distribution channel, flavor enhancer can be segmented as:-

• Processed & Convenience Foods
• Beverages
• Meat & Fish Products
• Others

Global Flavor enhancer Market: Key Players

Some of the key players operating in the global flavor enhancer market are Tate & Lyle PLC, Cargill, Inc., Corbion N.V., Senomyx, Inc., Sensient Technologies Corporation, Synergy Flavors, Associated British Foods plc, International Flavors & Fragrances Inc., Firmenich SA, Mane SA, and others. More food industry is showing their keen interest to bring the flavor enhancer in their product portfolio, it is expected to increase the demand for flavor enhancer in the forecast period. 

Global Flavor enhancer Market: Opportunities for Market Participants

Increasing food industries and food service providers are generating the demand of flavor enhancer to enhance the taste and aroma of the food products. Increased per capita income is also impelling the rise in the demand of mouth savoring food products. On the other hand, increasing health awareness among the population has risen the demand for low carbohydrate food products, which affect the palatability of food products. Flavor enhancer can add good flavor to these healthy products without contributing undesirable calories and flavor to the final food products.

Flavor enhancer Market: Regional Outlook:-

North America and Europe account the highest consumption of processed food and companies like Sensient Technologies Corporation, Synergy Flavors, Associated British Foods plc, International Flavors & Fragrances Inc., are situated there, it can be anticipated that the demand of the flavor enhancer will increase in the forecast period. The Asia Pacific to witness a robust growth rate owing to the increase in health-conscious population and growing food industries over the forecast period. Increasing awareness and urbanization in the Middle East and African countries is expected to increase the establishment of food companies in the forecast period.