About Food Flavour Enhancer
Flavor enhancers are products that enhance the taste of the food without contributing its own flavor to products. In the global food and beverage market, the consumer prefers to mouth savoring food products that 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. Additionally, technology automation is expected to bring down fast-food operation costs considerably in the near future. Recently, McDonald's installed several self-serving digital kiosks across the United States.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 3.9% |
The food flavor enhancer market is moderately competitive, with continuous growth, going on, in terms of flavors and new ingredients sourcing methodology. Companies are coming up with new innovative flavors, preferably, clean-label ingredients, which are naturally derived. Moreover, the manufacturers are even expanding their presence and procurement procedures. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Flavour Enhancer market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), Tate & Lyle PLC (United Kingdom), Associated British Foods plc (United States), Corbion N.V. (Netherlands), Sensient Technologies (United States), Novozymes A/S (Denmark), E.I. DuPont de Nemours and Company (United States), Angel Yeast Co., Ltd (China), Innova Flavors (United States) and Savoury Systems International, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Senomyx, Inc. (United States) and Ajinomoto Co., Inc. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Food Flavour Enhancer market by Type (Acidulants, Glutamates, Hydrolyzed vegetable protein, yeast extracts and Others), Application (Processed & convenience foods, Beverages, Meat & fish products and others) and Region.
On the basis of geography, the market of Food Flavour Enhancer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Form, the sub-segment i.e. Powder will boost the Food Flavour Enhancer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plant-based will boost the Food Flavour Enhancer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity of Convenience Food & Beverage Products and The rising demand in the food and beverage sector
Market Growth Drivers:
High Consumption of Monosodium Glutamate (MSG) as an Umami Flavor Enhancer and Rising population, growing disposable incomes, and new opportunities like e-commerce
Challenges:
Consumer Awareness About the Ill-Effects of Flavor Enhancers and Growing Demand for Clean Labels
Restraints:
Stringent Regulations and International Quality Standards for Flavor Enhancers
Opportunities:
Increasing Demand for Innovative Flavors in the Market and The increased technological advancements and growing demand for food products
Market Leaders and their expansionary development strategies
In September 2022, Kraft Heinz partnered with NotCo to leverage NotCo's AI platform for developing new plant-based products. This could potentially lead to the creation of novel flavor enhancers derived from plant sources
In September 2023, Garum Project launches sustainable flavor enhancer as demand for natural flavors and lower salt content rises. Milk Garum, developed by Italian start-up Garum Project, was selected as one of the top ten innovations in ANUGA's Taste Innovation Show.
Key Target Audience
Flavor enhancers manufacturers, Technology providers to the flavor enhancers manufacturers, Flavor ingredient manufacturers/suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.