Flavor and Flavor Enhancers Market to Surpass a Valuation of US$ 16,060.7 Mn by 2032 Owing to the Ongoing Grid Modernisation: ChemView Consulting

Flavor and Flavor Enhancers Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Frozen Food  Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 10,341.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 16,060.7 Mn by 2032 end.

Throughout the projected period, the market for Flavors and Flavor enhancers is anticipated to grow significantly as consumer preference for mouth-watering products increases. The demand for processed food items has increased due to the rise in the consumption of quick meals and changes in consumer lifestyles.

ChemView Consulting has analyzed that Food flavors are not a direct component but are used to improve the taste profile of food products. They also support maintaining the existing taste profile of perishable food after the processing and preservation stages of the production process. Enhancers execute the function of increasing or improving the original natural flavor of food products. Monosodium glutamate (MSG), sweeteners, and NaCl are some of the enhancers that are generally added to food products.

An increase in disposable income of people and the rising need for improved flavors that can impart unique taste profiles to food are expected to increase the market share through the predicted period. The increasing trend of using exotic flavors in food products is expected to offer promising opportunities for innovation in this area.

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Segments Covered in Report

By Type :

  • Artificial flavor enhancer
  • Natural flavor enhancer

By Ingredients :

  • Hydrolyzed vegetable proteins
  • Acidulate
  • Yeast extract
  • Glutamate

By Form :

  • Powder
  • Liquid

By Application :

  • Meat products
  • Confectionary and bakery
  • Snacks
  • Beverages
  • Frozen desserts and dairy products

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of the Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Flavor and Flavor Enhancers Market

  • Based on the Ingredients, Glutamates have grown in popularity in food goods, and it is anticipated that this market will account for 45.0% of total sales. The food processing industry is using glutamates to a large extent due to their calming properties.
  • Based on the application, Flavor enhancers are used to enhance the taste and aroma of food products, especially those that have been pre-processed. Growing demand for good taste, aroma, and palatability in convenience foods has contributed to the growing demand for flavor enhancers on the global market. Changing lifestyles and food habits have grown the demand for flavor enhancers in the market.
  • Based on Region, the North American market held a sizeable revenue share of 23.4 %. In the U.S., there has been a growing demand for ready-to-cook foods, which has led to increased interest in flavor enhancers across the country. Growing demand for the use of sports drinks and beverages has elevated demand for flavor enhancers in the beverage industry.

Competition Summary

Key companies covered in the market study are Cargill Inc., Tate & Lyle Plc., Associated British Foods Plc., Corbion N.V, Sensient Technologies, Firmenich SA, Givaudan, Takasago International Corporation, Mane SA, International Flavors & Fragrances Inc. (IFF), Quest Nutrition LLC, Danisco A/S.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

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