The global market for flavor enhancer is projected to have considerable CAGR of around 6.1% during the forecast period. The major factors that propels the flavor enhancer market include rising trend towards convenience food & beverages products, growing consumer preference towards advanced flavored food products and others. Growing per capita income is also supporting the new flavored product launches in the food and beverages industry. Modernization of the product flow channels in the food and beverage industry is changing the consuming patterns towards convenience food. For instance, easy availability of new products at supermarkets and in the e-commerce, platforms have increased the product consumption and demand for convenience food. Therefore, with the growing demand of convenience food, the food manufacturers creating the taste of their products through natural and ingredient-based taste enhancers that further propels the market growth.

Moreover, the new research activities by the nutritionists is expected to propel the market growth during the forecast period. For instance, Researchers of the Aberystwyth University’s Beacon Biorefining Centre of Excellence used mycoprotein, an ingredient in Quorn products, which has substantially enabled the reduction of salt in raft of snacks and meals. Likewise, the Government of the US claimed that umami seasoning (monosodium glutamate) is recognized as safe flavor enhancer. Monosodium glutamate (MSG) is an amino acid that is widely present in a range of food & beverages, such as breast milk, tomatoes, mushrooms, and parmesan cheese.

Segmental Outlook  

The global flavor enhancer market is segmented based on type and application. Based on the material type, the market is further classified into natural and artificial. The natural segment is projected to grow significantly due to the growing preference of consumer towards natural additives as compare to artificial enhancer in the food due to health benefits. Moreover, the growing formulation of nutritive flavor enhancer using natural raw materials such as Mushroom, tomato, potato, garlic, and salt further supports the segmental growth. On the basis of application, the market is further segregated into processed & convenience foods, beverages, meat & fish products, and others, and others.

Global Flavor Enhancer Market Share by Application, 2019(%)

Global flavor enhancer market to be driven by processed & convenience foods

Among application, the processed & convenience foods segment held a considerable share in the market owing to the significant application of flavor enhancer to improve the umami taste of convenience and processed food. Growing trend towards fast lifestyle is imposing the requirement of food items which can be prepared instantly. Prevalent factors for the rising demand of convenience food are relative food prices, time constraints and changing demographic trends. Declining prices for processed food are generating the demand for convenience food. Therefore, the demand for convenience food is mounting the need for the development of various flavour enhancer for the convenience food and contributing in the market growth. 

Regional Outlook 

Geographically, the global flavor enhancer market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is projected to hold significant growth in the global flavor enhancer market. The market is mainly driven due to growing food processing industry and significant adoption of flavor enhancer in processed and convenience food. Moreover, increasing demand for natural flavour enhancer is also one of the important factors boosting North America flavor enhancer market.

Global Flavor Enhancer Market Growth, by Region 2020-2026

Asia-Pacific to hold a considerable share in the global flavor enhancer market

Geographically, Asia-Pacific is projected to hold a significant market share in the global flavor enhancer market.  The major countries which will have a significant market share during the forecast period are India, China, and Japan. Apart from those countries, South Korea, Australia, Thailand, and Indonesia projected to contribute significantly in the market growth. The food sector in India has been significantly emerging as a high-profit and high-growth sector as it holds high potential for value addition, primarily under the food processing industry. According to the India Brand Equity Foundation (IBEF), the food processing industry in India accounts for total 32% of India’s total food industry. Moreover, the trend towards opening of R&D center and production facility by multinationals in China is also encouraging the demand for food processing in the country. Therefore, significant growth in the food processing sector in the region further provide ample opportunity to the market.  

Market Players Outlook

The key players in the flavor enhancer market contributing significantly by providing different material types of products and increasing their geographical presence across the globe. The key players of the market include Corbion N.V,Cargill, Inc, Ajinomoto Co., Inc, Firmenich SA, Tate & Lyle PLC and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global flavor enhancer market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.