Flavor Enhancer Market
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PUBLISHED: 2023 ID: SMRC22899
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Flavor Enhancer Market Forecasts to 2028 - Global Analysis By Product Type (Acidulants, Glutamates, Nucleotides, Hydrolyzed Vegetable Proteins, Yeast Extracts and Other Product Types), Form (Powdered and Liquid), Source (Natural and Artificial), Application (Confectionary & bakery, Snacks, Meat & fish products and Other Applications) and By Geography

4.4 (41 reviews)
4.4 (41 reviews)
Published: 2023 ID: SMRC22899

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $3.53 BN

Projected Year Value (2028)

US $5.29 BN

CAGR (2022 - 2028)

7.0%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Flavor Enhancer Market is accounted for $3.53 billion in 2022 and is expected to reach $5.29 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Flavor enhancers are chemical substances that are added to processed foods and beverages to enhance their flavor. The overall market for food ingredients is largely based on flavor. Demand for flavor enhancers has increased as a result of modernization and globalization. Because there are more working women and because people are aware that artificial flavor enhancers are used in food and beverages, natural flavor enhancers are in high demand. Flavor-enhancing substances also referred to as natural substances, can be created using biotechnological methods.

According to a cross-sectional study conducted from 1998 to 2018, the estimated percentage of total energy consumed from ultra-processed foods increased from 61.4% to 67%, while that from unprocessed foods declined from 28.8% to 23.5%. Consequently, demand for high-grade food preservatives has stimulated sales of flavor enhancers in the US.



Market Dynamics:

Driver:

The electronics industry is driving the demand for silicone

Due to its excellent thermal conductivity, capacity to withstand both high and low temperatures, and flame-retardant characteristics, silicone is becoming more and more useful in a range of electronic applications. Silicone is primarily used in electronics, semiconductor applications, heater wires, refrigerator wires, ignition wires, highly sensitive circuits, and electronics parts. Silicone's use in electrical circuits gives surfaces that protect screens for computers, televisions, aircraft displays, and other electronic devices from heat, dust, and other contaminants strong insulation properties. The demand for silicon is expected to increase significantly over the projected period due to the global expansion in demand for electronics, semiconductors, and consumer goods.

Restraint:

Fluctuating of raw material prices

The price volatility of energy and raw materials is the main issue facing the global silicone market. The energy costs in European nations have increased as a result of the Russia-Ukraine conflict, which has further increased the cost of producing Flavor Enhancer. The profit margins of manufacturers of silicone are decreased by the sharp rise in the cost of raw materials like silicon metal and methyl chloride. The cost of all silicone products ultimately rises as a result.

Opportunity:

Growing automobile sector

Silicone is used in the rapidly expanding automotive industry as a lubricant for brake components and in the insulation of spark plug wires to stop sparks and misfires. Engine gaskets for automobiles are made from silicone sheets, and air bag sealants are made from silicone rubber. Automotive Flavor Enhancer contribute to lighter overall vehicles, which improve fuel economy and reduce harmful emissions. The demand for automotive Flavor Enhancer may be driven by rising auto production combined with strict environmental regulations for harmful emissions.

Threat:

Stringent government regulations

Regulatory agencies in nations like the UK, Canada, the US, and many European countries regulate the use of a select few silicone products, particularly in the personal care & consumer product and medical & healthcare industries. Two silicone products, cyclosiloxanes D4 and D5, have their use restricted by the European Chemicals Agency (ECHA) and the UK Competent Authorities. Before going on sale, all medical-grade Flavor Enhancer must receive regulatory body approval. Only Flavor Enhancer that have received USP Class V and VI approval are regarded as being of medical grade in the medical and healthcare sectors.

Covid-19 Impact

The global COVID-19 pandemic is altering business dynamics. Various industries are currently facing numerous difficulties. One of the major issues at this time is the disruptions to the supply chain. From 2020 on, many businesses will be subject to restrictions. These limitations result in a reduction in product supply and production. There is currently little demand on the market for flavor enhancers. At this time, products with flavor enhancers are less popular. However, the market for frozen foods and snacks makes extensive use of these flavor enhancers.

The glutamates segment is expected to be the largest during the forecast period

During the forecast period, the glutamate segment is anticipated to account for a significant portion of the market. The flavor enhancer monosodium glutamate (MSG) is created when sugar is processed. It has been used as a food additive in convenience foods like frozen meals, canned vegetables, processed meat, salad dressings, and soups. Asia is the world's top producer of glutamates, including MSG, with over 93% of the world's MSG production capacity. Several foods, including cheese, seafood, meat broths, and others, contain glutamate, a strong flavor enhancer. Over the past few years, the expansion of these end-use industries has been the primary driver of glutamate demand.

The powdered segment is expected to have the highest CAGR during the forecast period

Due to benefits like ease of handling and a lower risk of incompatibility compared to liquid dosage forms, the powdered segment is expected to have the highest growth rate during the forecast period. The demand for powdered flavor enhancers is growing daily at an impressive rate. Customers can also purchase powdered enhancers in sachets, bags, or envelopes. The primary benefits of the powdered form include low dusting, greater dosing flexibility, superior absorption, stability, and bioavailability.

Region with largest share:

Over the projection period, it is anticipated that the Asia Pacific region will hold the largest market share. Many different food and beverage applications use flavor enhancers in the Asia Pacific region, including those in China, India, Japan, Vietnam, Malaysia, and other nations. In Japan and China, MSG is most frequently used in noodles and soups. The condiments that Asian Pacific consumers prefer the most are hot pot condiments and condiments made in a Chinese-style compound. Additionally, Indian business is expanding quickly. Players are being forced to develop novel, nutrient-rich tastes as the market's demand for new, exotic flavors grows. The Indian subcontinent has a huge appetite for local and traditional foods.

Region with highest CAGR:

Owing to the presence of key players such as Synergy Flavors and International Flavors & Fragrances Inc., North America holds the highest consumption of processed and convenience foods. Due to this, the North American region is estimated to register the highest growth rate during the forecast period. The demand for flavor enhancers is anticipated to rise during the forecast period. The demand for ready-to-eat food has increased as a result of the growth of organized retail in the US and Canada, and packaged consumables will probably continue to fuel regional industry growth.



Key players in the market

Some of the key players profiled in the Flavor Enhancer Market include Ajinomoto Group, Angel Yeast Co., Ltd., Ankerkraut GmbH, Associated British Foods PLC, Beck Flavors, Cargill, Incorporated, Corbion N.V, D.D. Williamson & Co Inc, Dohler, epruf s.a., Firmenich SA, Flavaroma Givaudan, Halcyon Proteins Pty Limited, Innova Flavors, International Flavors & Fragrances Inc., Kerry Group plc, Mane SA, Novozymes A/S, Quest Nutrition LLC, Republica BIO, Sensient Technologies Corporation, Synergy Flavors, Inc., Takasago International Corporation and Tate & Lyle PLCa.

Key Developments:

In April 2023, Ajinomoto Co., Inc. has concluded a joint research and development agreement with Logomix Inc. a start-up company with proprietary genome engineering platform. Through this agreement and the resulting interaction between Logomix’s genome engineering platform and Ajinomoto Co.’s amino-acid production technology and expertise, the two companies will pursue joint research of a sustainable amino-acid production method that will contribute to attaining carbon neutrality.

In March 2023, Ajinomoto Co., Inc. has invested in SARAH Inc. a startup company providing a gourmet community service based on user reviews by menu items and a culinary big data service, as one of its corporate venture capital (“CVC”) projects. Through this investment, Ajinomoto Co. will support SARAH’s business growth and create new business models utilizing the company’s gourmet community service and big data.

In February 2023, Angel Yeast aims to expand its supply, innovation and R&D capabilities in response to a growing demand for yeast products to meet the increasing customer base. The company's 2023 brand development strategy focuses on meeting market challenges and delivering innovative solutions through investments and partnerships.

Product Types Covered:
• Acidulants
• Glutamates
• Nucleotides
• Hydrolyzed Vegetable Proteins
• Yeast Extracts
• Other Product Types

Forms Covered:
• Powdered
• Liquid

Sources Covered:
• Natural
• Artificial

Applications Covered:
• Confectionary & bakery
• Snacks
• Meat & fish products
• Processed & convenience foods
• Beverages
• Frozen desserts & dairy products
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Flavor Enhancer Market, By Product Type
5.1 Introduction
5.2 Acidulants
5.3 Glutamates
5.3.1 Monosodium Glutamate (MSG)
5.3.2 Other Glutamates
5.4 Nucleotides
5.4.1 Disodium guanylate
5.4.2 Ribonucleotides
5.4.3 Disodium Inosinate
5.5 Hydrolyzed Vegetable Proteins
5.6 Yeast Extracts
5.7 Other Product Types

6 Global Flavor Enhancer Market, By Form
6.1 Introduction
6.2 Powdered
6.3 Liquid

7 Global Flavor Enhancer Market, By Source
7.1 Introduction
7.2 Natural
7.2.1 Aroma
7.2.2 Essential oils
7.2.3 Natural Extracts
7.2.4 Other Natural Flavours
7.3 Artificial
7.3.1 Fruit flavors
7.3.2 Savory flavors
7.3.3 Citrus flavors
7.3.4 Other Artificial Flavours

8 Global Flavor Enhancer Market, By Application
8.1 Introduction
8.2 Confectionary & bakery
8.3 Snacks
8.4 Meat & fish products
8.5 Processed & convenience foods
8.6 Beverages
8.7 Frozen desserts & dairy products
8.8 Other Applications

9 Global Flavor Enhancer Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Ajinomoto Group
11.2 Angel Yeast Co., Ltd.
11.3 Ankerkraut GmbH
11.4 Associated British Foods PLC
11.5 Beck Flavors
11.6 Cargill, Incorporated
11.7 Corbion N.V
11.8 D.D. Williamson & Co Inc.
11.9 Dohler
11.10 epruf s.a.
11.11 Firmenich SA
11.12 Flavaroma
11.13 Givaudan
11.14 Halcyon Proteins Pty Limited
11.15 Innova Flavors
11.16 International Flavors & Fragrances Inc.
11.17 Kerry Group plc
11.18 Mane SA
11.19 Novozymes A/S
11.20 Quest Nutrition LLC
11.21 Republica BIO
11.22 Sensient Technologies Corporation
11.23 Synergy Flavors, Inc.
11.24 Takasago International Corporation
11.25 Tate & Lyle PLC

List of Tables
1 Global Flavor Enhancer Market Outlook, By Region (2020-2028) ($MN)
2 Global Flavor Enhancer Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Flavor Enhancer Market Outlook, By Acidulants (2020-2028) ($MN)
4 Global Flavor Enhancer Market Outlook, By Glutamates (2020-2028) ($MN)
5 Global Flavor Enhancer Market Outlook, By Monosodium Glutamate (MSG) (2020-2028) ($MN)
6 Global Flavor Enhancer Market Outlook, By Other Glutamates (2020-2028) ($MN)
7 Global Flavor Enhancer Market Outlook, By Nucleotides (2020-2028) ($MN)
8 Global Flavor Enhancer Market Outlook, By Disodium guanylate (2020-2028) ($MN)
9 Global Flavor Enhancer Market Outlook, By Ribonucleotides (2020-2028) ($MN)
10 Global Flavor Enhancer Market Outlook, By Disodium Inosinate (2020-2028) ($MN)
11 Global Flavor Enhancer Market Outlook, By Hydrolyzed Vegetable Proteins (2020-2028) ($MN)
12 Global Flavor Enhancer Market Outlook, By Yeast Extracts (2020-2028) ($MN)
13 Global Flavor Enhancer Market Outlook, By Other Product Types (2020-2028) ($MN)
14 Global Flavor Enhancer Market Outlook, By Form (2020-2028) ($MN)
15 Global Flavor Enhancer Market Outlook, By Powdered (2020-2028) ($MN)
16 Global Flavor Enhancer Market Outlook, By Liquid (2020-2028) ($MN)
17 Global Flavor Enhancer Market Outlook, By Source (2020-2028) ($MN)
18 Global Flavor Enhancer Market Outlook, By Natural (2020-2028) ($MN)
19 Global Flavor Enhancer Market Outlook, By Aroma (2020-2028) ($MN)
20 Global Flavor Enhancer Market Outlook, By Essential oils (2020-2028) ($MN)
21 Global Flavor Enhancer Market Outlook, By Natural Extracts (2020-2028) ($MN)
22 Global Flavor Enhancer Market Outlook, By Other Natural Flavours (2020-2028) ($MN)
23 Global Flavor Enhancer Market Outlook, By Artificial (2020-2028) ($MN)
24 Global Flavor Enhancer Market Outlook, By Fruit flavors (2020-2028) ($MN)
25 Global Flavor Enhancer Market Outlook, By Savory flavors (2020-2028) ($MN)
26 Global Flavor Enhancer Market Outlook, By Citrus flavors (2020-2028) ($MN)
27 Global Flavor Enhancer Market Outlook, By Other Artificial Flavours (2020-2028) ($MN)
28 Global Flavor Enhancer Market Outlook, By Application (2020-2028) ($MN)
29 Global Flavor Enhancer Market Outlook, By Confectionary & bakery (2020-2028) ($MN)
30 Global Flavor Enhancer Market Outlook, By Snacks (2020-2028) ($MN)
31 Global Flavor Enhancer Market Outlook, By Meat & fish products (2020-2028) ($MN)
32 Global Flavor Enhancer Market Outlook, By Processed & convenience foods (2020-2028) ($MN)
33 Global Flavor Enhancer Market Outlook, By Beverages (2020-2028) ($MN)
34 Global Flavor Enhancer Market Outlook, By Frozen desserts & dairy products (2020-2028) ($MN)
35 Global Flavor Enhancer Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.

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