Flavor Masking Agents Market Forecasts to 2028 – Global Analysis By Type (Sweet Flavor Masking Agents, Bitter Flavor Masking Agents, Salt Flavor Masking Agents, Fat Flavor Masking Agents), Application (Food & Beverages, Pharmaceuticals and Nutraceuticals) and By Geography
According to Stratistics MRC, the Global Flavor Masking Agents Market is accounted for $211.95 million in 2020 and is expected to reach $383.67 million by 2028 growing at a CAGR of 7.7% during the forecast period. Factors such as increasing demand for processed foods, growing sports nutrition industry, and rising awareness regarding healthy diet are driving the growth of the market. However, effect of Covid-19 pandemic on the food and beverages industry is hampering the growth of the market.
Flavor masking agents are used to cover undesirable flavor notes in the food products. It is a combination of different agents that work together to mask the undesirable note. Commercial flavor masking agents are a complex mixture of modifiers, enhancers and inhibitors that modifies or enhances certain flavors while inhibits other flavors.
Based on the application, the pharmaceuticals and nutraceuticals segment is anticipated to expand at a rapid pace during the forecast period as the masking of unpleasant flavours in drugs would help to attain patient acceptability. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing adoption of western lifestyle and considerable young population in the region.
Some of the key players profiled in the Flavor Masking Agents Market include Cargill Inc, Archer Daniels Midland Company, DSM, Symrise AG, Roquette Freres, Keva Flavours Pvt Ltd, Carmi Flavour and Fragrance Co Inc , Firmenich International SA , Givaudan Flavours, Sensient Technologies LLC, FCI Flavours, and GEO Specialty Chemicals.
Estimated Market Size in 2020:
USD 211.95 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 383.67 million
Tables, Graphs & Figures
Type, Application, Sales Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Sweet Flavor Masking Agents
• Bitter Flavor Masking Agents
• Salt Flavor Masking Agents
• Fat Flavor Masking Agents
• Food & Beverages
• Pharmaceuticals and Nutraceuticals
Sales Channels Covered:
• Direct Sales/Business to Business
• Intermediate/Bulk Distributors
• Indirect Sales/Business to Customer
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 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
Key Questions Answered In The Report
The Global Flavor Masking Agents Market is majorly driven by the increasing demand for processed foods, growing sports nutrition industry, and rising awareness regarding healthy diet.
The bitter flavor masking agents segment is growing at a highest CAGR owing to its considerable demand in the food & beverages industry.
North America dominated with a significant market share due to the presence of well established food and beverage as well as sports nutrition industries.
Asia Pacific market is growing at a highest CAGR owing to the increasing adoption of western lifestyle and food habits by the population of this region.
Key players in Flavor Masking Agents Market include Cargill Inc, Archer Daniels Midland Company, DSM, Symrise AG, Roquette Freres, Keva Flavours Pvt Ltd, Carmi Flavour and Fragrance Co Inc, Firmenich International SA , Givaudan Flavours, Sensient Technologies LLC, FCI Flavours, and GEO Specialty Chemicals.
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