According to the analysis of reports and data the global flavor enhancers market was valued at USD 6.6 billion in 2019 and is expected to reach USD 11.5 billion by the year 2027, at a CAGR of 6.5%. According to the Food and Drug Administration (FDA), flavor enhancers are the substances that have no pronounced flavor or taste of their own but which bring out and improve the flavors in the foods to which they are added. The term flavor potentiator has also been used with the same meaning. The most commonly used substances in this category are monosodium L-glutamate (MSG), disodium 5′-inosinate (IMP), and disodium 5′-guanylate (GMP).
The growth of the segment is driven by the expansion of the global beverage industry, an increase in demand for convenience food, changing consumer lifestyle, and an increase in the number of sensory-oriented consumers worldwide. The global flavor enhancers market is expected to witness an upsurge owing to the introduction of new food products with natural ingredients and coloring pigments. Furthermore, technological advancements, growing demand for clean label products, and stringent regulations on synthetic enhancers are influencing manufacturers to incorporate more natural flavors in their offerings. Increasing the use of natural flavor enhancers by the food processing industry is a key factor driving the flavor enhancers market’s growth.
However, factors such as mounting raw material prices and high entry barriers and price pressure on manufacturers due to consolidation affect the industry’s growth. Major trends prevailing in the market are consolidation in the industry, „No artificial flavor enhancers, the emergence of biotech flavor enhancers and sensory trend.
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The global flavor enhancers market is segregated based on type glutamates, acidulants, hydrolyzed vegetable protein, yeast extracts, and others (sweetness enhancers and nucleotides). Based on form, the global flavor enhancers market is segmented in Powder and Liquid & Semi-Liquid. Based on the source, the market is segmented into natural and synthetic. Based on application, the market is bifurcated into processed & convenience foods, meat & fish products, beverages and others (confectionery products, bakery, dairy, and condiments).
Further key findings from the report suggest
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Based on Type, the market has been segmented as follows: (Revenue, USD Billion; 2017-2027)
Based on Application, the market has been segmented as follows: (Revenue, USD Billion; 2017-2027)
Based on Source, the market has been segmented as follows: (Revenue, USD Billion; 2017-2027)
Based on Form, the market has been segmented as follows: (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
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Table Of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019 – 2027 Chapter 3. Indicative Metrics Chapter 4. Flavor Enhancers Segmentation & Impact Analysis 4.1. Flavor Enhancers Segmentation Analysis 4.2. Flavor Enhancers Market Value Chain Analysis, 2017-2027 4.3. Regulatory framework 4.4. Flavor Enhancers Market Impact Analysis
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Mergers & Acquisitions 10.3. Strategy Benchmarking 10.4. Vendor Landscape
Chapter 11. Company Profiles 11.1. Cargill 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Product Length Benchmarking 11.1.4. Strategic Initiatives 11.2. Archer Daniels Midland Company 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Product Length Benchmarking 11.2.4. Strategic Initiatives 11.3. Tate & Lyle PLC 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Product Length Benchmarking 11.3.4. Strategic Initiatives 11.4. Corbion N.V 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Product Length Benchmarking 11.4.4. Strategic Initiatives 11.5. Associated British Foods plc 11.5.1. Company Overview 11.5.2. Financial Performance 11.5.3. Product Length Benchmarking 11.5.4. Strategic Initiatives 11.6. Sensient Technologies 11.6.1. Company Overview 11.6.2. Financial Performance 11.6.3. Product Length Benchmarking 11.6.4. Strategic Initiatives 11.7. Novozymes A/S 11.7.1. Company Overview 11.7.2. Financial Performance 11.7.3. Product Length Benchmarking 11.7.4. Strategic Initiatives
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