Flavor Enhancers Market: Significant Growth is Observed in the Asia-Pacific region

The flavor enhancers market is projected to reach USD 8.18 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022. The market is driven by factors such as the growing consumption of convenience food & beverages across the globe, and high usage of monosodium glutamate in savory foods.

On the basis of application, the flavor enhancers market is segmented by into processed & convenience foods, beverages, meat & fish products, and others (bakery, dairy, confectionery products, and condiments). The processed & convenience foods segment accounted for the highest market share in 2016. Flavor enhancers are used to enhance the umami taste in savory foods and hence its widest application lies in the processed & convenience foods. The market for convenience & processed foods is established in the developed regions, such as North America and Europe, which offer a stable growth for the market. Countries such as India and China witness a high consumption of MSG in processed foods, which is expected to augment the market for flavor enhancers in the Asia-Pacific region.

Download PDF Brochure

Significant growth for flavor enhancers is observed in the Asia-Pacific region

Rapid urbanization and increasing demand for convenience food is expected to drive the market for different flavors due to which the flavor enhancers market is projected to grow substantially. There is a growing demand for convenience & processed food products in this region due to the Westernization of food habits, which is likely to surpass the market in developed regions, such as Europe and North America. There is an increasing consumption of frozen meat & fish products as a result of urbanization, hectic lifestyles, and high disposable incomes. This trend is expected to fuel the growth of the flavor enhancers market in the region. This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), and Sensient Technologies (U.S.).



The key players in the flavor enhancers market include Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), Sensient Technologies (U.S.) among others. The maximum value addition of a product in the global flavor enhancers industry is observed in the stage of manufacturing. The key companies that offer flavor enhancers mainly invest in new product developments and expansions. Companies formulate new sales strategies to establish their innovative products in the market. These companies highlight product specifications and certifications from food safety authorities while promoting their bread improver products. Value addition in the distribution and sales stage varies with key players, addressable markets, manufacturing units, and end consumers.

Comments

Post a Comment

Popular posts from this blog

Global Bottled Water Processing Market: Key Trends and Insights by 2028

A recent research report by MarketsandMarkets titled " Bottled Water Processing Market " provides valuable insights into the dynamics of the bottled water industry. The study covers both the bottled water market and the bottled water equipment market, forecasting significant growth in both segments. Here are key highlights from the report: Download PDF Brochure Bottled Water Market Overview: The bottled water market is projected to reach USD 457.1 billion by 2028, exhibiting a CAGR of 8.0% from 2023. This growth is attributed to the rising demand in emerging markets where limited access to safe drinking water is a challenge. The global population increase also contributes to the surge in demand for clean and safe drinking water, emphasizing the pivotal role of bottled water processing in providing accessible hydration solutions. Product Type Insights: The report highlights that still water dominates the market, accounting for the largest share in 2022 in terms of value. This ...
Read more

Growth Trends and Opportunities in the Global Edible Oils Market

The global edible oils industry is on track to reach USD 268.9 billion by 2027, marking a significant increase from USD 212.6 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% between 2022 and 2027. This growth is primarily fueled by the rising global population, coupled with shifts in lifestyle preferences towards processed foods, where edible oils play a crucial role as primary ingredients. Furthermore, ongoing advancements in food processing, including the development of novel products such as confectionery, bakery items, ready-to-eat foods, and fast foods, are driving substantial demand for edible oils. Download PDF Brochure      Soybean oils emerge as the fastest-growing segment in the global edible oils market , anticipated to experience a robust CAGR of 5.4% during the forecast period. With concerns regarding food costs and climate change's impact on food supplies, soy products, particularly soybean oil, are gaining traction. Soybean oil...
Read more

Beer Processing Market Analysis and Global Forecast to 2025

Image
The global beer processing market studied in this report involves the market coverage of brewery equipment and beer. The global beer processing market is estimated to account for about USD 677.5 billion in 2019 and is projected to reach a value of USD 815.4 billion by 2025, growing at a CAGR of 3.1%. The changing consumer preferences for artisanal and craft beer, instead of traditional beer or other alcoholic beverages, drive the market for beer, globally. Download PDF Brochure The brewery equipment market has been growing in tandem      with the rising demand and consumption of beer. The other factor responsible for driving the global brewery equipment market is the growing number of microbreweries as well as brewpubs.  The European region is projected to account for the largest market share in the brewery equipment market due to the ever increasing beer industry and the presence of leading beer manufacturers. In the beer market, Asia Pacific dominated the global ...
Read more