Flavor Enhancers: Increasing Popularity of Convenience Food & Beverage Products Driving the Market Growth

The flavor enhancers market, in terms of value, is projected to reach around USD 8.18 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022. The market has been segmented on the basis of type, source, form, application, and region.

Download PDF Brochure

Increasing demand for convenience food & beverage products and rise in consumption of monosodium glutamate are the major driving factors of this market.

The market for  flavor enhancers in Asia-Pacific was the largest in 2016, and it is projected to grow at the highest CAGR during the forecast period. The major driver for the growth of the market in the region is due to the growth of the food & beverage industry in emerging economies such as India and China.

Stringent regulations and international quality standards for flavor enhancers is the major factor restraining the flavor enhancers market. For instance, the assessment of flavor enhancers is done for safety purpose before using them in food. These enhancers are strictly reviewed, and in the case of non-adherence, actions can be enforced by the regulatory bodies. The European Union (EU) Legislation requires the flavor enhancers to be labeled with an E-number. These E-numbers should pass the safety test and must be approved by the regulatory body. According to the USDA FSIS (Food Safety & Inspection Service) regulation, animal or vegetable proteins must be specifically identified on the label in the list of ingredients, and the source of the protein also must be disclosed. This poses as a restraint for the market growth.

Make an Inquiry

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