Food Flavor and Enhancer Market Growth, Trends and Forecasts (2020 - 2025)

The global food flavor and enhancer market is forecasted to grow at a CAGR of 5.5% during the forecast period (2019-2024).

The market is driven by the changing lifestyle, increasing demand for healthy ingredient, and influential trend for new exotic and ethnic flavors. With rising preference for premium-quality products, including premium lines of seasonings and sauces, the market is growing rapidly across the globe.

Majority of the population specifically in South American region have attraction towards foreign cuisines. Majority of population is experimenting food formulation specifically from Asian countries which is driving the food flavor and enhancer market over the forecast period

Key Market Trends

Increasing demand for natural flavors

There is a rising demand for natural food flavors and consumers are seen avoiding artificial colors and flavors owing to the increasing health hazards that occur in consumption of synthetic/artificial flavors, which has resulted in an increased demand for natural food flavors. The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market. - The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market.

South America is the fastest growing market

Increasing consumers awareness towards health and wellness is leading the consumers to shift from artificial flavors to organic and natural flavors. Also, many food enhancers are being commercially produced as they are in great demand. Food flavor enhancers are especially used in protein rich food as it enhances the taste of foods like fish and meat, where foods like these are highly consumed in this region. Low labor cost in the region is also expected to encourage companies towards establishment of ventures, thereby augmenting the growth of the flavor market. Consumer perception regarding the benefits of natural additives has generated interest among the americans about the use of food flavor enhancers.

Competitive Landscape

The food flavor and enhancer market is moderately competitive, with continuous growth, going on, in terms of flavors and new ingredients sourcing methodology. Some of the prominent players in the market studied are Cargill, Givaudan, Corbion, Sensient, and ADM. Companies are coming up with new innovative flavors, preferably, clean-label ingredients, which are naturally derived. Moreover, the manufacturers are even expanding their presence and procurement procedures.

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