Global Flavor Enhancers Market to Reach $15.3 Billion by 2030
The global market for Flavor Enhancers estimated at US$9.9 Billion in the year 2022, is projected to reach a revised size of US$15.3 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Glutamates, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$6.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Acidulants segment is readjusted to a revised 5.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 8.9% CAGR
The Flavor Enhancers market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.Select Competitors (Total 33 Featured) -
- Ajinomoto Co., Inc.
- Associated British Foods PLC
- Cargill, Inc.
- Corbion NV
- DuPont Nutrition & Health
- Firmenich SA
- Innova Flavors
- International Flavors & Fragrances, Inc.
- Mane SA
- Senomyx, Inc.
- Sensient Technologies Corporation
- Synergy Flavors Ltd.
- Tate & Lyle PLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ajinomoto Co., Inc.
- Associated British Foods PLC
- Cargill, Inc.
- Corbion NV
- DuPont Nutrition & Health
- Firmenich SA
- Innova Flavors
- International Flavors & Fragrances, Inc.
- Mane SA
- Senomyx, Inc.
- Sensient Technologies Corporation
- Synergy Flavors Ltd.
- Tate & Lyle PLC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 319 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 9.9 Billion |
Forecasted Market Value ( USD | $ 15.3 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |