Flavor Enhancer Market By Type, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Flavor Enhancer Market," The flavor enhancer market was valued at $11.4 billion in 2022, and is estimated to reach $20.4 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

A substance or component used to improve the flavor and aroma of food is known as a flavor enhancer. It functions by bringing out the flavors already present in the dish, enhancing its sensory appeal. There are several food products that use flavor enhancers, such as processed foods, snacks, sauces, soups, and seasonings. To balance the flavor and improve the overall flavor profile, they are often added in little amounts. MSG is an amino acid that is naturally present in many foods and is produced as a crystalline powder from glutamic acid. Umami, a flavor that is savory and meaty, is said to be enhanced by it. MSG is frequently used to enhance flavor in savory foods such as processed foods, soups, and sauces.

The flavor enhancer market is analyzed on the basis of type, application, and region. By type, the market is divided into acidulants, glutamates, hydrolyzed vegetable proteins, yeast extracts, and others. By application, it is classified into processed convenience foods, beverages, meat and fish products, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global increase in the use of convenience and processed foods is a key factor driving the market for flavor enhancers. The taste, aroma, and overall sensory experience of processed meals are improved with flavor enhancers, which makes them more alluring to customers. The need for ready-to-eat meals and busier lifestyles are both predicted to increase demand for taste enhancers. The demand for flavor enhancers that can offer innovative flavors and profiles is being driven by consumer's desire for a variety of distinctive flavor experiences. Ethnic and international cuisines, natural ingredients, and ingredients with clean labels are all gaining popularity. To meet changing consumer demands, manufacturers are responding to these tastes by creating novel and specialized flavor enhancers.

The key players operating in the flavor enhancer market have adopted product launch and business expansion as their key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global flavor enhancer market are Ajinomoto Co., Inc., DSM nutritional products, DuPont de Nemours, Inc., Firmenich SA, International Flavors & Fragrances Inc., Kerry Group plc, Givaudan SA, Angel Yeast Co., Ltd., Lesaffre Et Compagnie, and Fufeng Group Company Limited.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flavor enhancer market analysis from 2022 to 2032 to identify the prevailing flavor enhancer market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the flavor enhancer market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global flavor enhancer market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Acidulants
Glutamates
Hydrolyzed Vegetable Proteins
Yeast Extracts
Others

By Application

Processed Convenience Foods
Beverages
Meat and Fish Products
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Netherlands
- Spain
- Belgium
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Malaysia
- Indonesia
- Thailand
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

Ajinomoto Co., Inc.
Angel Yeast Co., Ltd.
DSM-Firmenich AG
Fufeng Group Company Limited
Givaudan SA
International Flavors & Fragrances Inc.
Kerry Group plc
Lesaffre Et Compagnie
Meihua Holdings Group Co., Ltd.
Tate & Lyle PLC

Product Code: A03095

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Rise in the sale of packaged and processed food
  - 3.4.1.2. Increased demand for functional food and drinks
  - 3.4.1.3. Technological advancement

3.4.2. Restraints
- 3.4.2.1. Increasing side effects of artificial flavor enhancers
- 3.4.2.2. Stringent Government Regulation

3.4.3. Opportunities
- 3.4.3.1. Rise in demand for flavor enhancers from emerging nations
- 3.4.3.2. Innovation in savory and umami flavors

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: FLAVOR ENHANCER MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Acidulants
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Glutamates
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Hydrolyzed Vegetable Proteins
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Yeast Extracts
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country

CHAPTER 5: FLAVOR ENHANCER MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Processed Convenience Foods
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Beverages
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Meat and Fish Products
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country

CHAPTER 6: FLAVOR ENHANCER MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Key market trends, growth factors and opportunities
  - 6.2.4.1.2. Market size and forecast, by Type
  - 6.2.4.1.3. Market size and forecast, by Application
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Key market trends, growth factors and opportunities
  - 6.2.4.2.2. Market size and forecast, by Type
  - 6.2.4.2.3. Market size and forecast, by Application
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Key market trends, growth factors and opportunities
  - 6.2.4.3.2. Market size and forecast, by Type
  - 6.2.4.3.3. Market size and forecast, by Application
6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. UK
  - 6.3.4.1.1. Key market trends, growth factors and opportunities
  - 6.3.4.1.2. Market size and forecast, by Type
  - 6.3.4.1.3. Market size and forecast, by Application
  - 6.3.4.2. Germany
  - 6.3.4.2.1. Key market trends, growth factors and opportunities
  - 6.3.4.2.2. Market size and forecast, by Type
  - 6.3.4.2.3. Market size and forecast, by Application
  - 6.3.4.3. France
  - 6.3.4.3.1. Key market trends, growth factors and opportunities
  - 6.3.4.3.2. Market size and forecast, by Type
  - 6.3.4.3.3. Market size and forecast, by Application
  - 6.3.4.4. Netherlands
  - 6.3.4.4.1. Key market trends, growth factors and opportunities
  - 6.3.4.4.2. Market size and forecast, by Type
  - 6.3.4.4.3. Market size and forecast, by Application
  - 6.3.4.5. Spain
  - 6.3.4.5.1. Key market trends, growth factors and opportunities
  - 6.3.4.5.2. Market size and forecast, by Type
  - 6.3.4.5.3. Market size and forecast, by Application
  - 6.3.4.6. Belgium
  - 6.3.4.6.1. Key market trends, growth factors and opportunities
  - 6.3.4.6.2. Market size and forecast, by Type
  - 6.3.4.6.3. Market size and forecast, by Application
  - 6.3.4.7. Russia
  - 6.3.4.7.1. Key market trends, growth factors and opportunities
  - 6.3.4.7.2. Market size and forecast, by Type
  - 6.3.4.7.3. Market size and forecast, by Application
  - 6.3.4.8. Poland
  - 6.3.4.8.1. Key market trends, growth factors and opportunities
  - 6.3.4.8.2. Market size and forecast, by Type
  - 6.3.4.8.3. Market size and forecast, by Application
  - 6.3.4.9. Rest of Europe
  - 6.3.4.9.1. Key market trends, growth factors and opportunities
  - 6.3.4.9.2. Market size and forecast, by Type
  - 6.3.4.9.3. Market size and forecast, by Application
6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Key market trends, growth factors and opportunities
  - 6.4.4.1.2. Market size and forecast, by Type
  - 6.4.4.1.3. Market size and forecast, by Application
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Key market trends, growth factors and opportunities
  - 6.4.4.2.2. Market size and forecast, by Type
  - 6.4.4.2.3. Market size and forecast, by Application
  - 6.4.4.3. India
  - 6.4.4.3.1. Key market trends, growth factors and opportunities
  - 6.4.4.3.2. Market size and forecast, by Type
  - 6.4.4.3.3. Market size and forecast, by Application
  - 6.4.4.4. Australia
  - 6.4.4.4.1. Key market trends, growth factors and opportunities
  - 6.4.4.4.2. Market size and forecast, by Type
  - 6.4.4.4.3. Market size and forecast, by Application
  - 6.4.4.5. South Korea
  - 6.4.4.5.1. Key market trends, growth factors and opportunities
  - 6.4.4.5.2. Market size and forecast, by Type
  - 6.4.4.5.3. Market size and forecast, by Application
  - 6.4.4.6. Malaysia
  - 6.4.4.6.1. Key market trends, growth factors and opportunities
  - 6.4.4.6.2. Market size and forecast, by Type
  - 6.4.4.6.3. Market size and forecast, by Application
  - 6.4.4.7. Indonesia
  - 6.4.4.7.1. Key market trends, growth factors and opportunities
  - 6.4.4.7.2. Market size and forecast, by Type
  - 6.4.4.7.3. Market size and forecast, by Application
  - 6.4.4.8. Thailand
  - 6.4.4.8.1. Key market trends, growth factors and opportunities
  - 6.4.4.8.2. Market size and forecast, by Type
  - 6.4.4.8.3. Market size and forecast, by Application
  - 6.4.4.9. Rest of Asia-Pacific
  - 6.4.4.9.1. Key market trends, growth factors and opportunities
  - 6.4.4.9.2. Market size and forecast, by Type
  - 6.4.4.9.3. Market size and forecast, by Application
6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Key market trends, growth factors and opportunities
  - 6.5.4.1.2. Market size and forecast, by Type
  - 6.5.4.1.3. Market size and forecast, by Application
  - 6.5.4.2. South Africa
  - 6.5.4.2.1. Key market trends, growth factors and opportunities
  - 6.5.4.2.2. Market size and forecast, by Type
  - 6.5.4.2.3. Market size and forecast, by Application
  - 6.5.4.3. Saudi Arabia
  - 6.5.4.3.1. Key market trends, growth factors and opportunities
  - 6.5.4.3.2. Market size and forecast, by Type
  - 6.5.4.3.3. Market size and forecast, by Application
  - 6.5.4.4. Rest of LAMEA
  - 6.5.4.4.1. Key market trends, growth factors and opportunities
  - 6.5.4.4.2. Market size and forecast, by Type
  - 6.5.4.4.3. Market size and forecast, by Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Ajinomoto Co., Inc.
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
8.2. Angel Yeast Co., Ltd.
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. Fufeng Group Company Limited
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
8.4. Givaudan SA
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
8.5. Kerry Group plc
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
8.6. Lesaffre Et Compagnie
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
8.7. International Flavors & Fragrances Inc.
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.7.7. Key strategic moves and developments
8.8. Meihua Holdings Group Co., Ltd.
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
8.9. Tate & Lyle PLC
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. DSM-Firmenich AG
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Key strategic moves and developments