Global Flavor Enhancer Market Size study & Forecast, by Applications (Soups and Noodles, Savory Snacks, Seasoning and Condiments, Other Applications) and Regional Analysis, 2023-2030

Description

List of Tables

Global Flavor Enhancer Market is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2023-2030. A flavor enhancer is a specialized ingredient that intensifies and improves the taste profile of food and beverage products. It acts as a catalyst, amplifying the natural flavors present or adding a specific taste element to enhance the overall sensory experience. By stimulating taste receptors and heightening flavor perception, flavor enhancers bring out the desired savory, sweet, sour, or umami characteristics in foods, allowing manufacturers to create more appealing and enjoyable culinary creations that tantalize the palate and captivate consumers' taste buds. The driving factors boosting the market growth are the growing food and beverage industry and increasing consumer demand for enhanced taste.

According to Statista, the food market is estimated to generate a revenue of USD 9.36 trillion in 2023, with an expected annual growth rate of 6.73% between 2023 and 2028. Similarly, the beverages market is projected to reach a revenue of USD202.50 billion in 2023, and the annual growth rate from 2023 to 2027 is anticipated to be 12.66%, leading to a projected market volume of USD326.20 billion by 2027. Moreover, growing food service and quick-service restaurants and technological advancements in flavor enhancer production are expected to create lucrative opportunities in the market. However, the fluctuating raw material prices and competition from natural flavor sources such as herbs, spices, and extracts stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Flavor Enhancer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the established food industry, a well-established distribution infrastructure that efficiently delivers food products to consumers, and consumers having diverse tastes and preferences, leading to a higher demand for flavor-enhanced food products. Asia Pacific is expected to become the fastest growing region during the forecast period, owing to factors such as a rapidly growing population, increasing disposable income changing consumer preferences and a growing food processing industry.

Major market player included in this report are:

Ajinomoto Co., Inc.
Kerry Group plc
Firmenich SA
Koninklijke DSM N.V.
Bell Flavors & Fragnances
Sensient Technologies Corporation
Archer Daniels Midland Company
Corbion NV
Symrise AG
International Flavors & Fragnances Inc.

Recent Developments in the Market:

In January 2023, International Flavors & Fragrances Inc. introduced ChoozIt Vintage in the markets of the United States and Canada. This new product aims to assist cheddar cheese manufacturers in addressing issues related to unwanted flavor development during the aging process. ChoozIt Vintage offers reliable and consistent results in terms of pH and texture throughout the ripening process, ensuring high-quality outcomes.
In May 2022, Givaudan introduced NaNino+, a plant-based flavoring ingredient designed as a viable alternative to nitrites in processed meat. Initially introduced in Europe for emulsified cooked sausages, NaNino+ has expanded its range of applications to include cooked ham and bacon. This innovative product provides manufacturers with a solution to replace nitrites while delivering desirable flavors in processed meat products.

Global Flavor Enhancer Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Application:

Soups and Noodles
Savory Snacks
Seasoning and Condiments
Other Applications

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Flavor Enhancer Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Flavor Enhancer Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Flavor Enhancer Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Flavor Enhancer Market Dynamics

3.1. Flavor Enhancer Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing Food and Beverage Industry
  - 3.1.1.2. Increasing consumer demand for enhanced taste
- 3.1.2. Market Challenges
  - 3.1.2.1. Fluctuating raw material prices
  - 3.1.2.2. Competition from natural flavor sources
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing food service and Quick-Service restaurant
  - 3.1.3.2. Technological advancements in flavor enhancer production

Chapter 4. Global Flavor Enhancer Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Flavor Enhancer Market, by Application

5.1. Market Snapshot
5.2. Global Flavor Enhancer Market by Application, Performance - Potential Analysis
5.3. Global Flavor Enhancer Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Flavor Enhancer Market, Sub Segment Analysis
- 5.4.1. Soups and Noodles
- 5.4.2. Savory Snacks
- 5.4.3. Seasoning and Condiments
- 5.4.4. Other Applications

Chapter 6. Global Flavor Enhancer Market, Regional Analysis

6.1. Top Leading Countries
6.2. Top Emerging Countries
6.3. Flavor Enhancer Market, Regional Market Snapshot
6.4. North America Flavor Enhancer Market
- 6.4.1. U.S. Flavor Enhancer Market
  - 6.4.1.1. Application breakdown estimates & forecasts, 2020-2030
- 6.4.2. Canada Flavor Enhancer Market
6.5. Europe Flavor Enhancer Market Snapshot
- 6.5.1. U.K. Flavor Enhancer Market
- 6.5.2. Germany Flavor Enhancer Market
- 6.5.3. France Flavor Enhancer Market
- 6.5.4. Spain Flavor Enhancer Market
- 6.5.5. Italy Flavor Enhancer Market
- 6.5.6. Rest of Europe Flavor Enhancer Market
6.6. Asia-Pacific Flavor Enhancer Market Snapshot
- 6.6.1. China Flavor Enhancer Market
- 6.6.2. India Flavor Enhancer Market
- 6.6.3. Japan Flavor Enhancer Market
- 6.6.4. Australia Flavor Enhancer Market
- 6.6.5. South Korea Flavor Enhancer Market
- 6.6.6. Rest of Asia Pacific Flavor Enhancer Market
6.7. Latin America Flavor Enhancer Market Snapshot
- 6.7.1. Brazil Flavor Enhancer Market
- 6.7.2. Mexico Flavor Enhancer Market
6.8. Middle East & Africa Flavor Enhancer Market
- 6.8.1. Saudi Arabia Flavor Enhancer Market
- 6.8.2. South Africa Flavor Enhancer Market
- 6.8.3. Rest of Middle East & Africa Flavor Enhancer Market

Chapter 7. Competitive Intelligence

7.1. Key Company SWOT Analysis
- 7.1.1. Company 1
- 7.1.2. Company 2
- 7.1.3. Company 3
7.2. Top Market Strategies
7.3. Company Profiles
- 7.3.1. Ajinomoto Co. Ltd
  - 7.3.1.1. Key Information
  - 7.3.1.2. Overview
  - 7.3.1.3. Financial (Subject to Data Availability)
  - 7.3.1.4. Product Summary
  - 7.3.1.5. Recent Developments
- 7.3.2. Kerry Group Plc
- 7.3.3. Firmenich SA
- 7.3.4. Koninklijke DSM N.V.
- 7.3.5. Bell Flavors & Fragnances
- 7.3.6. Sensient Technologies Corporation
- 7.3.7. Archer Daniels Midland Company
- 7.3.8. Corbion NV
- 7.3.9. Symrise AG
- 7.3.10. International Flavors & Fragnances Inc.

Chapter 8. Research Process

8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Flavor Enhancer Market, report scope
TABLE 2. Global Flavor Enhancer Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Flavor Enhancer Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 4. Global Flavor Enhancer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 5. Global Flavor Enhancer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Flavor Enhancer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Flavor Enhancer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Flavor Enhancer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Flavor Enhancer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Flavor Enhancer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Flavor Enhancer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Flavor Enhancer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Flavor Enhancer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. U.S. Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 16. U.S. Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. Canada Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. Canada Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. UK Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. UK Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. Germany Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. Germany Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. France Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. France Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. Italy Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. Italy Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Spain Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Spain Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. RoE Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. RoE Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. China Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. China Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. India Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. India Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. Japan Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. Japan Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. South Korea Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. South Korea Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. Australia Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. Australia Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. RoAPAC Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. RoAPAC Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. Brazil Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. Brazil Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Mexico Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Mexico Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. RoLA Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. RoLA Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. Saudi Arabia Flavor Enhancer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. South Africa Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoMEA Flavor Enhancer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. List of secondary sources, used in the study of global Flavor Enhancer Market
TABLE 69. List of primary sources, used in the study of global Flavor Enhancer Market
TABLE 70. Years considered for the study
TABLE 71. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Flavor Enhancer Market, research methodology
FIG 2. Global Flavor Enhancer Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Flavor Enhancer Market, key trends 2022
FIG 5. Global Flavor Enhancer Market, growth prospects 2023-2030
FIG 6. Global Flavor Enhancer Market, porters 5 force model
FIG 7. Global Flavor Enhancer Market, pest analysis
FIG 8. Global Flavor Enhancer Market, value chain analysis
FIG 9. Global Flavor Enhancer Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Flavor Enhancer Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Flavor Enhancer Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Flavor Enhancer Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Flavor Enhancer Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Flavor Enhancer Market, regional snapshot 2020 & 2030
FIG 15. North America Flavor Enhancer Market 2020 & 2030 (USD Billion)
FIG 16. Europe Flavor Enhancer Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Flavor Enhancer Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Flavor Enhancer Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Flavor Enhancer Market 2020 & 2030 (USD Billion)