Flavour Enhancers Market Forecast Covering Growth Inclinations & Development Strategies until 2026
As per a study by Fact.MR, the global market for flavour enhancers is likely to experience steady growth. In terms of volume, the market is estimated to increase to 4.9% CAGR between 2017 and 2026.
[ClickPress, Mon Dec 03 2018] According to the latest report by Fact.MR, the global flavour enhancers market is expected to witness steady growth during 2017-2026. The market is also projected to expand at a CAGR of 5.4% in terms of value. By the end of 2026, the global flavour enhancers market is projected to reach 3,495 thousand tons in terms of volume.
Food and beverages industry is using a variety of flavours and is also increasingly investing in the research and development of new flavours. Moreover, exotic fruits and vegetables, as well as ethnic flavours are gaining popularity across the globe. Floral flavours continue to show impressive growth in the market. Exotic spices are also being used in food processing industry to add some spicy touch to the food as well as beverages. Consumers are looking for sports nutrition products. In extensive sports nutrition product range, chocolate, strawberry, and vanilla are the flavours that are in demand in the market.
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6 Key Highlights on Global Flavour Enhancers Market
- North America is expected to be the dominating region in the global flavor enhancers market. In terms of value, North America is projected to surpass US$ 1,300 million revenue by the end of 2026. Presence of manufacturers in the U.S. holding majority of share in food and flavors market are contributing to the growth.
- Meanwhile, Asia Pacific Excluding Japan (APEJ) and Europe are also expected to witness growth. India and China hold a strong position in the flavor enhancers market. Moreover, South East nations with various flavor preferences present opportunity for key market players.
- Glutamates are expected to be the highly preferred product in flavor enhancers market. Towards the end of 2026, glutamates are projected to surpass US$ 2,000 million revenue.
- Powder form of flavor enhancers are expected to witness the highest growth. Powder form are projected to bring in more than US$ 2,900 million revenue by the end of 2026.
- Flavor enhancers are expected to be largely used in beverages during the forecast period. By the end of 2026, beverages are projected to reach over US$ 1,200 million revenue.
- Synthetic source is expected to be largely used in flavor enhancers. Synthetic source is anticipated to create an incremental opportunity of more than US$ 1,300 million during 2017-2026.
The report also comprises profiles of the leading companies in the global market for flavour enhancers, which will operate through 2026. These include companies such as Cargill, Tate & Lyle PLC, Associated British Foods plc, Corbion N.V., Sensient Technologies, Firmenich SA, Givaudan, Takasago International Corporation, Mane SA, IFF, Stymies AG, Quest, Takasago, and Danisco.
Glutamates to Emerge as the Top-Selling Product
Among various product type in the global market for flavour enhancers, glutamates are likely to emerge as the top-selling product. By 2026 end, glutamates are estimated reach over 1,800 thousand tons in terms of volume. Glutamate provides unique taste to foods and enhances the flavor of food. Moreover, glutamate is used in many cuisines as it provides umami (savory) taste in various foods.
Flavour Enhancers in Powder Form to Gain Maximum Traction
Compared to the liquid form of flavour enhancers, powers form is likely to witness significant growth. Flavour enhancers in powder form are estimated to exceed US$ 2,900 million revenue by 2026 end. Flavour enhancers in powdered form are easy to use as compared to the liquid form. Moreover, powdered form of flavour enhancers are being used on a large scale in bakery products. Technological advancement is leading to the increased use of powder form of flavour enhancers as dosing is also easy.
Flavour Enhancers to Find Largest Application in Beverages
Beverages are likely to account for the largest application of flavour enhancers between 2017 and 2026. Beverages are estimated to reach close to US$ 1,300 million revenue towards 2026 end. Manufacturers in food and beverages industry are focusing on producing new beverages with unique flavours. Moreover, flavour enhancers help beverage companies to reformulate products, maintaining the taste of the product.
Synthetic Source to be largely used in Flavor Enhancers
Compared to the natural source, synthetic source is likely to be used on a large scale in flavour enhancers. By 2026 end, synthetic source is estimated to exceed US$ 3,400 million revenue. Manufacturers are using synthetic source to produce flavour enhancers because the massive quantity of natural resources are needed to extract flavours. Moreover, people suffering from various food allergies is also driving manufacturers to use synthetic flavours.
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Table of Content:
- Global Economic Outlook
- Global Flavor Enhancers Market - Executive Summary
- Global Flavor Enhancers Market Overview
3.1.1. Global Flavor Enhancers Market Taxonomy
3.1.2. Global Flavor Enhancers Market Definition
3.2. Global Flavor Enhancers Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Flavor Enhancers Market Y-o-Y Growth
3.3. Global Flavor Enhancers Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.7. PEST Analysis
3.8. Service Provider List
3.9. Key Participants Market Presence (Intensity Map) By Region
- Global Flavor Enhancers Market Analysis and Forecast 2012-2026
4.1. Global Flavor Enhancers Market Size and Forecast By Product Type, 2012-2026
4.1.1. Acidulants Market Size and Forecast, 2012-2026
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
4.1.2. Glutamates Market Size and Forecast, 2012-2026
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
4.1.3. Hydrolyzed Vegetable Proteins Market Size and Forecast, 2012-2026
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
4.1.4. Yeast Extracts Market Size and Forecast, 2012-2026
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
4.2. Global Flavor Enhancers Market Size and Forecast By Form, 2012-2026
4.2.1. Powder Market Size and Forecast, 2012-2026
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
4.2.2. Liquid Market Size and Forecast, 2012-2026
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
4.3. Global Flavor Enhancers Market Size and Forecast By Application, 2012-2026
4.3.1. Convenience Foods Market Size and Forecast, 2012-2026
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
4.3.2. Beverages Market Size and Forecast, 2012-2026
The report also profiles companies that are expected to remain active in the expansion of global flavour enhancers market through 2026, which include Danisco, Takasago, Quest, Stymies AG, IFF, Mane SA, Takasago International Corporation, Givaudan, Firmenich SA, Sensient Technologies, Corbion N.V., Associated British Foods plc., Tate & Lyle PLC, and Cargill.
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