Multinationals Account for Approximately 60% Sales of Organic Flavor Carrier – New Study by FactMR

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Organic Flavor Carrier. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Organic Flavor Carrier Market across various industries and regions.

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The natural flavor carrier market place is highly consolidated, wherein leading players including Cargill Inc., Firmenich SA, Givaudan SA and Sensient Technologies Corporation collectively hold around 55-60% of the global market revenue share.

While prominent players are engaged in the expansion of their global footprints, especially in the high potential markets of developing countries. Small and mid-size players in the natural flavor carrier market are engaged in introducing a combination of novel and economic alternatives.

Key brands are also engaged in introducing features such as affordability in addition to their natural origin to ensure market sustainability amid intense competition.

In November 2018, Firmenich completed the acquisition of Senomyx Inc. While the former is a leading provider of fragrance and flavor, the latter is a global leader in flavor innovation. The acquisition was aimed at strengthening Firmenich’s taste and nutrition capabilities as well as the company’s excellence in generating healthy and novel tasting food, beverage and oral care experiences for its consumers.
In July 2018, Sensient Technologies, a global manufacturer and marketer of colors, flavors and fragrances acquired Mazza Innovation Ltd., a Delta-based provider of clean and healthy plant extracts. Mazza Innovation is expected to use the global consumer base of Sensient for increasing the exposure of Mazza's environmentally friendly extraction technology.
In May 2018, Ingredion Inc., a global provider of food ingredients launched nature-based N-ZORBIT™ 2144 plating agent. ZORBITTM is a carrier with a high capacity which enables food processors to change a wide variety of water-and oil-soluble liquids into powdered ingredients at an affordable price point.
In January 2018, Nexira, a global provider of natural and organic ingredients announced a strategic partnership with Omega Pharma NV which is Europe’s one of the largest speciality pharmaceutical companies. The partnership is aimed at expanding Nexira’s business in Europe.
Other key players in the natural flavor carrier market include as DuPont Tate & Lyle Bio Products Company, LLC, Corbion NV, Sensient Technologies Corporation, Cargill Inc., Excelvite Sdn. Bhd., International Flavors & Fragrances Inc., Givaudan SA, Kent Corporation (Grain Processing Corporation), Firmenich SA, Stepan Company, The Dow Chemical Company, Oleon and Nexira.

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Pervasive Uptake of “All-Natural” Trend to Uphold Natural Flavor Carrier Sales
In a bid to cope up with burgeoning demand for authentically processed and natural-ingredients based food & beverage products, food innovators are keeping their development efforts in line with the on-trend flavor profiles. Key players in the natural flavor carrier market are putting efforts to better understand the formulation and utility of different flavoring systems, and their criticality in developing food taste, which in turn acts as successful product development enabler.

As the drive toward sugar reduction, along with the preference for healthy food, gains increased traction, choice of ingredients continues to narrow. This has led the flavor carrier makers in creating impactful roadmaps to meet flavor expectations, while fuelling exploration activities. Additionally, challenges associated with thermal stability of natural flavors have necessitated greater addition levels of flavors to offset potential degradation or the requirement for employing capital-intensive methods of flavor additions post-processing. This will further complement growth of the natural flavor carrier market as a consequence.

Product diversification efforts of the food industry players have led to the development of various natural flavorings, thereby leading to the introduction of a wide range of natural flavor carriers as a result. The study anticipates maltodextrin to remain the preferred natural flavor carrier among food processors, followed by propanediol, ethyl alcohol and Gum Arabic. Collective volume share of the propanediol and ethyl alcohol is expected to equal that of maltodextrin in 2019. Gains from Gum Arabic are also expected to remain significant, with sales projected to record a comparatively faster growth than those of maltodextrin, propanediol and ethyl alcohol.

Leading players in the natural flavor carrier market have continuously been seeking compounds and formulations that arrest the bonding of human taste receptors and off-flavor chemicals. Completely blocking uptake of negative chemicals, advances in natural flavor carriers have eliminated the negative sensation of ingredients and flavors used. Banking on new discoveries, food manufacturers have introduced a wide range of options for developers, thereby narrowing solutions based on production process and product category.

This study also offers an accurate forecast of the natural flavor carrier market for the period between 2018 and 2028. The natural flavor carrier market is envisaged to record a volume CAGR of 6.3% through 2028.

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More Valuable Insights on Organic Flavor Carrier Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Organic Flavor Carrier, Sales and Demand of Organic Flavor Carrier, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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