Flavor Enhancers Market: Huge Growth to be Witnessed in Revenue by 2028 - Exclusive Forecast Report by Stratagem Market Insights

Seattle, United States: According to a recent market research study "Flavor Enhancers Market By Type (Acidulants, Glutamates, Hydrolyzed vegetable protein, yeast extracts, Others (sweetness enhancers and nucleotides)), By Application (Processed & convenience foods, Beverages, Meat & fish products, others (bakery, dairy, confectionery products, and condiments)), and By Region (North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa) - Global Growth, Trends, and Forecast to 2028", published by Stratagem Market Insights, The Flavor Enhancers market rise in demand from emerging economies and the growth of the organized industry sector create growth opportunities for the market.

📌 Segmentation by Type:

The type segment contributed the largest share to the global Flavor Enhancers market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2028.

✤ Acidulants
✤ Glutamates
✤ Hydrolyzed vegetable protein
✤ Yeast Extracts
✤ Others (sweetness enhancers and nucleotides)

📌 Segmentation by Application:

An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and RoW.

✤ Processed & convenience foods
✤ Beverages
✤ Meat & fish products
✤ Others (bakery, dairy, confectionery products, and condiments)

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Flavor Enhancers Market includes the following core components:

The value chain of the Flavor Enhancers market includes the following core components:

✦ Inputs
✦ Operations
✦ Distribution and logistics
✦ Marketing and sales
✦ Aftermarket and service
✦ Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Highlights -

Segmentation - The report extensively covers market segmentation by Type (Acidulants, Glutamates, Hydrolyzed vegetable protein, yeast extracts, Others (sweetness enhancers and nucleotides)) and Application (Processed & convenience foods, Beverages, Meat & fish products, others (bakery, dairy, confectionery products, and condiments))

Key Companies - Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), Sensient Technologies (U.S.)

Driver - Growing investments in Flavor Enhancers industry to drive the market

Challenge - Declining costs to hamper the market growth

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Leading Players Insights -

The Flavor Enhancers Market is concentrated and the players are deploying growth strategies such as focusing on improving their sales, distribution, and working capital effectively to compete in the market.

✤ Cargill (U.S.)
✤ Tate & Lyle PLC (U.K.)
✤ Associated British Foods plc (U.S.)
✤ Corbion N.V. (Netherlands)
✤ Sensient Technologies (U.S.)

Find additional highlights on the Players and their product/service offerings. Download Sample Report: https://www.stratagemmarketinsights.com/sample/42667

Overview of the Flavor Enhancers Market:

Flavor enhancers are ingredients that are added to foods to add a more intense taste. These additives are most commonly found in savory products and are produced commercially in snack foods, instant soups and frozen dinners. Some examples of these flavor enhancers include sodium aspartate, di-sodium phosphate and monosodium glutamate. Salt is also an excellent natural flavor enhancer, which is one of the five basic tastes. These enhancers have several health benefits, including reduced cholesterol and blood pressure.

Growing demand for convenience food & beverage products is a prime factor augmenting growth of flavor enhancers market. Increasing consumption of glutamates that are majorly used as flavor enhancers is again fostering market growth. Advancement in the processing techniques for enhancing shelf-life of processed foods is also accelerating growth of the market. Moreover, rise in work from home has further boosted demand for packaged food, thereby uplifting growth of the market.

Asia Pacific is expected to witness significant growth over the forecast period owing to the expanding food &beverage sector and increasing population in the region. According to the India Brand Equity Foundation, food and grocery retail contribute to 70 percent of the total retail sales. According to industry estimates, the segment is growing at a rate of 104 percent and is expected to grow to US$ 482 billion by 2020.

Key Developments:

✤ In May 2020, CJ CheilJedang announced the launch of TasteNrich, a flavor enhancer made with all-natural ingredients in order to meet demand of growing number of health-conscious consumers uncomfortable with the use of MSG and yeast extracts.

✤ In September 2017, PureCircle has launched a new stevia leaf-based flavor enhancers that augment both vanilla and cocoa flavors. The new flavor enhancers build on the company's range of flavors, allowing them to enhance key benefits such as mouthfeel, sweetness quality and different tonalities across a wide range of applications

✤ In July 2020, Zhou Nutrition, maker of high-quality, lab-verified supplements for holistic wellness, has launched an innovative new line, Zhou Nutrition Water Enhancers. Zhou Nutrition Water Enhancers are available in six delicious natural flavors, and support a variety of wellness needs, from hair and skin health to memory, and management of occasional stress.

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