Flavor Masking Agents for Food and Beverages Market Study: An Emerging Hint of Opportunity

The scope of our recent study titled "Flavor Masking Agents for Food And Beverages Market Forecast to 2030 - COVID-19 Impact and Global Analysis - by Type and Application," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of major market players and their key developments. The report also provides a market share analysis.

The flavor masking agents for food and beverages market size is projected to grow from US$ 134.32 million in 2022 to US$ 211.98 million by 2030; the market is expected to grow at a CAGR of 5.9% from 2022 to 2030.

Flavor masking agents are ingredients or additives used to mask undesirable flavors in various food and beverages such as bakery and confectionery, dairy and frozen desserts, meat alternatives, dairy alternatives, meat and seafood products, savory snacks, among others. Flavor masking agents increase the palatability of food by masking the off-notes such as bitterness, sweetness, saltiness, sourness, fat-flavor, metallic off-notes, chalkiness, and beany and grassy flavors. Flavor masking agents also include flavor systems such as taste modulators, bitterness suppressors, sweetness suppressors, fat modulators, among others.

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Based on application, the flavor masking agents for food and beverages market is segmented into bakery and confectionery; dairy and frozen desserts; beverages; meat, poultry, and seafood; meat substitutes; dairy alternatives; RTE and RTC meals; and others. The meat substitute segment projected to register highest CAGR in the forecast period. In the meat substitutes segment, flavor masking agents are crucial in making plant-based products that mimic the taste of meat. The demand for these agents is rising with the growing popularity of plant-based diets and flexitarianism. They help cover any undesirable off-notes and deliver a meaty flavor profile in vegetarian and vegan alternatives, making them appealing to a broader consumer base.

The flavor masking agents for food and beverages market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest share of the market in 2022, and Europe is expected to register the highest CAGR during the forecast period. The market growth in the region is attributed to increasing consumer focus on reducing sugar content in products and upsurging consumer interest in plant-based products. The European market has seen an increasing focus on reducing sugar content in products as a part of public health initiatives to combat obesity and related health issues. In January 2022, the World Health Organization (WHO)/Europe announced the launch of a new, voluntary, Member State-led Sugar and Calories Reduction Network to promote healthier diets and reduce obesity and overweight levels among consumers across the region. This has led to increase in demand for flavor masking agents as it helps manufacturers to modulate sweetness without adding sugar, making them appealing to health-conscious consumers. These factors expected to drives the flavor masking agents for food and beverages market growth in the region.

Impact of COVID-19 Pandemic on Flavor Masking Agents for Food And Beverages Market

Before the COVID-19 pandemic, Before the pandemic, many countries were experiencing growth in various industrial sectors such as food and beverages industry. This favors the flavor masking agents for food and beverages market. However, a severe disruption in the supply chain, including the distribution of food products, was witnessed after the onset of COVID-19. The disruption in the supply chain also created a significant shortage of raw materials, hampering the production activities of various flavor masking agents manufacturers worldwide. Delays in the supply chain were particularly troublesome for raw materials due to delayed transportation during the pandemic-induced lockdowns, which affected the product quality and value of shipments received by importing countries. Due to supply chain disruptions, raw material and labor shortages, and operational difficulties, there was a demand and supply gap that affected the global flavor masking agents for food and beverages market growth.

However, in 2021, governments of various countries relaxed the previously imposed restrictions including lockdowns and trade bans. Manufacturers could operate with full capacity which helped them to overcome the demand and supply gap. These factors had a positive impact on the flavor masking agents for food and beverages market growth.

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The report segments the flavor masking agents for food and beverages market as follows:
Based on type, the flavor masking agents for food and beverages market is segmented into sweet, salt, fat, bitter, and others. In terms of application, the flavor masking agents for food and beverages market is segmented into bakery and confectionery; dairy and frozen desserts; beverages; meat, poultry, and seafood; meat substitutes; dairy alternatives; RTE and RTC meals; and others. Based on geography, the flavor masking agents for food and beverages market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

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