Flavor Enhancer Market is expected to grow at a CAGR of 7.2% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Flavor Enhancer Market size was valued at USD 13.1 billion in 2023 growing at a CAGR of 7.2% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Flavor Enhancer Market size accounted for USD 13.1 Billion in 2023, growing at a CAGR of 7.2% from 2023 to 2033. Flavor enhancers are substances added to food and beverages to enhance their taste and aroma. They are used to intensify the existing flavors in the food or create new ones. These substances typically work by stimulating the taste buds, making the food more palatable. There are natural flavor enhancers, such as herbs and spices, as well as artificial or synthetic ones, like monosodium glutamate (MSG).

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As the demand for processed and convenience foods increases globally, manufacturers seek ways to enhance the taste of their products. Flavor enhancers play a crucial role in improving the overall sensory experience of processed foods. Consumers are increasingly looking for unique and exotic flavors in their food. Flavor enhancers enable food manufacturers to meet these changing preferences by creating novel taste experiences. With the globalization of food culture, people are becoming more exposed to diverse cuisines. Flavor enhancers help replicate authentic tastes and aromas from different parts of the world.

Key Players
Some of the major Flavor Enhancer Market players holding high market shares include Ajinomoto Co., Inc., DSM nutritional products, DuPont de Nemours, Inc., Firmenich SA, and International Flavors & Fragrances Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Kerry Group plc, Givaudan SA, Angel Yeast Co., Ltd., Lesaffre Et Compagnie, and Fufeng Group Company Limited

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Segmental Analysis
Based on type, the Flavor Enhancer market is segmented into Acidulants, Glutamates, Hydrolyzed Vegetable Proteins, Yeast Extracts, and Others. Glutamates are the largest segment of the flavor enhancer market. Glutamates are a type of amino acid that is commonly used as a flavor enhancer because they have a strong savory taste that can enhance the taste of other foods. Monosodium glutamate (MSG) is the most common type of glutamate used in food processing.
Based on application, the Flavor Enhancer market is Processed Convenience Foods, Beverages, Meat and Fish Products, and Others. Processed convenience foods are the largest application segment of the flavor enhancer market. Processed convenience foods are typically high in sodium and other flavor enhancers, which are used to make them more palatable. Examples of processed convenience foods that commonly use flavor enhancers include frozen meals, snacks, and sauces.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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