Press release
Bitterness Suppressors and Flavor Carriers Market Projected to Reach $322.30 Million by 2032 | CAGR: 4.7%
Market OutlookThe global bitterness suppressors and flavour carriers market was valued at USD 203.12 million in 2022 and is expected to grow to USD 322.30 million by 2032. The market is expected to expand at a CAGR of 4.7% from 2023 to 2032.
Overview
Bitterness suppressors are utilized to decrease pervasive levels in food and beverages and pharmaceutical commodities. The majority of foods, beverages, and medicines taste bitter and unsavory, which is nauseating. The bitter taste assists in covering up the unsavory and bitter taste of food, rendering it more palatable. Taste carriers are manmade or organic chemicals utilized to withdraw and flavor food and beverages to enhance flavor, longevity, and texture. Flavor carriers behave as processing help, carriers, humectants, food additives, and solvents in insoluble applications, replacing maltodextrin.
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Growth Factors and Opportunities
Increased demand from flavor carriers in the sports and nutrition industry is expected to drive up the demand for bitterness suppressors and flavour carriers. Moreover, the growing intake of processed food, along with the escalating population, has enhanced the demand for processed food. For instance, roughly 70% of American diets include processed foods propelling the bitterness suppressors and flavour carriers market forward.
Key Participants
The market is continuously developing with several firms struggling to invent and differentiate themselves. Some of the major players participating in the bitterness suppressors and flavour carriers market are:
• Cargill
• Incorporated
• Dohler
• E.I. du Pont de Nemours and Company
• Givaudan
• International Flavors & Fragrances Inc.
• Sensient Colors LLC
• Symrise AG
• Firmenich SA
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Bitterness Suppressors and Flavor Carriers Market Report Highlights
• Flavor carriers segment is expected to lead the global market in 2022 primarily due to easy availability of different flavors
• Liquid segment is expected to grow at fastest CAGR during the forecast period. This is attributed to increasing popularity of ready to drink beverages
• Natural segment held largest share in the global market primarily due to increasing preference for health-conscious products and natural ingredients.
• Food and beverages segment is accounting largest revenue in the global market. This is linked to growing population and changing lifestyles
• North America held the largest share as of 2022 due to intensifying preferences for organic products, rise in use of bitterness suppressors and flavor carriers extracts
Country-Wise Insights
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
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Market Segmentation
The bitterness suppressors and flavour carriers market analysis is mainly based on category, form, flavor type, application, and region. Based on category, the flavor carriers segment witnessed the fastest growth. Also, according to the form, the liquid segment holds a significant revenue share. This is credited to the superior steadiness and enhanced functionality of the commodities. Liquid bitterness suppressors and flavor carriers are simpler to utilize than their solid parallels.
Bitterness Suppressors and Flavour Carriers Market, Category Outlook (Revenue - USD Million, 2019-2032)
• Bitterness Suppressors
• Flavor Carriers
Bitterness Suppressors and Flavour Carriers Market, Application Outlook (Revenue - USD Million, 2019-2032)
• Food and beverage
• Pharmaceuticals
Bitterness Suppressors and Flavour Carriers Market, Form Outlook (Revenue - USD Million, 2019-2032)
• Solid
• Liquid
Bitterness Suppressors and Flavour Carriers Market, Flavor Type Outlook (Revenue - USD Million, 2019-2032)
• Monochrome
• Color
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