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Flavor Enhancers In Processed Meals Enhancing Taste And Shelf Life: Powering Innovation and Expansion in the Flavor Enhancer Market by 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Flavor Enhancer Market Through 2025?
The market size for flavor enhancers has been demonstrating robust growth of late. We can expect this expansion to continue, as it is projected to rise from $10.6 billion in 2024 to $11.33 billion in 2025, implying a compound annual growth rate (CAGR) of 6.9%. A surge in demand for natural taste boosters, a growing dependence on plant-based sources, an emerging preference for organic ingredients, a rapid growth in the food and beverage sector, and a heightened consumption of low-salt food are all factors contributing to the market growth during the historical period.
What's the Projected Size of the Global Flavor Enhancer Market by 2029?
The market size of flavor enhancers is predicted to witness significant growth in the forthcoming years. It is anticipated to escalate to $14.66 billion by 2029, depicting a compound annual growth rate (CAGR) of 6.7%. This growth during the forecast period can be accredited to the increased production of processed foods, the surge in low-carb foods, amplified health consciousness, rising consumer inclination towards unique tastes, and swift urbanization coupled with hectic lifestyles. The major trends for the upcoming period include the emergence of plant-based products, launching powdered and liquid flavor enhancers, the advent of low-calorie sweeteners, technologies for flavor modulation, and hybrid flavor methods.
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Top Growth Drivers in the Flavor Enhancer Industry: What's Accelerating the Market?
The escalating demand for ready-made foods is predicted to fuel the expansion of the flavor enhancer market. These convenience foods are pre-made, require little to no preparation, and are ideal for busy individuals or families with two working adults who seek nutritious, tasty food that is quick and easy to prepare. Flavor enhancers are a valuable asset in this because they maintain taste while reducing the quantity of excessive salt or sugar, thus securing a longer shelf life for these ready-made meals without reducing their quality. For example, the United States Department of Agriculture, a US government organization, stated that in 2023, the total worth of processed food exports from the US grew to $38.11 billion in 2022, rising from $34.19 billion in 2021. Thus, the escalating demand for ready-made foods propels the growth of the flavor enhancer market.
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What Trends Will Shape the Flavor Enhancer Market Through 2029 and Beyond?
Major businesses in the flavor enhancer market are innovating to create animal-free flavor enhancers. This comes in response to the increasing demand for vegan and plant-based food items. These efforts are an attempt to address consumer issues regarding sustainability and animal rights, as well as dietary restrictions and preferences. These flavor enhancers are made without the use of animal-derived materials to enrich the flavor of food and beverages. For example, UK-based company International Taste Solutions (ITS) launched a plant-based flavor enhancer called Vegan Boost in February 2022. This product imparts a rich, creamy, and luxurious mouthfeel without using any animal-derived ingredients. These plant-based flavor enhancers are designed to replicate the flavor and feel of traditional butter, making them a versatile ingredient for baked goods, sauces, and spreads.
What Are the Main Segments in the Flavor Enhancer Market?
The flavor enhancer market covered in this report is segmented -
1) By Type: Acidulants, Glutamates, Hydrolyzed Vegetable Proteins, Yeast Extracts, Other Types
2) By Form: Powder, Liquid And Semi-Liquid
3) By Source: Natural, Synthetic
4) By Application: Processed Convenience Foods, Beverages, Meat And Fish Products, Other Applications
Subsegemnts:
1) By Acidulants: Citric Acid, Lactic Acid, Malic Acid, Fumaric Acid, Tartaric Acid
2) By Glutamates: Monosodium Glutamate (MSG), Disodium Guanylate, Disodium Inosinate
3) By Hydrolyzed Vegetable Proteins: Soy Protein Hydrolysate, Wheat Protein Hydrolysate, Corn Protein Hydrolysate
4) By Yeast Extracts: Autolyzed Yeast Extract, Enzymatically Hydrolyzed Yeast Extract
5) By Other Types: Nucleotides, Salt Enhancers, Natural Extracts, Amino Acids
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Which Top Companies are Driving Growth in the Flavor Enhancer Market?
Major companies operating in the flavor enhancer market are Cargill, Associated British Foods PLC, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Fermenish SA, Fufeng Group, Novozymes A/S, Eppen Biotech Co. Ltd., Mane SA, Tate & Lyle PLC, Corbion N.V., Sensient Technologies Corporation, Takasago International Corporation, Angel Yeast Co. Ltd, Meihua Holdings Group Co. Ltd., Quest Nutrition LLC, Bell Flavors & Fragrances, Lycored, Lesaffre Et Compagnie, MOGUNTIA FOOD GROUP AG, Innova Flavors, Nikken Foods Co. Ltd
Which Regions Will Dominate the Flavor Enhancer Market Through 2029?
Asia-Pacific was the largest region in the flavor enhancer market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the flavor enhancer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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