Flavor Enhancer Market Size, Share, Opportunities, COVID-19 Impact, And Trends, By Types (Acidulants, Glutamates, Nucleotides, Others), By Form (Liquid, Powder, Others), By Source (Natural, Synthetic), By Application (Animal Feed, Food And Beverage, Pet Food), And By Geography - Forecasts From 2022 To 2027

Published:  Aug 2022 Report Code: KSI061613905 Pages: 152

The flavor enhancer market is expected to grow at a compound annual growth rate of 4.83% over the forecast period to reach a market size of US$15.118 billion in 2027 from US$10.865 billion in 2020. 

The factor which is fundamental to the sustenance and the anticipated growth of the flavor enhancer market is the business imperative of various categories of food and beverage product manufacturers, among others, to remain relevant in the market, which in turn is driven by evolving consumer trends which encompass diets with reduced fat, salt, and sugar, integration of functional ingredients that are known to promote health. These factors are governed by the experience derived from sensations about taste (bitterness, saltiness, sourness, sweetness, and umami), odor (aromas), and chemesthetic sensations that activate the trigeminal nerve, such as the coolness of menthol from mint or such as the burn of capsaicin from hot peppers, while consuming food and beverage products. Thus, the need for enhancing the combination of sensorial perception as well as facilitating flavor optimization during food product formulation is collectively expected to drive the flavour enhancer market.

Additionally, the need for increasing the overall palatability, pleasantness, richness, and hedonics of savory foods is also known to necessitate the use of flavour enhancers. Specifically, new product reformulations, which are being increasingly mandated by various regulatory policies and driven by the growing health consciousness across the globe, entail the reduction of, for example, sodium content, which involves the use of flavour enhancers to effectively counterbalance the loss of sensory palatability from the removal or replacement of salt.

Moreover, the upward trend in snacking during the COVID-19 pandemic has resulted in the prioritization of reducing the amount of salt in snacks by the players in the snack space. To this end, in May 2020, it was reported that Salt of The Earth Ltd had launched an all-around ingredient called Mediterranean Umami which is microencapsulated onto a carrier of sea salt and native starch. It is reportedly a clean-label plant-based solution that aids in the sustenance of the savory flavor while facilitating sodium reduction by up to 45%. On the other hand, Givaudan (SWX: GIVN) had reportedly registered US$1.56bn in flavour sales for the six months ended June 30, 2020, which is an increase from US$1.46bn for the same period last year. The main contributors were sweet goods, savory products, and snacks, as reported in their Q2 2020 financial results. Further, the Health and Well-Being and Naturals, the key strategic focus areas of 2020 of the organization, grew at double-digit and single-digit levels, respectively.

Another noteworthy mention in this report which has been linked to the COVID-19 pandemic is that of a shift in demand experienced by the flavor division from food service and alcoholic beverages into established products in categories such as snacks, savory, nutritional bars, juice-based beverages, and culinary solutions.  Therefore, when developments of such nature are communicated by a player with 25% of the market share of the fragrance and flavor industry, the need to stay market-relevant while extending the brand portfolio with all the health considerations as a driving factor to the flavor enhancer market growth can be reaffirmed with certitude.

Besides, there has been an increasing trend around the world to own pets which has led to new aspirations that encompass the aspects of flavors in pet food as well. With the expanding pool of the aging population in developed economies, the consideration of animals as companions are gaining much currency in the recent past. For instance, as of 2019, approximately 85 million European households owned at least one pet animal; annual sales of pet food products are 8.5 billion tons with an annual turnover of € 21 billion, according to FEDIAF (European Pet Food Industry Federation). Moreover, the growing population of childless couples and singles are also inclined to own pets. Further, the growing availability of disposable income among the consumers of emerging economies is also facilitating pet adoption. Despite pets being an integral aspect of human lives since time immemorial, pets are now occupying human spaces that even extend social aspects due to this evident shift in perception, which has given rise to the concept of humanization. Thus, such aspirations have led to offerings for pets that take into account the same considerations which are equivalent to those which have been borne in mind by players in the human food product space. Therefore, the aforesaid is also a determinant among others that has the potential to influence the decision about pet food purchases that are, to a certain, anticipated to drive the flavor enhancer market growth during the next few years. For instance, in June 2019, it was reported that the pet food and rendering technologies business unit of Kemin Industries, Kemin Nutrisurance, has reportedly launched PALTEVA™, a line of natural flavour enhancers for dog food. This product is reported to provide pet food manufacturers with the super-premium flavour of formulations containing only natural ingredients and preservatives.

The flavor enhancer market has witnessed substantial developments facilitating market responses during the past few years, which has aided in accommodating a diverse rage consumer demand.

September 2018 – Geographic Expansion  

Colorado-based MycoTechnology, which is known for its clean taste, is a natural, certified organic product that not only blocks bitterness but also enhances flavor and has been reportedly approved for the EU market.

August 2019 – Product Launch

An established leader in the manufacturing of flavor and color solutions, Flavorchem Corporation, has reportedly launched Natural Vanilla Extract Enhancers as a solution to the high cost of vanilla which has steered formulators of food and beverage products to search for alternatives of natural flavor to replace the highly sought-after vanilla taste.

October 2019 - Product Launch

Cargill Incorporated had reportedly launched ClearFlo, which is a botanical extract ingredient that is aimed at enhancing flavors for baked goods and confectionery products.

September 2019 - Acquisition

Florida Chemical Co., a division of Flotek Industries Winter Haven, Florida, the United States, that is known to offer flavor enhancers for grapefruit and citrus as well as citrus flavor materials and essential oils, was reported to be acquired by ADM (NYSE: ADM) to further its position in citrus flavors, which is one of the fastest-growing flavor categories, and the single most important taste profile for beverages according to ADM’s Nutrition business unit.

February 2020 – Product Launch

AMPAK Company, Inc. was reported to launch a range of encapsulated ingredients for the baking industry, comprising sorbic acid, sodium bicarbonate, malic acid, fumaric acid, citric acid, calcium propionate, and ammonium bicarbonate which extends the functionality of enhancing flavors among others. This new line of products has been launched to enable modern bakeries to provide bespoke baking solutions.

August 2020 – Acquisition

A Canada-based custom flavor designer Foodarom was reported to be acquired by Glanbia Nutritionals, which is a wholly-owned subsidiary of Glanbia. The former has been reported to offer a range of solutions for texture improvements, bitter blockers, and sweetness enhancements, as well as masking agents, alcohol smoothers, and mouthfeel enhancers, along with a flavor library that constitutes 15,000 recipes with applications of both liquid and powder nature.

Besides the need for catering to the increasing food demand for the global population, flavor enhancers also find application in feed industries to impart the desirable olfactive notes that acts as the appetent for the feed and aid in the growth of a wide range of farm animals which is inclusive of fish as well. This aspect, too, is expected to contribute to the healthy growth of the flavor enhancer market. 

Key Development

  • Griffiths Foods has already been reviewing strategic possibilities for flavours within their portfolio for some months, and as a consequence, Griffith Foods announce the acquisition for Innova Flavors with Synergy Flavors, Inc. in June 2021.
  • In May 2020 , the takeover of Les Dérivés Résiniques et Terpéniques by Firmenich International SA, a leading company in the Flavor & Fragrance market, has been completed.
  • Bell Flavors & Fragrances completed an audit on its expanded range of USDA-certified organic flavors in Northbook, IL location.
  • Synergy Flavors Inc. has completed its acquisition of leading savory flavor and ingredient supplier, Innova Flavors, from Griffith Foods Worldwide.

Impact of COVID-19 on the Flavor Enhancer Market:

COVID-19 had a beneficial impact on the market in 2020. Though the market declined in the first half of something like the pandemic, the overall impact was to ensure the proper running of the flavour enhancer market in diverse locations. As customers who are innovate while they are at their home and make food items with better ingredients. As the enhancers can be bought from online and offline market the demand was much but supply was a bit slowed down because of the restrictions imposed.

Flavor Enhancer Market Scope:

Report Metric Details
 Market size value in 2020  US$10.865 billion
 Market size value in 2027  US$15.118 billion
 Growth Rate  CAGR of 4.83% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Form, Source, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Bell Flavors & Fragrances, Innova (Griffith Foods), Firmenich S.A.I.C. y F. (Firmenich SA), Synergy Flavors, Lycored, Pure Vanilla, Caldic B.V., MOGUNTIA FOOD GROUP AG, Aipu Food Industry, Nikken Foods Co., Ltd.
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Acidulants
    • Glutamates
    • Nucleotides
    • Others
  • By Form
    • Liquid
    • Powder
    • Others
  • By Source
    • Natural
    • Synthetic
  • By Application
    • Animal Feed
    • Food and Beverage
    • Pet Food
  • By geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • Spain
      • United Kingdom
      • Italy
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • Australia
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the flavor enhancer market size by 2027?
A1. The flavor enhancer market is expected to reach a total market size of US$15.118 billion in 2027.

Q2. What are the growth prospects for the flavor enhancer market?
A2. The global flavor enhancer market is expected to grow at a CAGR of 4.83% over the forecast period.

Q3. What is the size of the global flavor enhancer market?
A3. Flavor Enhancer Market was valued at US$10.865 billion in 2020.

Q4. What factors are anticipated to drive flavor enhancer market growth?
A4. The need for enhancing the combination of sensorial perception as well as facilitate flavor optimization during food product formulation are collectively expected to drive the flavor enhancer market. 

Q5. How is the global flavor enhancer market segmented?
A5. The global flavor enhancer market has been segmented by type, form, source, application, and geography.

1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation


2. Research Methodology
2.1. Research Data
2.2. Assumptions


3. Executive Summary
3.1. Research Highlights


4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Function
4.4. Function Value Chain Analysis


5. Flavor Enhancer Market Analysis, By Type
5.1. Introduction
5.2. Acidulants
5.3. Glutamates
5.4. Nucleotides
5.5. Others


6. Flavor Enhancer Market Analysis, By Form
6.1. Introduction
6.2. Liquid 
6.3.  Powder
6.4. Others


7. Flavor Enhancer Market Analysis, By Source
7.1. Introduction
7.2. Natural
7.3.  Synthetic


8. Flavor Enhancer Market Analysis, By Application
8.1. Introduction
8.2. Natural Animal Feed
8.3. Food and Beverage
8.4. Pet Food


9. Flavor Enhancer Market Analysis, By Geography
9.1. Introduction
9.2.  North America
9.2.1. North America Flavor Enhancer Market, By Type, 2020 to 2027 
9.2.2.  North America Flavor Enhancer Market, By Form, 2020 to 2027 
9.2.3. North America Flavor Enhancer Market, By Source, 2020 to 2027
9.2.4. North America Flavor Enhancer Market, By Application, 2020 to 2027
9.2.5. By Country
9.2.5.1. United States
9.2.5.2. Canada
9.2.5.3.  Mexico
9.3.  South America
9.3.1. South America Flavor Enhancer Market, By Type, 2020 to 2027 
9.3.2. South America Flavor Enhancer Market, By Form, 2020 to 2027 
9.3.3. South America Flavor Enhancer Market, By Source, 2020 to 2027
9.3.4. South America Flavor Enhancer Market, By Application, 2020 to 2027
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4.  Europe
9.4.1.  Europe Flavor Enhancer Market, By Type, 2020 to 2027 
9.4.2.  Europe Flavor Enhancer Market, By Form, 2020 to 2027 
9.4.3. Europe Flavor Enhancer Market, By Source, 2020 to 2027
9.4.4.  Europe Flavor Enhancer Market, By Application, 2020 to 2027
9.4.5. By Country
9.4.5.1.  Germany
9.4.5.2. Spain
9.4.5.3. United Kingdom
9.4.5.4.  Italy
9.4.5.5. France
9.4.5.6.  Others
9.5. Middle East and Africa
9.5.1.  Middle East and Africa Flavor Enhancer Market, By Type, 2020 to 2027 
9.5.2.  Middle East and Africa Flavor Enhancer Market, By Form, 2020 to 2027 
9.5.3. Middle East and Africa Flavor Enhancer Market, By Source, 2020 to 2027
9.5.4. Middle East and Africa Flavor Enhancer Market, By Application, 2020 to 2027
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2.  South Africa
9.5.5.3. Others
9.6. Asia Pacific
9.6.1. Asia Pacific Flavor Enhancer Market, By Type, 2020 to 2027 
9.6.2. Asia Pacific Flavor Enhancer Market, By Form, 2020 to 2027 
9.6.3.  Asia Pacific Flavor Enhancer Market, By Source, 2020 to 2027
9.6.4.  Asia Pacific Flavor Enhancer Market, By Application, 2020 to 2027
9.6.5.  By Country
9.6.5.1.  China
9.6.5.2. Japan
9.6.5.3.  Australia
9.6.5.4. India
9.6.5.5. Others


10.  Competitive Environment and Analysis
10.1.  Major Players and Strategy Analysis
10.2.  Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix 

11.  Company Profiles
11.1. Bell Flavors & Fragrances
11.2. Firmenich S.A.I.C. y F. (Firmenich SA)
11.3. Synergy Flavors, Inc.
11.4.  Lycored
11.5. Caldic B.V.
11.6. MOGUNTIA FOOD GROUP AG
11.7.  Aipu Food Industry
11.8. Nikken Foods Co., Ltd.

Bell Flavors & Fragrances

 Firmenich S.A.I.C. y F. (Firmenich SA)

Synergy Flavors, Inc.

Lycored

Caldic B.V.

MOGUNTIA FOOD GROUP AG

 Aipu Food Industry

Nikken Foods Co., Ltd.

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