Flavor Enhancer Market to Gather .4 Billion and Grow at CAGR of 5.7% by 2023: Allied Market Research

A rise in demand for flavor enhancers due to a surge in consumption of processed foods is projected to drive the global flavor enhancer market growth.

Wilmington, Delaware, Oct. 20, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, Flavor Enhancer Market by Type (Acidulants, Glutamates, Hydrolyzed Vegetable Proteins, Yeast Extracts, and Others), and Application (Processed Convenience Foods, Beverages, Meat & Fish Products, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032″. As per the report, the global flavor enhancer market garnered $11.4 billion in 2022, and is anticipated to gather a revenue of $20.4 billion by 2032, growing at a CAGR of 5.7% during the 2023-2032 period. 

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/3435 

Growth Drivers of the Market 

In the last few years, there has been a surge in consumption of processed foods. This has resulted in an escalation in demand for flavor enhancers which might translate in the expansion of the flavor enhancer industry. However, the side effects of flavor enhancers on infants can create hurdles in market growth. Apart from this, usage of innovative natural ingredients rich in umami can create new investment opportunities in the market. 

Report Analysis: 

Report Coverage  Details 
Forecast Period  2023–2032 
Base Year  2022 
Market Size in 2022  $11.4 billion  
Market Size in 2032  $20.4 billion   
CAGR  5.7 %  
No. of Pages in Report  250 
Segments covered  Type, Application, and Region.  
Drivers  
  • Surge in the demand of processed foods 
  • Amplification in consumption of functional food and beverages 
  • Innovations and advancements    
Opportunities 
  • Swelling of demand for flavor additives from developing countries 
  • Emergence of new umami flavors 
Restraints 
  • Side effects of artificial flavor additives 
  • Rigid government policies 

The glutamates segment to continue its dominance in the forecast timeframe 

Based on type, the glutamates segment of the global flavor enhancer market was the most lucrative in 2022. The demand for glutamate has inflated owing to shifting consumer preferences and amplified consumption of packaged foods. Also, the rise in product innovation and high availability of glutamate will help the market to continue its dominance. However, the acidulants segment is expected to have the fastest growth with a 6.5% CAGR during the 2023-2032 timeframe. Acidulants are primary ingredients in flavor additives which give a tangy taste to the food items. Acidulants improve the shelf life of a food item by reducing its pH value. This also enhances the texture and taste of the food product. 

Buy This Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/45CBGZR 

The processed convenience food segment to witness huge growth in the forecast timeframe 

Based on application, the processed convenience food segment was the most dominant in 2022. People with a busy lifestyle generally prefer processed and packaged foods. On the other hand, the meat and fish products segment is the fastest growing with a CAGR of 6.4% during the analysis period. The widespread use of flavor additives in meat and fish items along with changing consumer preferences and demands will improve the prospects of the market. 

The Asia-Pacific region to flourish immensely by 2032 

Based on region, the Asia-Pacific flavor enhancer market was the most profitable in 2022, with the highest market share. Also, this region is expected to experience the fastest growth at 6.8% CAGR by 2032. The Asia-Pacific flavor enhancer market will witness growth due to shifting habits and consumption preferences consumers. 

Enquire Before Buying:  https://www.alliedmarketresearch.com/purchase-enquiry/3435 

Major Companies of the Market: 

  • AJINOMOTO 
  • KERRY GROUP PLC 
  • MEIHUA HOLDINGS GROUP 
  • ANGEL YEAST CO., LTD. 
  • LESAFFRE ET COMPAGNIE 
  • TATE AND LYLE PLC 
  • FUFENG GROUP CO. LTD 
  • INTERNATIONAL FLAVORS AND FRAGRANCES 
  • DSM-FIRMENICH AG 
  • GIVAUDAN SA 

The report offers a comprehensive analysis of major companies in the global flavor enhancer market. It also puts focus on the business performance of the companies and operating segments of the market, which enhances competition in the industry. 

Trending Reports in Food and Beverages Industry 

Food Texture Market: Global Opportunity Analysis and Industry Forecast, 2023-2032 

Natural Food Colors Market: Global Opportunity Analysis and Industry Forecast, 2022-2031 

Breakfast food Market: Global Opportunity Analysis and Industry Forecast 2021-2031 

Meat-Based Flavors Market: Global Opportunity Analysis and Industry Forecast 2022-2031 

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.  

Contact: 

David Correa 
 5933 NE Win Sivers Drive 
 #205, Portland, OR 97220 
 United States 
 USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 
 UK: +44-845-528-1300 
 Hong Kong: +852-301-84916 
 India (Pune): +91-20-66346060 
 Fax: +1(855)550-5975 
 [email protected] 
 Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages 
 Follow Us on Blog: https://www.dailyreportsworld.com/ 


Primary Logo

Originally published at https://www.einpresswire.com/article/663077255/flavor-enhancer-market-to-gather-20-4-billion-and-grow-at-cagr-of-5-7-by-2023-allied-market-research

Previous articleAngela White (Blac Chyna), Romeo Miller, Don Benjamin To Receive Community Impact Award at 4th Annual Future Stars Gala
Next articleUnveiling Papallacta Thermal Oasis near Quito