FLAVOR ENHANCER Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

FLAVOR ENHANCER Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The flavour enhancer market is projected to register a CAGR of 4.5% during the forecast period (2020 - 2025).

Key Highlights

• Flavour enhancers are mostly added to seasonings, noodles, and soups, to enhance taste and increase hunger.
• The increasing popularity of Asian cuisines across the world is another primary reason for driving the market. Recently, many companies have launched natural flavour enhancers to meet the rising demand for clean labels.
• However, there are some adverse health effects of consuming MSG beyond the recommended limit, which is a major constraint for the market. MSG is recognized as the ‘Chinese restaurant syndrome’ in the United States, due to its ill-effects on health. This has restricted market growth in matured regions, such as the United States and Europe.

Key Market TrendsNoodles Drive the Market Share

With the growing demand for convenience food and hectic lifestyle, the consumption of noodles is increasing at a faster pace. A mix of glutamates and nucleotides is used in the noodles for flavour enhancement. The key players, such as DSM, are providing a range of food enhancers under its brand Multirome for its application in noodles. The growing trend of Asian cuisine, especially Chinese also cater to the market studied, for the umami flavour provided by monosodium glutamate in noodles is highly consumed in the global market. However, the stringent regulations in Europe and North America restrict its usage in noodles and other food products, owing to some health constraints.

Asia-Pacific is the Fastest Growing Market

In Asia-Pacific, countries such as China, Japan, Thailand, Singapore, and others are widely using flavour enhancers in varied food applications for these flavours have health benefits and are low in sodium, making them widely accepted by the consumers of the region. The use of MSG in noodles is the highest in China. Hot pot condiments and Chinese-style compound condiments are the compound condiments most preferred by the Asia-Pacific customers. Hot pot soup flavouring market accounts for the major share in the condiments market.

Competitive Landscape

The flavor enhancer market is competitive due to the presence of various international, regional, and local players in the market. Merger and acquisition remained the most-adopted strategy in the market studied. The acquisition offered potential opportunities, such as vertical integration, access to new ingredients, and increased manufacturing capabilities with additional cost savings. Product launch and joint ventures are the other strategies widely adopted by the key players.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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