Food Flavor and Enhancer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Food Flavor and Enhancer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global food flavor and enhancer market is forecasted to grow at a CAGR of 4.75% during the forecast period (2020 - 2025).

Key Highlights

• The market is driven by the changing lifestyle, increasing demand for healthy ingredients, and influential trend for new exotic and ethnic flavors. With the rising preference for premium-quality products, including premium lines of seasonings and sauces, the market is growing rapidly across the globe.
• The raw materials required for the processing of natural food flavors include agricultural commodities, like fruits, vegetables, herbs, and others. Despite largely positive global food market fundamentals, prolonged lockdowns, and lasting disruptions in global transport logistics worldwide, restrictions on exports and hoarding by importing countries due to the COVID-19 has just not impacted the global food ingredients but also natural food flavors' availability and prices.​ However, as the countries are on the edge of recovering from the global pandemic, the possibilities of any further negative impact on the natural food flavors market are expected to be negligible during the forecast period.​
• Majority of the population specifically in South American region have attraction towards foreign cuisines. Majority of population is experimenting food formulation specifically from Asian countries which is driving the food flavor and enhancer market over the forecast period

Key Market TrendsIncreasing Demand for Natural Flavors

There is a rising demand for natural food flavors and consumers are seen avoiding artificial colors and flavors owing to the increasing health hazards that occur in the consumption of synthetic/artificial flavors, which has resulted in an increased demand for natural food flavors. The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market. •The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market.

Asia- Pacific holds a Significant Market Share

Asian cuisine/foods are among the most popular at the global level. The range of flavors that can be found in Asian cuisine is incredibly high. Japanese, Chinese, Indians, and other Asian dishes offer a varied range of functional ingredients. In Japan, it is controlled by their Food for Specified Health Use (FOSHU) regulatory requirements approved by the Ministry of Health and Welfare. The busy lifestyles of people have resulted in the replacement of homemade meals with processed foods, which are easily available in nearby stores. Packaged sauces, ready to cook, and instant meals are gaining popularity in the region. Japanese and Chinese are more focused on increasing the production of processed foods, with the inclusion of better natural ingredients like flavors, and preservatives, thus helping the consumers in storing it for a longer period of time without getting spoiled.

Competitive Landscape

The food flavor and enhancer market is moderately competitive, with continuous growth, going on, in terms of flavors and new ingredients sourcing methodology. Some of the prominent players in the market studied are Cargill, Givaudan, Corbion, Sensient, and ADM. Companies are coming up with new innovative flavors, preferably, clean-label ingredients, which are naturally derived. Moreover, the manufacturers are even expanding their presence and procurement procedures.

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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