Food Flavor & Enhancer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.75 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Food Flavor & Enhancer Market Analysis
The food flavor and enhancer market is projected to record a CAGR of 4.75% over the next five years.
The market is driven by changing lifestyles, increasing demand for healthy ingredients, and influential trends 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 world. The consumer demand for clean labels and natural flavors is increasing as they become aware of synthetic ingredients' adverse effects. Consumer demand for foreign cuisines and international flavors is also increasing, due to which market players are launching new products.
The governments of some countries have banned the use of artificial flavors in food and beverage products. For instance, the FDA has banned seven different artificial flavors for use in ice creams and candies as they were found to be carcinogenic. Consumer demand for vegan flavors is also increasing worldwide due to the increased consumption of vegan food. The demand for multiple cuisines is also increasing across the world. The market players are launching new flavors and cuisines to cater to consumer demand. For instance, in January 2023, International Flavors and Fragrances Inc. launched Choozit Vintage for flavor development in cheddar cheese. Over the medium term, the market is expected to grow due to the increasing demand for natural and clean-label flavors and product innovation among market players.
Food Flavor & Enhancer Market Trends
Increasing Demand for Natural Flavors
There is a rising demand for natural food flavors as consumers are avoiding artificial colors and flavors due to the increasing health hazards. 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. Different government authorities like the WHO, FDA, EFSA, and FSSAI are banning the use of artificial flavors in food products due to their carcinogenic effects. To cater to the growing demand among manufacturers, the market players are expanding their product reach with strategies like mergers and acquisitions. For instance, in July 2021, Ingredion Incorporated acquired PureCircle Limited, one of the world's leading producers and innovators of plant-based stevia sweeteners and flavors for the food and beverage industry.
Asia-Pacific is the Fastest-growing Segment
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, Indian, and other Asian dishes offer a varied range of functional ingredients. In Japan, flavors and enhancers are controlled by the 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 manufacturers are more focused on increasing the production of processed foods, including better natural ingredients like flavors and preservatives, thus helping consumers store them for a longer period. Considering the increasing demand, the market players are opening new facilities to increase production. For instance, in September 2021, Archer Daniels Midland Company opened a new facility in China to meet the growing demand.
Food Flavor & Enhancer Industry Overview
The food flavor and enhancer market is competitive, with continuous growth in terms of flavors and new ingredients. Some of the prominent players in the market are Firmenich SA, International Flavors & Fragrances Inc., Archer Daniels Midland Company, Koninklijke DSM NV, and Givaudan SA. Companies are coming up with new innovative flavors, preferably clean-label ingredients, which are naturally derived. The manufacturers are even expanding their presence and procurement procedures.
Food Flavor & Enhancer Market Leaders
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Firmenich SA
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International Flavors & Fragrances Inc.
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Archer Daniels Midland Company
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Koninklijke DSM N.V.
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Givaudan SA
*Disclaimer: Major Players sorted in no particular order
Food Flavor & Enhancer Market News
- In February 2023, Givaudan SA and International Flavors and Fragrances Inc. partnered to launch BioNootkatone. This sustainable, natural, clean-label citrus flavor ingredient is intended to be used in a variety of food and beverages.
- In September 2022, Solvay, a global leader in natural ingredients, expanded its product offerings with the launch of Rhovanil, a new natural vanillin flavor ingredient. The flavors are available in Delica, Alta, and Sublime.
- In January 2022, International Taste Solutions launched a range of natural flavor enhancers, Vegan Boosts, in liquid and powder forms. Flavor enhancers are used in bakery products to improve the sensory quality of products.
Food Flavor & Enhancer Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
- 4.3 Opportunities
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Food Flavor
- 5.1.1.1 Natural Flavor
- 5.1.1.2 Synthetic Flavor
- 5.1.1.3 Nature Identical Flavoring
- 5.1.2 Flavor Enhancers
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5.2 Application
- 5.2.1 Dairy
- 5.2.2 Bakery
- 5.2.3 Confectionery
- 5.2.4 Savoury Snack
- 5.2.5 Meat
- 5.2.6 Beverage
- 5.2.7 Other Applications
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Saudi Arabiia
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Share Analysis
- 6.2 Most Adopted Strategies
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6.3 Company Profiles
- 6.3.1 Givaudan SA
- 6.3.2 International Flavors & Fragrances Inc.
- 6.3.3 Firmenich SA
- 6.3.4 Koninklijke DSM NV
- 6.3.5 DuPont Numerous
- 6.3.6 BASF SE
- 6.3.7 Sensient Technologies
- 6.3.8 Cargill Inc.
- 6.3.9 Doehler Group
- 6.3.10 Archer Daniels Midland Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityFood Flavor & Enhancer Industry Segmentation
Flavors and enhancers are added to a food product to enhance its natural color. The food flavor and enhancer market is segmented by type of food flavors and enhancers. Food flavor is sub-segmented into natural, synthetic, and natural identical flavors. By application, the market is segmented into dairy, bakery, confectionery, savory snacks, meat, beverage, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
| Type | Food Flavor | Natural Flavor |
| Synthetic Flavor | ||
| Nature Identical Flavoring | ||
| Type | Flavor Enhancers | |
| Application | Dairy | |
| Bakery | ||
| Confectionery | ||
| Savoury Snack | ||
| Meat | ||
| Beverage | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | South Africa |
| Saudi Arabiia | ||
| Rest of Middle East and Africa |
Food Flavor & Enhancer Market Research FAQs
What is the current Food Flavor & Enhancer Market size?
The Food Flavor & Enhancer Market is projected to register a CAGR of 4.75% during the forecast period (2024-2029)
Who are the key players in Food Flavor & Enhancer Market?
Firmenich SA, International Flavors & Fragrances Inc., Archer Daniels Midland Company, Koninklijke DSM N.V. and Givaudan SA are the major companies operating in the Food Flavor & Enhancer Market.
Which is the fastest growing region in Food Flavor & Enhancer Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Food Flavor & Enhancer Market?
In 2024, the North America accounts for the largest market share in Food Flavor & Enhancer Market.
What years does this Food Flavor & Enhancer Market cover?
The report covers the Food Flavor & Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Food Flavor & Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Food Flavor & Enhancer Industry Report
Statistics for the 2024 Food Flavor & Enhancer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Food Flavor & Enhancer analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
