The flavor enhancer market has grown significantly in recent years, increasing from $9.94 billion in 2023 to $10.6 billion in 2024, with a compound annual growth rate (CAGR) of 6.6%. This historical growth is driven by a rising demand for natural taste enhancers, increased availability of plant-based sources, a preference for natural ingredients, the rapid expansion of the food and beverage industry, and a growing consumption of low-salt food. The market is expected to reach $13.76 billion by 2028, growing at a CAGR of 6.7%. This future growth is attributed to higher output of processed meals, an increase in low-carbohydrate foods, growing health awareness, rising consumer preference for exotic flavors, and rapid urbanization and busy lifestyles. Key trends expected during this period include the launch of plant-based products, the introduction of powdered and liquid flavor enhancers, the development of low-calorie sweeteners, flavor modulation technologies, and hybrid flavor systems.
Global Flavor Enhancer Market Key Driver
The growing need for processed meals is expected to boost the flavor enhancer market. Processed meals, which are pre-packaged and require minimal preparation, are increasingly popular due to busy lifestyles and dual-income households. Flavor enhancers help maintain taste while reducing the need for excessive salt or sugar, extending the shelf life of processed meals. According to the United States Department of Agriculture in 2023, the value of US processed food product exports increased to $38.11 billion in 2022, up from $34.19 billion in 2021. This rising demand for processed meals is driving the growth of the flavor enhancer market.
Get A Free Sample Of The Flavor Enhancer Market Report
Global Flavor Enhancer Market Segments
The flavor enhancer market covered in this report is segmented –
1) By Type: Acidulants, Glutamates, Hydrolyzed Vegetable Proteins, Yeast Extracts, Other Types
2) By Form:Powder, Liquid And Semi-Liquid
3) By Source: Natural, Synthetic
4) By Application: Processed Convenience Foods, Beverages, Meat And Fish Products, Other Applications
By Geography:The regions covered in the flavor enhancer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the flavor enhancer market in 2023, and is expected to be the fastest-growing region in the forecast period.
Major Flavor Enhancer Industry Players
Cargill, Associated British Foods PLC, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Fermenish SA, Fufeng Group, Novozymes A/S, Eppen Biotech Co. Ltd., Mane SA, Tate & Lyle PLC, Corbion N.V., Sensient Technologies Corporation, Takasago International Corporation, Angel Yeast Co. Ltd, Meihua Holdings Group Co. Ltd., Quest Nutrition LLC, Bell Flavors & Fragrances, Lycored, Lesaffre Et Compagnie, MOGUNTIA FOOD GROUP AG, Innova Flavors, Nikken Foods Co. Ltd
Purchase The Global Flavor Enhancer Market Report Directly And Get A Swift Delivery
Flavor Enhancer Market Overview
A flavor enhancer is a substance added to food and beverages to intensify or improve their taste without contributing significant flavor. These enhancers work by amplifying the existing flavors, making the food more palatable and enjoyable. They are widely used in processed foods, soups, sauces, snacks, and ready-to-eat meals.
Flavor Enhancer Global Market Report 2023 provides data on the global flavor enhancer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flavor enhancer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
