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Global Flavor Enhancer Market to reach USD XX billion by the end of 2030

Global Flavor Enhancer Market Size study & Forecast, by Applications (Soups and Noodles, Savory Snacks, Seasoning and Condiments, Other Applications) and Regional Analysis, 2023-2030

Product Code: OIRFB-51976042
Publish Date: 10-08-2023
Page: 200

Global Flavor Enhancer Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2023-2030. A flavor enhancer is a specialized ingredient that intensifies and improves the taste profile of food and beverage products. It acts as a catalyst, amplifying the natural flavors present or adding a specific taste element to enhance the overall sensory experience. By stimulating taste receptors and heightening flavor perception, flavor enhancers bring out the desired savory, sweet, sour, or umami characteristics in foods, allowing manufacturers to create more appealing and enjoyable culinary creations that tantalize the palate and captivate consumers’ taste buds. The driving factors boosting the market growth are the growing food and beverage industry and increasing consumer demand for enhanced taste.

According to Statista, the food market is estimated to generate a revenue of USD 9.36 trillion in 2023, with an expected annual growth rate of 6.73% between 2023 and 2028. Similarly, the beverages market is projected to reach a revenue of USD202.50 billion in 2023, and the annual growth rate from 2023 to 2027 is anticipated to be 12.66%, leading to a projected market volume of USD326.20 billion by 2027. Moreover, growing food service and quick-service restaurants and technological advancements in flavor enhancer production are expected to create lucrative opportunities in the market. However, the fluctuating raw material prices and competition from natural flavor sources such as herbs, spices, and extracts stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Flavor Enhancer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the established food industry, a well-established distribution infrastructure that efficiently delivers food products to consumers, and consumers having diverse tastes and preferences, leading to a higher demand for flavor-enhanced food products. Asia Pacific is expected to become the fastest growing region during the forecast period, owing to factors such as a rapidly growing population, increasing disposable income changing consumer preferences and a growing food processing industry.

Major market player included in this report are:
Ajinomoto Co., Inc.
Kerry Group plc
Firmenich SA
Koninklijke DSM N.V.
Bell Flavors & Fragnances
Sensient Technologies Corporation
Archer Daniels Midland Company
Corbion NV
Symrise AG
International Flavors & Fragnances Inc.

Recent Developments in the Market:
Ø In January 2023, International Flavors & Fragrances Inc. introduced ChoozIt Vintage in the markets of the United States and Canada. This new product aims to assist cheddar cheese manufacturers in addressing issues related to unwanted flavor development during the aging process. ChoozIt Vintage offers reliable and consistent results in terms of pH and texture throughout the ripening process, ensuring high-quality outcomes.
Ø In May 2022, Givaudan introduced NaNino+, a plant-based flavoring ingredient designed as a viable alternative to nitrites in processed meat. Initially introduced in Europe for emulsified cooked sausages, NaNino+ has expanded its range of applications to include cooked ham and bacon. This innovative product provides manufacturers with a solution to replace nitrites while delivering desirable flavors in processed meat products.

Global Flavor Enhancer Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Soups and Noodles
Savory Snacks
Seasoning and Condiments
Other Applications

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Flavor Enhancer Market, by Region, 2020-2030 (USD Billion)
1.2.2. Flavor Enhancer Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Flavor Enhancer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Flavor Enhancer Market Dynamics
3.1. Flavor Enhancer Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing Food and Beverage Industry Increasing consumer demand for enhanced taste
3.1.2. Market Challenges Fluctuating raw material prices Competition from natural flavor sources
3.1.3. Market Opportunities Growing food service and Quick-Service restaurant Technological advancements in flavor enhancer production
Chapter 4. Global Flavor Enhancer Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Flavor Enhancer Market, by Application
5.1. Market Snapshot
5.2. Global Flavor Enhancer Market by Application, Performance – Potential Analysis
5.3. Global Flavor Enhancer Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Flavor Enhancer Market, Sub Segment Analysis
5.4.1. Soups and Noodles
5.4.2. Savory Snacks
5.4.3. Seasoning and Condiments
5.4.4. Other Applications
Chapter 6. Global Flavor Enhancer Market, Regional Analysis
6.1. Top Leading Countries
6.2. Top Emerging Countries
6.3. Flavor Enhancer Market, Regional Market Snapshot
6.4. North America Flavor Enhancer Market
6.4.1. U.S. Flavor Enhancer Market Application breakdown estimates & forecasts, 2020-2030
6.4.2. Canada Flavor Enhancer Market
6.5. Europe Flavor Enhancer Market Snapshot
6.5.1. U.K. Flavor Enhancer Market
6.5.2. Germany Flavor Enhancer Market
6.5.3. France Flavor Enhancer Market
6.5.4. Spain Flavor Enhancer Market
6.5.5. Italy Flavor Enhancer Market
6.5.6. Rest of Europe Flavor Enhancer Market
6.6. Asia-Pacific Flavor Enhancer Market Snapshot
6.6.1. China Flavor Enhancer Market
6.6.2. India Flavor Enhancer Market
6.6.3. Japan Flavor Enhancer Market
6.6.4. Australia Flavor Enhancer Market
6.6.5. South Korea Flavor Enhancer Market
6.6.6. Rest of Asia Pacific Flavor Enhancer Market
6.7. Latin America Flavor Enhancer Market Snapshot
6.7.1. Brazil Flavor Enhancer Market
6.7.2. Mexico Flavor Enhancer Market
6.8. Middle East & Africa Flavor Enhancer Market
6.8.1. Saudi Arabia Flavor Enhancer Market
6.8.2. South Africa Flavor Enhancer Market
6.8.3. Rest of Middle East & Africa Flavor Enhancer Market

Chapter 7. Competitive Intelligence
7.1. Key Company SWOT Analysis
7.1.1. Company 1
7.1.2. Company 2
7.1.3. Company 3
7.2. Top Market Strategies
7.3. Company Profiles
7.3.1. Ajinomoto Co. Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
7.3.2. Kerry Group Plc
7.3.3. Firmenich SA
7.3.4. Koninklijke DSM N.V.
7.3.5. Bell Flavors & Fragnances
7.3.6. Sensient Technologies Corporation
7.3.7. Archer Daniels Midland Company
7.3.8. Corbion NV
7.3.9. Symrise AG
7.3.10. International Flavors & Fragnances Inc.
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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