Newly published intelligence by Fact.MR states that the global market for flavour enhancers is likely to reach US$ 5.4 Bn, registering a CAGR of 5% throughout the assessment period 2021-2031. As consumers increasingly experiment with multiple food formulations, sales of natural and synthetic flavour enhancers are experiencing noteworthy uptake.
The market experienced steady growth from 2016 to 2020, clocking a CAGR worth 4%. As the novel coronavirus pandemic unfurled, consumers began relying less on synthetically manufactured foodstuffs, thereby broadening scope for naturally sourced ingredients, impelling sales of natural flavour enhancers. As of 2021, the flavour enhancers industry is slated to be valued at over US$ 3 Bn.
As for flavor enhancers, herbs and spices have traditionally been used as well as antimicrobial agents that prolong the shelf life of food products. MSG (monosodium glutamate) is a flavour enhancer that enhances the flavors in food. To enhance the savoury flavor of commercially produced food items such as frozen dinners, instant soups, and snack foods, these agents are frequently added to these food items.
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Flavour Enhancers Market- Scope of Report A recent study by Fact.MR on the flavour enhancers market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering flavour enhancers.
The study also provides the dynamics responsible for influencing the future status of the flavour enhancers market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the flavour enhancers market, along with their product portfolios, enhances the reliability of this comprehensive research study.
Competitive Landscape Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit from products that are organic by nature. The result of a strategic collaboration can help the company to increase its production capacity. In July 2021, Sensient Technologies acquired assets of Flavour Solutions, Inc. With this acquisition, Sensient Technologies will be able to expand its flavour enhancer business in the market, also helping the former mprove its key technologies, which will help the company to better serve consumers in the future. In February 2021, Tate & Lyle PLC fully acquired 85% ownership of Chaodee Modified Starch Co. Ltd., enabling it to extend its business in the tapioca-based business in Thailand. The initiative will enable the company to cater to consumer demand for clean-label foods. This also signals the company’s expansion across the Asia Pacific.
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Key Segments Covered Market Taxonomy: Product Type: Acidulants Glutamates Hydrolyzed Vegetable Proteins Yeast Extracts
Form: Powdered Flavour Enhancers Liquid Flavour Enhancers
Application: Flavour Enhancers for Convenience Foods Beverage Flavour Enhancers Meat & Fish Products Flavour Enhancers Bakery Products Flavour Enhancers Dairy Products Flavour Enhancers Confectionery Products Flavour Enhancers Flavour Enhancers for Other Applications
Source: Natural Flavour Enhancers Synthetic Flavour Enhancers Contact:
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