Market Overview:
The global flavor enhancer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for processed and packaged foods, rising disposable income, and growing awareness about health and wellness. The global flavor enhancer market is segmented on the basis of type into monosodium glutamate (MSG), hydrolyzed vegetable protein (HVP), yeast extract, and other types. MSG dominates the global flavor enhancer market in terms of revenue share followed by HVP. The other type segment includes nucleotides, fermentation products, glutamic acid salts, and others. MSG is used as a flavoring agent in food processing industry owing to its characteristic umami taste which enhances the flavors of food products. HVP is also used as a flavoring agent due to its umami taste along with its functional properties such as water binding capacity and emulsifying properties that help improve product stability and texture. Yeast extract has emerged as an important ingredient for imparting savory flavors in food products owing to its high content of free glutamates that provide intense savory notes similar to those obtained from monosodium glutamate (MSG). It also helps reduce sodium levels in food products without compromising on taste or quality attributes.
Product Definition:
A flavor enhancer is a substance that improves the taste of food. It may be used to make a dish more palatable or to mask an unpleasant taste. Flavor enhancers are important for people who have difficulty eating certain foods due to their strong flavors.
Monosodium Glutamate (MSG):
Monosodium glutamate (MSG) is a flavor enhancer that belongs to the class of compounds known as sodium salts. It is commonly used in processed foods and beverages, such as canned vegetables, soups, salad dressings and other products. Monosodium glutamate contains amino acids which are essential for human health; it helps in maintaining the levels of glutamic acid in the body which acts as an important nutrient for proper functioning of brain and nerves.
Hydrolyzed Vegetable Protein (HVP):
Hydrolyzed vegetable protein is a form of plant-based protein that has been chemically broken down into amino acids. It is usually found in the form of flakes or powder and added to food products such as meat analogues, cheese substitutes, nutritional supplements and dairy alternatives. The end-use market for hydrolyzed vegetable protein includes food & beverage industry, animal feed industry among others.
Application Insights:
Food processing industry was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The rising importance of flavor enhancers in processed food products such as canned meat, frozen meals, soups, sauces & dressings is expected to drive demand. Furthermore, increasing consumption of flavored alcohol which is used for manufacturing various beverages including rum and vodka is anticipated to further fuel market growth during the study period.
The restaurants segment accounted for a share of 22% in 2016 owing to growing use of MSG as a flavor enhancer in Chinese cuisine among other foods such as beef and chicken dishes. Moreover, European countries including Germany are one of the major consumers owing to heavy usage of MSG by chefs there who claim that it helps enhance flavors without adding any extra calories thereby making them healthier options for food preparation at low temperatures (conventional ovens). This trend has influenced many countries around Europe where restaurants prepare meals with local specialties thus driving demand globally during recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major part of the food processing industry, which drives product demand. Furthermore, countries such as China and India are among the top 10 producers of vegetables and fruits, respectively. These factors are anticipated to drive regional growth over the forecast period.
Europe is also estimated to witness significant growth during the same period owing to increasing demand from various application segments including restaurants, food processing industries, and home cooking style meals in countries such as Germany, France Italy Russia Spain U.K.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the flavor enhancer market. Convenience foods are those that can be prepared or served quickly and easily, without much effort. They are generally preferred by busy people as they save time and energy. The increasing number of working women and young adults is driving the demand for convenience foods, which in turn is propelling the growth of the flavor enhancer market.
- Rising disposable income: Another major factor that is fuelling the growth of this market is rising disposable income levels across regions worldwide. With more money at their disposal, consumers are increasingly spending on premium food items that offer better taste and flavor than regular fare. This has resulted in an increase in demand for flavor enhancers, thereby boosting this market’s growth prospects significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flavor Enhancer Market Research Report
By Type
Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP), Yeast Extract, Other,
By Application
Food Processing Industry, Restaurants, Home Cooking,
By Companies
Fufeng, Meihua, Ajinomoto Group, Eppen, Lianhua, Shandong Qilu Bio-Technology Group, Angel Yeast, Biospringer, Ohly, DSM, Leiber, AIPU Food Industry, Innova
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Flavor Enhancer Market Report Segments:
The global Flavor Enhancer market is segmented on the basis of:
Types
Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP), Yeast Extract, Other,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Processing Industry, Restaurants, Home Cooking,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fufeng
- Meihua
- Ajinomoto Group
- Eppen
- Lianhua
- Shandong Qilu Bio-Technology Group
- Angel Yeast
- Biospringer
- Ohly
- DSM
- Leiber
- AIPU Food Industry
- Innova
Highlights of The Flavor Enhancer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monosodium Glutamate (MSG)
- Hydrolyzed Vegetable Protein (HVP)
- Yeast Extract
- Other
- By Application:
- Food Processing Industry
- Restaurants
- Home Cooking
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flavor Enhancer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flavor enhancer is a term used to describe any additive or substance that enhances the flavor of food. Common flavor enhancers include salt, sugar, MSG (monosodium glutamate), and artificial flavors.
Some of the major players in the flavor enhancer market are Fufeng, Meihua, Ajinomoto Group, Eppen, Lianhua, Shandong Qilu Bio-Technology Group, Angel Yeast, Biospringer, Ohly, DSM, Leiber, AIPU Food Industry, Innova.
The flavor enhancer market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flavor Enhancer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flavor Enhancer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flavor Enhancer Market - Supply Chain
4.5. Global Flavor Enhancer Market Forecast
4.5.1. Flavor Enhancer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flavor Enhancer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flavor Enhancer Market Absolute $ Opportunity
5. Global Flavor Enhancer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flavor Enhancer Market Size and Volume Forecast by Type
5.3.1. Monosodium Glutamate (MSG)
5.3.2. Hydrolyzed Vegetable Protein (HVP)
5.3.3. Yeast Extract
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flavor Enhancer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flavor Enhancer Market Size and Volume Forecast by Application
6.3.1. Food Processing Industry
6.3.2. Restaurants
6.3.3. Home Cooking
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flavor Enhancer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flavor Enhancer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flavor Enhancer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flavor Enhancer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flavor Enhancer Demand Share Forecast, 2019-2026
9. North America Flavor Enhancer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flavor Enhancer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flavor Enhancer Market Size and Volume Forecast by Application
9.4.1. Food Processing Industry
9.4.2. Restaurants
9.4.3. Home Cooking
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flavor Enhancer Market Size and Volume Forecast by Type
9.7.1. Monosodium Glutamate (MSG)
9.7.2. Hydrolyzed Vegetable Protein (HVP)
9.7.3. Yeast Extract
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flavor Enhancer Demand Share Forecast, 2019-2026
10. Latin America Flavor Enhancer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flavor Enhancer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flavor Enhancer Market Size and Volume Forecast by Application
10.4.1. Food Processing Industry
10.4.2. Restaurants
10.4.3. Home Cooking
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flavor Enhancer Market Size and Volume Forecast by Type
10.7.1. Monosodium Glutamate (MSG)
10.7.2. Hydrolyzed Vegetable Protein (HVP)
10.7.3. Yeast Extract
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flavor Enhancer Demand Share Forecast, 2019-2026
11. Europe Flavor Enhancer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flavor Enhancer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flavor Enhancer Market Size and Volume Forecast by Application
11.4.1. Food Processing Industry
11.4.2. Restaurants
11.4.3. Home Cooking
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flavor Enhancer Market Size and Volume Forecast by Type
11.7.1. Monosodium Glutamate (MSG)
11.7.2. Hydrolyzed Vegetable Protein (HVP)
11.7.3. Yeast Extract
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flavor Enhancer Demand Share, 2019-2026
12. Asia Pacific Flavor Enhancer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flavor Enhancer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flavor Enhancer Market Size and Volume Forecast by Application
12.4.1. Food Processing Industry
12.4.2. Restaurants
12.4.3. Home Cooking
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flavor Enhancer Market Size and Volume Forecast by Type
12.7.1. Monosodium Glutamate (MSG)
12.7.2. Hydrolyzed Vegetable Protein (HVP)
12.7.3. Yeast Extract
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flavor Enhancer Demand Share, 2019-2026
13. Middle East & Africa Flavor Enhancer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flavor Enhancer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flavor Enhancer Market Size and Volume Forecast by Application
13.4.1. Food Processing Industry
13.4.2. Restaurants
13.4.3. Home Cooking
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flavor Enhancer Market Size and Volume Forecast by Type
13.7.1. Monosodium Glutamate (MSG)
13.7.2. Hydrolyzed Vegetable Protein (HVP)
13.7.3. Yeast Extract
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flavor Enhancer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flavor Enhancer Market: Market Share Analysis
14.2. Flavor Enhancer Distributors and Customers
14.3. Flavor Enhancer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fufeng
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Meihua
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ajinomoto Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eppen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lianhua
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shandong Qilu Bio-Technology Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Angel Yeast
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Biospringer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ohly
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DSM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Leiber
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. AIPU Food Industry
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Innova
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
