Market Overview:
The global flavour 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 flavour enhancer market is segmented on the basis of type, application, and region. On the basis of type, MSG (monosodium glutamate), HVP (hydrolyzed vegetable protein), yeast extract, and others are included in this study. MSG dominates the global flavour enhancer market due to its umami taste which enhances food flavours. On the basis of application, restaurants account for a major share in terms of revenue followed by home cooking applications owing to changing lifestyles across regions such as Asia Pacific and Latin America where there is an increase in nuclear families with both spouses working outside their homes leading to less time for home cooked meals.
Product Definition:
A flavour enhancer is a food additive that enhances the perceived flavour of a food. The importance of flavour enhancers is to make bland foods more palatable, and to improve the overall taste experience.
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 such as canned vegetables, soups, salad dressings and meat products among others. The global demand for MSG has witnessed significant growth over the past few years owing to its increasing application in food & beverage industry on account of rising consumer preference towards ready-to-eat food items along with growing concerns regarding meal preparation time.
Hydrolyzed Vegetable Protein (HVP):
Hydrolyzed vegetable protein is a form of plant-based protein that has been chemically broken down to peptides. It is derived from soy, corn, wheat and potato starch or roots. The hydrolysis process makes the bonds between amino acids and proteins easier to break so that they can be absorbed by the body; this also means that it's easier for the human stomach to digest.
Application Insights:
The restaurants segment held the largest share of over 70.0% in 2017. Over the past few years, there has been a growing trend for restaurants to add new items to their menus and introduce innovative food concepts. This has resulted in an increased demand for enhancers that can enhance the taste of existing food and create a better flavor profile, thus driving growth over the forecast period.
The home cooking application is projected to be one of the fastest-growing segments with a CAGR exceeding 8% from 2018 to 2030 owing to increasing awareness among consumers regarding healthy eating habits coupled with rising disposable income levels across developing countries such as India and China will drive growth over next seven years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing awareness about nutritional products and changing consumer lifestyle in developing economies including China, India, Thailand, Malaysia and Indonesia. Moreover, rising disposable income levels will drive the demand for food products over the forecast period.
Europe was valued at USD X billion in 2017 owing to high product demand as a result of growing health consciousness among consumers along with stringent regulations by European Commission about artificial flavors being used in foods leading to high preference for natural flavoring ingredients such as vanillin and ethylvanillin which are majorly sourced from wood alcohol or coal gasification process resulting into low production volume thus driving up prices for flavor enhancers over past few years.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in the demand for convenient foods that are easy to prepare and can be consumed on the go. This is providing a major boost to the flavour enhancer market as these products are typically used to improve the taste and flavour of food items.
- Rising disposable income levels: A rise in disposable income levels is enabling consumers to spend more on premium food items, which is benefiting the flavour enhancer market. Additionally, an increase in purchasing power is also fuelling demand for innovative flavours and taste sensations, thereby propelling growth of this market.
- Growing popularity of ethnic cuisine: The increasing popularity of ethnic cuisine around the world is leading consumers towards exploring new flavours and tastes. This provides a major opportunity for players operating in the flavour enhancer market as they can offer products that cater to specific regional tastes.
- . Proliferation of quick service restaurants (QSRs): QSRs are witnessing rapid growth across developed and emerging markets owing to their affordability, convenience, and wide range of menu options catering to different tastes preferences .This is benefiting flavor enhancers manufacturers as QSRs use these additives extensively in their preparations.. 5) Technological advancements: Ongoing technological advancements are resulting in innovations such as reduced-sodium flavor enhancers that help address health concerns relatedto excessive salt intake .Thisis aidingthe expansionof thee flavorenhancermarketasmoreconsumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Flavour Enhancer Market Research Report
By Type
Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP), Yeast Extract, Others
By Application
Restaurants, Home Cooking, Others
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Flavour Enhancer Market Report Segments:
The global Flavour Enhancer market is segmented on the basis of:
Types
Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP), Yeast Extract, Others
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
Restaurants, Home Cooking, Others
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 Flavour 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
- Others
- By Application:
- Restaurants
- Home Cooking
- Others
- 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 Flavour 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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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?
Flavour enhancer is a term used to describe any additive or substance that enhances the flavour of food. This can include substances such as herbs, spices, oils, and acids.
Some of the major companies in the flavour 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 flavour enhancer market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flavour 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. Flavour Enhancer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flavour Enhancer Market - Supply Chain
4.5. Global Flavour Enhancer Market Forecast
4.5.1. Flavour Enhancer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flavour Enhancer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flavour Enhancer Market Absolute $ Opportunity
5. Global Flavour 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. Flavour 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. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flavour 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. Flavour Enhancer Market Size and Volume Forecast by Application
6.3.1. Restaurants
6.3.2. Home Cooking
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flavour 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. Flavour 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 Flavour 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. Flavour 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 Flavour Enhancer Demand Share Forecast, 2019-2026
9. North America Flavour 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 Flavour 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 Flavour Enhancer Market Size and Volume Forecast by Application
9.4.1. Restaurants
9.4.2. Home Cooking
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flavour 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. Others
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 Flavour Enhancer Demand Share Forecast, 2019-2026
10. Latin America Flavour 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 Flavour 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 Flavour Enhancer Market Size and Volume Forecast by Application
10.4.1. Restaurants
10.4.2. Home Cooking
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flavour 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. Others
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 Flavour Enhancer Demand Share Forecast, 2019-2026
11. Europe Flavour 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 Flavour 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 Flavour Enhancer Market Size and Volume Forecast by Application
11.4.1. Restaurants
11.4.2. Home Cooking
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flavour 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. Others
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 Flavour Enhancer Demand Share, 2019-2026
12. Asia Pacific Flavour 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 Flavour 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 Flavour Enhancer Market Size and Volume Forecast by Application
12.4.1. Restaurants
12.4.2. Home Cooking
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flavour 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. Others
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 Flavour Enhancer Demand Share, 2019-2026
13. Middle East & Africa Flavour 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 Flavour 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 Flavour Enhancer Market Size and Volume Forecast by Application
13.4.1. Restaurants
13.4.2. Home Cooking
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flavour 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. Others
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 Flavour Enhancer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flavour Enhancer Market: Market Share Analysis
14.2. Flavour Enhancer Distributors and Customers
14.3. Flavour 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