Market Overview:
The global food flavors and ingredients 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 foods, rising disposable income, and changing lifestyle trends. The market is segmented on the basis of type, application, and region. On the basis of type, MSG accounted for the largest share in 2017 owing to its umami taste which enhances flavor profiles in food products. HVP is also expected to grow at a high rate during the forecast period as it imparts a savory taste along with various health benefits such as weight loss and cancer prevention. Yeast extract is another key ingredient used in food flavoring which has various health benefits such as promotion of gut health and reduction in cholesterol levels. On the basis of application, food processing industry held majority share in 2017 due to increasing demand for convenience foods across all regions worldwide.
Product Definition:
Food Flavors and Ingredients are important because it is what gives food it's flavor. It can also be used to add nutritional value to food.
Monosodium Glutamate (MSG):
Monosodium glutamate (MSG) is a flavor enhancer that is added to food products for enhancing their taste. It has the ability to enhance the umami taste of amino acid L-glutamate, which is usually found in seafood and some vegetables/fruits. The growing demand for processed foods across the globe along with rising health concerns related to obesity and other such diseases, are expected to drive market growth over the forecast period.
Hydrolyzed Vegetable Protein (HVP):
Hydrolyzed vegetable protein is a form of gluten that has been chemically broken down to make it more easily digestible for human beings. It is also known as vegetarian beef protein or VBP and can be used in place of regular meat products such as burgers, hot dogs, sausages and others. HVP can be found in various forms including concentrates, isolates and hydrolysates 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 increasing population, coupled with rising disposable incomes, particularly in Asia Pacific and Central & South America is anticipated to drive demand for processed food products which include ready-to-eat meals and frozen foods. This trend is likely to benefit flavor manufacturers as a result of increased sales of processed food products containing various flavors.
The home cooking segment accounted for more than 25% share of global revenue in 2016 owing to growing awareness among consumers about using natural ingredients while cooking at home. Flavor manufacturers are offering customized solutions based on consumer requirements through product development partnerships with cookery schools and professional chefs across the globe who train people how best use these flavors in their daily meals preparation without being overpowered by too much salt or sugar content from flavoring ingredients used.
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 has resulted in high demand for flavors and ingredients. China, India, Japan, Australia are some of the prominent countries that have contributed significantly to regional growth.
The European market is also anticipated to witness considerable growth over the coming years owing to increasing demand from end-use industries such as food processing and restaurants.
North America accounted for a significant share of revenue due to growing popularity of ethnic foods among consumers seeking authentic taste experience at home or while dining out with friends & family. Moreover, presence of well-established industrial sector will boost demand further on account changing eating habits towards healthy diet patterns along with rising concerns about animal welfare issues associated with meat production practices followed in U.S.
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 ready-to-eat or easy to prepare. This is providing a major boost to the food flavors and ingredients market as these products require flavorings and ingredients for taste, texture, and appearance.
- Rising awareness about healthy eating: There is a growing awareness among consumers about the importance of healthy eating. This is prompting them to opt for healthier alternatives, such as natural flavors and organic ingredients. This is benefiting the food flavors and ingredients market as it offers a wide range of options in this category.
- Growing popularity of fusion cuisine: Fusion cuisine has become increasingly popular in recent years, with chefs combining different flavors from different cuisines to create unique dishes. This trend is benefiting the food flavors and ingredients market as it provides opportunities for manufacturers to develop new flavor combinations that cater to consumer preferences.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Flavors and Ingredients Market Research Report
By Type
Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP), Yeast Extract, Others
By Application
Food Processing Industry, Restaurants, Home Cooking
By Companies
Fufeng, Meihua, Ajinomoto Group, Eppen, Angel Yeast, Biospringer, ABF Group, DSM, 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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Food Flavors and Ingredients Market Report Segments:
The global Food Flavors and Ingredients 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
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
- Angel Yeast
- Biospringer
- ABF Group
- DSM
- AIPU Food Industry
- Innova
Highlights of The Food Flavors and Ingredients 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:
- 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 Food Flavors and Ingredients 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Food flavors and ingredients are the essential elements that make up the taste of food. They can be natural or artificial, and they come in a variety of different flavors.
Some of the key players operating in the food flavors and ingredients market are Fufeng, Meihua, Ajinomoto Group, Eppen, Angel Yeast, Biospringer, ABF Group, DSM, AIPU Food Industry, Innova.
The food flavors and ingredients 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. Food Flavors and Ingredients 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. Food Flavors and Ingredients Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Flavors and Ingredients Market - Supply Chain
4.5. Global Food Flavors and Ingredients Market Forecast
4.5.1. Food Flavors and Ingredients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Flavors and Ingredients Market Size (000 Units) and Y-o-Y Growth
4.5.3. Food Flavors and Ingredients Market Absolute $ Opportunity
5. Global Food Flavors and Ingredients 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. Food Flavors and Ingredients 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 Food Flavors and Ingredients 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. Food Flavors and Ingredients 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 Food Flavors and Ingredients 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. Food Flavors and Ingredients 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 Food Flavors and Ingredients 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. Food Flavors and Ingredients 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 Food Flavors and Ingredients Demand Share Forecast, 2019-2026
9. North America Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients Demand Share Forecast, 2019-2026
10. Latin America Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients Demand Share Forecast, 2019-2026
11. Europe Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients Demand Share, 2019-2026
12. Asia Pacific Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients Demand Share, 2019-2026
13. Middle East & Africa Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients 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 Food Flavors and Ingredients Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Food Flavors and Ingredients Market: Market Share Analysis
14.2. Food Flavors and Ingredients Distributors and Customers
14.3. Food Flavors and Ingredients 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. Angel Yeast
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Biospringer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ABF Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DSM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AIPU Food Industry
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Innova
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
