Market Overview:
The global food flavour enhancer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for processed and convenience foods, beverages, meat and fish products, and others. MSG, HVP, yeast extract are the major types of food flavour enhancers used in various applications. Asia Pacific is the fastest-growing region in the global food flavour enhancer market due to the rising demand for processed and convenience foods in countries such as China and India.
Product Definition:
A food flavour enhancer is a substance that is added to food to improve the taste. This can be done by either increasing the amount of flavour present or by masking unpleasant flavours. Food flavour enhancers are important because they can make food more palatable and therefore more enjoyable to eat.
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 widespread usage in food processing industry.
Hydrolyzed Vegetable Protein (HVP):
Hydrolyzed vegetable protein is a form of protein hydrolysate that is used as a food flavoring agent. It consists of amino acids, which are the building blocks for proteins. The main function of HVP is to enhance the nutritional content and taste quality in processed foods such as meat products, bakery items, dairy products and frozen meals among others by enhancing their nutritive value.
Application Insights:
The processed and convenience foods segment accounted for the largest revenue share of over 40% in 2017. The demand from this application is primarily driven by the growing population, which requires quick and easy to prepare food products. Food manufacturers are increasingly using these enhancers as they offer improved taste and texture, improve preservation quality, enhance nutritional value as well as help reduce calories.
Beverages emerged as the second-largest segment owing to increasing consumption of carbonated soft drinks worldwide. These beverages require specific ingredients for manufacturing due to their unique flavor requirements that cannot be achieved with normal drinking water flavors alone. Food ingredient companies are now focusing on developing innovative beverage flavors that not only mask unpleasant tastes but also add vitamins and nutrients thereby improving overall nutrition levels in beverages without adding any additional sugar or calories thereto (Ref).
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 nearly 60% of the global population, and food consumption patterns have been changing rapidly as a result of rapid urbanization coupled with rising disposable income levels. This has resulted in an increased demand for enhanced foods across this region, which will further fuel product growth.
The European market held a significant share in terms of revenue as well as volume owing to high consumer awareness regarding health & nutrition along with evolving food preferences influenced by new product launches from major players such as PepsiCo Inc.; General Mills Inc.; Kellogg Co; Tyson Food Inc.; and Nestl© S.A. These companies are continuously investing in R&D activities to introduce innovative products that meet growing consumer demands across Europe, Asia Pacific, North America and other regions.
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 can be quickly prepared. Food flavour enhancers play an important role in enhancing the taste and flavour of these types of foods, thus driving their growth.
- Rising disposable incomes: A rise in disposable incomes has resulted in consumers spending more on food items, including those that are perceived as being healthier or more luxurious. This is providing a boost to the food flavouring market as well.
- Growing popularity of ethnic cuisines: There is a growing trend towards trying out different types of ethnic cuisine, which has led to an increase in the demand for exotic flavours and seasonings used in cooking. Food flavouring additives provide an easy way to add these flavours without having to make any major changes to recipes, thus fuelling their growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Flavour Enhancer Market Research Report
By Type
Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP), Yeast Extract, Others
By Application
Processed & Convenience Foods, Beverages, Meat & Fish Products, Others
By Companies
Cargill, Tate & Lyle PLC, Associated British Foods PLC, Corbion N.V., Sensient Technologies Corporation, Novozymes A/S, Dupont, Angel Yeast Co., Ltd, Innova Flavors, Savoury Systems International, Inc., Cargill, Ajinomoto Co, Inc, Fufeng, Meihua, Lianhua, Shandong Qilu Bio-Technology Group
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Food Flavour Enhancer Market Report Segments:
The global Food 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
Processed & Convenience Foods, Beverages, Meat & Fish Products, 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:
- Cargill
- Tate & Lyle PLC
- Associated British Foods PLC
- Corbion N.V.
- Sensient Technologies Corporation
- Novozymes A/S
- Dupont
- Angel Yeast Co., Ltd
- Innova Flavors
- Savoury Systems International, Inc.
- Cargill
- Ajinomoto Co, Inc
- Fufeng
- Meihua
- Lianhua
- Shandong Qilu Bio-Technology Group
Highlights of The Food 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:
- Processed & Convenience Foods
- Beverages
- Meat & Fish Products
- 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 Food 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?
Food flavour enhancer is a substance that is added to food in order to make it taste better. It can be anything from natural ingredients like herbs and spices, to artificial additives like MSG.
Some of the major players in the food flavour enhancer market are Cargill, Tate & Lyle PLC, Associated British Foods PLC, Corbion N.V., Sensient Technologies Corporation, Novozymes A/S, Dupont, Angel Yeast Co., Ltd, Innova Flavors, Savoury Systems International, Inc., Cargill, Ajinomoto Co, Inc, Fufeng, Meihua, Lianhua, Shandong Qilu Bio-Technology Group.
The food flavour enhancer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Flavour Enhancer Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Food Flavour Enhancer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Food Flavour Enhancer Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Food Flavour Enhancer Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Food Flavour Enhancer Market Size & Forecast, 2020-2028 4.5.1 Food Flavour Enhancer Market Size and Y-o-Y Growth 4.5.2 Food Flavour Enhancer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Monosodium Glutamate (MSG)
5.2.2 Hydrolyzed Vegetable Protein (HVP)
5.2.3 Yeast Extract
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Processed & Convenience Foods
6.2.2 Beverages
6.2.3 Meat & Fish Products
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Flavour Enhancer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Flavour Enhancer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Monosodium Glutamate (MSG)
9.6.2 Hydrolyzed Vegetable Protein (HVP)
9.6.3 Yeast Extract
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Processed & Convenience Foods
9.10.2 Beverages
9.10.3 Meat & Fish Products
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Monosodium Glutamate (MSG)
10.6.2 Hydrolyzed Vegetable Protein (HVP)
10.6.3 Yeast Extract
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Processed & Convenience Foods
10.10.2 Beverages
10.10.3 Meat & Fish Products
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Monosodium Glutamate (MSG)
11.6.2 Hydrolyzed Vegetable Protein (HVP)
11.6.3 Yeast Extract
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Processed & Convenience Foods
11.10.2 Beverages
11.10.3 Meat & Fish Products
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Monosodium Glutamate (MSG)
12.6.2 Hydrolyzed Vegetable Protein (HVP)
12.6.3 Yeast Extract
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Processed & Convenience Foods
12.10.2 Beverages
12.10.3 Meat & Fish Products
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Monosodium Glutamate (MSG)
13.6.2 Hydrolyzed Vegetable Protein (HVP)
13.6.3 Yeast Extract
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Processed & Convenience Foods
13.10.2 Beverages
13.10.3 Meat & Fish Products
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Flavour Enhancer Market: Competitive Dashboard
14.2 Global Food Flavour Enhancer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill
14.3.2 Tate & Lyle PLC
14.3.3 Associated British Foods PLC
14.3.4 Corbion N.V.
14.3.5 Sensient Technologies Corporation
14.3.6 Novozymes A/S
14.3.7 Dupont
14.3.8 Angel Yeast Co., Ltd
14.3.9 Innova Flavors
14.3.10 Savoury Systems International, Inc.
14.3.11 Cargill
14.3.12 Ajinomoto Co, Inc
14.3.13 Fufeng
14.3.14 Meihua
14.3.15 Lianhua
14.3.16 Shandong Qilu Bio-Technology Group