Argentina Food Flavor and Enhancer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Argentine food flavor and enhancer market is projected register a CAGR of 3.7% during the forecast period, 2020-2025.

• The market is majorly driven by the distinct taste profiles preferred by the consumers, as a result of the frequent launches of distinct flavors and enhancers by the key players. For instance, Firmenich launched a new line of natural flavor solutions, “Protein Shield Flavors” for the beverage products with high protein content. In addition, consumer inclination toward clean-label and organic products boosts the natural food flavor segment of the market.

Scope of the Report

The Argentine food flavor and enhancer market is segmented by type into the natural flavor, synthetic flavor, nature identical flavoring, and flavor enhancers. Additionally, the market studied is segmented by application into bakery, confectionery, beverages, dairy, processed food, and other applications.

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Inclination Toward Clean Label Ingredients

The trend of naturally sourced ingredients has been spreading across the South American region, especially in Argentina and Brazil. Food and beverage companies have been largely affected with almost all international and local players forced to remove artificial flavors and additives from their product lines. In parallel, the clean label affected the country's flavor market, wherein producers have responded with high innovation and investments in research and development activities. As consumers are highly skeptical about artificial additives, the rise in consumer's concern on the usage of food additives and preservatives led to the demand growth for transparency and clean labels, thus, hindering the artificial flavor and additive segments of the market.

To understand key trends, Download Sample Report