Market Size of Flavor Enhancer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Flavor Enhancer Market Analysis
The Flavor Enhancer Market is projected to register a CAGR of 4.5% over the forecast period.
The increase of flavor enhancers made from citrus fruits including tamarind, yuzu, orange blossom, lime, and others is promoting the "exotic effect," which is being sustained by consumers' increasing acceptance of strange and exotic food and beverages from around the world. Fusion-based flavor combinations are also growing in popularity for the development of cutting-edge food items. Ingredient producers are helping food companies in delivering novel flavor profiles to meet the demands of changing consumer needs, particularly in the United States. For instance, in March 2022, Flavorchem introduced a range of citrus flavors for use in immune health products. Since citrus flavors are becoming increasingly popular as consumers associate them with immune support.
The increasing popularity of Asian cuisines across the world is another primary reason for driving the market. Recently, many companies have launched natural flavor enhancers to meet the rising demand for clean labels.
Aside from the emphasis on introducing novel flavor profiles, the food flavors enhancers sector is also benefiting significantly from the increased emphasis on the development of innovative flavor manufacturing processes. For instance, in February 2021, Givaudan launched its unique Advanced Tools for Modelling (ATOM), for next-generation product development. The tool utilizes state-of-art artificial intelligence to minimize food & flavor solutions and facilitate co-creation and collaboration with customers.
However, there are some adverse health effects of consuming Monosodium Glutamate (MSG) beyond the recommended limit, which is a major constraint for the market. MSG is recognized as the 'Chinese restaurant syndrome' in the United States, due to its ill effects on health. This has restricted market growth in mature regions, such as the United States and Europe.
