Market Size of India Food Flavor and Enhancer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Food Flavor and Enhancer Market Analysis
The Indian food flavor and enhancer market is projected to register a CAGR of 3.5% during the forecast period.
The increasing demand for food flavors in processed food products is driving market growth as the food processing industry in India is one of the largest in terms of production, consumption, and import. Due to the prevalence of diverse cultures in India, there is also a huge variety of food cooked in this country, which requires food flavors and enhancers to make the food taste better. There is increased use of spices and herbs in the Indian food culture, leading to an evergreen demand for food flavors in India. The growing demand for a diverse mix of herbs and spices is mostly related to the increasing popularity of ethnic packaged foods, healthy foods, and the growing consumption of convenience, processed, and ready-to-eat dishes.
During the forecast period, the demand for food flavor enhancers is anticipated to be the highest in the foodservice/HoReCa sector. The manufacturing of snacks, savories, and seasoning products will increasingly use food flavor enhancers, which is projected to contribute to the industry's continued expansion. Snack consumption and seasoning production are both rising quickly. Manufacturers are introducing cutting-edge and innovative products in this market category to attract more consumers. Market players are mostly concentrating on producing flavor enhancers for the vegan community. They hope to introduce flavor enhancers that will improve the juiciness and savoriness of vegetarian food products.
