There is a rising demand for natural food flavors as consumers are avoiding artificial colors and flavors due to the increasing health hazards. The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market
NEWARK, DE / ACCESSWIRE / August 15, 2024 / The Flavor and Flavor Enhancers market is projected to surpass USD 11.9 billion in 2024 and to reach USD 17.4 billion in 2034. Demand for Flavor and Flavor Enhancers has a CAGR of 3.9% throughout the forecast period (2024-2034).
The impact of flavors on food perception has been a critical factor for various industries. The skyrocketing sales of Flavor and Flavor Enhancers have shown significant growth over the past few years driven by rising awareness about food consumption and potential applications of Flavor and Flavor Enhancers. A noteworthy shifting trend toward food and feed products that are blended with various natural and fruit flavors is encouraging the key market players to enhance their production volume. Key manufacturers in the market are actively looking to fortify their products with various micronutrients, which are tailored to consumers' product preferences.
Key players in the market are cautiously keeping an eye on accurate production processes and fortifications of vitamins, minerals, and functional ingredients to match their products with consumer trends and expanding manufacturing plants to maintain the global supply chain of products
In recent years, digitization has fueled rapid expansion across industries globally. The widespread adoption of digitization in the global economy has led to significant growth.
Key Takeaways from the Flavor and Flavor Enhancers Market Study
The growing demand for clean-label products from consumers encourages flavor manufacturers to put more focus on using natural ingredients as well as providing transparent labeling practices.
More often than not, people who go shopping for foodstuff increasingly care about health and wellness when picking out drinks or diets thus driving up the demand for flavors that enhance nutritional profiles without any dilution of taste.
Consumers' appetite toward personalization has revolutionized the flavor industry since they want extraordinary custom-made tastes just for themselves alone. That being said; there is a heightened need for customized products which reflect individual preferences as far as eating habits are concerned while accounting cultural influences too.
"It is anticipated that the growing amount of consumer trend about nutritional value food can increase the sales of Flavor and Flavor Enhancers which can be used by the food and beverages industry." - says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Who is winning?
Flavors and enhancer manufacturing industry is diversified into organized giant key players. Since very long companies started to diversify and innovate the new products according to demand and consumer trends of different food and beverage industries such as dairy, bakery and confectionary etc.
A few of the leading players operating in the Flavor and Flavor Enhancers market are International Flavors & Fragrances Inc., Firmenich SA, Givaudan, Takasago International Corporation, Sensient Technologies Corporation, Mane SA., Cargill, Tate & Lyle PLC, Associated British Foods plc, Corbion N.V., Sensient Technologies, and few others, and other players.
Key Segments of Market Report
By Form:
In this segment, the industry has been categorized into Powder and Liquid
By Source:
The source industry has been categorized into Natural (Yeast Extract, Hydrolyzed Animal Protein, Hydrolyzed Plant Protein, Maltol, and Others) and Synthetic (Glutamates, Nucleotides, Acids)
By End Use Application:
End Use Application types such as Food & Beverages (Processed Foods, Instant Food Products, Soups, Spice Mixes, Noodles, Sauces and Dressings, Bakery & Confectionary, Dairy and Desserts), Foodservice (Horeca), and Others (Infant Formula, Sports Nutrition) are included in the report.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, Middle East and Africa, East Asia, South Asia, and Oceania
Browse Old Report Links of Flavor and Flavor Enhancers Market
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Top Reports Related to Food and Beverage Market:
The global Flavor Modulator Market sales are valued at USD 1,670.6 million by 2024 and is estimated to reach a value of USD 3,340.6 million by 2034, with the global market reflecting a CAGR of 7.2 % over the assessment period 2024 to 2034
The flavored milk market size is predicted to register a valuation of USD 3,511.20 million in 2023, and is estimated to rise to USD 6,529.38 million by 2033. The market is anticipated at a CAGR of 6.4% during the forecast period.
The vegan flavor market share is estimated to be valued at USD 9,021 million in 2023 and is projected to grow at a CAGR of 4.8% from 2023 to 2033 to reach a value of USD 14,406.1 million.
Functional Flavour Market trends is anticipated to expand at a CAGR of 3.9% over the forecasted time period. According to projections, the industry would be worth USD 22.3 Billion by 2032, up from USD 15.2 Billion in 2022. At the end of 2021, the Functional Flavour Market was valued at USD 14.6 Billion.
GCC Functional Food Market demand: The revenue generated from the sales of functional foods in GCC countries is estimated to be around USD 30.9 Bn by 2032, and is projected to expand at a CAGR of 11% during the forecast period 2022-2032.
Global sales of natural tea extract market type are estimated to total USD 5.4 billion in 2024 and USD 11.1 billion by 2034. Sales are projected to rise at a CAGR of 7.5% over the forecast period between 2024 and 2034.
The global enteral nutrition market forecast is estimated to be worth USD 8,232.3 million by 2024 and is projected to reach a value of USD 14,882.5 million by 2034, reflecting a CAGR of 6.1% over the assessment period 2024 to 2034
Global Medical Nutrition industry overview sales reached approximately USD 16,192.6 million at the end of 2024. Forecasts suggest the market will achieve a 6.4% compound annual growth rate (CAGR) and exceed USD 26,555.9 million in value by 2034
The Global Folic Acid market segmentation is poised to reach a value of USD 627.5 million in 2024, and further expand at a CAGR of 4.8% to reach USD 1,233.2 million by the year 2034.
The Global Wound Healing Nutrition Market Analytics sales are estimated to be worth USD 2,594.3 million by 2024 and are projected to reach a value of USD 4,225.9 million by 2034, with the global target sales reflecting a Compounded annual growth rate (CAGR) of 5% over the forecast period of ten years from 2024 to 2034.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn | Twitter | Blogs | YouTube
SOURCE: Future Market Insights, Inc.
View the original press release on accesswire.com
