Global Flavour Enhancers Market Market Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026

Rockville, US, 2018-Apr-24 — /EPR Network/ —  Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Flavour Enhancers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global flavour enhancers market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.

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Flavors play a fundamental role in packaged food and beverages. Companies operating in the food and beverages industry are focusing on altering the flavors of natural food products such as vegetables and meats to create a flavour for food products that do not have any desired flavors. Artificial flavors are still being used on a large scale to provide a diverse variety of flavors. Meanwhile, artificial flavors also allow people especially suffering from food allergies to consume flavors that they otherwise cannot consume.

With new technologies, the way ingredients are produced is multi-faceted, this has created a confusion on what qualifies an ingredient to be natural. Moreover, definition of natural ingredient also varies from country to country. These factors are making the standardization process more complex and a growing challenge for the food flavoring industry. Meanwhile, food and beverages companies are constantly trying to hold larger share in market through research and development and innovations.

Herbal flavours including matcha and kombucha are expected to take hold on the market for food flavours in the coming years. Moreover, with increasing consumption of ready to drink beverages, companies are focusing on introducing new flavors showcasing impactful and clean flavour profile.

According to the latest report by Fact.MR, the global flavour enhancers market is expected to witness steady growth during 2017-2026. The market is also projected to expand at a CAGR of 5.4% in terms of value. By the end of 2026, the global flavour enhancers market is projected to reach 3,495 thousand tons in terms of volume.

6 Key Highlights on Global Flavour Enhancers Market

1. North America is expected to be the dominating region in the global flavor enhancers market. In terms of value, North America is projected to surpass US$ 1,300 million revenue by the end of 2026. Presence of manufacturers in the U.S. holding majority of share in food and flavors market are contributing to the growth.
2. Meanwhile, Asia Pacific Excluding Japan (APEJ) and Europe are also expected to witness growth. India and China hold a strong position in the flavor enhancers market. Moreover, South East nations with various flavor preferences present opportunity for key market players.
3. Glutamates are expected to be the highly preferred product in flavor enhancers market. Towards the end of 2026, glutamates are projected to surpass US$ 2,000 million revenue.
4. Powder form of flavor enhancers are expected to witness the highest growth. Powder form are projected to bring in more than US$ 2,900 million revenue by the end of 2026.
5. Flavor enhancers are expected to be largely used in beverages during the forecast period. By the end of 2026, beverages are projected to reach over US$ 1,200 million revenue.
6. Synthetic source is expected to be largely used in flavor enhancers. Synthetic source is anticipated to create an incremental opportunity of more than US$ 1,300 million during 2017-2026.

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Flavour Enhancers in Powder Form to Gain Maximum Traction

Compared to the liquid form of flavour enhancers, powers form is likely to witness significant growth. Flavour enhancers in powder form are estimated to exceed US$ 2,900 million revenue by 2026 end. Flavour enhancers in powdered form are easy to use as compared to the liquid form. Moreover, powdered form of flavour enhancers are being used on a large scale in bakery products. Technological advancement is leading to the increased use of powder form of flavour enhancers as dosing is also easy.

Flavour Enhancers to Find Largest Application in Beverages

Beverages are likely to account for the largest application of flavour enhancers between 2017 and 2026. Beverages are estimated to reach close to US$ 1,300 million revenue towards 2026 end. Manufacturers in food and beverages industry are focusing on producing new beverages with unique flavours. Moreover, flavour enhancers help beverage companies to reformulate products, maintaining the taste of the product.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global flavour enhancers market through 2026, which include Danisco, Takasago, Quest, Stymies AG, IFF, Mane SA, Takasago International Corporation, Givaudan, Firmenich SA, Sensient Technologies, Corbion N.V., Associated British Foods plc., Tate & Lyle PLC, and Cargill.

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