Food Flavor and Enhancer Market by Application and Geography - Forecast and Analysis 2022-2026

The food flavor and enhancer market share is expected to increase by USD 3.07 billion from 2021 to 2026, at a CAGR of 6.7%.

This food flavor and enhancer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers food flavor and enhancer market segmentation by application (bakery and confectionery, food and nutrition, beverages, dairy and frozen desserts, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The food flavor and enhancer market report also offers information on several market vendors, including Archer Daniels Midland Co., Bell Flavors and Fragrances GmbH, Custom Flavors, DuPont de Nemours Inc, Firmenich SA, Flavorchem Corp, Givaudan SA, Huabao International Holdings Ltd, Kerry Group Plc, McCormick and Co. Inc., Robertet SA, S H Kelkar and Co. Ltd., Solvay SA, Symrise AG, Taiyo Kagaku Co. Ltd., Takasago International Corp, TER INGREDIENTS SL, The MANE Group, and TREATT Plc among others.

What will the Food Flavor and Enhancer Market Size be During the Forecast Period?

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Food Flavor and Enhancer Market: Key Drivers, Trends, and Challenges

The premiumization in the food and beverage industry is notably driving the food flavor and enhancer market growth, although factors such as stringent food safety regulations and guidelines may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the food flavor and enhancer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Food Flavor and Enhancer Market Driver

• The premiumization in the food and beverage industry is one of the factors driving the food flavor and enhancer market growth.
• Premiumization in the food and beverage industry is one of the popular trends influencing modern consumer food choices. Therefore, food and beverage manufacturers focus on offering high-quality products with unique flavor innovations. 
• The growing health awareness among consumers is increasing the demand for healthy foods with innovative and premium flavors.
• Some major vendors operating in the global food flavor and enhancer market are manufacturing different varieties of premium flavors, offering consumers a range of options, and expanding their consumer base.  For instance, France-based Mane is a globally renowned manufacturer of a wide range of premium and high-performing natural flavors. 

Key Food Flavor and Enhancer Market Trend

• The rising demand for organic food flavors is one of the key food flavor and enhancer market trends fueling market growth.
• Consumers are opting for healthy food products due to the rising awareness about the negative health implications of consuming products containing synthetic ingredients. Hence, they are shifting to organic chocolate flavors and organic fruit flavors.
• Organic food flavors are pure extracts of raw products such as fruits, vegetables, and beans. These products are popular worldwide as they are free from artificial synthetic ingredients such as gluten and genetically modified organisms (GMOs). 
• Organic chocolate flavors help enhance and supplement the inherent flavor of natural cocoa ingredients. Also, organic chocolate flavors help in moderating excess bitterness by balancing flavors. The flavors help eliminate any unpleasant smell in food products. Such advantages of organic food products are anticipated to fuel market growth in the coming years.

Key Food Flavor and Enhancer Market Challenge

• Stringent food safety regulations and guidelines are one of the key factors challenging the food flavor and enhancer market growth.
• The global food flavor and enhancer market is subjected to various stringent regulations concerning food safety to ensure that the quality of flavors is up to the industry standard and does not impose any health risks associated with consumption. 
• Food flavors are chemicals that are primarily categorized into natural flavors and artificial flavors. Several government bodies worldwide maintain a list of regulations concerning the safety of different types of flavors used in various food items.
• Manufacturers of flavors in the US must submit petitions to the USFDA regarding the ingredients used in different varieties of flavors to evaluate if they are safe for consumption purposes. In addition, the USDA and the NOSB evaluate the use of natural flavors in foods made with organic ingredients. 
• Several regulatory bodies monitor food safety by implementing various regulations concerning different types of flavors used in food items. Any non-compliance to food safety regulations leads to product recalls at any stage of the supply chain and hefty fines to manufacturers. This, in turn, will negatively impact the market growth during the forecast period.

This food flavor and enhancer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global food flavor and enhancer market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the food flavor and enhancer market during the forecast period.

Who are the Major Food Flavor and Enhancer Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Archer Daniels Midland Co.
• Bell Flavors and Fragrances GmbH
• Custom Flavors
• DuPont de Nemours Inc
• Firmenich SA
• Flavorchem Corp
• Givaudan SA
• Huabao International Holdings Ltd
• Kerry Group Plc
• McCormick and Co. Inc.
• Robertet SA
• S H Kelkar and Co. Ltd.
• Solvay SA
• Symrise AG
• Taiyo Kagaku Co. Ltd.
• Takasago International Corp
• TER INGREDIENTS SL
• The MANE Group
• TREATT Plc

 

This statistical study of the food flavor and enhancer market encompasses successful business strategies deployed by the key vendors. The food flavor and enhancer market are fragmented and the vendors are deploying growth strategies such as price, quality, innovation, reputation, and distribution to compete in the market.

Product Insights and News

• dupont.com - Under the unified segment, the company offers user provisioning software that empowers organizations to globally govern privileged access through centrally managed policies dynamically enforced on the server across elastic windows and Linux workloads.
• dupont.com - The company offers access control as a service product such as privileged access management solutions.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The food flavor and enhancer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Food Flavor and Enhancer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the food flavor and enhancer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Food Flavor and Enhancer Market?

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29% of the market’s growth will originate from APAC during the forecast period. China is the key market for food flavor and enhancers in APAC. Market growth in this region will be slower than the growth of the market in the Middle East and Africa.

The increase in the demand for organic food products containing natural flavors will facilitate the food flavor and enhancer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively affected the regional market. However, the initiation of vaccination drives led to the restoration in supply chain activities and the reopening of restaurants, food cafes, and food retail stores which increased the demand for food flavor and enhancers in the first half of 2021. Hence, the market will witness moderate growth during the forecast period.

What are the Revenue-generating Application Segments in the Food Flavor and Enhancer Market?

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The food flavor and enhancer market share growth in the bakery and confectionery segment will be significant during the forecast period. Flavor powders are often encapsulated and spray dried to protect highly volatile components. This technology has enabled the use of volatile ingredients such as apple and peach flavors, making it possible to offer a much more comprehensive range of flavors to bakeries. The second type of flavor, called enhancers, is included in fillings and icing. These are easy to flavor and are not subjected to thermodynamic stress and both oil-soluble and water-soluble flavors can be used. Hence, the bakery and confectionery segment in the global food flavor and enhancer market will grow at a significant rate during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the food flavor and enhancer market size and actionable market insights on post COVID-19 impact on each segment.

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Spain Food Flavor and Enhancer market - The market share is expected to increase by USD 233.36 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.70%.

Food Flavor and Enhancer Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 6.7%
Market growth 2022-2026	$ 3.07 billion
Market structure	Fragmented
YoY growth (%)	7.66
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 29%
Key consumer countries	US, China, Germany, UK, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Archer Daniels Midland Co., Bell Flavors and Fragrances GmbH, Custom Flavors, DuPont de Nemours Inc, Firmenich SA, Flavorchem Corp, Givaudan SA, Huabao International Holdings Ltd, Kerry Group Plc, McCormick and Co. Inc., Robertet SA, S H Kelkar and Co. Ltd., Solvay SA, Symrise AG, Taiyo Kagaku Co. Ltd., Takasago International Corp, TER INGREDIENTS SL, The MANE Group, and TREATT Plc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Food Flavor and Enhancer Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive food flavor and enhancer market growth during the next five years
• Precise estimation of the food flavor and enhancer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the food flavor and enhancer industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of food flavor and enhancer market vendors

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