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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.
Download Report Sample to Unlock the Food Flavor and Enhancer Market Size for the Forecast Period and Other Important Statistics
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
Key Food Flavor and Enhancer Market Trend
Key Food Flavor and Enhancer Market Challenge
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.
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.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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