Consumer & Retail

According to a market report by Lucintel, the future of flavor enhancers in the global food additive market looks promising with opportunities in the processed & convenience food, beverages, meat & fish products. The global food additive market in terms of flavor enhancer is expected to reach an estimated $12.2 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are changing lifestyle, westernization, increasing demand for low-fat, low-salt and low-carbohydrate foods and growing consumption of monosodium glutamate.



In this market, powder and liquid & semi-liquid are the major form segments. Lucintel forecasts that powder will remain the largest form segment over the forecast period because it is highly demanded by manufacturers as it gives original taste and aroma of food, without compromising on the characteristic taste or aroma of its own. 



Within this market, processed & convenience foods are expected to remain the largest application segment due to growing number of working women and increasing awareness of processed foods, which are easily available at nearby stores.



APAC will remain the largest region due to increasing disposable income and rapidly growing food & beverage industry in emerging economies, like India and China.

Cargill, Tate & Lyle PLC, Associated British Foods, Corbion N.V., Sensient Technologies, Novozymes A/S, E.I. DuPont de Nemours and Company, Angel Yeast Co, Innova Flavors, and Savoury Systems International are the major suppliers for flavor enhancers in the global food additive market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for flavor enhancers in the global food additive market by product type, form, source, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Flavor Enhancers in the Global Food Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for flavor enhancers in the global food additive market by product type, form, source, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for flavor enhancers in the global food additive market by product type (acidulants, glutamates, hydrolyzed vegetable protein, yeast extracts, and others), form (powder and liquid & semi-liquid), source (natural and synthetic), application (processed & convenience foods, beverages, meat & fish products, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?