November 20, 2019
According to research report titled ‘Global Flavour Enhancers Market - By Type (Glutamates, Acidulants, Hydrolyzed Veg Protein, Yeast Extracts, Others), By End-Use (Processed and Convenience Food, Meat and Fish Products), By Region, By Country (2018 Edition): Forecast to 2023 - By Region (N. America, Europe, APAC, Latin America, ROW), By Country (U.S., Mexico, UK, Germany, China, Japan, India, Brazil)’ available with Market Study Report LLC, the global flavour enhancers market is expected to grow significantly with a CAGR of 12.7% between 2018-2023.
Growing inclination towards western culture among consumers, coupled with rising population of working women and increasing demand for convenience food are the main drivers of flavour enhancers market. Moreover, the market is expected to expand substantially due to surging investments in retail outlets by key food processing companies, along with development of innovative products and increasing per capita income. Rising population of youngsters across the globe along with a growing economy will also augment the demand for flavour enhancers for the forecast period.
As per product type, the flavour enhancer market is segmented into acidulants, glutamates, yeast extracts, hydrolyzed veg protein, and others, wherein the foremost segment is presumed to register noteworthy growth in the upcoming years. While speaking of end-use spectrum, the market is categorized into meat & fish products and processed & convenience foods.
Considering geographical landscapes, the global flavour enhancers market is divided into regions namely, Europe, North America, Latin America, Asia-Pacific and rest of the world, with primary focus on countries which include Mexico, US, UK, China, Germany, Japan, Brazil, and India.
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The report cites that North America held the largest regional share in global flavor enhancers market in 2018. Increasing disposable income, surging investments by major food producing companies, evolving consumer lifestyle, and scaling modernization are fueling the regional growth of North America flavour enhancers market.
The key players of the global flavour enhancers market are Tate and Lyle PLC, Cargill, Novozymes A/S, Corbion NV, Innova Flavours, Sensient Technologies Corp., and Angel Yeast Co. Ltd.
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