According to the business intelligence report titled ‘Food Flavors & Enhancers Market Size By Product (Natural, Artificial), By Application (Bakery & Confectionery, Food & Nutrition, Beverages, Dairy & Frozen Desserts, Sauces & Dressings), Industry Analysis Report, Country Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global food flavors & enhancers market is projected to grow significantly between 2021-2027.
 

Rising consumer inclination towards nutritious & healthy food coupled with their changing lifestyles are key factors spurring global food flavors & enhancers market expansion. Moreover, surging demand for natural flavors and widespread product application in sauces & dressings, beverages, and bakery & confectionary will aid industry growth over the forecast timeframe.
 

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For the unaware, flavor enhancers are primarily used to bring out the rich flavor in a wide variety of food items without adding any flavor of their own. For instance, monosodium glutamate (MSG) is often added in processed food items such as sauces, sausages, and soups. They are used in snack items, prepared meals and condiments as well.
 

The ability of food flavor to add uniformity & stability in dishes and replace costly or bulky ingredients will continue to favor their demand. On the other hand, changes in rules & regulations pertaining to food & beverage items are  the major challenges in this business sphere.
 

Speaking of application scope, worldwide food flavors & enhancers market size from food & nutrition segment is projected to expand at 5.6% CAGR between 2021-2027 and accrue USD 2.13 billion by 2027. Surging food consumption among people, tolerance for food enhancers among geriatric population, and their utilization to increase weight are the factors credited for the projected growth.
 

Regionally speaking, Latin America market is estimated to amass USD 807 million by 2027 and grow at 4.5% CAGR between 2021-2027. The wide range of food flavors found in some countries of LATAM such as Brazil can be credited for this growth.
 

Meanwhile, Middle East & Africa market is anticipated to be worth USD 620 million by 2027 and expand at 3.8% CAGR over the analysis period.
 

Key players impacting the overall food flavors & enhancers industry dynamics are Solvay S.A., DuPont de Nemours Inc., Huabao Flavours & Fragrances Co. Ltd., Archer-Daniels-Midland Company, Lucta S.A., Givaudan S.A., Keva Flavours Private Limited, Kerry Group plc, Tate & Lyle plc, International Flavors & Fragrances Inc., China Flavors & Fragrances Co. Ltd., Firmenich S.A., Takasago International Corporation, Symrise AG, Treatt Plc, Taiyo International Inc., Wanxiang International Co. Ltd., Mane SA, McCormick & Company Inc., T. Hasegawa Co. Ltd., Robertet Group, Synergy Flavours Ltd., Flavorchem Corporation, Sensient Technologies Corporation, and Bell Flavors & Fragrances Inc.