Selbyville, Delaware, March 15, 2021 (GLOBE NEWSWIRE) --
The Food Flavors & Enhancers Market revenue is expected to cross USD 13.5 billion by 2027, according to a new research report by Global Market Insights, Inc. Growing consumer demand for foods with an improved taste profile along with added benefits such as low calories, low sugar, gluten-free and high nutrition content is expected to foster food flavors & enhancers industry growth.
The rapid transmission of the coronavirus infection and the resultant lockdowns and movement restrictions across the world has increased the consumption of processed food products which is expected to boost the demand for exotic food flavors & enhancers in the coming years, thus propelling the industry landscape.
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The artificial flavors have been traditionally used on a large scale in food applications since several years. This is mainly attributed to their relatively low cost, ease of manufacturing & processing and ability to be blended easily with other conventional flavors. The ease pf achieving a high level of purity and consistency in artificial flavors manufactured using artificial sources is expected to further raise the demand for artificial flavors during the forecast period. Global artificial flavor market was valued at over USD 1.67 Billion in 2020 and is expected to register more than 4.9% CAGR over the review period.
Some major findings of food flavors & enhancers market report include:
- Increasing health consciousness population coupled with growing instances of chronic health diseases and lifestyle disorders should raise demand for flavors and enhancers derived from plant-based ingredients.
- Rising consumer awareness regarding the adverse effects of synthetic ingredients in artificial flavors is likely to raise the demand for natural flavors in the coming years.
- Changing consumer perceptions coupled with a move towards sustainability and increasing product innovations should augment the market demand.
- Natural flavors segment is expected to register over 6.5% CAGR between 2021 and 2027.
- Some of the major players in the market include Archer Daniels Midland (ADM), Dupont, Givaudan, International Flavors & Fragrances, Firmenich, MANE, Kerry Group, Symrise, Synergy Flavors, Sensient Technologies, Taiyo International, Takasago, Flavorchem, T. Hasegawa, Bell Flavors and Fragrances, Robertet, Treatt, Tate & Lyle and Keva Flavours.
- Manufacturers are heavily investing in research and development to expand their existing product portfolio and meet the increasing consumer demands in the market.
Browse key industry insights spread across 300 pages with 189 market data tables and 35 figures & charts from the report, “Food flavors & Enhancers Market Outlook by Product (Natural, Artificial), Application (Bakery & Confectionery, Food & Nutrition, Beverages, Dairy & Frozen Desserts, Sauces & Dressings), Industry Analysis Report, Regional Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/food-flavors-and-enhancers-market
Europe food flavor & enhancers market is expected to reach over USD 3.8 billion by 2027. This healthy growth rate is mainly attributed to the increasing demand for bakery and confectionery products in the region. Love of European people for sweets and the growing trend of consumption of bakery and confectionery products on festivals and special occasions should further raise the demand for flavors & enhancers from the region throughout the forecast period.
The consumption of flavors & enhancers in production of sauces and dressings is expected to surge during the forecast timeframe owing to the rising demand for low-fat substitutes in food products. Increasing desire of consumers to relish multispecialty international cuisines coupled with the rising awareness regarding healthy and nutritious dietary intake should provide promising opportunities for the use of natural, plant-based flavors in manufacturing sauces and dressings. Growing demand for different types of sauces such as tomato sauce, mayonnaise, chili sauce, soy sauce, mustard sauce, barbecue sauce especially from Asian cuisine is expected to further cater to growth of the food flavors & enhancers market.
Toc of this report @ https://www.gminsights.com/toc/detail/food-flavors-and-enhancers-market
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.