The flavor enhancers market, in terms of value, is projected to reach around USD 8.18 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022.
Seattle, WA -- (SBWIRE) -- 06/16/2017 -- The report "Flavor Enhancers Market by Type (Acidulants, Glutamates, Hydrolyzed Vegetable Proteins, Yeast Extracts), Application (Processed & Convenience Foods, Beverages, Meat & Fish Products), Form, Source, & Region - Global Forecast to 2022", The flavor enhancers market is projected to reach USD 8.18 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022. The market is driven by factors such as the growing consumption of convenience food & beverages across the globe, and high usage of monosodium glutamate in savory foods.
Browse 68 market data tables and 36 figures spread through 130 pages and in-depth TOC on "Flavor Enhancers Market - Global Forecast to 2022"
Download PDF Brochure
Early buyers will receive 10% customization on this report.
Monosodium glutamate is projected to be the fastest-growing segment in the flavor enhancers market by type during the forecast period 2017–2022
Monosodium glutamates (MSG) are synthetically produced and are cheap compared to other types of flavor enhancers, such as acidulants, yeast extracts, and hydrolyzed vegetable protein. MSG is commonly used to enhance the umami flavor in savory foods. The growing consumption of processed food is the driving factor contributing to the demand for MSG, which has augmented the growth of the flavor enhancers market.
Make an Inquiry
The powdered form accounted for the largest market share in the flavor enhancers market in 2016
Flavor enhancers in powdered form are most commonly used by manufacturers as it is easier to use as compared to liquid & semi-liquid forms; therefore, powdered flavor enhancers account for the largest market share in 2016. The powdered form finds application in various bakery products, such as processed food, beverages, condiments, and bakery. Furthermore, technological advancements have led to an increased usage of powdered flavor enhancers as the dosing is easier than liquid & semi-liquid forms.
Significant growth for flavor enhancers is observed in the Asia-Pacific region
Rapid urbanization and increasing demand for convenience food is expected to drive the market for different flavors due to which the flavor enhancers market is projected to grow substantially. There is a growing demand for convenience & processed food products in this region due to the Westernization of food habits, which is likely to surpass the market in developed regions, such as Europe and North America. There is an increasing consumption of frozen meat & fish products as a result of urbanization, hectic lifestyles, and high disposable incomes. This trend is expected to fuel the growth of the flavor enhancers market in the region. This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), and Sensient Technologies (U.S.).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets