Sensient Technologies is fastest growing segment fueling the growth of Flavor Enhancer Market

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The global Flavor Enhancer Market is estimated to be valued at US$ 3.66 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Flavor enhancers improve the taste of food products by imparting and intensifying savory perception without introducing its own flavor. They enhance the existing flavors in food by bringing balance and complexity to the overall taste. Manufacturers use flavor enhancers to reduce sodium and fat content without compromising taste.

Market key trends:
Flavor enhancers derived from natural sources are gaining popularity among manufacturers and consumers. The increasing demand for clean-label and organic products has prompted flavor enhancers companies to introduce more natural and plant-based flavor solutions. For example, Sensient offers its savory taste modulators that contain natural nucleotides to enhance umami taste in meat analogs and plant-based foods. These nucleotides occur naturally in foods such as mushrooms and tomatoes. The clean label trend is expected to drive the growth of natural flavor enhancers over the forecast period.

Segment Analysis
The global flavor enhancer market size is segmented on the basis of type, application and geography. On the basis of type, the market is divided into monosodium glutamate, hydrolyzed vegetable protein, hydrolyzed animal protein, yeast extracts and other segments. Among these, monosodium glutamate segment accounts for the major share in the global market. This is due to the umami taste and non-toxic nature of monosodium glutamate that enhances the taste of food without adding flavor of its own.

Key Takeaways
The global flavor enhancer market is expected to witness high growth, exhibiting CAGR of 5.2% over the forecast period, due to increasing demand for packaged food products and convenience food across the globe.

Regional analysis
Asia Pacific dominates the global flavor enhancer market and is expected to continue its dominance over the forecast period. This is attributed to growing demand for convenience food coupled with rising disposable income in countries such as China and India.

Key players
Key players operating in the flavor enhancer market include Cargill Inc., Tate & Lyle PLC, Corbion N.V., Firmenich SA, Sensient Technologies, Associated British Foods Plc., Givaudan, Takasago International Corporation, Mane SA, International Flavors & Fragrances Inc. (IFF), Quest Nutrition LLC, and Danisco A/S.

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