According to a new study by FMI, sales of food flavour enhancer are expected to reach ~US$ 7.4 Bn in 2019, and with rising consumer demand for processed food products, the demand for food flavour enhancers will further grow in the coming years. Consumers are voicing the need for taste to complement nutrients, and food manufacturers are hunting ingredients that can maintain their production costs under a limit. Eventually, this is expected to bode well for manufacturers in the food flavour enhancers, and the market is expected to grow at a CAGR of ~7% between 2019 and 2029, opines FMI.
The FMI study finds that the availability of food flavour enhancers that assure the reduction of salt in these products is increasing, and the rise in demand is mainly attributed to their adoption as a cost-effective alternative for conventional food flavour enhancing ingredients.
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Even though clean-label food flavour enhancers are priced more, but a mere sprinkle will bring the required results. The cost of commodities such as salt and sugar is cut out when a food flavour enhancer is added to a food product. Thus, food flavour enhancers are being adopted extensively by stakeholders in the food industry, especially foodservice operators.
Also, many government regulations have been formulated to reduce the amount of salt in food products due to its adverse effects on the health of humans that consume this in excess, thus driving the food flavour enhancer market. South Africa implemented a legislation in 2013, making salt reduction mandatory, with initial reductions coming into force in 2016, and further reductions enforced in 2018. This, in turn, will bolster sales of food flavour enhancers in the coming years.
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Key Segment
Form
- Powder
- Liquid
Product Type
- Glutamates
- Hydrolyzed Vegetable Protein
- Yeast Extract
- Others (Meat Extract, Plant Extract)
Source
- Plant-based
- Yeast
- Seaweed
- Synthetic
End Use
- Soups and Sauces
- Meat and Seafood
- Ready Meals/Prepared Foods
- Dairy Products
- Snacks, Savouries and Seasonings
- Beverages
- Bakery and Confectionery
- Foodservice/HoReCa
- Household/Retail
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- Southeast Asia & Rest of APAC
- MEA
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Table Of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Opportunity Matrix
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Food Flavour Enhancer Market Background
3.1. Global Food and Beverages Industry Overview
3.2. Key Developments and Product Launches
3.3. Overview of Claims and Certifications for Food Flavour Enhancer Products
3.4. Overview of Production and Processing Methods
4. Global Food Flavour Enhancer Market Analysis 2014-2018 and Forecast 2019-2029
4.1. Market Volume (Metric Tons) and Forecast
4.2. Market Size (US$ Mn) and Forecast
4.2.1. Market Size (US$ Mn) and Y-o-Y Growth
4.2.2. Absolute $ Opportunity
5. Global Food Flavour Enhancer Market Pricing Analysis