DUBLIN--(BUSINESS WIRE)--The "Global Food Flavor and Enhancer Market - Growth, Trends and Forecasts 2017 - 2022" report has been added to Research and Markets' offering.
Globalization and modernization are the primary factors that have increased the demand for flavors and enhancers. The changing lifestyle of people has also impacted their food habits. Earlier, natural herbs and spices were used in home cooking to get a tinge of flavor in the food, which eventually turned into an industrial need to cater to the big food processors.
Owing to the increase in working women population there is a need in the market for processed foods, impelling food manufacturers to cater to the growing population resulting in the use of several flavors and enhancers. Also, the consumer preference for a low-salt, low-fat and low-carbohydrate diet is a key driver in the increase of consumption of flavors and enhancers. Since the flavors are region and country-specific, the manufacturers are constantly trying to hold a larger share of the pie, through rigorous R&D and innovations in the market.
The increase in health awareness among consumers is proving to be a major restraint in the artificial flavors market, flavors like monosodium glutamate (MSG). Consumers are now aware of the deteriorating health effects of MSG. For instance, when Maggi noodles were reported to be containing more than the required amount of MSG, it had to go through 8 lab tests to finally gain its place in the market. Hence consumer awareness is directly proportional to the market, wherein, when consumers realize the negative effects of artificial flavors, it subsequently results in a decrease in their demand, thus ticking the demand for natural flavors. Many new entrants face a challenge in the flavor and enhancer industry, as massive natural resources are needed to extract flavors. Also, the change in preferences and tastes of the consumers are constant constraints for the manufactures. Moreover, there are many regulatory bodies that have banned the use of artificial food flavors and enhancers, especially in Europe.
- Givaudan S.A
- Firmenich Industries Ltd,
- International Flavors & Fragrances Inc.
- Stymies Ag.
- Quest Inc.
- Takasago International Corporation
- Sensient Technologies Corporation
- V. Mane Fils SA
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
4. Market Segmentation
5. Competitive Landscape Overview
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5lv76z/global_food