DUBLIN--(BUSINESS WIRE)--The "Global Food Flavor and Enhancer Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
With the robust growth in the processed food industry coupled with the food service giants, the food flavor and enhancer market is expected to register a CAGR of 3.8% for the forecast period 2018-2023.
The changing lifestyle of people has also impacted their food habits. 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.
The consumers preference for a low-salt, low-fat and low-carbohydrate diet is also a key driver in the increase of consumption of flavors and enhancers. Consumer demand for fresh, fast, and healthy food that is driving the innovation and new food and flavor product development. The market for flavors and flavor enhancers perceived as natural is fast growing, especially amongst the developed markets of North America and Europe.
The global market for food flavor and enhancer is segmented on the basis of product type, application and geography. By type, the artificial flavors are expected to witness a fall in the market due to consumer preference for natural flavors. However, monosodium glutamate holds the major share, more than the natural flavors. The major constraint in the natural flavors industry is the need for large amounts of natural resources to extract flavors and enhancers according to consumer preference.
Notable Developments
- PureCircle, the leading producer of the world and innovator of great-tasting stevia sweeteners for the global beverage and food industry launched new stevia leaf-based flavor enhancers in vanilla and cocoa flavors, enabling companies to produce products at a manageable price point.
Key Topics Covered
1. Introduction
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company Profiles
- Archer Daniels Midland (ADM)
- BASF
- Cargill Inc.
- Corbion Purac
- DuPont - Danisco
- FMC Corporation
- Givaudan
- International Fragrance & Flavors Inc. (IFF)
- Kerry Group
- Sensient
For more information about this report visit https://www.researchandmarkets.com/research/2thl3z/global_food?w=4
