Flavor additives and enhancers are basically products added to food and beverages to improve their flavoring and enhance their taste. With various reasons like growing varieties of dishes across the world; growing per capita income of the population of the globe; heightened awareness about importance of hygiene in food products owing to growing cases of food-borne diseases etc, the Food and Beverage Industry has been witnessing immense growth in the past few years.
Development of flavor additives and enhancers market is directly proportional to the betterment of overall food and beverage industry. Thus, with limitless scope in the F&B market, the potential future capabilities of Flavor Additives & Enhancers Market are vast!
Food companies add natural flavors and artificial flavors to process foods desirable to people’s palate. There is high demand for the food flavoring agents and flavor enhancer products across the globe in the Flavor Additives & Enhancers Market during 2015-2020. According to the IndustryARC, this market will witness skyrocketing demand and supply rates of the natural flavors of additives over artificial flavor agents.
Regional Forecast and Growth:
Asia Pacific is the leading region in the Flavor Additives & Enhancers Market with high consumption of food additives in food processing industries and pharmaceuticals. India and China are the potential countries for high growth during 2015-2020. Europe is expected to witness high growth in this market due to high consumption of food enhancers and flavoring through 2020.
North America is the second leading region in the Flavor Additives & Enhancers Market and expected to have high growth during 2016-2021. The North America market is rapidly growing due to the rising demand for food flavoring in beverage industry and pharmaceuticals in upcoming years.
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The Flavor Additives & Enhancers Market is segmented into various categories in the IndustryARC market analysis report by type of flavoring substance, by type of flavoring enhancer, by form, by end user industry and by geography.
By type of flavoring substance: natural flavoring substance (fruit and vegetable extracts, herbal extracts, others), nature-identical flavoring substance (vanillin, limonene and others) and artificial flavoring substance (aldehydes, esters, ketones, alcohols and others)
By type of flavoring enhancer: Glutamic Acid Salts (Monosodium L-glutamate, Monopotassium L-glutamate, Monoammonium L-glutamate, Calcium di-L-glutamate and Magnesium di-L-glutamate), Guanylic Acid Salts (Disodium guanylate, Dipotassium guanylate, Calcium guanylate) and Iosinic Acid Salts (Disodium iosinate, Dipotassium iosinate, Calcium iosinate and others)
By form: liquid flavorings, powder flavorings and paste flavorings
By end user industry: Food and Beverage Industry, Pharmaceutical Industry
By geography: North America, South America, Europe, Asia Pacific and ROW
Vendors Brief of the Industry:
- Archer Daniels Midland Company
- International Flavors and Fragrances, Inc.
- Givaudan SA
- Corbion N.V.
- Firmenich S.A.
To conclude, this market is a rapidly growing market with high demand from food processing and beverage industries for flavor enhancers across the globe. This market is expected to have high growth with rising demand in various regions during the observation period of the upcoming 5-6 years.
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