The Global Flavor Masking Agents Market is majorly driven by the increasing demand for processed foods, growing sports nutrition industry, and rising awareness regarding healthy diet. The bitter flavor masking agents segment is growing at a highest CAGR owing to its considerable demand in the food & beverages industry. North America dominated with a significant market share due to the presence of well established food and beverage as well as sports nutrition industries.Asia Pacific market is growing at a highest CAGR owing to the increasing adoption of western lifestyle and food habits by the population of this region.
Some of the key players profiled in the Flavor Masking Agents Market include Cargill Inc, Archer Daniels Midland Company, DSM, Symrise AG, Roquette Freres, Keva Flavours Pvt Ltd, Carmi Flavour and Fragrance Co Inc , Firmenich International SA , Givaudan Flavours, Sensient Technologies LLC, FCI Flavours, and GEO Specialty Chemicals.
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The Global Flavor Masking Agents Market is accounted for $211.95 million in 2020 and is expected to reach $383.67 million by 2028 growing at a CAGR of 7.7% during the forecast period. Factors such as increasing demand for processed foods, growing sports nutrition industry, and rising awareness regarding healthy diet are driving the growth of the market. However, effect of Covid-19 pandemic on the food and beverages industry is hampering the growth of the market.
Types Covered:• Sweet Flavor Masking Agents• Bitter Flavor Masking Agents• Salt Flavor Masking Agents• Fat Flavor Masking AgentsApplications Covered:• Food & Beverages• Pharmaceuticals and Nutraceuticals Sales Channels Covered:• Direct Sales/Business to Business• Intermediate/Bulk Distributors• Indirect Sales/Business to Customer
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The research looks into the industry’s competitiveness, limits, sales projections, opportunities, existing and upcoming trends, and confirmed market data. The research provides and regional market estimates as well as an examination of the economy. The research also focuses on the Flavor Masking Agents Market driving forces and limitations, as well as their influence on supply and demand. The research also looks at the and regional potentials of the Flavor Masking Agents Market. By dividing the market by product type, end-user, application, and geography, the research offers a critical picture of the Flavor Masking Agents Market. The Flavor Masking Agents Marketmarket has been categorized and evaluated, with predictions for the projected period, based on current and potential developments. The study examines company market share to have a better understanding of the main companies in the Flavor Masking Agents Market business. A variety of variables influence Flavor Masking Agents Market consumer demand. Restriction, on the other hand, may impede market expansion.
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