Global Market Study on Food Flavour Enhancer Market By-products 2022-2032
12/19/2022, Newark // Future Market Insights, Inc. //
According to a new study by FMI, sales of are expected to reach ~US$ 7.4 Bn in 2022 and grow at a CAGR of 6.8% during the forecast period (2022-2032) 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 2022 and 2032, 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.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.To remain ‘ahead’ of your competitors, request for @ Increased Consumption of Processed Food Driving Food Flavour Enhancer MarketChanging lifestyles and increasing disposable incomes have led to changing consumer preferences, resulting in an increase in the consumption of processed food products. The increasing consumption of these food products has resulted in the growing use of food flavour enhancers.Food processing companies are expanding their production areas to cater the demand from consumers. This has, in turn, increased the demand for food flavour enhancers from food processing industries.Consumer demands such as taste along with economic prices have also increased the demand for these food flavour enhancers, not only in the food processing industry but also in the foodservice industry. For example, the increased consumption of packaged foods and beverages is driving the growth of the food flavour enhancer market in China.Consumption of monosodium glutamate (MSG), which is the most popular type of food flavour enhancer, is the highest in China on a global scale, with 55% of MSG being consumed in the country.However, health concerns among consumers around the world backtracked the food flavour enhancer market for a short while. Nevertheless, an increase in the alternatives for synthetic food flavour enhancers to cater the demand for clean-label products from consumers resulted in food flavour enhancers gaining acceptance, globally.Get a Customized Scope to Match Your Need Ask an Expert@‘MSG Symptom Complex’ Affecting the Worldwide PopularityThe sales of food flavour enhancers were affected few years back, especially in developed regions such as North America and Europe, due to a condition called the MSG symptom complex, which was previously referred as Chinese Restaurant-Syndrome. This was due to few incidents with people in the U.S. that consumed food in Chinese restaurants suffering from symptoms such as rashes, itchiness, flushing, etc.This resulted in a backlash regarding food flavour enhancers, especially, the one that is most commonly used in these restaurants, which is monosodium glutamate. Even if it was proven otherwise by government testing laboratories, food flavour enhancers gained negative publicity. Therefore, manufacturers of food flavour enhancers have come up with a range of clean-label products that can be used in food products and termed as ‘organic compliant’.This study by FMI offers insights into the food flavour enhancer market for the forecast period between 2022 and 2032. The food flavour enhancer market is projected to record a CAGR of ~7% during the forecast period.Key SegmentBy Form :
By Product Type :
- Hydrolyzed Vegetable Protein
- Yeast Extract
- Others (Meat Extract, Plant Extract)
By Source :
By End Use :
- Soups and Sauces
- Meat and Seafood
- Ready Meals/Prepared Foods
- Dairy Products
- Snacks, Savouries and Seasonings
- Bakery and Confectionery
By Region :
- North America
- Latin America
- East Asia
- Southeast Asia & Rest of APAC
Frequently Asked Questions
- What is the growth rate of the Food Flavour Enhancer Market?
- What is the market’s forecasted outlook for 2022-2032?
- What are the major industry drivers?
- What are the key industry strategies of the global Food Flavour Enhancer market?
- What are the major regional markets for Food Flavour Enhancer?
- Which region consumes the highest amount of Food Flavour Enhancer?
- What are the most common types of Food Flavour Enhancer in the market?
- What are the market’s major application segments?
- What are the Key companies operating in the market?
Get 30% Discount Year of the End@ About Future Market Insights (FMI)Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.Contact Us:Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware – 19713, USAT: +1-845-579-5705For Sales Enquiries: Browse Other Reports: | |
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