Rise in Demand for Flavor Enhancers in Convenience Food Products to Drive the Flavor Enhancers Market
Increasing demand for convenience food & beverage products and rise in consumption of monosodium glutamate are the major driving factors of flavor enhancers market.
(EMAILWIRE.COM, October 23, 2019 ) The flavor enhancers market is projected to reach USD 8.81 billion by 2022 at a CAGR of 5.6% from 2017 to 2022. The market is driven by factors such as the rising popularity for convenience food & beverages and the increasing consumption of MSG (monosodium glutamates) as prime flavor enhancers. Stringent regulations which include international quality standards for flavor enhancers is the major factor restraining the flavor enhancers market.
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Processed & convenience foods segment led the flavor enhancers market, by application
In the processed & convenience food industry, flavor enhancers are used to increase the palatability of the food items and enhance the taste and aroma of the foods. Flavor enhancers have various applications in the processed & convenience foods, such as soups, sauces, ready meals, and snacks. Monosodium glutamate is the most commonly used flavor enhancers for processed & convenience foods. Moreover, it is widely used in developing regions, such as Asia-Pacific where the market for processed & convenience foods is expected to witness the highest growth, which is further expected to drive the overall flavor enhancers market.
Asia-Pacific to dominate the flavor enhancers market through 2022
The market for flavor enhancers in the Asia-Pacific region was the largest, wherein China was the largest country-wise market. The Asia-Pacific region has a large market for fast food & convenience food products. The improved standard of living of the people is contributing heavily to the demand for flavor enhancers by manufacturers. However, the rise in the number of health conscious consumers has offered market potential for yeast extracts to grow in the flavor enhancers market in the region since it can be derived naturally.
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Key players are as follows:
The global flavor enhancers market is dominated by key players such as Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), Sensient Technologies (U.S.). Other players in the industry include Novozymes A/S (Denmark), E.I. DuPont de Nemours and Company (U.S.), Angel Yeast Co., Ltd (China), Innova Flavors (U.S.), Savoury Systems International, Inc. (U.S.), Senomyx, Inc. (U.S.), and Ajinomoto Co., Inc. (Japan).
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92036677
Processed & convenience foods segment led the flavor enhancers market, by application
In the processed & convenience food industry, flavor enhancers are used to increase the palatability of the food items and enhance the taste and aroma of the foods. Flavor enhancers have various applications in the processed & convenience foods, such as soups, sauces, ready meals, and snacks. Monosodium glutamate is the most commonly used flavor enhancers for processed & convenience foods. Moreover, it is widely used in developing regions, such as Asia-Pacific where the market for processed & convenience foods is expected to witness the highest growth, which is further expected to drive the overall flavor enhancers market.
Asia-Pacific to dominate the flavor enhancers market through 2022
The market for flavor enhancers in the Asia-Pacific region was the largest, wherein China was the largest country-wise market. The Asia-Pacific region has a large market for fast food & convenience food products. The improved standard of living of the people is contributing heavily to the demand for flavor enhancers by manufacturers. However, the rise in the number of health conscious consumers has offered market potential for yeast extracts to grow in the flavor enhancers market in the region since it can be derived naturally.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=92036677
Key players are as follows:
The global flavor enhancers market is dominated by key players such as Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), Sensient Technologies (U.S.). Other players in the industry include Novozymes A/S (Denmark), E.I. DuPont de Nemours and Company (U.S.), Angel Yeast Co., Ltd (China), Innova Flavors (U.S.), Savoury Systems International, Inc. (U.S.), Senomyx, Inc. (U.S.), and Ajinomoto Co., Inc. (Japan).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results