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Food Flavors & Enhancers Market Trends

  • Report ID: GMI4963
  • Published Date: Dec 2023
  • Report Format: PDF

Food Flavors & Enhancers Market Trends

One notable trend is the increasing demand for natural flavors and enhancers, driven by a growing consumer preference for clean-label and health-conscious products. As consumers become more discerning about the ingredients in their food, manufacturers are responding by incorporating natural sources such as herbs, spices, and botanical extracts to create authentic and wholesome flavor profiles.

Additionally, there is a rising interest in exotic and globally inspired flavors, reflecting consumers' adventurous palates and diverse culinary influences. Moreover, technological advancements are playing a crucial role in flavor innovation. The use of advanced extraction methods, precision fermentation, and flavor encapsulation techniques are enabling the development of unique and enhanced taste experiences. This aligns with the industry's continuous pursuit of differentiation and product innovation to capture consumer attention in a competitive market.

Authors: Kunal Ahuja, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food flavors & enhancers reached USD 8.73 billion in 2023 and is set to cross USD 15.07 billion by the end of 2032, led by the growing investments led by food manufacturers for the development of unique and exotic flavors.

Natural food flavors & enhancers industry was valued at USD 8.73 billion in revenue in 2023, owing to the surging need to improve the performance of pesticides and herbicides.

The bakery application segment recorded around 37.97% revenue share in 2023, due to the evolving consumer preferences for innovative and refreshing drink options.

North America market size was USD 2.92 billion in 2023, attributed to the robust demand for innovative and diverse flavors and the well-established food and beverage sector.

Food Flavors & Enhancers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 136
  • Countries covered: 17
  • Pages: 210
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