全球食品香料及美味調味料市場 - 成長，趨勢，預測(2017年∼2022年)
Global Food Flavor and Enhancer Market - Growth, Trends, and Forecast (2018-2023)
|出版商||Mordor Intelligence LLP||商品編碼||572851|
|出版日期||內容資訊||英文 110 Pages
|全球食品香料及美味調味料市場 - 成長，趨勢，預測(2017年∼2022年) Global Food Flavor and Enhancer Market - Growth, Trends, and Forecast (2018-2023)|
|出版日期: 2018年05月05日||內容資訊: 英文 110 Pages||
With the robust growth in the processed food industry coupled with the food service giants, the food flavor and enhancer market is expected to grow at a CAGR of 3.8% for the forecast period 2018-2023.
Food flavors and enhancers are the primary building blocks in the food and beverage industry. In this highly competitive market, the growth in innovative products can be attributed to the growth of food flavors and enhancers. The important trigger to these innovations is the region-wise and country-specific adoption of flavors & flavor enhancers by manufacturers.
The changing lifestyle of people has also impacted their food habits. Earlier, natural herbs and spices were used in home cooking to get a tinge of flavor in the food, which eventually turned into an industrial need to cater to the big food processors. Owing to the increase in working women population there is a need in the market for processed foods, impelling food manufacturers to cater to the growing population resulting in the use of several flavors and enhancers.
The consumer preference for a low-salt, low-fat and low-carbohydrate diet is also a key driver in the increase of consumption of flavors and enhancers. Consumer demand for fresh, fast, and healthy food that is driving the innovation and new food and flavor product development. The market for flavors and flavor enhancers perceived as natural is fast growing, especially amongst the developed markets of North America and Europe.
The global market for food flavor and enhancer is segmented on the basis of product type, application and geography. By type, the artificial flavors are expected to witness a fall in the market due to consumer preference for natural flavors. However, monosodium glutamate holds the major share, more than the natural flavors. The major constraint in the natural flavors industry is the need for large amounts of natural resources to extract flavors and enhancers according to consumer preference.
The major global manufacturing hubs are North America and Europe, which hold a large share in the food flavor and enhancer market. These regions are followed by Asia-Pacific, South America, and Africa. Snack and confectionary is leading the market in consumption in Europe, since a few years, followed by bakery items and meat. The European market is a mature market and has several bodies that stringently regulate the use of food flavors and enhancers, keeping the consumer health in mind.
July 2017 - PureCircle, the leading producer and innovator of great-tasting stevia sweeteners for the global beverage and food industry launched new stevia leaf-based flavor enhancers in vanilla and cocoa flavors, enabling companies to produce products at a manageable price point.
Major Players - ARCHER DANIELS MIDLAND (ADM), BASF, CARGILL INC., CORBION PURAC, DUPONT- DANISCO, GIVAUDAN, FMC CORPORATION, INTERNATIONAL FRAGRANCE AND FLAVORS, INC. (IFF), KERRY GROUP, SENSIENT, among others.
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Analyzing outlook of the market with the recent trends and Porters five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
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