Food Flavor and Enhancer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast The global food flavor and enhancer market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for foods with health benefits and long shelf life.
Flavors are extra addition to food that provides them a particular taste or smell. These flavors are made from natural ingredients or created artificially. Flavor enhancers are compounds that are added to a food in order to enhance its own natural flavor. Some common food flavors include monosodium glutamate (MSG), nucleotides (IMP and GMP), and yeast extracts, while some examples of flavor enhancers are nuts, fruits, spices, mushrooms, and vegetables. The COVID-19 pandemic led to an unexpected global public health emergency, which in turn, affected all industries. Amidst the COVID-19 period, consumers have become more health conscious and this has changed the consumers’ behavior and purchasing patterns.
Market Trends, Drivers, Restraints, and Opportunities
Increasing demand for healthy ingredients is anticipated to drive the market growth during the forecast period. Growing influential trend for new exotic and ethnic flavors is estimated to spur the market growth in the coming years. Rising preference for premium-quality products is projected to boost the market growth in the coming years. The demand for additives that can maintain the food's nutritive value is anticipated to drive the market growth during the forecast period.