Demand for Processed & Convenience Food Products to Drive the Flavor Enhancers Market Growth


Posted April 2, 2019 by kmitalee

Increasing demand for convenience food & beverage products and rise in consumption of monosodium glutamate are the major driving factors of this market.

 
The report "Flavor Enhancers Market by Type (Acidulants, Glutamates, Hydrolyzed Vegetable Proteins, Yeast Extracts), Application (Processed & Convenience Foods, Beverages, Meat & Fish Products), Form, Source, & Region - Global Forecast to 2022", The flavor enhancers market is projected to reach USD 8.18 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022. The market is driven by factors such as the growing consumption of convenience food & beverages across the globe, and high usage of monosodium glutamate in savory foods.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=92036677

The beverage flavoring systems market is projected to grow at a CAGR of 6.1%

The global beverage flavoring systems market was valued at USD 3.8 billion in 2018 and is projected to reach USD 5.2 billion by 2023, at a CAGR of 6.1% from 2018 to 2023. The market is driven by factors such as the increasing popularity of innovative flavors in soft drinks, the favorable regulatory environment for fortified products, and increasing global demand for clean-label & organic products. Regulations on the maximum quantity of food additives that can be added to beverages and the limited availability of natural sources of high-quality raw materials inhibit the growth of the beverage flavoring systems market.

By ingredient, the flavoring agents segment is projected to witness the fastest growth during the forecast period

The flavoring agents segment is estimated to grow at the highest CAGR, as flavoring agents such as flavors and taste modulators & taste masking agents have multiple applications. For example, taste modulators are used as sugar replacers and used in low-calorie beverages. Increasing consumer demand for innovative and authentic flavors is driving the flavoring agents segment of the beverage flavoring systems market.

By form, the liquid segment is projected to grow at the highest CAGR in the global beverage flavoring systems during the forecast period

Based on form, the beverage flavoring systems market is segmented into dry and liquid. The liquid segment records the highest CAGR, as it is relatively cheap, in terms of storage, as well as it provides easy solubility and dispersion in beverages. Also, the dry form utilizes methods of freeze-drying and freezing, which despite being efficient, led to higher transportation and energy consumption costs. Hence, manufacturers are focusing on experimenting with the liquid forms of beverage flavoring systems for developing more equitable solutions.

Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92036677

Europe is projected to be the fastest-growing region in the beverage flavoring systems market, due to an increase in the demand for natural flavors and rise in the consumption of fortified beverage products

The demand for fortified beverage products in Europe has increased, with the growing number of product launches at the consumer level. Fruit and vegetable flavors have also become widely popular among European customers. Factors influencing beverage consumption include the development of innovative flavored drinks by manufacturers, natural and clean-label products, low-calorie drinks, and adult soft drinks. Thus, there is a strong demand for various flavors and flavoring systems from beverage manufacturers in this region.

The global beverage flavoring systems market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW.

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
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets™ INC.
Country United States
Categories Food
Tags flavor enhancers , flavor enhancers market , flavor enhancers market analysis , flavor enhancers market growth , market for flavor enhancers
Last Updated April 2, 2019