Global Food Flavors and Enhancers Market to Grow 5.9% by 2030

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The flavor and enhancers market is anticipated to grow at a healthy pace from mid-2021.

The Global Food Flavors and Enhancers Market Size was valued at $7.92 billion in 2020 and is projected to grow at a CAGR of 5.9% during the forecast period till 2030, per Quince Market Insights.

Related: Trend: Indulgent Breakfast Flavors

Based on product, the Global Food Flavors and Enhancers Market is segmented into natural and artificial.

The natural flavor segment is projected to dominate the market during the forecast period. Concerns about the effects of artificial flavors are increasing the consumer want for natural flavors in food.

The increasing clean label needs, due to rising customer awareness concerning the ingredient quality utilized in food products, have prompted the food and beverage producers to use natural flavors and enhancers in producing their products, which is estimated to drive market growth.

The beverage segment is estimated to dominate the market. An increase in the consumption of beverages high in nutrients that support immune function and improve digestive functions of the body is expected to augment the product demand from the beverage industry.

As for regions, Asia Pacific is expected to dominate market development during the forecast period. 

Key market players include:

  • Archer-Daniels-Midland

  • Givaudan

  • International Flavors and Fragrances

  • Firmenich SA

  • Mane

  • Kerry Group plc.

  • Symrise AG

  • Synergy Flavors, Inc.

  • Sensient Technologies

  • Taiyo International

  • Takasago International Corporation

  • Solvay

  • Robertet

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