Lucintel's latest market report analyzed that flavor enhancers in the global food additive provides attractive opportunities in the processed & convenience food, beverages, meat & fish products. The flavor enhancers in the global food additive market is expected to reach $12.2 billion by 2028 with a CAGR of 6%. In this market, powder is the largest segment by form, whereas processed & convenience foods is largest by application.
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Based on form, the flavor enhancers in the global food additive market is segmented into powder and liquid & semi-liquid. The powder segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because it is highly demanded by manufacturers as it gives original taste and aroma of food, without compromising on the characteristic taste or aroma of its own.
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The Flavor Enhancers in the Global Food Additive Marketis marked by the presence of several big and small players. Some of the prominent players offering flavor enhancers in the global food additive include Cargill, Tate & Lyle PLC, Associated British Foods, Corbion N.V, Sensient Technologies, Novozymes A/S, Angel Yeast Co, and Innova Flavors.
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