Oct 27, 2017   SOURCE: BusinessWire

Global Food Flavor and Enhancer Market - Forecast to Reach Nearly $12 Billion by 2022 - Research and Markets

The "Global Food Flavor and Enhancer market- Growth, Trends, Forecast for the period (2017 - 2022)" report has been added to Research and Markets' offering.

The global market size in 2016 was estimated USD 9.2 billion and is estimated to increase at a compound annual growth rate (CAGR) of 3.5% and reach nearly USD 12 billion by 2022.

Globalization and modernization are the primary factors that have increased the demand for flavors and enhancers. 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.

Also, the consumer's preference for a low-salt, low-fat and low-carbohydrate diet is a key driver in the increase of consumption of flavors and enhancers. Since the flavors are region and country-specific, the manufacturers are constantly trying to hold a larger share of the pie, through rigorous R&D and innovations in the market.

Companies Mentioned

  • Givaudan
  • Firmenich
  • Ariake U.S.A. Inc.
  • Cargill Inc
  • Kerry Group
  • Corbion Purac
  • Archer Daniels Midland(Adm)
  • Fmc Corporation
  • Symrise Ag
  • Basf
  • International Fragrance and Flavours Inc.(Iff)
  • Sensient
  • Dupont- Danisco
  • D.D. Williamson & Co Inc.

Key Topics Covered:

1. Introduction

2. Key Findings

3. Market Overview & Dynamics

4. Market Segmentation

5. Competitive Landscape Overview

6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/bgcbk7/global_food