As cited by the research report titled ‘Global Food Flavor Enhancers Market Size study, By Product (Natural, Artificial), By Application (Bakery & Confectionery, Food & Nutrition, Beverages, Dairy & Frozen Desserts, Sauces & Dressings) and Regional Forecasts 2021-2027’, available with Market Study Report, global food flavor enhancers market was worth USD 8.9 billion in 2020 and is projected to grow with a CAGR of 6.2% to accumulate USD 13.56 billion over 2021-2027.
 

The product capability to add unique flavors to food items is a major factor driving the global food flavor enhancers market growth. Additionally, rising demand for exotic food flavors is generating lucrative prospects for developing new variants in the industry. Moreover, technological advancements in the manufacturing of flavors with usage of various techniques like supercritical fluid extraction, solid-liquid extraction, etc. that help in preserving the natural taste & flavor of fruit, is positively swaying the market dynamics.
 

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For the record, food flavor enhancers are used to add & bring out flavor in a variety of products. It helps in enhancing the smell and taste food and is used in sausages, soups, etc.
 

As cited in the report, improved regulations along with enhanced food safety standards possess a challenge for the manufacturers. Moreover, increasing awareness among the consumers regarding the adverse effects of flavors & enhancers is restraining the market progression.
 

Based on product type, worldwide food flavor enhancers industry is segmented into natural, and artificial. Speaking of application ambit, the marketplace is categorized into bakery & confectionery, beverages, food & nutrition, sauces & dressings, and dairy & frozen desserts including others.
 

On the regional front, North America, Europe, Asia Pacific, and Latin America are major avenues adding to the total industry valuation. Of these, Europe accounted for 39% market share in 2020, on account of growing demand for dairy products like yoghurts, creams & ice-creams.
 

Prominent players influencing the worldwide food flavor enhancers market trends are Takasago International Corporation, Taiyo International Inc., Sensient Technologies Corporation, Synergy Flavors Inc., Kerry Group plc, Firmenich S.A., International Flavors & Fragrances Inc., Givaudan, DuPont de Nemours Inc., and Archer-Daniels-Midland Company.