Food Flavour Enhancer Market is Poised to Exhibit a Moderate 4.0% CAGR Through 2027 - Future Market Insights
VALLEY COTTAGE, New York, Feb. 21, 2019 /PRNewswire/ -- Consumption of food flavour enhancer is likely to reach 4,000 thousand MT towards 2019 end. As indicated by a new research study by Future Market Insights, food flavour enhancer market volume will witness an increase of 3.3% in 2019 over 2018. Key findings of the report include:
- Over 40% of the consumer base of food flavour enhancer is based in East Asia
- An array of organic, clean-labeled products are launched in the 'safe' flavour enhancer category, significantly pushing prospects of market growth
- Low-sugar, low-salt flavour enhancers are showcasing rapid uptake potential
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MSG Top selling Flavour Enhancer Despite Controversies
Food flavours are benefitting from a surge in processed food consumption. Food processors are focusing on innovating flavours to meet evolving consumer tastes. The increasing demand from foodservice operators is driving expansion of manufacturing capacities, according to FMI's study.
The study further finds that processing of snacks, savouries, and seasonings are among the key categories driving demand for food flavor enhancers. Meat and seafood are the other key categories.
According to FMI's analysis, in addition to recording sustained adoption in food and beverage applications, food flavour enhancers continue to witness steady adoption in various pharmaceutical applications, especially oral care products.
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While glutamates remain the most sought-after food flavour enhancers, MSG demand continues to be healthy controversies surround its health impact. The 'Chinese Restaurant Syndrome' prevalent in Europe and North America has been linked to excessive presence of MSG in Chinese foods served at restaurants.
The report opines that demand for yeast extracts and hydrolyzed vegetable proteins is also picking up. FMI attributes this spurt to safety quotient associated with the latter two.
Natural Food Flavour Enhancers Gradually Mainstreaming
Synthetic food flavours have traditionally outsold natural food flavour enhancers due to their easy availability and low cost. However, the cross-industry health and wellness trend has piqued sales of natural food flavour enhancers, with FMI's analysis revealing that 4 out of 10 consumers now prefer naturally-sourced food ingredients. According to FMI, the rising trend of natural and organic is underpinning demand for plant-based flavour enhancers. As veganism expands, it is more likely that naturally-sourced food flavour enhancers will become mainstream in the future. This trend will particularly be observed among the expanding flexitarian and reducetarian consumer base in developed regional markets.