The Flavor and Flavor Enhancers market is projected to surpass $11.9 billion in 2024 and reach $17.4 billion in 2034, according to Future Market Insights, Inc. This marks a CAGR of 3.9% throughout the forecast period from 2024-2034.

Discover the report highlights:

• A noteworthy shifting trend toward food and feed products that are blended with various natural and fruit flavors is encouraging the key market players to enhance their production volume. Key manufacturers in the market are actively looking to fortify their products with various micronutrients, which are tailored to consumers’ product preferences.
• Key players in the market are cautiously keeping an eye on accurate production processes and fortifications of vitamins, minerals, and functional ingredients to match their products with consumer trends and expanding manufacturing plants to maintain the global supply chain of products.
• The widespread adoption of digitization in the global economy has led to significant growth. The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market.
• The growing demand for clean-label products from consumers encourages flavor manufacturers to put more focus on using natural ingredients as well as providing transparent labeling practices.
• There is a heightened need for customized/personalized products that reflect individual preferences as far as eating habits are concerned while accounting for cultural influences.

“It is anticipated that the growing amount of consumer trend[s] about nutritional value food can increase the sales of Flavor and Flavor Enhancers which can be used by the food and beverages industry.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights.