The global flavor enhancer market revenue was valued at USD 10.44 billion in 2023 and is projected to grow from USD 11.06 billion in 2024 to USD 18.77 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.84% during the forecast period.

Flavor enhancers are additives used in food and beverages to improve and modify taste profiles. Common types include yeast extract, monosodium glutamate (MSG), acidulants, sugar substitutes, hydrolyzed vegetable protein, and botanical extracts. These enhancers can be derived from natural sources or synthesized chemically. However, natural enhancers are generally more expensive than synthetic ones, which has slowed the growth of demand for natural options. The market is being driven by the rapid adoption of advanced technologies to develop innovative enhancers tailored to diverse applications across various industries.

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List of Key Players Profiled in the Report:

• Givaudan (Switzerland)
• International Flavors & Fragrances Inc. (U.S.)
• Firmenich (Switzerland)
• Tate and Lyle (U.K.)
• Corbion N.V. (Netherlands)
• Novozymes A/S (Denmark)
• Angel Yeast Co. Ltd. (China)
• Ajinomoto (Japan)
• Kerry Group (Ireland)
• ABF Ingredients (U.K.)
• Sensient Technologies Corporation (U.S.)

Segments

Growing Consumption of Processed Food Products Propels Monosodium Glutamate (MSG) Demand

By type, the market is classified into sugar alternatives, Monosodium Glutamate (MSG), acidulants, hydrolyzed vegetable protein, yeast extract, and botanical extracts. Monosodium glutamates hold the largest flavor enhancer market share due to their high preference as a flavor enhancer in processed meat, processed snacks, soups, and other prepared meals. They are gaining traction, specifically in Asian countries, and are extensively adopted in the food industry.