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Flavor Masking Agents Market Size

  • Report ID: GMI8221
  • Published Date: Feb 2024
  • Report Format: PDF

Flavor Masking Agents Market Size

Flavor Masking Agents Market size was valued at USD 250 million in 2023 and is anticipated to register a CAGR of around 6.2% between 2024 and 2032. Increasing consumer preference for healthy food and beverage alternatives is driving revenue growth in the market. As producers attempt to minimize sugar, salt, and fat content in their goods to match health-conscious preferences of consumers, they frequently experience difficulties in retaining the intended flavor profile. Flavor masking agents serve an important role in reducing the off-notes and undesirable flavors associated with lower amounts of conventional ingredients, allowing for the manufacture of healthier goods without sacrificing taste.

 

Furthermore, the growing popularity of functional and fortified meals has boosted the market for flavor masking agents. Many essential components, including vitamins, minerals, and amino acids, have strong, undesirable flavors that might be difficult to mask. Flavor masking agents serve to improve the overall palatability of these products, making them more appealing to consumers while retaining nutritional benefits.
 

Moreover, the globalization of the food and beverage industry has led to increased cross-cultural preferences, prompting manufacturers to develop products with universal appeal. Flavor masking agents enable the adjustment of taste profiles to suit diverse consumer palates, facilitating the successful market penetration of products in different regions.
 

Cost concerns play a crucial role in limiting the revenue growth of the flavor masking agent market. The creation and application of flavor masking agents incurs significant costs, including research and development, manufacturing processes, raw material procurement, and quality control procedures. Furthermore, including these agents into products may raise production costs, thereby raising consumer prices. Furthermore, producers are typically under pressure to maintain competitive price while ensuring product performance and safety.
 

As a result, cost concerns present a problem for market players looking to develop their income streams in the flavor masking agents category, as they must strike a careful balance between cost-effectiveness and product quality in order to remain competitive in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market of flavor masking agents reached USD 250 million in 2023 and is set to witness over 6.2% CAGR between 2024 and 2032, led by increasing consumer preference for healthy food & beverage alternatives.

Liquid segment accounted for major market share in 2023, backed by the superior solubility properties, allowing for easy absorption into aqueous solutions.

APAC market generated USD 86 million revenue in 2023, owing to rapid urbanization, shifting consumer tastes, and rising disposable incomes.

Ashland Global Holdings Inc., DuPont de Nemours, Inc., Firmenich SA, Frutarom Industries Ltd. (now part of IFF), Givaudan, Huabao International Holdings Limited, International Flavors & Fragrances Inc., Kerry Group, Mane SA, Robertet Group, Sensient Technologies Corporation, and Symrise AG.

Flavor Masking Agents Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 300
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