PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339069
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339069
The global bitterness suppressors and flavor carriers market size is expected to reach USD 322.30 million by 2032, according to a new study by Polaris Market Research. The report "Bitterness Suppressors and Flavor Carriers Market Share, Size, Trends, Industry Analysis Report, By Category (Bitterness Suppressors and Flavor Carriers); By Form; By Flavor Type; By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Food and beverage industry growth is likely to improve global market revenue. Various developments, advanced technologies, and trends are attributed to the ever-improving food & beverage industry. Food is considered an inherent factor and a robust backbone of economic growth for every country globally. The growth has increased the demand for bitterness suppressors as manufacturers seek to improve the taste and quality of their products. As a result, the growing food and beverage industry is drastically contributing to the boost in sales of bitterness suppressors and flavor carrier products.
As consumers become more health-conscious, there is an increasing demand for foods with reduced bitterness and enhanced flavors without the need for excessive sugar or artificial additives. For example, in July 2022, the world's leading taste and nutrition company, Kerry, officially opened the largest and most refined taste production facility on the African continent. Likewise, many other businesses struggle to stay competitive by launching various products and business strategies. This has led to increased growth in the global market.
Regulations regarding the use of bitterness suppressors in food & beverages significantly impact the market. For instance, approval from regulatory bodies such as the FDA and EFSA is required before bitterness suppressors can be used in food. Compliance with such regulations can impact the availability and pricing of these compounds in the market.
Flavor carriers segment is expected to lead the global market in 2022 primarily due to easy availability of different flavors
Liquid segment is expected to grow at fastest CAGR during the forecast period. This is attributed to increasing popularity of ready to drink beverages
Natural segment held largest share in the global market primarily due to increasing preference for health-conscious products and natural ingredients.
Food and beverages segment is accounting largest revenue in the global market. This is linked to growing population and changing lifestyles
North America held the largest share as of 2022 due to intensifying preferences for organic products, rise in use of bitterness suppressors and flavor carriers extracts
The global players include: Cargill, Incorporated, Givaudan, International Flavors, Sensient Colors, Symrise, Firmenich, Kerry Group, and Senomyx.
Polaris Market Research has segmented the Bitterness Suppressors and Flavor Carriers market report based on category, form, flavor type, application, and region: