Flavor Enhancer Market Size, Industry Trend, Share And 2024 Forecasts

By Author: MRFR
Total Articles: 152
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Flavor Enhancer Market Highlights:

Flavor Enhancer is organic chemical compound containing formyl group. Flavor Enhancer is classified as formFlavor Enhancer, acetFlavor Enhancer, butyrFlavor Enhancer, benzFlavor Enhancer, propionFlavor Enhancer and others. Out of this, formFlavor Enhancer and acetFlavor Enhancer are two most important family members in Flavor Enhancer market.

Rising applications of Flavor Enhancer across various industry is driving the Flavor Enhancer market demand.
According to remainder of molecular apart, Flavor Enhancer possesses diverse and volatile nature.

Flavor Enhancer Market Players:

BASF SE (Germany), Huntsman Corporation (U.S), Celanese Corporation (U.S), Georgia Pacific Corporation (U.S), Gujarat Alkalies And Chemicals Limited (India), Simalin Chemicals Industries Limited (India), Eastman Chemical Company (U.S), Sinopec Corporation (China), China National Petroleum Corporation (China), Sumitomo Corporation (Japan) and others.

Each of these Flavor Enhancers are used for different applications according to various properties it possesses. Growing industrial applications, Flavor Enhancers are extensively used in medical and manufacturing of downstream chemicals. It acts as precursor to various chemical such as acids, alcohols and resins etc.

Segments:

Flavor Enhancer Market is majorly segmented on the basis of product type and application. Based on product type, Flavor Enhancer market is segmented into formFlavor Enhancer, acetFlavor Enhancer, butyrFlavor Enhancer, benzFlavor Enhancer, propionFlavor Enhancer and others. Based on application of Flavor Enhancer, the market is segmented into pharmaceuticals, soaps & detergents, medical disinfectants, plastic additives, agrochemicals, industrial applications.

On basis of product type, Flavor Enhancer is segmented as formFlavor Enhancer, acetFlavor Enhancer, butyrFlavor Enhancer, benzFlavor Enhancer, propionFlavor Enhancer and others. FormFlavor Enhancer consumes highest market share in Flavor Enhancer. Owing to use of formFlavor Enhancer in medical applications such as disinfectant as it kills microbes and bacteria is driving the Flavor Enhancer market demand growth in coming years. It is also used in producing resins such as urea, melamine and phenol.

Growing use of Urea resins in agrochemicals is expected to drive the Flavor Enhancer market over the forecasted period. AcetFlavor Enhancer is second largest segment in Flavor Enhancer market. The acetFlavor Enhancer market is driven by use in production of acetic acid which is extensively used in various end user industries. Also, acetFlavor Enhancer is used in plasticizer in plastic industry and as a paint binder in paints & coating industry. Owing to its growing applications, acetFlavor Enhancer is higher on demand in developing regions owing to growing paints & coating industry and pharmaceutical industry.

Regions:

The Asia-Pacific Flavor Enhancer market is expected to grow due to growing application industry. China consumes largest market share in global Flavor Enhancer market. The report estimates the size of the Flavor Enhancer market both in terms of volume and value. China, India, Brazil and Indonesia are expected to drive the market demand owing robust industry growth.

Rapid industrialization and huge demand from agriculture industry for urea and other agrochemicals is likely to drive the Flavor Enhancer market growth. Europe witnessed a positive growth owing to use of acetFlavor Enhancer for production of plasticizer in plastic industry is expected to drive the use in automobile industry. North America are expected to witnessed a steady growth owing to stringent regulation for producing synthetic Flavor Enhancer. Major players in these are shifting towards eco-friendly products which is easily available and lower in cost.

Intended Audiences:

Flavor Enhancer manufacturers
Traders and distributors of Flavor Enhancer
Production Process industries
Potential investors
Raw material suppliers
Nationalized laboratory