The global flavor carriers market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Flavor carriers are either the natural or the artificially derived solvents used for extracts and flavors. The ever-growing food and beverages industry is considered to be the primary driver of market growth. It is majorly due to the fact that these carriers are widely used in various food and beverages to enhance shelf life, sweetness, as well as their texture. In addition to this, flavor carriers provide solubility to flavoring compounds and are also used as a processing aid in humectant processing. Another subfactor contributing to the market growth includes the growing market of alcoholic and non-alcoholic beverages all around the globe.
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The flavor carriers are notably the widely used agents in most alcoholic as well as non-alcoholic beverages, which due to latter demand surges the flavor carriers’ consumption within them. Flavor carriers work as food additives, processing aids, humectants, carriers, and solvents that replace maltodextrin in non-soluble applications. Flavor carriers are considered to be an ideal alternative for petroleum-based additives and carriers, since these lower water activity, improve humectant, and most significantly, have anti-bacterial properties. Flavor carriers can be used as heat stabilizers in food and beverages products. All these favorable properties of flavor carriers drive its adoption across major end-users which further contributes to the overall market growth.
Some key players operating in the market include Givaudan SA, International Flavors & Fragrances Inc., Symrise, Kerry Inc., Sensient Technologies Corp., among others. These players are aiming to strengthen their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launches and development in the existing product portfolio, and so on.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Givaudan SA, International Flavors & Fragrances Inc., Symrise, Kerry Inc., Sensient Technologies Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Flavor Carriers Market by Segment
By Type
- Flavor Emulsion
- Cloud Emulsion
By Source
- Acacia Gum
- Modified Starch
By Application
- Non-Alcoholic
- Alcoholic
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