As per the reports and data analysis, the worldwide Liquid Flavor Enhancers Market had a worth of USD 6.6 billion in 2019, and it is anticipated to reach USD 11.5 billion by 2027, at a CAGR of 6.5%. Flavor enhancers, as defined by the Food and Drug Administration (FDA), refer to the substances that do not have a distinct flavor or taste of their own but enhance and improve the flavors of the foods they are added to. The same meaning is also attributed to the term "flavor potentiator." The frequently used substances falling under this category are monosodium L-glutamate (MSG), disodium 5'-inosinate (IMP), and disodium 5'-guanylate (GMP).

The expansion of the global beverage industry, an upswing in demand for convenience food, evolving consumer lifestyles, and an increase in the number of sensory-oriented consumers across the world are the driving factors behind the growth of the segment. The global Liquid Flavor Enhancers Market is likely to experience growth due to the introduction of new food products that use natural ingredients and coloring pigments. Moreover, manufacturers are being influenced to incorporate more natural flavors in their offerings owing to technological advancements, growing demand for clean label products, and strict regulations on synthetic enhancers. The increased usage of natural flavor enhancers in the food processing industry is a crucial factor propelling the Liquid Flavor Enhancers Market's growth.

Top Companies Operating in the Global Liquid Flavor Enhancers Market Report:

Tate & Lyle PLC, Cargill, Corbion N.V., Associated British Foods plc, Sensient Technologies, ADM, Novozymes A/S, E.I. Dupont, Angel Yeast Co., Ltd, Innova Flavors, Savoury Systems International, Inc., Senomyx, Inc and Ajinomoto Co, Inc.

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Additional key findings from the report include:

• Glutamates, such as MSG, accounted for USD 1.36 billion in 2019, with Asia being the largest producer of glutamates, representing around 93% of the world's MSG production capacity. The main reasons behind its significant production in Asia are greater demand, an economic and abundant workforce, and its use in processed foods. The major glutamate manufacturers are Indonesia, China, Taiwan, Thailand, and Malaysia. China is the top manufacturer (66%), consumer (51%), and exporter (49%) of MSG globally, while Indonesia is the second-largest (15%) exporter of glutamates. The Middle East and Africa consumed 4%, Europe 3%, North America 2%, and Central and South America 2% of MSG, as reported by the FDA.
• Processed and convenience foods occupied a significant share of about 38.3% in the Liquid Flavor Enhancers Market among the application segments. Lactic acid and other flavor enhancers found in processed and convenience foods act as preservatives and help regulate microflora in food. These flavor enhancers are formed through the natural fermentation process in food products like pickled vegetables, cheese, and soy sauce
• The natural segment is growing rapidly, with a CAGR of 6.8% among the source segments. The increasing health awareness and demand for organic foods, as well as the rise in the buying power of the population, are driving the growth of this segment. Offering unique and tastier flavor enhancers would principally boost the demand in the global natural food Liquid Flavor Enhancers Market.
• The liquid segment is projected to grow at the fastest CAGR of 6.5% during the analysis period among the form segments. The factors driving the market include minimized ingredient loss, high consistency and uniformity, specification-oriented superior quality production, and excellent microbiological safety.
• North America held a market share of about 33.5% in the Liquid Flavor Enhancers Market in 2019. Well-established key market players and continued investments from manufacturers are likely to drive the market in North America during the forecast period.

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The global Liquid Flavor Enhancers Market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Based on Type, the market has been segmented as follows: (Revenue, USD Billion; 2017-2027)

• Glutamates
• Acidulants
• Hydrolyzed vegetable protein
• yeast extracts
• Others (sweetness enhancers and nucleotides)

Based on Application, the market has been segmented as follows: (Revenue, USD Billion; 2017-2027)

• Processed & convenience foods  
• Meat & fish products
• Beverages
• Bakery
• Confectionery products
• Dairy
• others

Based on Source, the market has been segmented as follows: (Revenue, USD Billion; 2017-2027)

• Natural
• Synthetic

Based on Form, the market has been segmented as follows: (Revenue, USD Billion; 2017-2027)

• Powder
• Liquid & semi-liquid

Notable Innovations In Liquid Flavor Enhancers Market:

1. Plant-based flavor enhancers: With the rise of veganism and the increasing concern for sustainability, plant-based flavor enhancers have become popular. Companies are using natural ingredients such as mushrooms, seaweed, and herbs to create unique and flavorful enhancers.
2. Clean label flavor enhancers: Consumers are becoming more aware of the ingredients in their food, leading to a demand for clean label products. Companies are using natural and organic ingredients to create flavor enhancers without any artificial additives or preservatives.
3. Fermentation-based flavor enhancers: Fermentation is a natural process that can enhance the flavors of food. Companies are using fermentation to create flavor enhancers such as lactic acid, which can also act as a preservative.

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