India Food Flavor and Enhancer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Food Flavor and Enhancer Market Analysis
The Indian food flavor and enhancer market is projected to register a CAGR of 3.5% during the forecast period.
The increasing demand for food flavors in processed food products is driving market growth as the food processing industry in India is one of the largest in terms of production, consumption, and import. Due to the prevalence of diverse cultures in India, there is also a huge variety of food cooked in this country, which requires food flavors and enhancers to make the food taste better. There is increased use of spices and herbs in the Indian food culture, leading to an evergreen demand for food flavors in India. The growing demand for a diverse mix of herbs and spices is mostly related to the increasing popularity of ethnic packaged foods, healthy foods, and the growing consumption of convenience, processed, and ready-to-eat dishes.
During the forecast period, the demand for food flavor enhancers is anticipated to be the highest in the foodservice/HoReCa sector. The manufacturing of snacks, savories, and seasoning products will increasingly use food flavor enhancers, which is projected to contribute to the industry's continued expansion. Snack consumption and seasoning production are both rising quickly. Manufacturers are introducing cutting-edge and innovative products in this market category to attract more consumers. Market players are mostly concentrating on producing flavor enhancers for the vegan community. They hope to introduce flavor enhancers that will improve the juiciness and savoriness of vegetarian food products.
India Food Flavor and Enhancer Market Trends
Increased Production of Processed Foods Using Indian Flavors
Indian food has a huge application of herbs and spices, like chilies, asafoetida, and cinnamon, which are used as food flavors and enhancers. Recently, food flavors like coriander, ginger, and garlic powder had a huge demand in the Indian kitchen. With the increase in the working population, the need for processed and ready-made food products associated with interesting flavors and enhanced taste is on the rise. Companies producing snack food items, like chips, instant noodles, biscuits, and others, demand food flavors and enhancers to differentiate their product from the competitors. Chocolate is also being used as a flavor in various products, like ice creams, cakes, and Indian sweets, by sweet and snack shops, confectionaries, and restaurants. At the same time, some synthetic flavor enhancers include tartaric acid, monosodium glutamate (MSG), and potassium chloride. According to research articles in the Encyclopedia of Food Chemistry, bananas and grapes contain tartaric acid, which has been shown to improve the flavor of beverages with grape flavors. For instance, in April 2022, the world's largest manufacturer of naturally brewed soy sauce, Kikkoman Corporation, announced the debut of its new 100% vegetarian Kikkoman Oyster Flavoured Sauce in India. This sauce is suited for both vegetarians and non-vegetarians.
India is one of the major exporters and consumers of spices globally, with a market share of 46% by the Spice Board of India, thereby commanding a dominating position in the world spice trade. This country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO).
The market for clean-label ingredients has grown as consumers' preferences for novel flavors, convenience, and natural elements have increased. The necessity for integrating natural tastes into various applications has increased due to rising consumer demand for processed food and expectations for safer and healthier components. The manufacturers are also adding new natural tastes that can enhance the product's nutritional and sensory profile. Natural products are becoming more popular due to their organic qualities and health-improving qualities of natural flavors.
For instance, in May 2022, with a cutting-edge R&D facility and a production line with a 150 MT monthly capacity that is outfitted with the most modern equipment designed for making plant-based products, Symega is well-positioned to meet the expanding demand for plant-based foods in both India and beyond. A major producer of seasonings, culinary products, flavors, and natural colors, Symega Food Ingredients announced the opening of a factory in Kochi with a focus on producing plant-based proteins as well.
Increased Consumers Willingness to Experiment with New Flavors
This trend has led to increased sales where the consumers have higher disposable incomes and are willing to spend on non-essential sophisticated products across food categories. For instance, unusual flavor combinations, such as chili chocolate, are increasingly being used in chocolates and dark chocolate. With increased regulations on organic and herbal food flavors and enhancers, companies are shifting toward producing natural food flavors and enhancers, which has led to an increase in the revenues of Indian companies engaged in food flavors and enhancers.
The consumption of noodles and RTE instant noodles is increasing rapidly in India due to the busy lifestyles and growing need for convenience food. A combination of glutamates and nucleotides improves the noodles' flavor. For instance, DSM (Koninklijke DSM NV) operates in India and provides a range of food enhancers under its brand Multirome for its application in noodles. In India, the growing trend of Asian cuisine, especially Chinese cuisine, which provides umami flavor through monosodium glutamate in noodles, is expected to boost the market during the forecast period. Therefore, such factors act as major drivers for the food flavor and enhancer market in India.
India Food Flavor and Enhancer Industry Overview
Leading manufacturers in the food flavor and enhancer market are leveraging opportunities to expand their revenue bases. The companies are focusing on developing innovative and interesting product combinations of natural flavor and color. The key brands are embarking on mergers and acquisitions as their key strategies to achieve consolidation and optimize their offerings. Some of the major players in the market are Givaudan, Firmenich SA, Kerry Group PLC, Symrise AG, and International Flavors & Fragrances Inc. Key players in the market have diversified product portfolios with state-of-art manufacturing and distribution facilities and advanced technologies to cater to the demand for a variety of flavoring solutions in the growing market
India Food Flavor and Enhancer Market Leaders
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Givaudan
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Firmenich
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International Flavors & Fragrances, Inc.
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Symrise AG
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Kerry Group plc
*Disclaimer: Major Players sorted in no particular order
India Food Flavor and Enhancer Market News
- In November 2022, Mane SA announced the launch of a flavor innovation center in Hyderabad. The innovation center is in the Hitech City, spread out over 13,900 sq. ft, and will concentrate on end-to-end taste development to serve the food and beverage markets in India and other Asia-Pacific regions.
- In September 2022, Griffith Foods offered a unique range of sauces. Griffith Foods, a well-known US company that produces premium marinades, spices, textures and coatings, soups, and dough blends, announced its plans to introduce an intriguing variety of sauces, dressings, and other products to the Indian market. Griffith Foods has specialization in a variety of high-quality and cutting-edge food ingredients for the food industry.
- In May 2022, at the AAHAR-International Food and Hospitality Expo, Pragati Maidan, New Delhi, Symega Food Ingredients Ltd launched "Cuisinary," a line of high-quality culinary solutions, including spices, sauces, coatings, and flavor enhancers for commercial kitchens. Seasonings, coatings, sprinklers, flavor bursts, spice mixes and powders, marinades, cooking sauces, mayonnaise, and dressings are all part of the culinary spectrum.
India Food Flavor and Enhancer Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Natural Flavor
5.1.2 Synthetic Flavor
5.1.3 Nature Identical Flavoring
5.1.4 Flavor Enhancers
5.2 Application
5.2.1 Dairy
5.2.2 Bakery
5.2.3 Confectionery
5.2.4 Processed Food
5.2.5 Beverage
5.2.6 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Givaudan
6.3.2 International Flavors & Fragrances Inc.
6.3.3 Firmenich SA
6.3.4 Kerry Group PLC
6.3.5 Flavaroma Flavours and Fragrances Pvt. Ltd
6.3.6 Flavors India (P) Ltd
6.3.7 Sonarome
6.3.8 BASF SE
6.3.9 Symega Food Ingredients Ltd
6.3.10 Symrise AG
6.3.11 Mane SA
6.3.12 Griffith Foods
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
India Food Flavor and Enhancer Industry Segmentation
A food flavor and enhancer can be defined as a flavoring agent, like a food additive, being utilized to enhance the food's texture, color, taste, or smell. India's food flavor and enhancer market is segmented into type and application. By type, the market is segmented into natural flavor, synthetic flavor, nature-identical flavoring, and flavor enhancers. By application, the market is segmented into dairy, bakery, confectionery, processed food, beverage, and other applications. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Type | |
| Natural Flavor | |
| Synthetic Flavor | |
| Nature Identical Flavoring | |
| Flavor Enhancers |
| Application | |
| Dairy | |
| Bakery | |
| Confectionery | |
| Processed Food | |
| Beverage | |
| Other Applications |
India Food Flavor and Enhancer Market Research FAQs
What is the current India Food Flavor and Enhancer Market size?
The India Food Flavor and Enhancer Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in India Food Flavor and Enhancer Market?
Givaudan, Firmenich, International Flavors & Fragrances, Inc., Symrise AG and Kerry Group plc are the major companies operating in the India Food Flavor and Enhancer Market.
What years does this India Food Flavor and Enhancer Market cover?
The report covers the India Food Flavor and Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Food Flavor and Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Food Flavor and Enhancer in India Industry Report
Statistics for the 2024 Food Flavor and Enhancer in India market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Food Flavor and Enhancer in India analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
