According to Stratistics MRC, the Global Flavor Masking Agents Market is accounted for $211.95 million in 2020 and is expected to reach $383.67 million by 2028 growing at a CAGR of 7.7% during the forecast period. Factors such as increasing demand for processed foods, growing sports nutrition industry, and rising awareness regarding healthy diet are driving the growth of the market. However, effect of Covid-19 pandemic on the food and beverages industry is hampering the growth of the market.
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Based on the application, the pharmaceuticals and nutraceuticals segment is anticipated to expand at a rapid pace during the forecast period as the masking of unpleasant flavours in drugs would help to attain patient acceptability. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing adoption of western lifestyle and considerable young population in the region.
Some of the key players profiled in the Flavor Masking Agents Market include Cargill Inc, Archer Daniels Midland Company, DSM, Symrise AG, Roquette Freres, Keva Flavours Pvt Ltd, Carmi Flavour and Fragrance Co Inc , Firmenich International SA , Givaudan Flavours, Sensient Technologies LLC, FCI Flavours, and GEO Specialty Chemicals.
• Sweet Flavor Masking Agents
• Bitter Flavor Masking Agents
• Salt Flavor Masking Agents
• Fat Flavor Masking Agents
• Food & Beverages
• Pharmaceuticals and Nutraceuticals
Sales Channels Covered:
• Direct Sales/Business to Business
• Intermediate/Bulk Distributors
• Indirect Sales/Business to Customer
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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