Australia Flavor Enhancer Market Report and Forecast 2024-2032

Australia Flavor Enhancer Market Outlook

The Australia flavor enhancer market size was valued at USD 144.8 million in 2023. The market is further projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of USD 209.3 million by 2032.

Key Takeaways

• The Australia flavor enhancer market growth is driven by the increasing demand for convenience food products, such as instant soups, sauces, noodles, and baked goods and the reluctance of consumers to compromise on flavor.

• In Australia, the regulations for the use of flavor enhancers in food products are stringent and overseen by Food Standards Australia New Zealand (FSANZ).

• The specific flavor enhancers that are approved for use in food products in Australia include monosodium glutamate (MSG) and other permitted glutamate food additives with food additive code numbers 622 – 625.

Consumers are increasingly seeking products with clear labels and natural ingredients, leading to an increase in demand for natural taste enhancers made from plant-based sources. Major food companies have assured to restrict the use of artificial additives and flavors from their product formulations, portraying a promising future for clean label flavors in the forecast period. Additionally, companies are expanding their facilities to procure new flavors from regional sources to introduce new flavor ingredient lines, aiding the Australia flavor enhancer market growth.

Growing demand for speciality dairy products such as feta cheese has increased the need for dairy-derived flavors. These flavors offer the ability to reduce manufacturing costs and provide distinct flavor profiles such as creamy, buttery, and cheesy, increasing the profitability margin of the final product.

Acidulants are used to add a sour taste to food and beverages. They also act as preservatives, preventing the growth of bacteria and extending the shelf life of products. Nucleotides are flavor enhancers that enhance the umami taste of food. They are often used in combination with glutamates to create a more robust and complex flavor profile.

As per Australia flavor enhancer market analysis, glutamates are the most influential segment, and they are used to enhance the savoury taste of food and are often found in high concentrations in processed foods and snacks.

Yeast extracts are used in soups, sauces, and seasonings to add depth and complexity to the flavor profile. On the other hand, hydrolysed vegetable proteins are used to enhance the savoury taste of food are often used in vegetarian and vegan products to add a meaty or savoury flavor. Additionally, flavor enhancers like benzoates and nitrates are also approved for use in food products in Australia to enhance the existing characteristic flavors in foods.

Market Segmentation

Australia Flavor Enhancer Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Acidulants

• Nucleotides 

• Glutamates

• Yeast Extracts  

• Hydrolysed Vegetable Proteins

• Others 

Market Breakup by Source

• Synthetic  

• Natural

Market Breakup by Form 

• Semi-Liquid and Liquid 

• Powder 

Market Breakup by Application 

• Processed Convenience Foods  

• Meat and Fish Products

• Beverages

• Pet Food 

• Others 

Market Breakup by Distribution Channel

• Online

• Offline

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

Competitive Landscape

Market players are focused on emphasising on offering natural flavor enhancers due to the increasing demand for clean-label and natural food and beverage products.

• Australian Food Ingredient Suppliers     

• Halcyon Proteins Pty Ltd    

• Frutex Australia Pty Ltd      

• Firmenich Pty Ltd. 

• The Product Makers (Australia) Pty Ltd 

• Others

Key Highlights of the Report