Description
global Food Flavors Market
Product overview
Food flavors are materials derived from various sources that add taste and flavor to a food product. They are derived from different sources and are bifurcated into natural and artificial. Where, natural flavors are manufactured from edible sources such as fruits, leaves, and vegetables, artificial flavors are manufactured in labs by harmful chemicals which can have harmful ill effects on the human body.
Market Highlights
The food flavors market grew at USD 16.4 billion in 2020 and is projected to reach USD XXX billion by 2030, recording a CAGR of XX%. High demand for processed and comfort food, as well as increased consumption of bakery items, are propelling the growth of the food flavors market. New technological advancements and innovative experimenting also increase the market growth.
Global Food Flavors Market: Segments
Global Food Flavors Market can be segmented on the basis of type, origin, application, form, and region.
By Application, it can be further sub-segmented into food and beverages. Food can be categorized as dairy products, confectionery, bakery products, meat products, and beverages. The food and beverage sector is anticipated to have the highest revenue in the forecasted period due to the increased demand for soft drinks, nutritional drinks, and flavored drinks and fruit juices.
By Type it can be subcategorized as follows, Chocolate & brown, Vanilla, Fruit & nut, Dairy, Spices & savory and other flavors. Spices and savory are anticipated to have the highest growth in the market.
By Origin, it can be further divided into natural, natural-identical, and artificial. The natural identical flavoring is less expensive and gives a great opportunity for manufactures of flavors to increase market growth.
By Form, it can be sub-segmented into Liquid, gel, and dry. The gel form segment is highly effective and is demanded by many big food flavoring industries, which in turn increases the market growth.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
Global Food Flavors Market: Drivers and Restraints
Rise in population and awareness to increase the market growth
Increased population and their interest in the purchase of clean label goods with a wider scope for naturally sourced ingredients are expected to increase the demand for food flavors market. For meeting the increased demand, the production of artificial free flavors and natural ingredients production has increased. Usage of food flavors in both residential as well as commercial places is also a major growth driver of the market.
Legal obligation acts as a restraint in the market
The government has set up various regulatory standards in the usage of food flavors for the safety of consumers and thus it acts as a restraint in the food flavors market. Instability and high cost of flavors also hamper market growth.
Global Food Flavors Market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Global Food Flavors Market is expected to observe high growth in the European region because of the awareness about clean label goods with naturally sourced ingredients. APAC is likely to emerge as a key region during the forecasted period due to the high production level and growing population in developing countries such as India, China, and Japan.
Global Food Flavors Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Food Flavors market: Key players
International Flavors & Fragrances (IFF)
Business Strategy
Key Product offerings
Financial performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Firmenich
Frutaro
Givaudan
Mane
Robertet
Sensient
Symrise
T. Hasegawa
Takasago
Global Food Flavors Market report also contains analysis on:
Global Food Flavors Market segments:-
By Application
Food
Dairy products
Ice-cream
Other dairy products
Confectionery products
Chocolates
Other confectionery products
Bakery products
Meat products
Other applications
Beverages
Juice & juice concentrates
Functional drinks
Carbonated soft drinks
Other drinks
By Type
Chocolate & brown
Vanilla
Fruit & nut
Dairy
Spices & savory
Other flavors1
By Origin
Natural
Natural-identical
Artificial
By Form
Liquid & gel
Dry
FAQs on Food flavors market
Which segment is anticipated to hold the largest market share?
At what CAGR is the market anticipated to grow between 2020 and 2030?
Who are the key players in the Food flavors market?
What could be the challenging factors for the growth of Global Food Flavors Market?
What are the growth drivers for the Food flavors market?
Related Reports: Global Food Flavors Market Research Report- Forecast to 2023
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