Food Flavor Market, By Category (Synthetic, Natural), By Flavor Type (Chocolate, Vanilla, Fruit & Nut, Spices, Others), By Application (Beverages, Food), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Flavors are the distinctive characteristics of food and drink, and they can make the difference between a meal that is just palatable or one that is a memorable experience. The flavor of a food or beverage is created by a combination of its taste and aroma. Foods that are more recognizable have more complex flavors, while foods that are bland and unremarkable typically have fewer flavor compounds.
Market Dynamics:
The food flavors market is driven by high demand for novel tastes from the food & beverages industries and ongoin innovation. The market is also witnessing strong growth on the account of heavy inflow of investments into R&D activities. Moreover, rising awareness of health & wellness among consumers is again driving growth of the global food flavors market. People are increasingly opting for clean-label foods that are free of additives and other harmful chemicals. Furthermore, increasing consumption of ready-to-eat meals and fast foods due to changing lifestyles and a hectic work schedule is further projected to augment market growth.
On the other hand, strict food regulations is expected to hamper the market growth.
Key features of the study:
This report provides in-depth analysis of the global food flavors market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global food flavors market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Givaudan SA, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, T. Hasegawa Co., Ltd., Kerry Group, Mane SA, and Huabao International Holdings Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global food flavors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food flavors market
Detailed Segmentation:
Global Food Flavor Market, By Category
Synthetic
Natural
Global Food Flavor Market, By Flavor Type
Chocolate
Vanilla
Fruit & Nut
Spices
Others
Global Food Flavor Market, By Application
Beverages
Food
Global Food Flavor Market, By Region
North America
Europe
Asia Pacific
Rest of World
Company Profiles
Givaudan SA
International Flavors & Fragrances Inc.
Firmenich SA
Symrise AG
Takasago International Corporation
Sensient Technologies Corporation
Hasegawa Co., Ltd.
Kerry Group
Mane SA
Huabao International Holdings Limited