Global Flavors Market Growth 2023-2029

Global Flavors Market Growth 2023-2029

Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. While natural flavors is a kind of flavors with raw material of flowers, plant or animals.

LPI (LP Information)' newest research report, the “Flavors Industry Forecast” looks at past sales and reviews total world Flavors sales in 2022, providing a comprehensive analysis by region and market sector of projected Flavors sales for 2023 through 2029. With Flavors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flavors industry.

This Insight Report provides a comprehensive analysis of the global Flavors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flavors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Flavors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flavors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flavors.

The global Flavors market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Global Natural Flavors key players include Givaudan, WILD Flavors, Firmenich, Symrise, IFF, etc. Global top five manufacturers hold a share over 60%.

Asia-Pacific is the largest market, with a share over 30%, followed by North America and Europe, both have a share about 55%.

This report presents a comprehensive overview, market shares, and growth opportunities of Flavors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Natural Flavoring Substances

Nature-Identical Flavoring Substances

Artificial Flavoring Substances

Segmentation by application

Hard Candy, Cookies and Other Baked Goods

Soft Drinks, Beverages, Ice Cream, Other Cold Drink

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Apple F&F

Artsci Bio

Baihua F&F

Boton

Chunfa Bio-Tech

Firmenich

Frutarom

Givaudan

Hangman

Hodia Flavor

Huabao Group

Huayang F&F

IFF

Kerry

Mane

McCormick

Meiyi F&F

Prova

Robertet SA

Sensient Flavors

Shanghai Apple

Symrise

Synergy Flavor

T·Hasegawa

Takasago

Tianlihai Chem

Wanxiang International

WILD Flavors

Wincom F&F

Yingyang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Flavors market?

What factors are driving Flavors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Flavors market opportunities vary by end market size?

How does Flavors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.