Market Overview:
The global flavor additives and enhancers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for processed foods and beverages, rising disposable income, and changing lifestyle trends. In terms of type, the flavor additives segment is expected to dominate the global flavor additives and enhancers market during the forecast period. This can be attributed to their growing use in various applications such as food industry, household care products, etc.
Product Definition:
Flavor additives are chemicals that are used to improve the taste of food. They are added to foods to make them more palatable and can also be used to mask the taste of undesirable ingredients. Flavor enhancers are a type of flavor additive that is specifically designed to improve the taste of food. They work by enhancing certain flavors in the food and can make bland foods more flavorful. The importance of flavor additives and enhancers is largely due to the fact that they can improve the overall palatability of food, making it more enjoyable for consumers. This, in turn, can lead to increased consumption and improved nutrition.
Flavor Additives:
Flavor additives are the substances that enhance or add flavor to a product. They can be natural or artificial in nature and added directly to the end-product during its manufacturing process. Flavor enhancers on the other hand, are used as supplements along with flavorants so as to provide an enhanced taste experience.
The global flavor additives market is expected to witness significant growth over the forecast period owing to increasing demand for natural flavors.
Flavor Enhancers:
Flavor enhancers are additives that enhance the flavor of a product without changing its taste. They add to the aroma and taste of food products, beverages, and other consumables. Flavor enhancers can be natural or artificial in nature depending on their function and location of application. Natural flavor enhancers include essential oils such as lemon, orange peels, tangerine peel oil; herbs such as rosemary leaves; spices like cinnamon powder etc.
Application Insights:
The food industry was the largest application segment in 2016, accounting for over 60% of the overall market. The food and beverage manufacturing sector is growing significantly across the world owing to increasing consumer preference for products flavored with exotic ingredients. This has led to an increased demand for flavor additives in this sector.
Food manufacturers are particularly attracted by versatile product applications such as bakery, dairy and confectionery products that can be enhanced with natural flavors from different parts of the world, thereby enabling them to localize their offerings and cater to a more diverse set of consumers around the globe. Flavor enhancers used in these industries include vanillin (natural vanilla), ethyl vanillin (artificial vanilla), musk ambrette (musky odor) among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a potential consumer market for food products flavored with natural ingredients. Furthermore, increasing demand from countries such as India and China is anticipated to drive regional growth over the forecast period.
North America accounted for more than 20% of total revenue share in 2017 owing to high demand from end-use industries such as confectionery, beverage manufacturing, and others that are adopting innovative techniques flavored with natural ingredients extracts.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the flavor additives and enhancers market. Convenience foods are those that can be prepared or served quickly and easily, without much effort. They are generally preferred by busy people as they save time and energy. The increasing number of working women and young adults is driving the demand for convenience foods, which in turn is propelling the growth of the flavor additives and enhancers market.
- Rising disposable income: Another key factor that is fuelling the growth of this market is rising disposable income levels across regions worldwide. With more money at their disposal, consumers are increasingly spending on premium food products that offer better taste and flavor than regular fare. This has led to an increase in demand for flavor additives and enhancers, thereby boosting this market’s growth prospects significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flavor Additives and Enhancers Market Research Report
By Type
Flavor Additives, Flavor Enhancers
By Application
Food Industry, Household, Others
By Companies
Archer Daniels Midland, Bell Flavors and Fragrances Incorporated, Dallant S.A., International Flavors & Fragrances, Sensient Technologies, Givaudan SA, California Custom Fruits & Flavors, Prinova, Corbion N.V., Firmenich, Kerry Group, Koninklijke DSM N.V., Brenntag North America, Griffith Laboratories, Senomyx, Kikkoman Sales USA, Blue Star Flavors, Symrise AG, Bickford Flavors, WILD Flavors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Flavor Additives and Enhancers Market Report Segments:
The global Flavor Additives and Enhancers market is segmented on the basis of:
Types
Flavor Additives, Flavor Enhancers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Archer Daniels Midland
- Bell Flavors and Fragrances Incorporated
- Dallant S.A.
- International Flavors & Fragrances
- Sensient Technologies
- Givaudan SA
- California Custom Fruits & Flavors
- Prinova
- Corbion N.V.
- Firmenich
- Kerry Group
- Koninklijke DSM N.V.
- Brenntag North America
- Griffith Laboratories
- Senomyx
- Kikkoman Sales USA
- Blue Star Flavors
- Symrise AG
- Bickford Flavors
- WILD Flavors
Highlights of The Flavor Additives and Enhancers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flavor Additives
- Flavor Enhancers
- By Application:
- Food Industry
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flavor Additives and Enhancers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flavor additives and enhancers are chemicals or substances that are added to food products in order to improve their taste, smell, or appearance. These additives can be used in a variety of foods, including processed foods such as cookies and candy bars, meat products such as hot dogs and hamburgers, dairy products like ice cream and cheese sauce, and vegetables.
Some of the major companies in the flavor additives and enhancers market are Archer Daniels Midland, Bell Flavors and Fragrances Incorporated, Dallant S.A., International Flavors & Fragrances, Sensient Technologies, Givaudan SA, California Custom Fruits & Flavors, Prinova, Corbion N.V., Firmenich, Kerry Group, Koninklijke DSM N.V., Brenntag North America, Griffith Laboratories, Senomyx, Kikkoman Sales USA, Blue Star Flavors, Symrise AG, Bickford Flavors, WILD Flavors.
The flavor additives and enhancers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flavor Additives and Enhancers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flavor Additives and Enhancers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flavor Additives and Enhancers Market - Supply Chain
4.5. Global Flavor Additives and Enhancers Market Forecast
4.5.1. Flavor Additives and Enhancers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flavor Additives and Enhancers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flavor Additives and Enhancers Market Absolute $ Opportunity
5. Global Flavor Additives and Enhancers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flavor Additives and Enhancers Market Size and Volume Forecast by Type
5.3.1. Flavor Additives
5.3.2. Flavor Enhancers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flavor Additives and Enhancers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flavor Additives and Enhancers Market Size and Volume Forecast by Application
6.3.1. Food Industry
6.3.2. Household
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flavor Additives and Enhancers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flavor Additives and Enhancers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flavor Additives and Enhancers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flavor Additives and Enhancers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flavor Additives and Enhancers Demand Share Forecast, 2019-2026
9. North America Flavor Additives and Enhancers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flavor Additives and Enhancers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flavor Additives and Enhancers Market Size and Volume Forecast by Application
9.4.1. Food Industry
9.4.2. Household
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flavor Additives and Enhancers Market Size and Volume Forecast by Type
9.7.1. Flavor Additives
9.7.2. Flavor Enhancers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flavor Additives and Enhancers Demand Share Forecast, 2019-2026
10. Latin America Flavor Additives and Enhancers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flavor Additives and Enhancers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flavor Additives and Enhancers Market Size and Volume Forecast by Application
10.4.1. Food Industry
10.4.2. Household
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flavor Additives and Enhancers Market Size and Volume Forecast by Type
10.7.1. Flavor Additives
10.7.2. Flavor Enhancers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flavor Additives and Enhancers Demand Share Forecast, 2019-2026
11. Europe Flavor Additives and Enhancers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flavor Additives and Enhancers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flavor Additives and Enhancers Market Size and Volume Forecast by Application
11.4.1. Food Industry
11.4.2. Household
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flavor Additives and Enhancers Market Size and Volume Forecast by Type
11.7.1. Flavor Additives
11.7.2. Flavor Enhancers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flavor Additives and Enhancers Demand Share, 2019-2026
12. Asia Pacific Flavor Additives and Enhancers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flavor Additives and Enhancers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flavor Additives and Enhancers Market Size and Volume Forecast by Application
12.4.1. Food Industry
12.4.2. Household
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flavor Additives and Enhancers Market Size and Volume Forecast by Type
12.7.1. Flavor Additives
12.7.2. Flavor Enhancers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flavor Additives and Enhancers Demand Share, 2019-2026
13. Middle East & Africa Flavor Additives and Enhancers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flavor Additives and Enhancers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flavor Additives and Enhancers Market Size and Volume Forecast by Application
13.4.1. Food Industry
13.4.2. Household
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flavor Additives and Enhancers Market Size and Volume Forecast by Type
13.7.1. Flavor Additives
13.7.2. Flavor Enhancers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flavor Additives and Enhancers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flavor Additives and Enhancers Market: Market Share Analysis
14.2. Flavor Additives and Enhancers Distributors and Customers
14.3. Flavor Additives and Enhancers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Archer Daniels Midland
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bell Flavors and Fragrances Incorporated
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dallant S.A.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. International Flavors & Fragrances
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sensient Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Givaudan SA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. California Custom Fruits & Flavors
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Prinova
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Corbion N.V.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Firmenich
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kerry Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Koninklijke DSM N.V.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Brenntag North America
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Griffith Laboratories
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Senomyx
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kikkoman Sales USA
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Blue Star Flavors
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Symrise AG
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Bickford Flavors
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. WILD Flavors
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
