The global food flavors market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The market is driven by the increasing demand for processed foods and beverages, which in turn has led to an increase in demand for flavor additives such as natural and artificial flavors. The growing popularity of ethnic cuisines across the globe has also contributed to the growth of this market. The global food flavors market is segmented on the basis of type, application, and region. On the basis of type, it can be classified into chocolate, vanilla, fruits & nuts; on application it can be classified into beverages (soft drinks), savory & snacks (chips), bakery & confectionery (cookies); and on region it can be classified into North America (US), Latin America (Mexico), Europe (UK), Asia Pacific (China) and Middle East & Africa.
Some Of The Growth Factors Of This Market:
- The global population is increasing and the demand for food is growing.
- The world's population is expected to reach 9 billion by 2050, which will increase the demand for food production.
- There are many new flavors being introduced to the market, such as spicy, sweet and sour, or salty and savory flavors that are not traditionally found in Western cuisine but are popular in other parts of the world such as Asia or Africa.
- Consumers have a greater awareness of what they eat and how it affects their health which has led to an increased interest in healthier eating habits including more plant-based foods with less sugar and fat content than animal products like meat or dairy products which can lead to a reduced risk of obesity, heart disease, diabetes etc, all of which can be attributed to flavor preferences changing over time due to these health concerns.
- There has been an increased interest in ethnic cuisines from countries like India or Thailand that use spices like turmeric or ginger that have been shown to have anti-inflammatory properties.
Industry Growth Insights published a new data on “Food Flavors Market”. The research report is titled “Food Flavors Market research by Types (Chocolate, Vanilla, Fruits & Nuts, Others), By Applications (Beverages, Savory & Snacks, Bakery & Confectionery), By Players/Companies SYMRISE, FRUTAROM INDUSTRIES, GIVAUDAN, INTERNATIONAL FLAVORS & FRAGRANCES, KERRY, SENSIENT TECHNOLOGIES, FIRMENICH, V. MANE FILS, WILD FLAVORS”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Flavors Market Research Report
By Type
Chocolate, Vanilla, Fruits & Nuts, Others
By Application
Beverages, Savory & Snacks, Bakery & Confectionery
By Companies
SYMRISE, FRUTAROM INDUSTRIES, GIVAUDAN, INTERNATIONAL FLAVORS & FRAGRANCES, KERRY, SENSIENT TECHNOLOGIES, FIRMENICH, V. MANE FILS, 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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Food Flavors Market Report Segments:
The global Food Flavors market is segmented on the basis of:
Types
Chocolate, Vanilla, Fruits & Nuts, Others
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
Beverages, Savory & Snacks, Bakery & Confectionery
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:
- SYMRISE
- FRUTAROM INDUSTRIES
- GIVAUDAN
- INTERNATIONAL FLAVORS & FRAGRANCES
- KERRY
- SENSIENT TECHNOLOGIES
- FIRMENICH
- V. MANE FILS
- WILD FLAVORS
Highlights of The Food Flavors 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:
- Chocolate
- Vanilla
- Fruits & Nuts
- Others
- By Application:
- Beverages
- Savory & Snacks
- Bakery & Confectionery
- 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 Food Flavors 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?
Food flavors are the various chemicals and compounds that give food its characteristic taste.
Some of the major players in the food flavors market are SYMRISE, FRUTAROM INDUSTRIES, GIVAUDAN, INTERNATIONAL FLAVORS & FRAGRANCES, KERRY, SENSIENT TECHNOLOGIES, FIRMENICH, V. MANE FILS, WILD FLAVORS.
The food flavors market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavors 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. Food Flavors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Flavors Market - Supply Chain
4.5. Global Food Flavors Market Forecast
4.5.1. Food Flavors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Flavors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Food Flavors Market Absolute $ Opportunity
5. Global Food Flavors 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. Food Flavors Market Size and Volume Forecast by Type
5.3.1. Chocolate
5.3.2. Vanilla
5.3.3. Fruits & Nuts
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Food Flavors 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. Food Flavors Market Size and Volume Forecast by Application
6.3.1. Beverages
6.3.2. Savory & Snacks
6.3.3. Bakery & Confectionery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Food Flavors 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. Food Flavors 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 Food Flavors 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. Food Flavors 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 Food Flavors Demand Share Forecast, 2019-2029
9. North America Food Flavors 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 Food Flavors 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 Food Flavors Market Size and Volume Forecast by Application
9.4.1. Beverages
9.4.2. Savory & Snacks
9.4.3. Bakery & Confectionery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Food Flavors Market Size and Volume Forecast by Type
9.7.1. Chocolate
9.7.2. Vanilla
9.7.3. Fruits & Nuts
9.7.4. Others
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 Food Flavors Demand Share Forecast, 2019-2029
10. Latin America Food Flavors 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 Food Flavors 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 Food Flavors Market Size and Volume Forecast by Application
10.4.1. Beverages
10.4.2. Savory & Snacks
10.4.3. Bakery & Confectionery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Food Flavors Market Size and Volume Forecast by Type
10.7.1. Chocolate
10.7.2. Vanilla
10.7.3. Fruits & Nuts
10.7.4. Others
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 Food Flavors Demand Share Forecast, 2019-2029
11. Europe Food Flavors 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 Food Flavors 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 Food Flavors Market Size and Volume Forecast by Application
11.4.1. Beverages
11.4.2. Savory & Snacks
11.4.3. Bakery & Confectionery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Food Flavors Market Size and Volume Forecast by Type
11.7.1. Chocolate
11.7.2. Vanilla
11.7.3. Fruits & Nuts
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growt 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 Food Flavors Demand Share, 2019-2029
12. Asia Pacific Food Flavors 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 Food Flavors 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 Food Flavors Market Size and Volume Forecast by Application
12.4.1. Beverages
12.4.2. Savory & Snacks
12.4.3. Bakery & Confectionery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Food Flavors Market Size and Volume Forecast by Type
12.7.1. Chocolate
12.7.2. Vanilla
12.7.3. Fruits & Nuts
12.7.4. Others
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 Food Flavors Demand Share, 2019-2029
13. Middle East & Africa Food Flavors 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 Food Flavors 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 Food Flavors Market Size and Volume Forecast by Application
13.4.1. Beverages
13.4.2. Savory & Snacks
13.4.3. Bakery & Confectionery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Food Flavors Market Size and Volume Forecast by Type
13.7.1. Chocolate
13.7.2. Vanilla
13.7.3. Fruits & Nuts
13.7.4. Others
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 Food Flavors Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Food Flavors Market: Market Share Analysis
14.2. Food Flavors Distributors and Customers
14.3. Food Flavors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SYMRISE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. FRUTAROM INDUSTRIES
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GIVAUDAN
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. KERRY
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SENSIENT TECHNOLOGIES
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FIRMENICH
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. V. MANE FILS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. WILD FLAVORS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook