Market Overview:
The global flavors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for convenience foods and changing consumer preferences. In terms of type, the super absorbent polymers (SAP) segment is expected to grow at a CAGR of 6.1% from 2018 to 2030, while the polyacrylates segment is projected to grow at a CAGR of 4.8%.
Product Definition:
Flavor is the perceived taste and smell of a food or other substance. The important of flavors is that it can affect how foods taste, how much people enjoy eating them, and even how nutritious they are.
Super Absorbent Polymers(SAP):
Super Absorbent Polymers (SAP) is a class of polymers with superior water holding capacity. SAP has been used in various end-use industries such as personal care, agriculture and construction. The growth factor for the market is its ability to be easily processed, molded & shaped into any form required by the application industry and its cost effectiveness when compared to other substitutes available in the market.
Polyacrylates:
Polyacrylates are a group of thermoplastic polymers with acrylate groups. They have high molecular weight and are cross-linked by means of an acrylic acid polymer. The product is available in various forms including dispersions, emulsions, solutions & pastes in water or alcohol solvents.
Application Insights:
The detergent cobuilder application segment led the global flavors market in 2017 and is projected to expand at a steady CAGR over the forecast period. The rising demand for liquid detergents across the globe is expected to drive product consumption in this application segment. SAP, which predominantly finds applications in liquid detergents, is likely to be one of the major flavors consumed by manufacturers of consumer products such as electronic equipment and clothing.
Flavors are also used extensively by water treatment companies as they help improve quality of water through various processes such as filtration, disinfection or desalination process using solar or chemical energy. Increasing investments made by governments for improving access to safe drinking water supplies across various regions are anticipated to boost product demand during upcoming years.
Other applications include food manufacturing industry where it is used for flavoring foods & beverages like ice cream, chocolate bars among others produced under extreme temperature conditions (low & high).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high demand for flavored water and functional beverages among consumers. In addition, rising concerns regarding obesity are driving consumers towards healthy drinks such as flavored waters, which will drive growth further.
Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due to increasing product launches in countries such as China and India along with growing consumer awareness about health benefits associated with these products over other conventional counterparts such as carbonated soft drinks and sports drinks/juices. Furthermore, rising disposable income levels coupled with changing lifestyles has led people towards adopting new beverage patterns which include consumption of flavoured water or fruit juices on regular occasions; this factor will also boost demand for flavors in APAC during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increased demand for convenient foods that are easy to prepare and can be consumed on the go. This is providing a major boost to the flavors market as manufacturers are increasingly incorporating flavors into their products in order to make them more appealing and convenient for consumers.
- Rising popularity of ethnic cuisine: A growing number of people are becoming interested in exploring different types of cuisine, particularly those from other cultures. This is fueling demand for flavors that reflect various ethnic traditions, thereby propelling the growth of the flavors market.
- Growing preference for natural ingredients: There is a growing preference among consumers for natural ingredients over artificial ones, as they perceive them as being healthier and more sustainable. This is benefiting the growth of the flavors market as manufacturers are increasingly incorporating natural flavor extracts into their products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flavors Market Research Report
By Type
Super Absorbent Polymers(SAP), Polyacrylates, Detergent Cobuilders, Others
By Application
Chemical, Water Treatment, Detergent, Others
By Companies
BASF, DuPont, Nippon Shokubai, Arkema, LG Chem, Mitsubishi Chemical, Idemitsu Kosan, Hexion, Sasol, Formosa Plastics, Taixing Jurong Chemical, Zhejiang Satellite Petro Chemical, Shanghai Huayi Acrylic Acid, Sanmu Group, Shandong kaitai petrochemical, CNOOC
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Flavors Market Report Segments:
The global Flavors market is segmented on the basis of:
Types
Super Absorbent Polymers(SAP), Polyacrylates, Detergent Cobuilders, 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
Chemical, Water Treatment, Detergent, 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:
- BASF
- DuPont
- Nippon Shokubai
- Arkema
- LG Chem
- Mitsubishi Chemical
- Idemitsu Kosan
- Hexion
- Sasol
- Formosa Plastics
- Taixing Jurong Chemical
- Zhejiang Satellite Petro Chemical
- Shanghai Huayi Acrylic Acid
- Sanmu Group
- Shandong kaitai petrochemical
- CNOOC
Highlights of The 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:
- Super Absorbent Polymers(SAP)
- Polyacrylates
- Detergent Cobuilders
- Others
- By Application:
- Chemical
- Water Treatment
- Detergent
- 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 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?
Flavors is a mobile app that connects food lovers with local restaurants. It offers users a personalized dining experience by recommending nearby restaurants based on their preferences and location.
Some of the key players operating in the flavors market are BASF, DuPont, Nippon Shokubai, Arkema, LG Chem, Mitsubishi Chemical, Idemitsu Kosan, Hexion, Sasol, Formosa Plastics, Taixing Jurong Chemical, Zhejiang Satellite Petro Chemical, Shanghai Huayi Acrylic Acid, Sanmu Group, Shandong kaitai petrochemical, CNOOC.
The flavors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flavors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flavors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flavors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flavors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flavors Market Size & Forecast, 2020-2028
4.5.1 Flavors Market Size and Y-o-Y Growth
4.5.2 Flavors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Super Absorbent Polymers(SAP)
5.2.2 Polyacrylates
5.2.3 Detergent Cobuilders
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Water Treatment
6.2.3 Detergent
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flavors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flavors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Super Absorbent Polymers(SAP)
9.6.2 Polyacrylates
9.6.3 Detergent Cobuilders
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Water Treatment
9.10.3 Detergent
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Super Absorbent Polymers(SAP)
10.6.2 Polyacrylates
10.6.3 Detergent Cobuilders
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Water Treatment
10.10.3 Detergent
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Super Absorbent Polymers(SAP)
11.6.2 Polyacrylates
11.6.3 Detergent Cobuilders
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Water Treatment
11.10.3 Detergent
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Super Absorbent Polymers(SAP)
12.6.2 Polyacrylates
12.6.3 Detergent Cobuilders
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Water Treatment
12.10.3 Detergent
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Super Absorbent Polymers(SAP)
13.6.2 Polyacrylates
13.6.3 Detergent Cobuilders
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Water Treatment
13.10.3 Detergent
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flavors Market: Competitive Dashboard
14.2 Global Flavors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DuPont
14.3.3 Nippon Shokubai
14.3.4 Arkema
14.3.5 LG Chem
14.3.6 Mitsubishi Chemical
14.3.7 Idemitsu Kosan
14.3.8 Hexion
14.3.9 Sasol
14.3.10 Formosa Plastics
14.3.11 Taixing Jurong Chemical
14.3.12 Zhejiang Satellite Petro Chemical
14.3.13 Shanghai Huayi Acrylic Acid
14.3.14 Sanmu Group
14.3.15 Shandong kaitai petrochemical
14.3.16 CNOOC
