Market Overview:
The global food flavor market is segmented on the basis of type, application and region. The type segment is further divided into flavoring smell, flavoring tastes and flavoring colors. The application segment is classified into chocolate, vanilla, fruits, nuts and other applications. The regional segmentation includes North America, Latin America, Europe Asia Pacific and Middle East & Africa. The global food flavor market is expected to grow at a CAGR of 5% from 2018 to 2030. Some of the key factors that are driving the growth of this market include rising demand for convenience foods and changing consumer preferences for flavored foods. Additionally, growing awareness about the benefits of consuming flavored foods is also contributing to the growth of this market.
Product Definition:
Flavor is the composite of sensations that arise from the senses of taste and smell when eating or drinking. The perceived flavor of a food may be influenced by its nutrient content, temperature, cooking method, and presentation. Food flavorings are also used to add variety to dietary staples such as bread, cereal, and soup.
Flavoring Smell:
Flavors are the substances that give food products their taste. There are many different kinds of flavors, such as sweet, sour, salty, bitter and savory among others. Smell is one of the important factors in flavor development along with taste since it plays a major role in stimulating memory and impacting our emotional response to food.
The smell can be described as an odor or fragrance created by the combination of volatile chemicals (fruits or vegetables etc.
Flavoring Tastes:
Flavoring tastes is also known as taste and smell of food. It's the unique combination of odors, flavors, and fragrances that give food its taste. Food flavoring process includes extraction from raw materials such as vegetables/fruits or plants to make it edible by adding flavorants/extracts in it. Flavors are used in various types of cuisines like Chinese, Italian, French etc.
Application Insights:
The global food flavor market is segmented by application into chocolate, vanilla, fruits, nuts and other flavors. The chocolate segment accounted for the largest share in 2015 and is expected to continue its dominance over the forecast period owing to increasing demand for dark chocolates across all regions. Furthermore, growing popularity of specialty chocolates with a variety of unique flavors is expected to drive growth over the next eight years.
Vanilla was one of the leading applications in terms of revenue as well as volume in 2015. Increasing demand for natural flavored products has led manufacturers to use real vanilla extract which provides better taste and aroma compared to artificial vanillin products used previously which have had an adverse effect on consumer behavior towards these novel ingredients.
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 nearly 60% of the total population, 50% of global GDP, and 75% of global food & beverage production. China alone accounted for more than 30% of world chocolate consumption in 2017. Asia Pacific has been witnessing strong economic growth on account rising disposable income coupled with growing population; which is anticipated to positively impact industry growth over the next eight years.
Europe was valued at USD X billion in 2017 and is projected to expand at a CAGR exceeding 5 % from 2018 to 2030 owing to increasing demand from confectionery industry as well as meat products segment due mainly to changing consumer preferences towards convenience foods across various countries including Germany, France, Italy, U K.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the food flavor market. Convenience foods are those that can be easily prepared and consumed, without any major preparation time or hassle. This growing trend is mainly driven by the busy lifestyles of consumers, who are looking for quick and easy meal options.
- Rising disposable income levels: Another key growth driver for the food flavor market is rising disposable income levels in developing countries. This has led to an increase in consumer spending on premium and luxury products, including food flavors.
- Growing awareness about health & wellness: There is a growing awareness among consumers about the importance of healthy eating habits and good nutrition. This has led to an increased demand for healthier alternatives, such as organic foods and natural flavors.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Flavor Market Research Report
By Type
Flavoring Smell, Flavoring Tastes, Flavoring Colors
By Application
Chocolate, Vanilla, Fruits, Nuts, Other
By Companies
Symrise, International Flavors＆Fragrances, Givaudan, International Flavors & Fragrances, Kerry Group, Sensient, Takasago, Firmenich, Mane, Wild Flavors, Symrise
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Food Flavor Market Report Segments:
The global Food Flavor market is segmented on the basis of:
Types
Flavoring Smell, Flavoring Tastes, Flavoring Colors
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
Chocolate, Vanilla, Fruits, Nuts, Other
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
- International Flavors＆Fragrances
- Givaudan
- International Flavors & Fragrances
- Kerry Group
- Sensient
- Takasago
- Firmenich
- Mane
- Wild Flavors
- Symrise
Highlights of The Food Flavor 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:
- Flavoring Smell
- Flavoring Tastes
- Flavoring Colors
- By Application:
- Chocolate
- Vanilla
- Fruits
- Nuts
- Other
- 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 Flavor 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
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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 flavor is the taste of food.
Some of the key players operating in the food flavor market are Symrise, International Flavors＆Fragrances, Givaudan, International Flavors & Fragrances, Kerry Group, Sensient, Takasago, Firmenich, Mane, Wild Flavors, Symrise.
The food flavor market is expected to register a CAGR of 5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Flavor 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 Food Flavor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Flavor 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 Food Flavor 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 Food Flavor Market Size & Forecast, 2020-2028
4.5.1 Food Flavor Market Size and Y-o-Y Growth
4.5.2 Food Flavor 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 Flavoring Smell
5.2.2 Flavoring Tastes
5.2.3 Flavoring Colors
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 Chocolate
6.2.2 Vanilla
6.2.3 Fruits
6.2.4 Nuts
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Flavor 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 Food Flavor 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 Flavoring Smell
9.6.2 Flavoring Tastes
9.6.3 Flavoring Colors
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 Chocolate
9.10.2 Vanilla
9.10.3 Fruits
9.10.4 Nuts
9.10.5 Other
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 Flavoring Smell
10.6.2 Flavoring Tastes
10.6.3 Flavoring Colors
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 Chocolate
10.10.2 Vanilla
10.10.3 Fruits
10.10.4 Nuts
10.10.5 Other
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 Flavoring Smell
11.6.2 Flavoring Tastes
11.6.3 Flavoring Colors
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 Chocolate
11.10.2 Vanilla
11.10.3 Fruits
11.10.4 Nuts
11.10.5 Other
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 Flavoring Smell
12.6.2 Flavoring Tastes
12.6.3 Flavoring Colors
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 Chocolate
12.10.2 Vanilla
12.10.3 Fruits
12.10.4 Nuts
12.10.5 Other
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 Flavoring Smell
13.6.2 Flavoring Tastes
13.6.3 Flavoring Colors
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 Chocolate
13.10.2 Vanilla
13.10.3 Fruits
13.10.4 Nuts
13.10.5 Other
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 Food Flavor Market: Competitive Dashboard
14.2 Global Food Flavor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Symrise
14.3.2 International Flavors＆Fragrances
14.3.3 Givaudan
14.3.4 International Flavors & Fragrances
14.3.5 Kerry Group
14.3.6 Sensient
14.3.7 Takasago
14.3.8 Firmenich
14.3.9 Mane
14.3.10 Wild Flavors
14.3.11 Symrise
