Market Overview:
The global lychee flavour market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for lychee-flavoured products across different applications such as food, beverage and others. Additionally, the growing awareness about the health benefits associated with consumption of lychee-flavoured products is also fuelling the demand for these products globally. On the basis of type, the global lychee flavour market has been segmented into powder and liquid. The powder segment is expected to account for a larger share in terms of value and volume during 2018-2030 owing to its easy usage and longer shelf life as compared to liquid form. On the basis of application, food accounted for majority share in 2017 and is projected to maintain its dominance throughoutthe forecast period. This can be attributedto rising demand from various end users such as restaurants, hotels etc., across different regions worldwide .Beverageis another key application area where Lychee flavours are used extensively .Otherapplications include confectionery items , ice creams etc .
Product Definition:
Lychee flavour is a type of fruit flavouring that tastes like the lychee fruit. It is used to add a fruity taste to food and drinks.
Powder:
Powder is a dry, free-flowing granular material that can be used as an alternative to liquid flavoring agents. It offers several advantages such as it can be stored for a longer period of time and it has better flow properties than liquids. Powder also allows the formulation to have more surface area which results in faster absorption rate and higher solubility in the beverage.
Liquid:
Liquid is a natural flavoring agent derived from fruit peels. It is also used as an ingredient in various food products such as ice creams, baked goods, and confectioneries. Lychee fruit has been widely used for producing liquid due to its distinctively sweet taste and aroma that complements many foods & beverages.
The global lychee market size was valued at USD 2 billion in 2015.
Application Insights:
The food application segment led the market in 2017 and is projected to witness significant growth over the forecast period. Lychee is a rich source of vitamins, minerals and fibers which makes it an ideal ingredient for making healthy juices, smoothies and cakes. The demand for lychee in the food application was highest in China followed by India where it is used to make various dishes including chicken soup, beef stew, pork chop suey and fried rice.
In countries such as Australia, Canada and New Zealand where there are no native lychee trees but climatic conditions are favorable for their cultivation; companies have been importing them from China since 1868 when seeds were first sent there by Sir Joseph Banks. These imported fruits have become popular among home gardeners owing to their easy growing nature coupled with sweet flavored pulp that makes excellent jams & jellies as well as sauces & toppings.
Regional Analysis:
Asia Pacific dominated the global lychee flavour market in 2017. The region is expected to maintain its position over the forecast period as well. China and India are among the largest consumers of lychees, owing to their large production and export across various countries including Japan, Australia, Thailand, Indonesia etc. In 2016-2017 season, China produced around 90% of world’s supply followed by India with 4 million tons each year on an average for domestic consumption as well as export purposes.
North America is also anticipated to witness a significant growth rate during the forecast period from 2018 to 2030 due to increasing demand for natural flavoured products along with changing food preferences in this region especially in U.S., Canada & Mexico cities which are considered fashion capitals of world.-The Middle East & Africa market is projecteded have high potential growth opportunities due to growing trend towards halal food among muslim population particularly in UAE & Saudi Arabia.
Growth Factors:
- Increasing demand for exotic fruits: The global demand for exotic fruits is increasing rapidly, as consumers are becoming more adventurous in their food choices. Lychee is a unique and delicious fruit that has a lot to offer, which is why it is gaining popularity all over the world.
- Growing awareness of the health benefits of lychee: Lychee contains numerous antioxidants and nutrients that are beneficial for human health. This has led to an increase in demand for lychee-flavored products from health-conscious consumers.
- Rising income levels in developing countries: A large portion of the global population resides in developing countries, where rising income levels are enabling more people to purchase luxury items such as high-quality lychee products.
- Innovative product formulations: Manufacturers are constantly innovating new product formulations that feature lychee flavor, thus appealing to even more consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lychee Flavour Market Research Report
By Type
Powder, Liquid
By Application
Food, Drink, Others
By Companies
Keva Flavours, Jns Commodities & Specialities, Flavor West, Fourzone, Flavor Producers, Matrix Flavours
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Lychee Flavour Market Report Segments:
The global Lychee Flavour market is segmented on the basis of:
Types
Powder, Liquid
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, Drink, 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:
- Keva Flavours
- Jns Commodities & Specialities
- Flavor West
- Fourzone
- Flavor Producers
- Matrix Flavours
Highlights of The Lychee Flavour 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:
- Powder
- Liquid
- By Application:
- Food
- Drink
- 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 Lychee Flavour 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
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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?
Lychee flavour is a sweet, fruity taste that can be found in lychees.
Some of the major companies in the lychee flavour market are Keva Flavours, Jns Commodities & Specialities, Flavor West, Fourzone, Flavor Producers, Matrix Flavours.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lychee Flavour 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 Lychee Flavour Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lychee Flavour 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 Lychee Flavour 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 Lychee Flavour Market Size & Forecast, 2020-2028
4.5.1 Lychee Flavour Market Size and Y-o-Y Growth
4.5.2 Lychee Flavour 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 Powder
5.2.2 Liquid
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 Food
6.2.2 Drink
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lychee Flavour 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 Lychee Flavour 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 Powder
9.6.2 Liquid
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 Food
9.10.2 Drink
9.10.3 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 Powder
10.6.2 Liquid
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 Food
10.10.2 Drink
10.10.3 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 Powder
11.6.2 Liquid
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 Food
11.10.2 Drink
11.10.3 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 Powder
12.6.2 Liquid
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 Food
12.10.2 Drink
12.10.3 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 Powder
13.6.2 Liquid
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 Food
13.10.2 Drink
13.10.3 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 Lychee Flavour Market: Competitive Dashboard
14.2 Global Lychee Flavour Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keva Flavours
14.3.2 Jns Commodities & Specialities
14.3.3 Flavor West
14.3.4 Fourzone
14.3.5 Flavor Producers
14.3.6 Matrix Flavours
