Market Overview:
The global savory & snacks flavors 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 savory and snack foods across the globe. In addition, the growing trend of healthy eating is also contributing to the growth of this market. The global savory & snacks flavors market can be segmented on the basis of type and application. On the basis of type, it can be divided into natural and artificial flavors. The natural flavor segment is projected to grow at a higher CAGR than that of artificial flavor during the forecast period from 2018 to 2030 owing to its health benefits such as no added preservatives or chemicals, and no GMO ingredients. On the basis of application, it can be classified into savory food products and snack food products.
Product Definition:
The definition of savory is something that has a strong, pleasing flavor, especially one that is not sweet. Snacks flavors are used to enhance the flavor of snacks foods. They can be used in a variety of products such as potato chips, tortilla chips and other extruded snacks.
Natural:
Natural is a term that has been used in food & beverage industry for many years to mean the product was produced without using any artificial flavors or additives. However, over the past few decades, there has been tremendous growth in usage of natural ingredients across savory and snack products.
The key driver for this market is consumer awareness towards health benefits associated with natural ingredients such as low calories and high nutrition levels.
Artificial:
Artificial flavors are additives that are produced in a laboratory. They can be divided into two categories, natural and artificial. Natural flavors come from plants, animals or fermentation; while artificial ones are manufactured in a lab. Artificial flavor is usually made up of chemicals and has no food source (it's purpose is to taste like food).
Application Insights:
Snacks dominated the global savory & snacks flavors market in 2017, accounting for over 60.0% share of the overall revenue. Snack manufacturers are increasingly focusing on innovation to expand their product portfolio and meet consumer demand. New product launches coupled with strategic distribution partnerships have been helping snack manufacturers to capture larger marketshare across various regions.
Regional Analysis:
North America dominated the global savory and snacks flavors market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to growing demand for convenience food, increasing health concerns among consumers, and rising awareness about alternative healthy ingredients used in manufacturing snacks products.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to changing consumer lifestyle along with increasing disposable income levels which will boost demand for packaged foods such as savory & snacks items.
Growth Factors:
- Increasing demand for convenience foods: The savory and snacks flavors market is driven by the increasing demand for convenience foods. Consumers are looking for products that are easy to prepare and can be consumed on the go. This has led to the growth of the ready-to-eat (RTE) segment in the savory and snacks flavors market.
- Growing popularity of ethnic cuisine: The savory and snacks flavors market is also driven by the growing popularity of ethnic cuisine. Consumers are increasingly looking for new flavor experiences, which has led to an increase in demand for exotic flavors such as Thai, Indian, and Mexican cuisine.
- Rising disposable income: Another key driver of growth in the savory and snacks flavors market is rising disposable income levels among consumers worldwide. This has enabled them to spend more on premium food products, including those with unique flavor profiles.
Scope Of The Report
Report Attributes
Report Details
Report Title
Savory & Snacks Flavors Market Research Report
By Type
Natural, Artificial
By Application
Savory, Snacks
By Companies
Firmenich, Frutarom Industries, Givaudan, Huabao International, International Flavors & Fragrances, Kerry, V. Mane Fils, Robertet, Sensient, Symrise, Takasago
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Savory & Snacks Flavors Market Report Segments:
The global Savory & Snacks Flavors market is segmented on the basis of:
Types
Natural, Artificial
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
Savory, Snacks
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:
- Firmenich
- Frutarom Industries
- Givaudan
- Huabao International
- International Flavors & Fragrances
- Kerry
- V. Mane Fils
- Robertet
- Sensient
- Symrise
- Takasago
Highlights of The Savory & Snacks 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:
- Natural
- Artificial
- By Application:
- Savory
- Snacks
- 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 Savory & Snacks 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?
Savory & Snacks Flavors is a line of flavored syrups and sauces that are used in foodservice and retail applications.
Some of the major players in the savory & snacks flavors market are Firmenich, Frutarom Industries, Givaudan, Huabao International, International Flavors & Fragrances, Kerry, V. Mane Fils, Robertet, Sensient, Symrise, Takasago.
The savory & snacks flavors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Savory & Snacks 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 Savory & Snacks Flavors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Savory & Snacks 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 Savory & Snacks 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 Savory & Snacks Flavors Market Size & Forecast, 2018-2028
4.5.1 Savory & Snacks Flavors Market Size and Y-o-Y Growth
4.5.2 Savory & Snacks Flavors Market Absolute $ Opportunity
Chapter 5 Global Savory & Snacks Flavors 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 Savory & Snacks Flavors Market Size Forecast by Type
5.2.1 Natural
5.2.2 Artificial
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Savory & Snacks Flavors 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 Savory & Snacks Flavors Market Size Forecast by Applications
6.2.1 Savory
6.2.2 Snacks
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Savory & Snacks 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 Savory & Snacks 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 Savory & Snacks Flavors Analysis and Forecast
9.1 Introduction
9.2 North America Savory & Snacks Flavors 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 Savory & Snacks Flavors Market Size Forecast by Type
9.6.1 Natural
9.6.2 Artificial
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 Savory & Snacks Flavors Market Size Forecast by Applications
9.10.1 Savory
9.10.2 Snacks
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 Savory & Snacks Flavors Analysis and Forecast
10.1 Introduction
10.2 Europe Savory & Snacks Flavors 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 Savory & Snacks Flavors Market Size Forecast by Type
10.6.1 Natural
10.6.2 Artificial
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 Savory & Snacks Flavors Market Size Forecast by Applications
10.10.1 Savory
10.10.2 Snacks
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 Savory & Snacks Flavors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Savory & Snacks Flavors 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 Savory & Snacks Flavors Market Size Forecast by Type
11.6.1 Natural
11.6.2 Artificial
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 Savory & Snacks Flavors Market Size Forecast by Applications
11.10.1 Savory
11.10.2 Snacks
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 Savory & Snacks Flavors Analysis and Forecast
12.1 Introduction
12.2 Latin America Savory & Snacks Flavors 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 Savory & Snacks Flavors Market Size Forecast by Type
12.6.1 Natural
12.6.2 Artificial
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 Savory & Snacks Flavors Market Size Forecast by Applications
12.10.1 Savory
12.10.2 Snacks
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) Savory & Snacks Flavors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Savory & Snacks Flavors 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) Savory & Snacks Flavors Market Size Forecast by Type
13.6.1 Natural
13.6.2 Artificial
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) Savory & Snacks Flavors Market Size Forecast by Applications
13.10.1 Savory
13.10.2 Snacks
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 Savory & Snacks Flavors Market: Competitive Dashboard
14.2 Global Savory & Snacks Flavors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Firmenich
14.3.2 Frutarom Industries
14.3.3 Givaudan
14.3.4 Huabao International
14.3.5 International Flavors & Fragrances
14.3.6 Kerry
14.3.7 V. Mane Fils
14.3.8 Robertet
14.3.9 Sensient
14.3.10 Symrise
14.3.11 Takasago
