Market Overview:
The global toffee flavour market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for premium and artisanal products, growing awareness about health benefits of natural flavours, and increasing penetration of western food culture in developing countries. The global toffee flavour market is segmented on the basis of type into liquid and powder. The liquid segment is expected to account for a larger share of the market than the powder segment during the forecast period. This can be attributed to factors such as ease-of-use and convenience offered by liquid flavours, growing demand for ready-to-use flavouring solutions in bakery and confectionery applications, and increasing preference for premium products among consumers. On the basis of application, the global toffee flavour market is divided into bakery, confectionery industry, dairy products industry, beverage industry, and others (including ice cream & desserts). The bakery segment accounted for a major share of the global market in 2017 owing to rising demand for baked goods across regions.
Product Definition:
A toffee-flavored candy is a type of confectionery that features a hard, brittle texture and a nutty, caramelized flavor. It is made by heating sugar and butter until they melt and then boiling the mixture until it reaches the hard crack stage.
Liquid:
Liquid is a non-alcoholic infusion made from concentrated fruit juice. It is also known as syrupy liquid or sweet syrup and can be used to enhance the taste of any food product. The market for liquid toffee flavoring is expected to witness significant growth over the forecast period owing to increasing demand for natural ingredients in confectionery products, coupled with growing awareness regarding added health benefits associated with it.
Powder:
Powder is a dry, free-flowing solid material that is made up of fine particles. It can be categorized as a colloidal system or amorphous solid depending on its particle size. The most commonly used powders are starch, sugar, cocoa butter, and milk powder among others.
Application Insights:
The confectionery industry accounted for the largest share of over 50.0% in 2017. The global toffee flavoring market is expected to witness significant growth owing to its application in various chocolates, candies and sweets manufactured by several companies including Mondel„“z, Toblerone, Hershey's, Lindt & Sprungli among others.
Beverage industry is projected to grow at a CAGR of XX% from 2018-2030 owing to the growing consumption of flavored beverages such as coffee creamer and hot chocolate among other products such as alcoholic drinks and non-alcoholic beer which contain small amount of alcohol content above 0%. This factor is anticipated t o have a positive impact on product demand over the forecast period.
Regional Analysis:
North America dominated the global toffee flavour market in 2017. The U.S., being one of the largest consumers of chocolate, is a key consumer for toffee flavoured products. Furthermore, companies are investing more in R&D activities due to growing demand for new and innovative confectionery products from consumers across North America.
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand from emerging economies such as India and China along with other countries in Southeast Asia.
Growth Factors:
- Increasing demand for premium and artisanal toffee flavours from consumers.
- Growing popularity of molecular gastronomy and modernist cuisine, which has led to an increase in the demand for unique and innovative toffee flavours.
- Rising trend of DIY baking and cooking, as more people look for ways to create their own unique flavour combinations at home.
- Proliferation of food bloggers and online recipe platforms that are promoting new and innovative recipes featuring toffee flavours.
Scope Of The Report
Report Attributes
Report Details
Report Title
Toffee Flavour Market Research Report
By Type
Liquid, Powder
By Application
Bakery, Confectionery Industry, Dairy Products, Beverage Industry, Others
By Companies
Afis, Stringer-Flavour, Flavour So Good, Fourzone, KERRY, The Groovy Food Company, Kanegrade, Special Ingredients, Maruti Aromatics And 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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Toffee Flavour Market Report Segments:
The global Toffee Flavour market is segmented on the basis of:
Types
Liquid, Powder
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
Bakery, Confectionery Industry, Dairy Products, Beverage Industry, 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:
- Afis
- Stringer-Flavour
- Flavour So Good
- Fourzone
- KERRY
- The Groovy Food Company
- Kanegrade
- Special Ingredients
- Maruti Aromatics And Flavours
Highlights of The Toffee 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:
- Liquid
- Powder
- By Application:
- Bakery
- Confectionery Industry
- Dairy Products
- Beverage Industry
- 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 Toffee 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
- 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?
Toffee flavour is a type of flavouring that is used to enhance the taste of certain foods. It is typically made from ground toffee and other ingredients, and it can be used in a variety of foods.
Some of the major companies in the toffee flavour market are Afis, Stringer-Flavour, Flavour So Good, Fourzone, KERRY, The Groovy Food Company, Kanegrade, Special Ingredients, Maruti Aromatics And Flavours.
The toffee flavour 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 Toffee 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 Toffee Flavour Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Toffee 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 Toffee 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 Toffee Flavour Market Size & Forecast, 2020-2028
4.5.1 Toffee Flavour Market Size and Y-o-Y Growth
4.5.2 Toffee 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 Liquid
5.2.2 Powder
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 Bakery
6.2.2 Confectionery Industry
6.2.3 Dairy Products
6.2.4 Beverage Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Toffee 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 Toffee 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 Liquid
9.6.2 Powder
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 Bakery
9.10.2 Confectionery Industry
9.10.3 Dairy Products
9.10.4 Beverage Industry
9.10.5 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 Liquid
10.6.2 Powder
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 Bakery
10.10.2 Confectionery Industry
10.10.3 Dairy Products
10.10.4 Beverage Industry
10.10.5 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 Liquid
11.6.2 Powder
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 Bakery
11.10.2 Confectionery Industry
11.10.3 Dairy Products
11.10.4 Beverage Industry
11.10.5 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 Liquid
12.6.2 Powder
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 Bakery
12.10.2 Confectionery Industry
12.10.3 Dairy Products
12.10.4 Beverage Industry
12.10.5 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 Liquid
13.6.2 Powder
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 Bakery
13.10.2 Confectionery Industry
13.10.3 Dairy Products
13.10.4 Beverage Industry
13.10.5 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 Toffee Flavour Market: Competitive Dashboard
14.2 Global Toffee Flavour Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Afis
14.3.2 Stringer-Flavour
14.3.3 Flavour So Good
14.3.4 Fourzone
14.3.5 KERRY
14.3.6 The Groovy Food Company
14.3.7 Kanegrade
14.3.8 Special Ingredients
14.3.9 Maruti Aromatics And Flavours
