Global Food Flavors Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global food flavors market in its upcoming report titled, “Global Food Flavors Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global food flavors market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global food flavors market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global food flavors market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food flavors market report has been segmented on the basis of type, application, and region.
Flavor is the sensory impression of the food or other substance and is determined primarily by the chemical senses of taste and smell. Food flavors are used as food additives for altering and enhancing flavors of natural food products. Food flavors alter the characteristics of the solute, causing it to become sweet, sour, tangy, etc. They alter or enhance the flavors of natural food product such as meats and vegetables, or creating the flavor for food products that do not have the desired flavors such as candies and other snacks.
Rising demand for food flavors in food and beverage industry is a key factor driving growth of the global food flavors market. In addition, changing lifestyle of consumers, high demand for convenient food are some other factors which are expected to fuel growth to the global food flavors market over the forecast period. Furthermore, launching of new products by market players, and development of new food flavors are other major factors anticipated to boost growth of the global food flavors market over the forecast period.
However, high prices of raw materials required for production of food flavors is a key factor restraining growth of the global food flavors market. In addition, artificial food flavors are made by adding ingredients which can cause allergies and other health related disorders in some individuals, and may hamper growth of the global food flavors market over the forecast period.
The market in North America accounted for highest revenue share in the global food flavors market owing to rising demand for food flavors from food and beverages industries in the region. The market in Europe is expected account for second-highest revenue share contribution in the global food flavors market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to availability of abundant natural food flavor ingredients such as saffron, cardamom, etc.
Global Food Flavors Market Segmentation:
Global food flavors market segmentation by type:
- Natural flavors
- Synthetic flavors
Global food flavors market segmentation by application:
- Food industry
Global food flavors market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Givaudan SA
- Firmenich SA
- International Flavors & Fragrances, Inc.
- Takasago International Corporation
- Bell Flavors & Fragrances
- Kerry Group plc
- Mane SA
- Sensient Technologies
- Danisco A/S
- Frutarom Industries Ltd.
- Robertet Group
- Wild Flavors, Inc.
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