Market Overview

Food Flavors (Chocolate & Browns, Vanilla, Fruits & Nuts, Dairy, Spices) Market - Global Forecast to 2023 -


The "Food
Flavors Market by Type (Chocolate & Browns, Vanilla, Fruits & Nuts,
Dairy, Spices), Application (Beverages, Dairy, Confectionery, Bakery,
Meat, Savory & Snacks), Origin (Natural and Artificial), Form, and
Region - Global Forecast to 2023"
report has been added to's

The food flavors market is estimated at USD 13.56 billion in 2018 and is
projected to reach USD 17.10 billion by 2023, at a CAGR of 4.8% from
2018 to 2023.

The market is primarily driven by trends such as growth in consumer
awareness regarding food safety and diseases caused by consuming harmful
synthetic flavors. Other growth factors include the increasing demand
for processed foods and beverages.

Factors such as the high cost and availability of raw materials for
natural flavors are affecting the growth of the market. These issues
have been restraining the growth of the food flavors market to some

On the basis of type, the fruits & nuts segment is projected to grow at
the highest CAGR. The food processing industry is growing in developed
as well as emerging economies. The industry is contributing
significantly to the GDP of emerging countries, owing to which the
governments of these countries are also launching favorable policies for
market growth. This factor is, in turn, driving the market for food
flavors across the world.

Based on application, the beverages segment is projected to be the
fastest-growing during the forecast period. Beverages such as energy
drinks are in demand due to their health benefits. Consumption of
beverages is increasing in developing economies due to the increase in
disposable income in these countries.

Based on form, the liquid segment is projected to be the faster-growing
during the forecast period. Liquid flavors are in demand because these
flavors easily mix together and give better results. The beverages
segment is the leading application for liquid flavors.

Based on origin, the natural segment is projected to be the
faster-growing during the forecast period. Natural flavors are in demand
due to their health benefits while also imparting flavor.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Food Flavors Market, By Type

7 Food Flavors Market, By Application

8 Food Flavors Market, By Origin

9 Food Flavors Market, By Form

10 Food Flavors Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Givaudan
  • International Flavors & Fragrances (IFF)
  • Firmenich
  • Symrise
  • Frutarom
  • Sensient
  • Mane
  • Takasago
  • T. Hasegawa
  • Robertet

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