Market Overview

Global $17 Bn Food Flavors Market 2018-2023 by Type, Application, Origin, Form, and Region

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Global $17 Bn Food Flavors Market 2018-2023 by Type, Application, Origin, Form, and Region

PR Newswire

DUBLIN, Aug. 22, 2018 /PRNewswire/ --

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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 ResearchAndMarkets.com's offering.

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

Factors such as the growing inclination toward clean-label products and technological introductions to flavors such as microencapsulation and non-thermal techniques have been driving the flavors market.

Based on type, the fruits & nuts flavor accounted for the largest share, in 2018. Due to their wide application in areas such as bakery products, health drinks, frozen desserts, nutraceuticals, and nutrition bars. Vanilla is estimated as the second-largest type segment with respect to market share. Vanilla is largely used by food & beverage manufacturers. Recent trends in the food industry include consumers leaning toward natural flavors because of the health benefits associated with them.

The food flavors market, on the basis of application, is segmented into the beverages, dairy, confectionery, bakery, meat, and snacks & savory. The beverages segment accounted for the largest share in 2018, followed by snacks & savory products. Beverages such as carbonated, non-carbonated, and health drinks accounted for a larger share of the food flavors market.

On the basis of form, the liquid segment accounted for the larger share in 2018. Liquid flavors are the preferable form of flavors, due to high solubility and applied in almost all varieties of foods.

On the basis of origin, the artificial segment accounted for the larger share in 2018. Natural flavors are in demand due to the growth in consumer preference for natural products.

Companies such as Givaudan (Switzerland), International Flavors & Fragrances (US), Firmenich (Switzerland), Symrise (Germany), and Frutarom (Israel) have acquired leading market positions through their broad product portfolios, along with a focus on diverse end-user segments. They are also focused on innovations and are geographically diversified.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Opportunities in the Food Flavors Market
4.2 Food Flavors Market, By Key Country
4.3 Food Flavors Market, By Type & Region
4.4 Developed vs Developing Markets for Food Flavors
4.5 Food Flavors Market, By Application & Region
4.6 Food Flavors Market, By Form
4.7 North America: Food Flavors Market, By Origin & Country, 2017

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Consumer Inclination Toward Clean-Label and Organic Products Drives the Natural Food Flavors Market
5.2.1.1.1 Consumer Interest in Organic Products
5.2.1.2 Technological Advancements
5.2.1.2.1 Microencapsulation Technology - A Major Advancement in the Flavor Industry
5.2.1.2.2 Non-Thermal Treatments - HPP & PEF to Enhance the Flavor Retention
5.2.1.3 Growing Trade, Investment, and Expenditure in Processed Food & Beverages Market
5.2.2 Restraints
5.2.2.1 Lower Stability & Limited Availability of Natural Flavors
5.2.2.2 Side-Effects of Added Flavors, Both Natural and Synthetic
5.2.3 Opportunities
5.2.3.1 Emerging Markets & Increasing Spending Power
5.2.3.2 Innovative Raw Material Sources
5.2.3.3 Use in Functional Foods
5.2.3.4 Increasing Popularity of Novel Flavors
5.2.4 Challenges
5.2.4.1 Compliance With Quality and Regulatory Standards

6 Food Flavors Market, By Type

6.1 Introduction
6.2 Chocolate & Browns
6.3 Vanilla
6.4 Fruits & Nuts
6.5 Dairy
6.6 Spices
6.7 Others

7 Food Flavors Market, By Application

7.1 Introduction
7.2 Beverages
7.3 Dairy Products
7.4 Confectionery Products
7.5 Baked Products
7.6 Meat Products
7.7 Savory & Snacks

8 Food Flavors Market, By Origin

8.1 Introduction
8.2 Natural
8.3 Artificial

9 Food Flavors Market, By Form

9.1 Introduction
9.2 Liquid
9.3 Dry

10 Food Flavors Market, By Region

11 Competitive Landscape

11.1 Overview
11.2 Market Ranking
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Expansions and Investments
11.3.3 Acquisitions
11.3.4 Joint Ventures and Partnerships

12 Company Profiles

12.1 Givaudan
12.2 International Flavors & Fragrances (IFF)
12.3 Firmenich
12.4 Symrise
12.5 Frutarom
12.6 Sensient
12.7 Mane
12.8 Takasago
12.9 T. Hasegawa
12.10 Robertet

For more information about this report visit https://www.researchandmarkets.com/research/h6gxkc/global_17_bn?w=5

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