Food Flavor Markets Over $20 Billion: Natural, Nature Identical & Artificial, Vanilla, Dairy, Spices & Herbs – Global Forecast to 2028 – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The “Food Flavors Market Research Report 2022” has been added to from ResearchAndMarkets.com offer.

The food flavorings market is expected to grow at a CAGR of 4.2% from 2021 to reach $20.39 billion by 2028, and in terms of volume, this market is expected to grow at a CAGR of 3.8% from 2021 to reach 10,935.6 thousand MT by 2028. .

The growth of this market is supported by the growing demand for clean label and organic products, the strong growth of the food industry and technological advances, such as microencapsulation.

Additionally, the emerging economies of Asia-Pacific, Latin America, the Middle East and Africa and the increasing use of flavors in functional foods offer significant opportunities for the growth of this market.

On the basis of origin, the food flavorings market is segmented into natural food flavorings, nature-identical food flavorings and artificial food flavorings. The artificial food flavorings segment accounted for the largest share of the food flavorings market in 2021. The large share of this segment is mainly attributed to the higher usage of artificial flavorings owing to the availability of a wide range of Flavors in this category increase the demand for new flavors and the cost-effectiveness of artificial flavors compared to natural flavors.

Additionally, huge demand for artificial flavors in packaged food, fast food and ready-to-eat (RTE) products is supporting the growth of this segment.

However, the natural food flavoring segment is expected to grow at the fastest CAGR over the forecast period owing to growing demand for unique exotic flavors, growing health awareness, increasing demand for organic food products, the growing preference for natural flavors as an active ingredient in baked goods, and a key trend for clean label products.

Based on type, the food flavorings market is majorly segmented into chocolate & browns, vanilla, fruits & nuts, dairy, spices & herbs, vegetables and other types. The fruits and nuts segment accounted for the largest share of the food flavorings market in 2021. However, the spices and herbs segment is expected to grow at the highest CAGR during the forecast period.

The rapid growth of this segment is mainly attributed to growing consumer health consciousness, interest in new tastes, convenience and sustainability, rapidly changing consumer food preferences and growing awareness of medicinal properties of spices and herbs.

The liquid form food flavoring segment accounted for the largest share of the food flavoring market in 2021.

The large share of this segment is mainly attributed to its advantages, such as its ability to increase the shelf life of food products, ensure homogeneous mixtures with virtually no segregation, and provide high microbiological stability, which is used in foods and beverage, confectionery, bakery, dairy and other food industries. Moreover, this segment is expected to grow at the highest CAGR during the forecast period.

The beverage segment accounted for the largest share of the food flavoring market in 2021.

The large share of this segment is mainly attributed to the growing demand for beverages, rising disposable income in emerging countries, rapid urbanization and changing lifestyles globally. However, the savory and snacks segment is expected to grow at the highest CAGR during the forecast period.

Asia-Pacific accounted for the largest share of the food flavorings market in 2021.

The large share of this region is mainly attributed to the growing demand for processed food products in emerging and developing countries, such as India, China, Indonesia and Thailand; changing consumer preferences for high quality food ingredients and the increasing outsourcing of processed food manufacturing from the Asian region to meet growing international demand.

Answers to key questions in the report

  • What are the high growth market segments in terms of origin, type, form, application and geography?

  • What is the historical size of the food flavorings market worldwide?

  • What are the market forecasts and estimates for the period 2021-2028?

  • What are the key drivers, restraints, and opportunities in the Food Flavors market?

  • Who are the main market players and what are their market shares?

  • Who are the main players in the different countries and what are their market shares?

  • How is the Competitive Landscape of the Food Flavors Market?

  • What are the recent developments in the food flavorings market?

  • What are the different strategies adopted by the main market players?

  • What are the major geographic trends and which are the high-growth countries?

  • Who are the local emerging players in the Food Flavors Market and how do they compete with other players?

Major players operating in the food flavorings market are:

  • Givaudan SA (Switzerland)

  • International Flavors & Fragrances Inc. (USA)

  • Firmenich SA (Switzerland)

  • Symrise AG (Germany)

  • Sensient Technologies Corporation (USA)

  • MANE SA (France)

  • Takasago International Corporation (Japan)

  • T. Hasegawa Co. Ltd. (Japan)

  • Robertet Group (France)

  • Huabao International Holdings Limited (Hong Kong)

  • Kerry Group (Ireland)

  • Koninklijke DSM NV (Netherlands)

  • BASF SE (Germany)

  • Archer Daniels Midland Company (USA)

  • Corbion NV (Netherlands)

  • Dohler GmbH (Germany).

Market overview

Drivers

  • Growing demand for Clean Label and organic products

  • Strong growth in the food industry

  • Technological Advances: Microencapsulation

Constraints

  • Harmful effects of flavorings on health

  • Strict government regulations on the use of food flavorings

Opportunities

  • Emerging economies

  • Use of flavorings in functional food products

The impact of COVID-19 on the food flavorings market

Regulatory analysis

  • North America

  • Europe

  • Asia Pacific

Report scope

Food Flavors Market, By Origin

  • Natural Food Flavors

  • Identical natural food flavors

  • Artificial Food Flavors

Food Flavors Market, By Type

  • Fruits & Nuts

  • Chocolate & Browns

  • Vanilla

  • Spices and herbs

  • Dairy

  • Vegetables

  • Other types

Food Flavors Market, By Form

  • Food flavorings in liquid form

  • Food flavorings in dry form

Food Flavors Market, By Application

  • Beverages

  • Alcoholic beverages

  • Soft drink

  • Hot drinks

  • Other drinks

  • Salty & Snacks

  • Dairy products

  • Ice cream

  • Other dairy products

  • Confectionery Products

  • Baked goods

  • Meat products

  • Other Apps

Food Flavors Market, By Geography

  • North America

  • we

  • Canada

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Rest of Europe (RoE)

  • Asia-Pacific (APAC)

  • Japan

  • China

  • Australia

  • India

  • Rest of Asia-Pacific (RoAPAC)

  • Latin America

  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/3z6l1l


Source link

Previous Kentucky Restaurant's Brunch Menu Will Make You Laugh
Next It's Not Your Mother's Mayan Kitchen: Sunnyvale Restaurant Adapts Traditional Recipes For A Wider Audience | News