- Natural
- Synthetic
Flavors Market size was valued at USD 13,112.2 billion in 2022, growing at a CAGR of 5.8% from 2023-2029. Flavor is determined majorly by the taste, smell, and chemical sense. It is the sensory impression of food. Flavors are the intense preparations added to the food products, to enhance the flavor after processing. Flavors are recommended in small amounts and cannot be consumed alone. Flavors are generally derived from natural and artificial sources. The natural sources for flavors include herbs, spices, and many others. These flavors are available in powder, liquid, powder, and paste forms. In December 2017, Parker Products has launched 2018 feature flavors for ice cream.
Flavors Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.8%
Largest Market
Europe
Fastest Growing Market
North America
Flavors Market Dynamics
Increase in the demand for convenience food is the key factor expected to drive the growth of the flavor market. The growth in the food and beverage industry and technological advancements are adding scope for the further development of new products which is likely enhance the growth of the flavor market. The mounting purchasing power and increasing research and development activities for the development or introduction of new flavors are providing an opportunity for the manufacturers to expand their portfolio. However, the stringent government regulations are hindering the growth of the market. The side effects of artificial flavors are likely to hamper the growth of the flavor market over the forecast period.
Europe got significant share
Flavors Market Regional Analysis
Geographically, global flavors market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe flavor market to keep the top spot in the global market. The burgeoning food and beverage industry are enriching the growth of the market in this region. North America follows Europe in the flavor market. The Asia Pacific is projected to grow exponentially over the forecast period. The developing technologies in the emerging economies such as China and India are expected to drive the growth of the market. The expansion of manufacturers into the emerging economies is expected to boost the growth of the market in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market and forecast.
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startups details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market
Flavors Market Segmentation
By Source
By Type
- Fruits
- Nuts
- Chocolate
- Others
By Application
- Bakery & Confectionery
- Dairy & Frozen Products
- Beverages
- Savory & Snacks
- Others
Frequently Asked Questions
The CAGR of the flavors market is 5.8% over the forecast period (2023 - 2029)
Archer Daniels Midland Company, Döhler GmbH, Robertet SA, Givaudan S.A, Hasegawa Co.
North America is the fastest-growing region for the flavors market
| 1.Executive Summary |
| 2.Global Flavors Market Introduction |
| 2.1.Global Flavors Market - Taxonomy |
| 2.2.Global Flavors Market - Definitions |
| 2.2.1.Source |
| 2.2.2.Type |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global Flavors Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Flavors Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Flavors Market By Source, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Natural |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Synthetic |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Flavors Market By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Fruits |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Nuts |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Chocolate |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Flavors Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Bakery & Confectionery |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Dairy & Frozen Products |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Beverages |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Savory & Snacks |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Flavors Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Flavors Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Source Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Natural |
| 9.1.2.Synthetic |
| 9.2. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Fruits |
| 9.2.2.Nuts |
| 9.2.3.Chocolate |
| 9.2.4.Others |
| 9.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Bakery & Confectionery |
| 9.3.2.Dairy & Frozen Products |
| 9.3.3.Beverages |
| 9.3.4.Savory & Snacks |
| 9.3.5.Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Flavors Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Natural |
| 10.1.2.Synthetic |
| 10.2. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Fruits |
| 10.2.2.Nuts |
| 10.2.3.Chocolate |
| 10.2.4.Others |
| 10.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Bakery & Confectionery |
| 10.3.2.Dairy & Frozen Products |
| 10.3.3.Beverages |
| 10.3.4.Savory & Snacks |
| 10.3.5.Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Flavors Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Natural |
| 11.1.2.Synthetic |
| 11.2. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Fruits |
| 11.2.2.Nuts |
| 11.2.3.Chocolate |
| 11.2.4.Others |
| 11.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Bakery & Confectionery |
| 11.3.2.Dairy & Frozen Products |
| 11.3.3.Beverages |
| 11.3.4.Savory & Snacks |
| 11.3.5.Others |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Flavors Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Natural |
| 12.1.2.Synthetic |
| 12.2. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Fruits |
| 12.2.2.Nuts |
| 12.2.3.Chocolate |
| 12.2.4.Others |
| 12.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Bakery & Confectionery |
| 12.3.2.Dairy & Frozen Products |
| 12.3.3.Beverages |
| 12.3.4.Savory & Snacks |
| 12.3.5.Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Flavors Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 13.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Natural |
| 13.1.2.Synthetic |
| 13.2. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Fruits |
| 13.2.2.Nuts |
| 13.2.3.Chocolate |
| 13.2.4.Others |
| 13.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Bakery & Confectionery |
| 13.3.2.Dairy & Frozen Products |
| 13.3.3.Beverages |
| 13.3.4.Savory & Snacks |
| 13.3.5.Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Robertet SA (France) |
| 14.2.2.Archer Daniels Midland Company (U.S) |
| 14.2.3.Dahler GmbH (Germany) |
| 14.2.4.Huabao International Holdings Limited (China) |
| 14.2.5.Hasegawa Co. (Japan) |
| 14.2.6.Koninklijke DSM NV (Netherlands) |
| 14.2.7.GOLD COAST INGREDIENTS, INC. (U.S) |
| 14.2.8.Givaudan S.A (Switzerland) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Robertet SA (France)
- Archer Daniels Midland Company (U.S)
- Döhler GmbH (Germany)
- Huabao International Holdings Limited (China)
- Hasegawa Co. (Japan)
- Koninklijke DSM NV (Netherlands)
- GOLD COAST INGREDIENTS, INC. (U.S)
- Givaudan S.A (Switzerland)