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Flavors Market: By Source, By Type, By Application, and Region Forecast 2019-2030
Flavors Market: By Source, By Type, By Application, and Region Forecast 2019-2030
Flavors Market size was valued at US$ 13,112.2 million in 2023, growing at a CAGR of 5.8% from 2024-2030. 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.
Study Period
2024-2030Base Year
2023CAGR
5.8%Largest Market
EuropeFastest Growing Market
North America
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 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.
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
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 13,112.2 million |
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Market CAGR |
5.8% |
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By Source |
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By Type |
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By Application |
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The flavors market size was valued at US$ 13,112.2 million in 2023 and is set to grow at a significant CAGR of 5.8% from 2024-2030.
Archer Daniels Midland Company, Döhler GmbH, Robertet SA, Givaudan S.A, Hasegawa Co.
North America is the fastest-growing region in the 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, 2019 - 2023 and Forecast 2024 -2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 5.1. Natural |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 6.1. Fruits |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 7.1. Bakery & Confectionery |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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, 2019 - 2023 and Forecast, 2024 -2030, (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,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 9.1. Source Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Natural |
| 9.1.2.Synthetic |
| 9.2. Type Analysis 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 ,2019 - 2023 and Forecast 2024 -2030 (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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 ,2019 - 2023 and Forecast 2024 -2030 (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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 ,2019 - 2023 and Forecast 2024 -2030 (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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 ,2019 - 2023 and Forecast 2024 -2030 (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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 2019 - 2023 and Forecast 2024 -2030 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 |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.