Flavors Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

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Flavors Market: By Source (Natural, Synthetic), By Type (Fruits, Nuts, Chocolate, and Others), By Application (Bakery & Confectionery, Dairy & Frozen Products, Beverages, Savory & Snacks, and Others), and Geography

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Report

Description

The global flavors market was valued at US$ 13,112.2 Mn in 2021 and is expected to grow at 5.8% Compound Annual Growth Rate (CAGR) over 2022 to 2028. 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. The global flavors market research report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezuela, and Rest of Latin America), and the Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of the Middle East and Africa).

Flavors Market

MARKET SUMMARY
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5.8% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.8%
  • Largest Market– Europe
  • Fastest Growing Market– APAC

Flavors Market

  • The report on global Flavors Market gives historical, current, and future market sizes (US$ Mn) on the basis of source, type, application and Geography.
  • Global Flavors Market gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Market Key Players
  • Robertet SA (France)
  • Archer Daniels Midland Company (U.S)
  • Döhler GmbH (Germany)
  • Huabao International Holdings Limited (China)
  • Hasegawa Co. (Japan)
Drivers And Restraints

Flavors Market

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

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • 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 competitor’s 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 startup’s 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 Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Segmentation

Flavors Market


Location

GEOGRAPHY

Frequently Asked Questions

The CAGR of the flavors market is 5.8% over the forecast period (2022 – 2028)

Archer Daniels Midland Company, Döhler GmbH, Robertet SA, Givaudan S.A, Hasegawa Co.

 

 

The Asia Pacific is the fastest-growing region for the flavors market


Report

Table Of Content


Report

Company Profile

  • 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)

Description

The global flavors market was valued at US$ 13,112.2 Mn in 2021 and is expected to grow at 5.8% Compound Annual Growth Rate (CAGR) over 2022 to 2028. 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. The global flavors market research report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezuela, and Rest of Latin America), and the Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of the Middle East and Africa).

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX