As per the recent study conducted by Value Market Research, the Global Food Flavor Market was valued at USD 14.5 BN in 2019 and is anticipated to touch USD 21 BN by 2026 with a CAGR of 5.50% within the forecasted period from 2019 to 2026.The food flavor market is growing on account of the increasing demand from the food and beverage sector. The change in the lifestyles of the consumers, demand for organic foods, rise in demand for flavored food and beverages, urbanization and the expansion of the food industry are few other factors that are fuelling the growth of the market. The major restraint that can act as a limitation to the growth of the market is the high price of the raw materials.
Flavors are added to food products to impart smell, taste and to maintain consistency. They are derived from different sources and most of the flavors are used as fragrances and taste in food. Flavors are categorized into natural and artificial types. Natural flavors are derived from edible substances such as fruits, vegetables and leaves whereas artificial flavors are produced from inedible substances such as petroleum and are processed in labs using different chemicals. Flavors are commonly available in powder form owing to easy storage facilities but few of the flavors are also available in liquid form.
The report “Global Food Flavor Market Report By Type (Chocolate & Brown Flavors, Vanilla, Fruits & Nuts, Dairy, Spices, And Other), Application (Beverages, Dairy, Confectionery, Bakery, Meat, And Savory & Snacks), Form (Liquid And Dry), Origin (Natural And Natural) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026” covers a complete analysis of the food flavor market on a global level along with an in-depth view of the market dynamics and the competitive landscape.
By type, the global food flavor market is segmented into chocolate & brown flavors, vanilla, fruits & nuts, dairy, spices and others such as honey, mint & vegetables where vanilla has emerged as the leading type owing to the high demand of vanilla from food and beverages, perfumery and pharmaceutical sectors. By application, beverages, dairy, confectionery, bakery, meat, savory & snacks are the classifications of the global food flavor market and beverages have dominated the application segment owing to the rising consumption of flavored beer, milk, canned juices, energy drinks and other beverages across the globe. Liquid and dry are the segments by form of the global food flavor market as per the report. According to the report, liquid flavor dominated the form segment owing to the high solubility in water and oils coupled with wide application areas across various food products. Natural and artificial are the segments of the global food flavor market as given in the report. Artificial flavor has led this segmentation owing to relatively inexpensive and better shelf life over natural food flavor.
North America, Europe, Asia-Pacific, Latin America, Middle East & Africa are the geographical segments of the global food flavor market. The growth of the food and beverage industry and the rising consumption of frozen and ready-to-eat food products have led to North America as the dominating region of this market.
The Report Segments Global Food Flavor Market -
Players Profiled In the Report:
Firmenich, Frutarom, Givaudan, International Flavors & Fragrances (IFF), Mane, Robertet, Sensient, Symrise, T. Hasegawa, and Takasago
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