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Global Food Flavors Market 2021
29 May 2021
Flavor is the sensory impression of a food or other substance, and is determined mainly by the chemical senses of taste and smell. The food flavor industry plays a vital role in food processing to enhance the taste of foods. Flavors are used in various products such as bakery, confectionery, meat, snacks, seafood, and poultry. The global food flavors market is set to grow by US$ 5 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period, according to data and analytics company StrategyHelix. Rising disposable income and increasing demand for RTE meal and fast foods in developing markets, increase in use of health products, resurgence of natural food products among consumers are expected to boost the market growth in the coming years.
The report provides up-to-date market size data for period 2017-2020 and forecast to 2027 covering key market aspects like sales value for food flavors. The global food flavors market is segmented on the basis of type, source, application, and region. By type, it is categorized into natural flavors, and artificial flavors. The artificial flavors segment held the largest market share in 2020. However, the natural flavors segment is expected to witness the highest CAGR during the forecast period. By source, the food flavors market is divided into plant based flavors, animal based flavors, and microbial based flavors. Based on application, the food flavors market is divided into dairy & frozen products, beverages, bakery & confectionery, savory and snacks, and others.
The report has profiled some of the key players of the market such as Bell Flavors & Fragrances Inc., Doehler Group SE, Firmenich SA, Givaudan S.A., Huabao International Holdings Limited, International Flavors & Fragrances Inc., Kerry Group plc, Koninklijke DSM N.V., Mane SA, Robertet Group, Sensient Technologies Corporation, Symrise AG, T. Hasegawa Co. Ltd., Takasago International Corporation, The Archer-Daniels-Midland Company.
The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the food flavors market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
Type: natural flavors, and artificial flavors
Source: plant based flavors, animal based flavors, and microbial based flavors
Application: dairy & frozen products, beverages, bakery & confectionery, savory and snacks, and others
Region: North America, Asia Pacific, Europe, and Rest of the World (ROW)
Years Considered: this report covers the period 2017 to 2027
Key Benefits for Stakeholders
Get a comprehensive picture of the global food flavors market
Identify regional strategies and strategic priorities on the basis of local data and analysis
Pinpoint growth sectors and trends for investment
Understand what the future of the global food flavors market looks like
Identify the competitive landscape and window of opportunity
Table of Contents
1. Market Definition
2. Research Methodology
3. Market Data & Outlook
3.1 Market Value
3.2 Market Value Forecast
4. Food Flavors Market by Type
4.1 Natural Flavors
4.2 Artificial Flavors
5. Food Flavors Market by Source
5.1 Plant Based Flavors
5.2 Animal Based Flavors
5.3 Microbial Based Flavors
6. Food Flavors Market by Application
6.1 Dairy & Frozen Products
6.3 Bakery & Confectionery
6.4 Savory And Snacks
7. Food Flavors Market by Region
7.1 North America
7.2 Asia Pacific
7.4 Rest Of The World (Row)
8. Company Profiles
8.1 Bell Flavors & Fragrances, Inc.
8.2 Doehler Group SE
8.3 Firmenich SA
8.4 Givaudan S.A.
8.5 Huabao International Holdings Limited
8.6 International Flavors & Fragrances, Inc.
8.7 Kerry Group plc
8.8 Koninklijke DSM N.V.
8.9 Mane SA
8.10 Robertet Group
8.11 Sensient Technologies Corporation
8.12 Symrise AG
8.13 T. Hasegawa Co., Ltd.
8.14 Takasago International Corporation
8.15 The Archer-Daniels-Midland Company
9.1 About StrategyHelix