Food Flavors
Food Flavors Market Forecasts to 2030 - Global Analysis by Product Type (Natural Flavors, Artificial Flavors and Nature-identical Flavors), Source Type (Plant-based, Animal-based, Microbial-based and Synthetic-based), Form, Technology, Application and By Geography
According to Stratistics MRC, the Global Food Flavors Market is accounted for $19.7 billion in 2024 and is expected to reach $26.1 billion by 2030 growing at a CAGR of 4.8% during the forecast period. Food taste refers to the sensory experience of taste, smell, and texture that is perceived when a food or beverage is consumed. They are combinations of natural or synthetic ingredients that produce distinctive notes, such as sweet, sour, salty, bitter, or umami. These flavors are made with a blend of essential oils, extracts, spices, herbs, and other additives. The culinary industry uses flavors to enhance or change the flavors of products, creating a more enjoyable experience for customers.
According to the World Bank's Global Consumption Database, households in developing countries spend approximately $2.3 trillion annually on food and beverages.
Market Dynamics:
Driver:
Growing popularity of food and beverage
The increasing popularity of diverse food and beverage products is a major driver for the food flavors market. As consumers seek new culinary experiences, there is a rising demand for innovative flavors that enhance taste and appeal. This trend is fueled by the globalization of cuisines and the growing interest in ethnic foods, leading to a surge in demand for both natural and synthetic flavorings. Consequently, manufacturers are investing in research and development to create unique flavor profiles that cater to evolving consumer preferences.
Restraint:
Strict regulations and guidelines
Strict regulations and guidelines imposed by food safety authorities pose a significant restraint on the food flavors market. These regulations vary across regions, requiring manufacturers to comply with different standards, which can complicate product development and increase costs. Compliance with these stringent guidelines often necessitates rigorous testing and documentation, potentially delaying product launches. Additionally, non-compliance risks can lead to product recalls, further impacting market growth and profitability.
Opportunity:
Rising demand for exotic and unique flavors
The rising demand for exotic and unique flavors presents a substantial opportunity for the food flavors market. As consumers become more adventurous in their taste preferences, there is an increasing interest in flavors derived from diverse global cuisines. This trend encourages manufacturers to explore new ingredients and flavor combinations, driving innovation in the industry. By capitalizing on this opportunity, companies can differentiate their products and capture a larger share of the market by appealing to consumers seeking novel taste experiences.
Threat:
Consumer skepticism around artificial flavoring chemicals
Consumer skepticism around artificial flavoring chemicals poses a threat to the food flavors market. Growing awareness of health and wellness has led consumers to scrutinize ingredient labels more closely, often preferring natural over synthetic additives. This skepticism can impact sales of products containing artificial flavors, prompting manufacturers to reformulate their offerings with clean-label alternatives.
Covid-19 Impact:
The Covid-19 pandemic had a mixed impact on the food flavors market. Initially, supply chain disruptions and lockdowns led to decreased production and consumption of flavored products. However, as home cooking became more prevalent, there was an increased demand for packaged foods with diverse flavors. This shift prompted manufacturers to innovate and expand their flavor offerings to cater to changing consumer needs, ultimately driving market recovery post-pandemic.
The beverages segment is expected to be the largest during the forecast period
The beverages segment is expected to be the largest during the forecast period due to its extensive application across various drink categories, including soft drinks, alcoholic beverages, and functional drinks. The growing popularity of flavored beverages among consumers seeking unique taste experiences drives demand for innovative flavor solutions. Manufacturers are focusing on developing new flavor profiles that cater to health-conscious consumers while enhancing the sensory appeal of beverages.
The artificial flavours segment is expected to have the highest CAGR during the forecast period
The artificial flavours segment is expected to have the highest CAGR during the forecast period due to its cost-effectiveness and versatility in creating consistent flavor profiles across large-scale production. Despite consumer preference for natural ingredients, artificial flavors remain popular due to their stability and ability to mimic complex natural tastes at lower costs. This segment's growth is driven by ongoing innovations that improve the safety and perception of artificial flavors among consumers.
Region with largest share:
Over the forecast period, the Asia Pacific region is anticipated to hold the largest market share due to its robust food processing industry and increasing consumer demand for diverse flavors. The region's expanding middle class and rising disposable incomes contribute to higher consumption of processed foods and beverages, driving demand for flavoring agents. Additionally, significant investments from multinational companies in this region further bolster market growth.
Region with highest CAGR:
During the forecast period, the Asia Pacific region is anticipated to register the highest CAGR due to rapid urbanization and changing dietary preferences among consumers. The growing popularity of convenience foods and ready-to-drink beverages fuels demand for innovative flavor solutions in this dynamic market. As local manufacturers expand their product offerings to include more exotic flavors, the region's food flavors market continues to experience accelerated growth.
Key players in the market
Some of the key players in Food Flavors Market include Archer-Daniels-Midland Company (ADM), BASF SE, Corbion N.V., Döhler Group, Firmenich SA, Givaudan, International Flavors & Fragrances Inc. (IFF), Kerry Group plc, Koninklijke DSM N.V., Robertet Group, Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, Frutarom Industries Ltd., Tate & Lyle PLC, SVZ International B.V., SunOpta Inc. and AGRANA Group.
Key Developments:
In November 2024, Kerry Group announced that it has entered into an agreement with Kerry Co-Operative Creameries Limited to sell Kerry Dairy Ireland for a total expected consideration of 500 million euros. This sale is intended to help further Kerry’s reach in the Irish dairy industry that will lead to the creation of a significant dairy processor in the country.
In December 2023, ADM, a global leader in human and animal nutrition announced it is adding to its flavors capabilities with an agreement to acquire Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions.
In August 2023, Döhler Group has announced the acquisition of Boon Flavors, a premium flavor house located in Bangkok, Thailand, which strengthens its presence in Southeast Asia.
Product Types Covered:
• Natural Flavors
• Artificial Flavors
• Nature-identical Flavors
Source Types Covered:
• Plant-based
• Animal-based
• Microbial-based
• Synthetic-based
Forms Covered:
• Liquid
• Powder
• Paste
Technologies Covered:
• Flavor Encapsulation
• Enzyme-assisted Extraction
• Biotechnology-based Flavors
• Other Technologies
Applications Covered:
• Beverages
• Dairy & Frozen Products
• Bakery & Snacks
• Confectionery
• Meat & Seafood
• Sauces, Seasonings & Condiments
• Convenience Foods
• Other Food Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Food Flavors Market, By Product Type
5.1 Introduction
5.2 Natural Flavors
5.3 Artificial Flavors
5.4 Nature-identical Flavors
6 Global Food Flavors Market, By Source Type
6.1 Introduction
6.2 Plant-based
6.3 Animal-based
6.4 Microbial-based
6.5 Synthetic-based
7 Global Food Flavors Market, By Form
7.1 Introduction
7.2 Liquid
7.3 Powder
7.4 Paste
8 Global Food Flavors Market, By Technology
8.1 Introduction
8.2 Flavor Encapsulation
8.3 Enzyme-assisted Extraction
8.4 Biotechnology-based Flavors
8.5 Other Technologies
9 Global Food Flavors Market, By Application
9.1 Introduction
9.2 Beverages
9.2.1 Carbonated Drinks
9.2.2 Fruit Juices
9.2.3 Energy Drinks
9.2.4 Alcoholic Beverages
9.3 Dairy & Frozen Products
9.3.1 Ice Cream
9.3.2 Yogurt
9.3.3 Flavored Milk
9.3.4 Fresh Diary Products
9.4 Bakery & Snacks
9.4.1 Breads & Rolls
9.4.2 Cakes & Pastries
9.4.3 Biscuits & Cookies
9.4.4 Savory Snacks
9.5 Confectionery
9.5.1 Chocolates
9.5.2 Hard Candies
9.5.3 Chewing Gums
9.5.4 Other Confectionery
9.6 Meat & Seafood
9.6.1 Processed Meat
9.6.2 Poultry Products
9.6.3 Seafood Products
9.7 Sauces, Seasonings & Condiments
9.7.1 Table Sauces
9.7.2 Cooking Sauces
9.7.3 Dry Seasonings
9.7.4 Dressings & Dips
9.8 Convenience Foods
9.8.1 Ready Meals
9.8.2 Instant Foods
9.8.3 Frozen Prepared Foods
9.8.4 Meal Kits
9.9 Other Food Applications
10 Global Food Flavors Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Archer-Daniels-Midland Company (ADM)
12.2 BASF SE
12.3 Corbion N.V.
12.4 Döhler Group
12.5 Firmenich SA
12.6 Givaudan
12.7 International Flavors & Fragrances Inc. (IFF)
12.8 Kerry Group plc
12.9 Koninklijke DSM N.V.
12.10 Robertet Group
12.11 Sensient Technologies Corporation
12.12 Symrise AG
12.13 Takasago International Corporation
12.14 Frutarom Industries Ltd.
12.15 Tate & Lyle PLC
12.16 SVZ International B.V.
12.17 SunOpta Inc.
12.18 AGRANA Group
List of Tables
1 Global Food Flavors Market Outlook, By Region (2022-2030) ($MN)
2 Global Food Flavors Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Food Flavors Market Outlook, By Natural Flavors (2022-2030) ($MN)
4 Global Food Flavors Market Outlook, By Artificial Flavors (2022-2030) ($MN)
5 Global Food Flavors Market Outlook, By Nature-identical Flavors (2022-2030) ($MN)
6 Global Food Flavors Market Outlook, By Source Type (2022-2030) ($MN)
7 Global Food Flavors Market Outlook, By Plant-based (2022-2030) ($MN)
8 Global Food Flavors Market Outlook, By Animal-based (2022-2030) ($MN)
9 Global Food Flavors Market Outlook, By Microbial-based (2022-2030) ($MN)
10 Global Food Flavors Market Outlook, By Synthetic-based (2022-2030) ($MN)
11 Global Food Flavors Market Outlook, By Form (2022-2030) ($MN)
12 Global Food Flavors Market Outlook, By Liquid (2022-2030) ($MN)
13 Global Food Flavors Market Outlook, By Powder (2022-2030) ($MN)
14 Global Food Flavors Market Outlook, By Paste (2022-2030) ($MN)
15 Global Food Flavors Market Outlook, By Technology (2022-2030) ($MN)
16 Global Food Flavors Market Outlook, By Flavor Encapsulation (2022-2030) ($MN)
17 Global Food Flavors Market Outlook, By Enzyme-assisted Extraction (2022-2030) ($MN)
18 Global Food Flavors Market Outlook, By Biotechnology-based Flavors (2022-2030) ($MN)
19 Global Food Flavors Market Outlook, By Other Technologies (2022-2030) ($MN)
20 Global Food Flavors Market Outlook, By Application (2022-2030) ($MN)
21 Global Food Flavors Market Outlook, By Beverages (2022-2030) ($MN)
22 Global Food Flavors Market Outlook, By Carbonated Drinks (2022-2030) ($MN)
23 Global Food Flavors Market Outlook, By Fruit Juices (2022-2030) ($MN)
24 Global Food Flavors Market Outlook, By Energy Drinks (2022-2030) ($MN)
25 Global Food Flavors Market Outlook, By Alcoholic Beverages (2022-2030) ($MN)
26 Global Food Flavors Market Outlook, By Dairy & Frozen Products (2022-2030) ($MN)
27 Global Food Flavors Market Outlook, By Ice Cream (2022-2030) ($MN)
28 Global Food Flavors Market Outlook, By Yogurt (2022-2030) ($MN)
29 Global Food Flavors Market Outlook, By Flavored Milk (2022-2030) ($MN)
30 Global Food Flavors Market Outlook, By Fresh Diary Products (2022-2030) ($MN)
31 Global Food Flavors Market Outlook, By Bakery & Snacks (2022-2030) ($MN)
32 Global Food Flavors Market Outlook, By Breads & Rolls (2022-2030) ($MN)
33 Global Food Flavors Market Outlook, By Cakes & Pastries (2022-2030) ($MN)
34 Global Food Flavors Market Outlook, By Biscuits & Cookies (2022-2030) ($MN)
35 Global Food Flavors Market Outlook, By Savory Snacks (2022-2030) ($MN)
36 Global Food Flavors Market Outlook, By Confectionery (2022-2030) ($MN)
37 Global Food Flavors Market Outlook, By Chocolates (2022-2030) ($MN)
38 Global Food Flavors Market Outlook, By Hard Candies (2022-2030) ($MN)
39 Global Food Flavors Market Outlook, By Chewing Gums (2022-2030) ($MN)
40 Global Food Flavors Market Outlook, By Other Confectionery (2022-2030) ($MN)
41 Global Food Flavors Market Outlook, By Meat & Seafood (2022-2030) ($MN)
42 Global Food Flavors Market Outlook, By Processed Meat (2022-2030) ($MN)
43 Global Food Flavors Market Outlook, By Poultry Products (2022-2030) ($MN)
44 Global Food Flavors Market Outlook, By Seafood Products (2022-2030) ($MN)
45 Global Food Flavors Market Outlook, By Sauces, Seasonings & Condiments (2022-2030) ($MN)
46 Global Food Flavors Market Outlook, By Table Sauces (2022-2030) ($MN)
47 Global Food Flavors Market Outlook, By Cooking Sauces (2022-2030) ($MN)
48 Global Food Flavors Market Outlook, By Dry Seasonings (2022-2030) ($MN)
49 Global Food Flavors Market Outlook, By Dressings & Dips (2022-2030) ($MN)
50 Global Food Flavors Market Outlook, By Convenience Foods (2022-2030) ($MN)
51 Global Food Flavors Market Outlook, By Ready Meals (2022-2030) ($MN)
52 Global Food Flavors Market Outlook, By Instant Foods (2022-2030) ($MN)
53 Global Food Flavors Market Outlook, By Frozen Prepared Foods (2022-2030) ($MN)
54 Global Food Flavors Market Outlook, By Meal Kits (2022-2030) ($MN)
55 Global Food Flavors Market Outlook, By Other Food Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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