The GMI Research does a complete study and encounters the growing demand for natural ingredients in food items is the prime factor fueling the global food flavor market. Customers are becoming more anxious globally about the health effects of additives and artificial ingredients in food items.
Introduction of the Food Flavor Market
The flavor is the perceptible taste of a food substance and is driven mainly by the chemical senses of smell and taste. The food flavors are extensively used to enhance the taste of food. The food’s flavor can alter with natural or artificial ingredients. It can change the flavor of food by changing the smell by keeping the taste remains same. The flavoring agents concentrate on enhancing the flavors of natural food items like meats and vegetables or inventing flavor for those that do not have the desired taste such as, snacks and candies.
Key Players of the Market
- International Flavors & Fragrances
- Cargill Inc.
- Sensient Technologies Corporation
- Takasago International Corporation
- Kerry Group
- Firmenich SA
Food Flavor Market Dynamics
The prime factor accelerating the growth of the global food flavors market is the increasing health concerns towards natural food products among consumers. The consumers’ increase their preference over natural flavors followed by the growing applications of food flavors in food products will further boost the market growth.
Various multinational companies are concentrating on exotic and delicious food flavors, which will further attract countless customers to adopt food flavors to improve the taste of their food. In addition, the grooming lifestyle of end-users, high demand for processed food products, and the introduction of innovative, safe, and attractive packaging, such as self-chilling beverage cans, will create numerous growth opportunities in the market. Besides, the high cost of the production of natural flavors and lower shelf-life of the ingredients are the restraining factors of the market over the forecast period.
Application Segmentation Market Drivers
The Beverage segment accounts for the largest share of the overall food flavor market over the forecast period due to the expeditious growth in the beverage industry compelled by varied customer tastes and preferences. The beverage industry primarily uses flavors, including high fructose corn syrup (HFCS), citric acid, phosphoric acid, malic acid, and sucralose acid. Natural flavors are gaining popularity among end-users on a global scale, motivating manufacturers to go for natural flavors to catch the changing demand of the target audience.
Origin Segmentation Market Drivers
The Artificial synthetic segment envisages growing at a higher CAGR over the forecast period. The artificial flavors help to provide a similar to that of natural ingredients. The rising demand for artificial ingredients for flavors while keeping the taste of natural ingredients remains similar and cost-effective compared to natural ingredients are the factors that fuel the growth of this segment.
The South American region accounts to lead the market over the forecast period. Nutritional beverages and soft drinks consumption rise in developed countries like Brazil and Argentina. The changing food habits of the customer and speedy modernization will raise the demand for processed food products, thereby boosting the growth of the food flavors market. Besides, the inflation in the population and growing disposable income across the South American region will further have a positive effect on the rising demand of the market in the coming years.
Global Magnetic Sensor Market Segmentation
Segmentation by Type
- Chocolate & brown flavors
- Fruits & nuts
Segmentation by Type
- Hot Drinks
- Soft Drinks
- Alcoholic Drinks
- Other Drinks
- Dairy Products
- Ice Cream
- Other Dairy Products
- Confectionery Products
- Other Confectionery Products
- Baked Products
- Meat Products
- Savory & Snacks
- Frozen Products
Segmentation by Origin
- Nature Identical
- Artificial/ Synthetic
- Global Food Flavors Market by Form
Segmentation by Region
- The United States of America
- The United Kingdom
- Rest of Europe
- Rest of APAC
- South Africa
- Saudi Arabia
- Rest of RoW
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