Food Flavors Market by Type (Natural and Artificial) and End User (Beverage, Savory & Snack, Bakery & Confectionery, Dairy & Frozen Product, and Animal & Pet Food): Global Opportunity Analysis and Industry Forecast, 2018 - 2025
- Published Date: 2020-10-18
- Report ID: 3251
- Pages: 278
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Format:
Food Flavors Market Overview:
Food flavors are commonly used to improve the taste of food products. Flavor additives mainly include natural and synthesized flavors. Perishable foods after processing and preserving tend to lose their flavor over time, which creates the need to use flavoring substances to help maintain the flavor. The food & beverage industry requires flavors for different purposes such as new product development, add new product line, and change the taste of existing product. High demand for new flavors from the food & beverages industry and continuous innovation drive the global food flavors market. In addition, increase in requirement from the fast food industry is expected to provide growth opportunities in the food flavors market during the forecast period.
Rise in concern among consumers about the long-term health effects of artificial ingredients and additives in food products has increased the demand for natural and healthy ingredients in food products, which majorly drives the food flavors market. Other major drivers in the market include increase in demand for processed food & beverages with growth in disposable incomes, rise in the demand for unique flavors in various food applications, and surge in popularity of exotic flavors. Apart from this, food flavor manufacturers have been adopting new technologies to produce better varieties of natural and artificial flavors to increase their stability and suitability. For instance, producing fruit flavors is a complicated task as the original taste and flavor is reduced during the extraction process, which makes it difficult to retain the original flavor. Therefore, to retain its flavor, manufacturers are inventing and adopting advanced technologies such as solid-liquid extraction (SLE), supercritical carbon dioxide extraction, supercritical fluid extraction, and others. Thus, technological advancements help develop innovative flavors to cater to the change in customer taste requirements, which contributes to the growth of the food flavors market. However, chemicals utilized to make these food flavors are sourced from petroleum and other volatile chemicals, which have adverse effects on human health. Thus, consumers avoid consumption of food products that contain artificial additives or flavors. This fact indirectly affects the growth of the food flavors market. In addition, various governments have imposed stringent regulations on the chemicals used for manufacturing food products, which is a restraining factor for this market. Growth in consumption of processed and ready-to-eat foods, bakery and confectionery items, savory and snacks, fast food items, and beverages in the developed and emerging markets has fueled the demand for various food flavors. The emerging Asian and Latin American markets are expected to exhibit great potential for the food flavors market.
The global food flavors market is segmented based on type, end user, and region. Based on type, it is categorized into natural and artificial flavors. Based on end user, it is divided into beverages, dairy & frozen products, bakery & confectionery, savory & snacks, and animal & pet food. The beverages market is further classified into hot drinks, soft drinks, and alcoholic drinks. The dairy & frozen products segment is bifurcated into dairy products and meat. The bakery & confectionery segment is further categorized as bakery, chocolate, confectionery, and ice cream. The savory & snacks market is divided into savory and snacks. The animal & pet food is classified into animal feed and pet food. Based on region, it is analyzed across Asia-Pacific, North America, Western Europe, Eastern Europe, and LAMEA.
Some of the key players analyzed in this market are Kerry Group, Plc., Givaudan, Firmenich, Symrise AG, Sensient Technologies Corporation, Frutarom Industries, Hasegawa Co. Ltd., International Flavors & Fragrances Inc., Takasago International Corporation, Wild Flavors, and Huabao International.
Key Benefits for Food Flavors Market:
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global food flavors market from 2018 to 2025 to identify the prevailing market opportunities.
The key countries in all the major regions are mapped based on their share in the global food flavors market.
Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
In-depth analysis of the global food flavors market segmentation assists in determining the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global food flavors industry. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the key players operating in the global food flavors market.
The report includes an analysis of the regional as well as the global food flavors market, key players, market segments, application areas, and growth strategies.
Food Flavors Key Market Segments:
By Type
Natural
Artificial (Synthetic)
By End User
Beverage
Hot Drinks
Soft Drinks
Alcoholic Drinks
Dairy & Frozen Product
Dairy Products
Meat
Bakery & Confectionery
Bakery
Chocolate
Confectionery
Ice Cream
Savory & Snacks
Savory
Snacks
Animal & Pet Food
Animal Feed
Pet Food
By Region
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
North America
U.S.
Canada
Mexico
Western Europe
UK
Germany
France
The Netherlands
Spain
Belgium
Rest of Western Europe
Eastern Europe
Russia
Poland
Czech Republic
Rest of Eastern Europe
Latin America
Brazil
Argentina
Colombia
Chile
Rest of Latin America
Middle East
Turkey
Israel
Iran
Saudi Arabia
Rest of Middle East
Africa
Morocco
South Africa
Nigeria
Rest of Africa
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key Findings of The Study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top investment pocket
3.2.2. Top impacting factors
3.3. Porter's Five Forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitution
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growing demand for RTE meal and fast foods
3.4.1.2. Increase in use of health products
3.4.1.3. Technological strides
3.4.1.4. Rise in income levels
3.4.2. Restraints
3.4.2.1. Surge in side effects of artificial flavors
3.4.2.2. Stringent government regulations
3.4.2.3. Rising health awareness among consumers
3.4.3. Opportunities
3.4.3.1. Opportunities in the unpenetrated and under penetrated developing countries
CHAPTER 4: FOOD FLAVORS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Natural Flavors
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis, by country
4.3. Artificial Flavors
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis, by country
CHAPTER 5: FOOD FLAVORS MARKET, BY END USER
5.1. Overview
5.1.1. Market size and forecast
5.2. Beverages
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis, by country
5.2.4. Hot Drinks
5.2.4.1. Key market trends, growth factors and opportunities
5.2.5. Soft Drinks
5.2.5.1. Key market trends, growth factors and opportunities
5.2.6. Alcoholic Drinks
5.2.6.1. Key market trends, growth factors and opportunities
5.3. Dairy & Frozen Products
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis, by country
5.3.4. Dairy Products
5.3.4.1. Key market trends, growth factors and opportunities
5.3.5. Frozen Products
5.3.5.1. Key market trends, growth factors and opportunities
5.4. Bakery & Confectionery
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. Market analysis, by country
5.4.4. Bakery
5.4.4.1. Key market trends, growth factors and opportunities
5.4.5. Chocolate
5.4.5.1. Key market trends, growth factors and opportunities
5.4.6. Confectionery
5.4.6.1. Key market trends, growth factors and opportunities
5.4.7. Ice Cream
5.4.7.1. Key market trends, growth factors and opportunities
5.5. Savory & Snacks
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.3. Market analysis, by country
5.5.4. Savory
5.5.4.1. Key market trends, growth factors and opportunities
5.5.5. Snacks
5.5.5.1. Key market trends, growth factors and opportunities
5.6. Animal & Pet Food
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.6.3. Market analysis, by country
5.6.4. Animal Feed
5.6.4.1. Key market trends, growth factors and opportunities
5.6.5. Pet Food
5.6.5.1. Key market trends, growth factors and opportunities
CHAPTER 6: FOOD FLAVORS MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast
6.2. Asia-Pacific
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. China
6.2.4. Japan
6.2.5. India
6.2.6. Australia
6.2.7. South Korea
6.2.8. Rest of Asia-Pacific
6.3. North America
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. U.S.
6.3.4. Canada
6.3.5. Mexico
6.4. Western Europe
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. UK
6.4.4. Germany
6.4.5. France
6.4.6. Netherlands
6.4.7. Spain
6.4.8. Belgium
6.4.9. Rest of Western Europe
6.5. Eastern Europe
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. Russia
6.5.4. Poland
6.5.5. Czech Republic
6.5.6. Rest of Eastern Europe
6.6. Latin America
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast
6.6.3. Brazil
6.6.4. Argentina
6.6.5. Colombia
6.6.6. Chile
6.6.7. Rest of Latin America
6.7. Middle East
6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast
6.7.3. Turkey
6.7.4. Israel
6.7.5. Iran
6.7.6. Saudi Arabia
6.7.7. Rest of Middle East
6.8. Africa
6.8.1. Key market trends, growth factors, and opportunities
6.8.2. Market size and forecast
6.8.3. Morocco
6.8.4. South Africa
6.8.5. Nigeria
6.8.6. Rest of Africa
CHAPTER 7: COMPANY PROFILES
7.1. FIRMENICH SA
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.1.7. SWOT analysis
7.2. FRUTAROM INDUSTRIES LTD
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.2.7. SWOT analysis
7.3. GIVAUDAN
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.3.7. SWOT analysis
7.4. HUABAO INTERNATIONAL HOLDINGS LIMITED
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.4.7. SWOT analysis
7.5. INTERNATIONAL FLAVORS & FRAGRANCES INC.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.5.7. SWOT analysis
7.6. KERRY GROUP, PLC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.6.7. SWOT analysis
7.7. V. MANE FILS SA
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.7.7. SWOT analysis
7.8. ROBERTET SA
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.8.7. SWOT analysis
7.9. SENSIENT TECHNOLOGIES CORPORATION
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments
7.9.7. SWOT analysis
7.10. SYMRISE AG
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments
7.10.7. SWOT analysis
7.11. TAKASAGO INTERNATIONAL CORPORATION
7.11.1. Company overview
7.11.2. Company snapshot
7.11.3. Operating business segments
7.11.4. Product portfolio
7.11.5. Business performance
7.11.6. Key strategic moves and developments
7.11.7. SWOT analysis
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