+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Food Flavors - Global Strategic Business Report

  • PDF Icon

    Report

  • 664 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5029907
The global market for Food Flavors is estimated at US$19.4 Billion in 2023 and is projected to reach US$24.9 Billion by 2030, growing at a CAGR of 3.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Natural Food Flavors segment, which is expected to reach US$12.2 Billion by 2030 with a CAGR of 3.6%. The Synthetic Food Flavors segment is also set to grow at 2.8% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $5.1 Billion in 2023, and China, forecasted to grow at an impressive 4.5% CAGR to reach $4.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Food Flavors Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Food Flavors Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Food Flavors Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as A&B Ingredients, Inc., Archer-Daniels-Midland Company (ADM), Ajinomoto Group, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 145 Featured):

  • A&B Ingredients, Inc.
  • Archer-Daniels-Midland Company (ADM)
  • Ajinomoto Group
  • Bell Flavours & Fragrances
  • Cargill, Incorporated
  • DPO International Sdn. Bhd.
  • Firmenich SA
  • Givaudan SA
  • Huabao International Holdings Limited
  • International Flavors & Fragrances Inc.
  • Kerry Group plc
  • Koninklijke DSM N.V.
  • Mane SA
  • Robertet Group
  • S.H. Kelkar & Company Limited (Keva)
  • Sensient Technologies Corporation
  • Symrise AG
  • T. Hasegawa Co., Ltd.
  • Takasago International Corporation

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Food Flavors - A Prelude
  • Flavors - The Largest Segment of the Global Food Additives Market
  • Global Economic Update
  • Competitive Landscape
  • Food Flavors - Global Key Competitors Percentage Market Share in 2021 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
  • Global Market Prospects and Outlook
  • Salient Drivers for the Global Food Flavors Market
  • Rising Income & Health Awareness Push Market Growth
  • Increasing Applications in Food & Beverage Industry
  • High Demand for Processed Foods
  • Consumer Attention on Natural Ingredients
  • Liquid-Form Food Flavors to Enjoy Immense Demand
  • Beverages Rule while Savory & Snacks Post Fastest Growth
  • Asia-Pacific Enjoys Scoop-Full of Revenue Share on Global Food Flavors Market
  • Natural and Savory & Snacks: Segments Hitting Perfect Spot in Food Flavors Market
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Food & Beverage Industry and Robust Application Opportunity in Beverages Drive Demand for Food Flavors
  • Demand Rises for Healthy and All-Natural Flavors
  • Flavor: An Ever-Changing Variable
  • Rising Demand for Ethnic Flavors in Packaged Food Products
  • Confectionery Category Favors Intense, Complex Flavors
  • Savory: A Flavor to Savor
  • New, Emerging Flavors in Major Food Categories
  • Increasing Demand for Citrus Flavors
  • Growing Appeal of Dairy-based Food Flavors
  • Immense Gains for Vegan & Plant-based Flavors
  • Innovative Flavors & Sustainability as Key Influencers in Snacks Market
  • New Omnichannel Eating
  • In-Tune with Immune
  • Newstalgia and Nostalgia
  • Flavor Mashups
  • Innovations in Flavor Science and Technology are Serving Healthier Desserts and Confections
  • Tapping into the Nostalgia Power
  • Better-for-you-and-your-Taste Buds
  • Spicy and Earthy
  • Giving Classics a Twist
  • Sweet Plus
  • Fermented Foods Witness Increased Popularity
  • Street Food
  • Rise of Health Megatrends Bolsters the Use of Natural Food Enhancers in Bakery Products
  • Surging Eclectic Flavor Combination Demand Encourages Flavor Manufacturers in North America to Adopt New Flavor Profiles
  • Flavors Deep Dive
  • Surging Demand for Sustainable and Natural Flavors
  • Use of Cannabis as a Natural Ingredient to Develop Flavors
  • Favorable Economic and Demographic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • World Population by Geographic Region (2018-2050) (in Thousands)
  • Expanding Urban Population
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Food Flavors Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027
  • Table 2: World Recent Past, Current & Future Analysis for Food Flavors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 3: World Historic Review for Food Flavors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 4: World 15-Year Perspective for Food Flavors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2024 & 2027
  • Table 5: World Recent Past, Current & Future Analysis for Natural by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 6: World Historic Review for Natural by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 7: World 15-Year Perspective for Natural by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 8: World Recent Past, Current & Future Analysis for Synthetic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 9: World Historic Review for Synthetic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 10: World 15-Year Perspective for Synthetic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 11: World Recent Past, Current & Future Analysis for Liquid & Gel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 12: World Historic Review for Liquid & Gel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 13: World 15-Year Perspective for Liquid & Gel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 14: World Recent Past, Current & Future Analysis for Dry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 15: World Historic Review for Dry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 16: World 15-Year Perspective for Dry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 17: World Recent Past, Current & Future Analysis for Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 18: World Historic Review for Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 19: World 15-Year Perspective for Beverages by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 20: World Recent Past, Current & Future Analysis for Bakery & Confectionery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 21: World Historic Review for Bakery & Confectionery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 22: World 15-Year Perspective for Bakery & Confectionery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 23: World Recent Past, Current & Future Analysis for Savory & Snacks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 24: World Historic Review for Savory & Snacks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 25: World 15-Year Perspective for Savory & Snacks by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 26: World Recent Past, Current & Future Analysis for Dairy & Frozen Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 27: World Historic Review for Dairy & Frozen Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 28: World 15-Year Perspective for Dairy & Frozen Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 29: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2027 and % CAGR
  • Table 30: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2022 and % CAGR
  • Table 31: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Food Flavors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • A&B Ingredients, Inc.
  • Archer-Daniels-Midland Company (ADM)
  • Ajinomoto Group
  • Bell Flavours & Fragrances
  • Cargill, Incorporated
  • DPO International Sdn. Bhd.
  • Firmenich SA
  • Givaudan SA
  • Huabao International Holdings Limited
  • International Flavors & Fragrances Inc.
  • Kerry Group plc
  • Koninklijke DSM N.V.
  • Mane SA
  • Robertet Group
  • S.H. Kelkar & Company Limited (Keva)
  • Sensient Technologies Corporation
  • Symrise AG
  • T. Hasegawa Co., Ltd.
  • Takasago International Corporation

Table Information