Flavoring Agents Market Share, Size, Trends, Industry Analysis Report, By Type, By Application, By Region; Segment Forecast, 2021

The global flavoring agents market size is expected to reach USD 23.06 billion by 2028 according to a new study. The report “Flavoring Agents Market Share, Size, Trends, Industry Analysis Report, By Type (Natural Flavor, Artificial Flavor), By Application (Beverages, Bakery, Dairy, Savory & convenience foods, Confectionery, Meat, Others), By Region; Segment Forecast, 2021 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Due to the consumption of packaged and prepared foods, both in advanced and developing regions, the global flavoring agents is likely to see significant market growth throughout the forecast period. Flavoring agents are being used to improve the quality of food, especially in products that have lost their natural flavor over time.

Flavoring additives are complex mixtures obtained from plants or artificial processes that are used to change the flavor of a product. Flavoring additives improve the product’s taste, which helps to stimulate appetite. Furthermore, the s- U.Stance is widely used in the food processing industry, where natural flavor deterioration is visible over the period.

The major drivers for the market are rising disposable income and increased interest in different opportunities and foreign c- U.Sines as a result of global travel. Furthermore, modern lives have led to an increase in processed food demand. Manufacturing companies of pet food, drinks, dairy & frozen foods, e-cigarettes, bakery & confectionaries, pharmaceuticals, canned foods, and vapor machines all use these flavoring agents.

Because of the health benefits of natural flavors, strict rules and regulations governing product labeling have pushed food and beverage producers to use them. Furthermore, as people become more health-conscious, natural flavoring agents are becoming more widely accepted in the food and beverage industry. Flavoring agents are also in high market demand from producers of sports, carbonated, energy, and alcoholic beverages around the world.

High production costs and the strict laws governing food additives, the market demand for flavoring agents is expected to be stifled. Because of the effect of flavoring agents on public health, the European Flavor and Fragrance Association has enacted laws limiting the use of flavoring agents in various forms of food items such as dairy, beverage, bakery, snacks, and convenience foods.

Asia Pacific is anticipated to witness s- U.Stantially growth in the coming years. The Indian government has announced 51% foreign direct investment in multi-brand retail and 100% foreign direct investment in food manufacturing and singular retail. This would improve distribution networks and jobs in the region, impact the growth of beverage flavoring systems, and leading to the development of the FMCG industry. In the Asian region, the demand for sports drinks, packaged juices, and energy drinks is allowed to spur up demand for flavoring agents.

Market participants such as Givaudan SA, Takasago, International Flavors & Fragrances Inc., Sensient, Kerry, Mane, Symrise AG, Wild, Haubao, Hasegawa, Firmenich, and Robertet some of the key players operating in the market for flavoring agents.

The publisher has segmented the flavoring agents market report based on type, application, and region:

Flavoring Agents, Type Outlook (Revenue - USD Billion, 2016 - 2028)

atural flavor
Artificial flavor

Flavoring Agents, Application (Revenue - USD Billion, 2016 - 2028)

Beverages
Bakery
Dairy
Savory & Convenience Foods
Confectionery
Meat Others

Flavoring Agents, Regional Outlook (Revenue - USD Billion, 2016 - 2028)

North America
U.S
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa

Frequently Asked Questions about the Flavoring Agents Market

What is the estimated value of the Flavoring Agents Market?

The Flavoring Agents Market was estimated to be valued at $16.06 Billion in 2021.

What is the growth rate of the Flavoring Agents Market?

The growth rate of the Flavoring Agents Market is 4.8%, with an estimated value of $23.06 Billion by 2028.

What is the forecasted size of the Flavoring Agents Market?

The Flavoring Agents Market is estimated to be worth $23.06 Billion by 2028.

Who are the key companies in the Flavoring Agents Market?

Key companies in the Flavoring Agents Market include Givaudan SA, Takasago, International Flavors & Fragrances Inc., Sensient, Kerry, Mane, Symrise AG, Wild and Hasegawa.

Report Attribute	Details
No. of Pages	107
Published	May 2021
Forecast Period	2021 - 2028
Estimated Market Value ( USD ) in 2021	$ 16.06 Billion
Forecasted Market Value ( USD ) by 2028	$ 23.06 Billion
Compound Annual Growth Rate	4.8%
Regions Covered	Global
No. of Companies Mentioned	12

1. Introduction

1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Flavoring Agents Market Insights

4.1. Flavoring Agents - Industry snapshot
4.2. Flavoring Agents Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing popularity of processed foods
4.2.1.2. Rising preference towards convenience foods
4.2.2. Restraints and Challenges
4.2.2.1. Possible cases of adulteration
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Flavoring Agents Market Industry trends
4.6. COVID-19 Impact Analysis

5. Flavoring Agents Market Assessment by Type

5.1. Key Findings
5.2. Introduction
5.2.1. Global Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
5.3. Natural flavor
5.3.1. Global Flavoring Agents Market, by Natural flavor, by Region, 2016 - 2028 (USD Million)
5.4. Artificial flavor
5.4.1. Global Flavoring Agents Market, by Artificial flavor, by Region, 2016 - 2028 (USD Million)

6. Global Flavoring Agents Market, by Application

6.1. Key Findings
6.2. Introduction
6.2.1. Global Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
6.3. Beverages
6.3.1. Global Flavoring Agents Market, by Beverages, By Region, 2016 - 2028 (USD Million)
6.4. Bakery
6.4.1. Global Flavoring Agents Market, by Bakery, by Region, 2016 - 2028 (USD Million)
6.5. Dairy
6.5.1. Global Flavoring Agents Market, by Dairy, by Region, 2016 - 2028 (USD Million)
6.6. Savory & convenience foods
6.6.1. Global Flavoring Agents Market, by Savory & convenience foods, by Region, 2016 - 2028 (USD Million)
6.7. Confectionery
6.7.1. Global Flavoring Agents Market, by Confectionery, by Region, 2016 - 2028 (USD Million)
6.8. Meat
6.8.1. Global Flavoring Agents Market, by Meat, by Region, 2016 - 2028 (USD Million)
6.9. Others
6.9.1. Global Flavoring Agents Market, by Others, by Region, 2016 - 2028 (USD Million)

7. Flavoring Agents Market Assessment by Geography

7.1. Key findings
7.2. Introduction
7.2.1. Flavoring Agents Market Assessment, By Geography, 2016 - 2028 (USD Million)
7.3. Flavoring Agents Market - North America
7.3.1. North America: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.3.2. North America: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.3.3. Flavoring Agents Market - U.S.
7.3.3.1. U.S.: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.3.3.2. U.S.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.3.4. Flavoring Agents Market - Canada
7.3.4.1. Canada: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.3.4.2. Canada.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.4. Flavoring Agents Market - Europe
7.4.1. Europe: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.4.2. Europe: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.4.3. Flavoring Agents Market - UK
7.4.3.1. UK: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.4.3.2. UK: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.4.4. Flavoring Agents Market - France
7.4.4.1. France: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.4.4.2. France: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.4.5. Flavoring Agents Market - Germany
7.4.5.1. Germany: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.4.5.2. Germany: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.4.6. Flavoring Agents Market - Italy
7.4.6.1. Italy: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.4.6.2. Italy: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.4.7. Flavoring Agents Market - Spain
7.4.7.1. Spain: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.4.7.2. Spain: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.4.8. Flavoring Agents Market - Netherlands
7.4.8.1. Netherlands: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.4.8.2. Netherlands: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.4.9. Flavoring Agents Market - Austria
7.4.9.1. Austria: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.4.9.2. Austria: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.5. Flavoring Agents Market - Asia-Pacific
7.5.1. Asia Pacific: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.5.2. Asia Pacific: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.5.3. Flavoring Agents Market - China
7.5.3.1. China: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.5.3.2. China: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.5.4. Flavoring Agents Market - India
7.5.4.1. India: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.5.4.2. India.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.5.5. Flavoring Agents Market - Malaysia
7.5.5.1. Malaysia: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.5.5.2. Malaysia: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.5.6. Flavoring Agents Market - Japan
7.5.6.1. Japan: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.5.6.2. Japan: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.5.7. Flavoring Agents Market - Indonesia
7.5.7.1. Indonesia: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.5.7.2. Indonesia: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.5.8. Flavoring Agents Market - South Korea
7.5.8.1. South Korea: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.5.8.2. South Korea.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.6. Flavoring Agents Market - Middle East & Africa
7.6.1. Middle East & Africa: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.6.2. Middle East & Africa.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.6.3. Flavoring Agents Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.6.3.2. Saudi Arabia.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.6.4. Flavoring Agents Market - UAE
7.6.4.1. UAE: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.6.4.2. UAE: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.6.5. Flavoring Agents Market - Israel
7.6.5.1. Israel: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.6.5.2. Israel: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.6.6. Flavoring Agents Market - South Africa
7.6.6.1. South Africa: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.6.6.2. South Africa: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.7. Flavoring Agents Market - Latin America
7.7.1. Latin America: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.7.2. Latin America: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.7.3. Flavoring Agents Market - Mexico
7.7.3.1. Mexico: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.7.3.2. Mexico.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.7.4. Flavoring Agents Market - Brazil
7.7.4.1. Brazil: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.7.4.2. Brazil.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
7.7.5. Flavoring Agents Market - Argentina
7.7.5.1. Argentina: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
7.7.5.2. Argentina.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisition
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Givaudan SA
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Takasago
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. International Flavors & Fragrances Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. SensientFlavors LLC
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Symrise AG
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Firmenich
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Robertet SA
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. T. Hasegawa Co., Ltd.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Frutarom Industries Ltd
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. RFI Ingredients, Inc
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Archer Daniels Midland Company
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Synergy Flavors, Inc
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. MANE Inc
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. McCormick & Company
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development

List of Tables

Table 1. Global Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 2. Global Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 3. Flavoring Agents Market Assessment, By Geography, 2016 - 2028 (USD Million)
Table 4. North America: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 5. North America: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 6. U.S.: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 7. U.S.: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 8. Canada: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 9. Canada: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 10. Europe: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 11. Europe: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 12. UK: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 13. UK: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 14. France: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 15. France: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 16. Germany: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 17. Germany: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 18. Italy: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 19. Italy: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 20. Spain: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 21. Spain: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 22. Netherlands: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 23. Netherlands: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 24. Austria: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 25. Austria: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 26. Asia Pacific: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 27. Asia Pacific: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 28. China: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 29. China: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 30. India: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 31. India: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 32. Malaysia: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 33. Malaysia: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 34. Japan: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 35. Japan: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 36. Indonesia: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 37. Indonesia: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 38. South Korea: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 39. South Korea: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 40. Middle East & Africa: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 41. Middle East & Africa: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 42. Saudi Arabia: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 43. Saudi Arabia: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 44. UAE: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 45. UAE: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 46. Israel: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 47. Israel: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 48. South Africa: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 49. South Africa: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 50. Latin America: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 51. Latin America: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 52. Mexico: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 53. Mexico: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 54. Brazil: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 55. Brazil: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)
Table 56. Argentina: Flavoring Agents Market, By Type, 2016 - 2028 (USD Million)
Table 57. Argentina: Flavoring Agents Market, By Application, 2016 - 2028 (USD Million)

List of Figures

Figure 1 Market Highlights (2020, Revenue)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top Down & Bottom Up Approach
Figure 4 Market by Geography
Figure 5 Porter’s Five Forces
Figure 6 Market by Type
Figure 7 Global Flavoring Agents Market, By Type, 2020 & 2028 (USD Million)
Figure 8 Market by Application
Figure 9 Global Flavoring Agents Market, By Application, 2020 & 2028 (USD Million)
Figure 10 Flavoring Agents Market Assessment, By Geography, 2016 - 2028 (USD Million)
Figure 11 Strategic Analysis - Flavoring Agents Market