Australia and New Zealand Food Flavors and Enhancers Market Report and Forecast 2025-2034

The Australia and New Zealand food flavors and enhancers market market size was valued at USD 199.09 Million in 2024 . The market is projected to expand at a CAGR of 4.05% over the forecast period from 2025 to 2034 to reach a valuation of USD 296.12 Million by 2034 .

Key Trends in the Market

Food flavors and enhancers are ingredients that are used to improve the taste, flavor, and visual appeal of food and beverage products. While food flavors aid in providing an additional flavor to a food or beverage product, food enhancers enhance the natural flavor of the food or beverage without adding any new flavor.

• Increasing consumer interest in experimenting with new flavors and innovations in foods and beverages is a key trend in the Australia and New Zealand food flavors and enhancers market. Supported by consumer interest, manufacturers are creating new flavor combinations, thereby enhancing the market demand in the region.
• Rising demand for non-alcoholic, sports nutrition, and functional beverages in Australia and New Zealand is anticipated to provide new opportunities to the food flavors and enhancers market. Natural extracts and exotic flavors are being increasingly incorporated into beverages to mask functional ingredients and appeal to new consumers.
• Growing public awareness regarding food ingredients and increasing health-consciousness are leading to a greater demand for clean label food flavors. Development of natural flavors from organic sources for clean labelled products is likely to bolster the Australia and New Zealand food flavors and enhancers market demand further.

Market Segmentation

The report titled “Australia and New Zealand Food Flavors and Enhancers Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Food Flavor
• Flavor Enhancers

Market Breakup by Application

• Dairy
• Bakery and Confectionery
• Savoury Snack
• Soups, Pastas, and Noodles
• Meat
• Beverage
• Others

Market Breakup by Region

• Australia
• New Zealand

Market Share by Type

Food flavors account for a sizable portion of the Australia and New Zealand food flavors and enhancers market share, fuelled by their growing usage across a wide range of food and beverage products. With the increasing consumer preference for flavorful foods and beverages, use of food flavors can improve their taste, leading to a higher demand from consumers. The growing preference for healthy foods and functional foods is also boosting the demand for food flavors to make these foods more palatable and mask any unpleasant tastes of functional ingredients. Among food flavors, rising consumer preference for natural foods and flavors is boosting the demand for natural flavors.

Market Share by Region

The significantly larger population and size of Australia as compared to New Zealand has aided Australia in occupying a greater share of the food flavors and enhancers market in the region. The food and beverage industry in Australia is also considerably larger, leading to a higher demand for food flavors and enhancers. Increasing disposable income and rising preference for flavorful foods and beverages in the country are contributing to the overall Australia and New Zealand food flavors and enhancers market growth. The well-established presence of key market players in Australia is enabling easier supply chains for food flavors and enhancers, facilitating usage by various food and beverage manufacturers.

Competitive Landscape

International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc. is an American corporation founded in 1889 that specialises in the production of various flavors, cosmetic actives, and fragrances. With headquarters in New York in the United States, the company is a global leader in sensorial experiences, biosciences, health, food, and beverage.

Kerry Group plc

Kerry Group plc, founded in 1972 and based in Tralee, Ireland, is a taste and nutrition ingredients and science company with a focus on sustainability. The vast product portfolio of the company includes taste ingredients, nutrition ingredients, functional ingredients, food solutions, beverage solutions, foodservice, and animal applications.

Givaudan International SA

Givaudan International SA, a flavors and fragrances specialist, was established in 1895 and is currently headquartered in Geneva, Switzerland. The focus areas of the company are taste and wellbeing, and fragrance and beauty, providing customers with solutions that are clean label, natural, and organic ingredients and products.

Other market players include Sensient Technologies Corporation, Firmenich SA, Takasago International Corporation, Cargill, Incorporated, Symrise Group, The Product Makers (TPM), and Key Food Solutions, among others.