Food Flavors Market forecast by Application & Type to 2023

1. MarketsandMarkets™ Presents Food Flavors Market - Global Forecast 2023 https://www.marketsandmarkets.com/Market-Reports/food-flavors-market-93115891.html

2. The food flavors market is estimated to be USD 13.56 billion in 2018 and is projected to reach USD 17.10 billion by 2023, at a CAGR of 4.8% during the forecast period. The demand for processed food & beverages is on the rise, due to which demand for food flavors is also growing. The demand for natural food flavors is increasing significantly across all regions with rising health awareness. Natural flavors offer varied health benefits and are widely accepted by consumers who are ready to pay premium prices for natural foods. Browse 177 market data Tables and 53 Figures spread through 203 Pages and in-depth TOC on "Food Flavors Market by Type (Chocolate & Browns, Vanilla, Fruits & Nuts, Dairy, Spices), Application (Beverages, Dairy, Confectionery, Bakery, Meat, Savory & Snacks), Origin (Natural and Artificial), Form, and Region - Global Forecast to 2023" This report includes estimations of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global food flavors market and to estimate the size of various other dependent submarkets. The key players in the market have been identified through secondary research (from sources such as press releases and paid databases such as Factiva and Bloomberg), annual reports, and financial journals; their market shares in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93115891

3. The fruits & nuts segment is estimated to account for the largest share of the food flavors market, by type, in 2018. On the basis of type, the fruits & nuts segment is estimated to account for the largest share of the food flavors market in 2018. Fruit & nut flavors are common in beverages, bakery products, dessert items, puddings, and energy bars. Fruits & nuts have numerous health benefits. Various energy drinks and non- carbonated drinks also have fruits & nuts flavors added to it. The beverages segment, by application, is estimated to account for the larger share in 2018. On the basis of application, the beverages segment accounted for the larger share of the market in 2018. Increasing demand for carbonated and non-carbonated energy drinks are key drivers of the segment. On the basis of form, the liquid segment is projected to be the faster-growing during the forecast period. Based on form, the liquid segment is projected to be the faster-growing. Liquid flavors are generally available in water-soluble and oil-soluble forms. Food flavors in the liquid form are used for food items such as beverages, dairy products, protein drinks, and pharmaceuticals. They are easy to mix and provide flavor consistency. On the basis of origin, the natural segment is projected to be the faster-growing during the forecast period. Based on origin, the natural segment is projected to be the faster-growing. Liquid flavors are generally available in water-soluble and oil-soluble forms. Consumer preference toward clean label and organic products drives the natural food flavors market. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=93115891

4. Asia Pacific is estimated to dominate the food flavors market in 2018. Asia Pacific is estimated to be the largest market for food flavors in 2018. This is due to the rising consumption of beverages, confectionery, dairy, and bakery products increasing in this region. China is witnessing economic development and rise in disposable income, due to which there is an increase in consumption of processed food items. This leads to the growth of the food flavors industry. This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Givaudan (Switzerland), International Flavors & Fragrances (US), Firmenich (Switzerland), Symrise (Germany), Frutarom (Israel), Sensient (US), MANE (France), Takasago (Japan), T.Hasegawa (Japan), and Robertet (France). The major restraining factor for the food flavors market is the availability of natural flavors. Another factor could be the stability of natural flavors, which changes with fluctuations in atmospheric or processing conditions such as pH, temperature, and light. Companies such as Givaudan (Switzerland), International Flavors & Fragrances (US), Firmenich (Switzerland), Symrise (Germany), and Frutarom (Israel) have acquired leading market positions through their broad product portfolios, along with a focus on diverse end-user segments. They are also focused on innovations and are geographically diversified. Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=93115891

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