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Increase in demand for different flavorings, high demand for authentic and natural flavorings, change in the lifestyle and increased demand for healthy and natural food flavorings coupled with increase in the research and innovation by the manufacturers and expansion of food industry is driving the market growth of food and beverages industry during the forecast period.
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Food Flavors Market To Reach USD 19.72 Billion By 2026
Market Summary Market Size – USD 13.31 Billion in 2018, Market Growth - CAGR of 5%, Market Trends – Product launches and research for authentic Food Flavors According to the current analysis of Reports and Data, the global Food Flavors market was valued at USD 13.31 Billion in 2018 and is expected to reach USD 19.72 Billion by year 2026, at a CAGR of 5%. Food flavors are additives that are used during food preparation in order to alter or enhance the taste and smell of the food product. Further key findings from the report suggest • This industry is growing at a CAGR of 7% in Asia Pacific followed by Europe and North America, with 4.9% and 4.8% CAGR, respectively. Increase in demand for authentic and exotic flavorings is expected to drive the growth of food flavors. As of 2018, Natural Flavors is the dominating segment in this industry, which holds 52.2% of the global share. Asia Pacific region is the chief revenue generating source for this product segment, followed by Europe and North American regions. • Beverages application type segment is expected to be the fastest growing segment during forecast period 2019-2026 with a CAGR of 5.7%. Beverages segment can further be divided into carbonated, non-carbonated, diet and health drinks. • www.reportsanddata.com
Market Summary Key Players: Givaudan (Switzerland), International Flavors & Fragrances (US), Firmenich (Switzerland), Symrise (Germany), Frutarom (Israel), Sensient (US), MANE (France), Takasago (Japan), T.Hasegawa (Japan), and Robertet (France). Segmentation: Segmentation by type: Origin Type (Revenue, USD Million; 2016–2026) Natural Artificial Product Type (Revenue, USD Million; 2016–2026) Brown Chocolate & Vanilla Dairy Fruits & Nuts Spices Others Here, you can avail sample PDF pages and 30 mins free consultation: https://www.reportsanddata.com/sample-enquiry-form/2028 www.reportsanddata.com
Market Summary Segmentation by Application: Beverages Dairy Confectionery & Snacks Meat Others Regional Outlook for Food Flavors Market analyses the following geographies: North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Avail this report at Attractive Discount rates! Click here to know more @ https://www.reportsanddata.com/discount-enquiry-form/2028 www.reportsanddata.com
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
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