HOME Top Market Reports Food Flavors Market by Type (Natural & Synthetic), Application & Geography - Global Trends & Forecast to 2018

Food Flavors Market by Type (Natural & Synthetic), Application & Geography - Global Trends & Forecast to 2018

By: marketsandmarkets.com
Publishing Date: March 2014
Report Code: FB 2256

 

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Flavors are used by food & beverage manufacturers to enhance the quality and taste of the product. Introduction of new flavors and better technology drives the market. The Food Flavors report provides a study on the global food flavors market categorizing food flavor based on their types, applications, and geography. The report includes forecasts for global as well as regional food flavor demand.

Market size, on the basis of product types and applications has also been analyzed. The report also analyzes the market value of food flavors type, based on their application. The regions covered in the report include North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy, Spain), Asia-Pacific (Japan, Indonesia, India, China, Australia-New Zealand), and Rest of the World (Latin America and the Middle East).

Food Flavors market report provides a comprehensive analysis of the food flavors market that witnesses a steady growth due to the diversified product portfolio available in the market. Different applications of flavors in food such as beverages, savory & snacks, bakery & confectionary, and dairy & frozen products, have been analyzed based on the type of flavors. In 2012, synthetic flavors accounted for the largest share in the market.

The growth strategies adopted by market players to sustain and garner a larger share have been identified and analyzed in the report. The food and beverage manufacturers have started focusing on the emerging Asian and Latin American markets as potential drivers of the food flavor. The market is estimated to observe growth potential in both developed and developing regions. The market growth is also attributed to an increase in the demand for processed food. U.S. is one of the largest markets.

Annual Food Flavors Market Value Analysis, 2011–2018 ($Million)

Food Flavors Market

E-estimated

P-projected

Source: MarketsandMarkets Analysis

The food flavors market is projected to grow at a CAGR of 5.3% from 2013 to 2018. Natural food flavor have attracted the attention of food ingredients manufacturers with increasing consumer demand for fresh and natural products. North America is the largest market for food flavor, followed by Asia-Pacific and Europe. Asia-Pacific represents the fastest growing market, followed by Europe.

Scope of the report

This report focuses on the food flavors market. This research categorizes the global market based on geography, types, and applications.

Based on types

  • Natural
  • Synthetic

Based on applications

  • Beverages
  • Savory & snacks
  • Bakery & confectionery
  • Dairy & frozen products
  • Others

Based on geography

  • North America
  • Europe
  • Asia-Pacific
  • ROW

Table Of Contents
 
1 Introduction (Page No. - 18)
   1.1 Key Take-Aways
   1.2 Report Description
   1.3 Markets Covered
   1.4 Stakeholders
   1.5 Research Methodology
       1.5.1 Market Size Estimation
             1.5.1.1 Market Crackdown & Data Triangulation
             1.5.1.2 Assumptions Made For the Food Flavors Market
             1.5.1.3 Key Data Points Taken From Secondary Sources
             1.5.1.4 Key Data Points Taken From Primary Sources

2 Executive Summary (Page No. - 30)

3 Premium Insights (Page No. - 32)

4 Industry Analysis (Page No. - 41)
   4.1 Introduction
   4.2 Supply Chain Analysis
   4.3 Market Share Analysis
   4.4 Regulating Safety of Food Flavors
       4.4.1 Introduction
       4.4.2 Variations in USFDA & EFSA
   4.5 Factors That Affect the Choice of Food Flavor
       4.5.1 Introduction
       4.5.2 Disadvantages in Using Food Flavor
   4.6 Related Markets
 
5 Market Overview (Page No. - 48)
   5.1 Introduction
   5.2 History & Evolution
   5.3 Market Statistics
       5.3.1 Food Flavors Market
       5.3.2 Total Addressable Market

6 Market Analysis (Page No. - 52)
   6.1 Introduction
   6.2 Winning Imperatives
       6.2.1 R&D & Innovation of Natural Flavors
       6.2.2 Certifications That Prove Naturality
   6.3 Burning Issue
       6.3.1 Health Issues Related to the Consumption of Synthetic Flavors
   6.4 Market Dynamics
       6.4.1 Drivers
             6.4.1.1 Increasing Demand of Health & Wellness Foods (Clean Label Products)
             6.4.1.2 Advanced Technological Innovation
             6.4.1.3 Increasing Consumer Preference Towards Convenience Foods & Ready-to-Eat Meals
       6.4.2 Restraints
             6.4.2.1 Lesser Stability & Availability of Natural Flavors
             6.4.2.2 Health Effects of Synthetic Flavors
       6.4.3 Opportunities
             6.4.3.1 Emerging Markets & Changing Consumer Lifestyle
             6.4.3.2 New Raw Material Sources
             6.4.3.3 Rise in Multifunctional Flavors
   6.5 Porter’s Five Forces Analysis
       6.5.1 Degree of Competition
       6.5.2 Bargaining Power of Suppliers
       6.5.3 Bargaining Power of Buyers
       6.5.4 Threat of New Entrants
       6.5.5 Threat of Substitutes

7 Food Flavors Market, By Type (Page No. - 66)
   7.1 Introduction
   7.2 Natural Flavors
       7.2.1 Natural Extracts
       7.2.2 Aroma Chemicals
       7.2.3 Essential Oils
       7.2.4 Other Natural Flavors
   7.3 Synthetic Flavors
       7.3.1 Fruit Flavors
       7.3.2 Citrus Flavors
       7.3.3 Savory Flavors
       7.3.4 Other Synthetic Flavors

8 Food Flavors Market, By Application (Page No. - 90)
   8.1 Introduction
   8.2 Beverages
   8.3 Savory & Snacks
   8.4 Bakery & Confectionery
   8.5 Dairy & Frozen Products
   8.6 Other Applications

9 Food Flavor Market, By Geography (Page No. - 140)
   9.1 Introduction
       9.1.1 New Innovations Lead the Food Flavors Market
   9.2 North America
       9.2.1 U.S.
       9.2.2 Canada
       9.2.3 Mexico
   9.3 Europe
       9.3.1 U.K.
       9.3.2 Germany
       9.3.3 France
       9.3.4 Italy
       9.3.5 Spain
       9.3.6 Rest of Europe
   9.4 Asia-Pacific
       9.4.1 Japan
       9.4.2 Indonesia
       9.4.3 India
       9.4.4 China
       9.4.5 Australia-New Zealand
       9.4.6 Rest of Asia-Pacific
   9.5 Rest of the World
       9.5.1 Latin America
       9.5.2 the Middle East
       9.5.3 Rest of ROW

10 Competitive Landscape (Page No. - 192)
   10.1 Introduction
   10.2 Expansion & Investment: Most Preferred Strategic Approach
   10.3 Key Market Strategies
   10.4 Mergers & Acquisitions
   10.5 Agreements, Partnerships & Collaborations
   10.6 New Product/Technology Launches
   10.7 Investments & Expansions

11 Company Profile (Page No. - 203)
   11.1 Firmenich SA
        11.1.1 Overview
        11.1.2 Product & Services
        11.1.3 Strategy & Insights
        11.1.4 Developments
        11.1.5 Swot Analysis
   11.2 Frutarom Industries Ltd.
        11.2.1 Overview
        11.2.2 Products & Services
        11.2.3 Strategy & Insights
        11.2.4 Developments
   11.3 Givaudan SA
        11.3.1 Overview
        11.3.2 Products & Services
        11.3.3 Strategy & Insights
        11.3.4 Developments
        11.3.5 Swot Analysis
   11.4 International Flavors & Fragrances Inc
        11.4.1 Overview
        11.4.2 Product & Services
        11.4.3 Strategy & Insights
        11.4.4 Developments
        11.4.5 Swot Analysis
   11.5 Kerry Group PLC
        11.5.1 Overview
        11.5.2 Products & Services
        11.5.3 Strategy & Insights
        11.5.4 Developments
        11.5.5 Swot Analysis
   11.6 V. Mane Fils SA.
        11.6.1 Overview
        11.6.2 Products & Services
        11.6.3 Strategy & Insights
        11.6.4 Developments
   11.7 Sensient Technologies Corporation
        11.7.1 Overview
        11.7.2 Products & Services
        11.7.3 Strategy & Insights
        11.7.4 Developments
        11.7.5 Swot Analysis
   11.8 Symrise AG
        11.8.1 Overview
        11.8.2 Products & Services
        11.8.3 Strategy & Insights
        11.8.4 Developments
   11.9 Takasago International Corporation
        11.9.1 Overview
        11.9.2 Products & Services
        11.9.3 Strategy & Insights
        11.9.4 Developments
   11.10 Wild Flavors, Inc.
        11.10.1 Overview
        11.10.2 Products & Services
        11.10.3 Strategy & Insights
        11.10.4 Developments

Appendix (Page No. - 254)
   Mergers & Acquisitions
   Agreements, Partnerships & Collaborations
   New Product/Technology Launches, 2009-2013
   Expansions & Investments


List Of Tables (137 Tables)

Table 1 Food Flavor Market Estimation
Table 2 Food Additives Market Value Share, By Type, 2012
Table 3 Synthetic Food Flavor Groups With Their Flavor Compounds
Table 4 Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 5 Food Flavor Market Volume, By Type, 2011-2018 (KT)
Table 6 Natural Food Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 7 Natural Food Flavor Market Volume, By Geography, 2011-2018 (KT)
Table 8 Natural Extracts Market Value, By Geography, 2011-2018 ($Million)
Table 9 Natural Extracts Market Volume, By Geography, 2011-2018 (KT)
Table 10 Aroma Chemicals Market Value, By Geography, 2011-2018 ($Million)
Table 11 Aroma Chemicals Market Volume, By Geography, 2011-2018 (KT)
Table 12 Essential Oils Market Value, By Geography, 2011-2018 ($Million)
Table 13 Essential Oils Market Volume, By Geography, 2011-2018 (KT)
Table 14 Other Natural Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 15 Other Natural Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 16 A Few Common Esters Used As Synthetic Flavoring Agents
Table 17 Synthetic Food Flavor Market Value, By Geography, 2011-2018 ($Million)
Table 18 Synthetic Food Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 19 Fruit Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 20 Fruit Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 21 Citrus Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 22 Citrus Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 23 Savory Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 24 Savory Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 25 Other Synthetic Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 26 Other Synthetic Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 27 Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 28 Food Flavors Market Volume, By Application, 2011-2018 (KT)
Table 29 Beverage Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 30 Beverage Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 31 Savory & Snacks Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 32 Savory & Snacks Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 33 Bakery & Confectionery Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 34 Bakery & Confectionery Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 35 Dairy & Frozen Product Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 36 Dairy & Frozen Product Flavors Market Volume, By Geography, 2011-2018 (KT)
Table 37 Other Food Flavor Applications Market Value, By Geography, 2011-2018 ($Million)
Table 38 Other Food Flavor Applications Market Volume, By Geography, 2011-2018 (KT)
Table 39 U.S.: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 40 U.S.: Market Volume, By Application, 2011-2018 (KT)
Table 41 Canada: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 42 Canada: Market Volume, By Application, 2011-2018 (KT)
Table 43 Mexico: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 44 Mexico: Market Volume, By Application, 2011-2018 (KT)
Table 45 U.K.: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 46 U.K.: Market Volume, By Application, 2011-2018 (KT)
Table 47 Germany: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 48 Germany: Market Volume, By Application, 2011-2018 (KT)
Table 49 France: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 50 France: Market Volume, By Application, 2011-2018 (KT)
Table 51 Italy: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 52 Italy: Market Volume, By Application, 2011-2018 (KT)
Table 53 Spain: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 54 Spain: Market Volume, By Application, 2011-2018 (KT)
Table 55 Rest of Europe: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 56 Rest of Europe: Market Volume, By Application, 2011-2018 (KT)
Table 57 Japan: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 58 Japan: Market Volume, By Application, 2011-2018 (KT)
Table 59 Indonesia: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 60 Indonesia: Food Flavors Market Volume, By Application, 2011-2018 (KT)
Table 61 India: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 62 India: Food Flavor Market Volume, By Application, 2011-2018 (KT)
Table 63 China: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 64 China: Market Volume, By Application, 2011-2018 (KT)
Table 65 Australia-New Zealand: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 66 Australia-New Zealand: Market Volume, By Application, 2011-2018 (KT)
Table 67 Rest of Asia-Pacific: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 68 Rest of Asia-Pacific: Market Volume, By Application, 2011-2018 (KT)
Table 69 Latin America: Food Flavor Market Value, By Application, 2011-2018 ($Million)
Table 70 Latin America: Market Volume, By Application, 2011-2018 (KT)
Table 71 The Middle East: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 72 The Middle East: Market Volume, By Application, 2011-2018 (KT)
Table 73 Rest of ROW: Food Flavors Market Value, By Application, 2011-2018 ($Million)
Table 74 Rest of ROW: Market Volume, By Application, 2011-2018 (KT)
Table 75 Food Flavors Market Value, By Geography, 2011-2018 ($Million)
Table 76 Food Flavor Market Volume, By Geography, 2011-2018 (KT)
Table 77 North America: Food Flavors Market Value, By Country, 2011-2018 ($Million)
Table 78 North America: Food Flavor Market Volume, By Country, 2011-2018 (KT)
Table 79 U.S.: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 80 U.S.: Food Flavor Market Volume, By Type, 2011-2018 (KT)
Table 81 Canada: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 82 Canada: Market Volume, By Type, 2011-2018 (KT)
Table 83 Mexico: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 84 Mexico: Market Volume, By Type, 2011-2018 (KT)
Table 85 Europe: Food Flavors Market Value, By Country, 2011-2018 ($Million)
Table 86 Europe: Market Volume, By Country, 2011-2018 (KT)
Table 87 U.K.: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 88 U.K.: Market Volume, By Type, 2011-2018 (KT)
Table 89 Germany: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 90 Germany: Market Volume, By Type, 2011-2018 (KT)
Table 91 France: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 92 France: Market Volume, By Type, 2011-2018 (KT)
Table 93 Italy: Food Flavor Market Value, By Type, 2011-2018 ($Million)
Table 94 Italy: Market Volume, By Type, 2011-2018 (KT)
Table 95 Spain: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 96 Spain: Food Flavor Market Volume, By Type, 2011-2018 (KT)
Table 97 Rest of Europe: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 98 Rest of Europe: Market Volume, By Type, 2011-2018 (KT)
Table 99 Asia-Pacific: Food Flavor Market Value, By Country, 2011-2018 ($Million)
Table 100 Asia-Pacific: Market Volume, By Country, 2011-2018 (KT)
Table 101 Japan: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 102 Japan: Market Volume, By Type, 2011-2018 (KT)
Table 103 Indonesia: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 104 Indonesia: Food Flavor Market Volume, By Type, 2011-2018 (KT)
Table 105 India: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 106 India: Food Flavor Market Volume, By Type, 2011-2018 (KT)
Table 107 China: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 108 China: Food Flavor Market Volume, By Type, 2011-2018 (KT)
Table 109 Australia-New Zealand: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 110 Australia-New Zealand: Market Volume, By Type, 2011-2018 (KT)
Table 111 Rest of Asia-Pacific: Food Flavor Market Value, By Type, 2011-2018 ($Million)
Table 112 Rest of Asia-Pacific: Market Volume, By Type, 2011-2018 (KT)
Table 113 ROW: Food Flavors Market Value, By Region, 2011-2018 ($Million)
Table 114 ROW: Food Flavor Market Volume, By Region, 2011-2018 (KT)
Table 115 Latin America: Food Flavor Market Value, By Type, 2011-2018 ($Million)
Table 116 Latin America: Flavor Market Volume, By Type, 2011-2018 (KT)
Table 117 The Middle East: Food Flavors Market Value, By Type, 2011-2018 ($Million)
Table 118 The Middle East: Food Flavor Market Volume, By Type, 2011-2018 (KT)
Table 119 Rest of ROW: Food Flavor Market Value, By Type, 2011-2018 ($Million)
Table 120 Rest of ROW: Market Volume, By Type, 2011-2018 (KT)
Table 121 Mergers & Acquisitions, 2013
Table 122 Agreements, Partnerships & Collaborations, 2012-2013
Table 123 New Product/Technology Launches, 2012-2013
Table 124 Investment & Expansions, 2013
Table 125 Firmenich: Products & Their Description
Table 126 Frutarom: Products & Their Descriptions
Table 127 Givaudan : Products & Their Description
Table 128 International Flavors and Fragrance Inc.: Products & Their Descriptions
Table 129 Kerry Group PLC.: Products & Their Descriptions
Table 130 Mane SA: Products & Their Descriptions
Table 131 Sensient Technologies Corporation: Products & Their Descriptions
Table 132 Symrise: Products & Their Descriptions
Table 133 Takasago International Corporation: Products & Their Descriptions
Table 134 Mergers & Acquisitions, 2009-2013
Table 135 Agreements, Partnerships & Collaborations, 2009-2013
Table 136 New Product/Technology Launches, 2009-2013
Table 137 Expansions & Investments, 2009-2013
 
 
List Of Figures (29 Figures)
 
Figure 1 Research Methodology
Figure 2 Food Flavor Market Size Estimation Methodology
Figure 3 Data Triangulation Methodology
Figure 4 Food Flavors Market Value, By Type & Geography, 2012 ($Million)
Figure 5 Food Flavor Market Segmentation
Figure 6 Food Flavor Market Value Analysis, By Geography, 2012–2018 ($Million)
Figure 7 Life Cycle of The Food Flavors Market, By Geography, 2012 Vs. 2018
Figure 8 Food Flavor Market Value Share, By Type, 2013 ($Million)
Figure 9 Food Flavor Market Value, By Type & Geography, 2012 ($Million)
Figure 10 Food Flavors Market Value, By Application & Geography, 2012 ($Million)
Figure 11 Drivers, Restraints, Opportunities, & Trend of The Food Flavor Market
Figure 12 Product Portfolio & Market Development Analysis, By Leading Company, 2009-2013
Figure 13 Porter’s Five Forces Analysis
Figure 14 Food Flavor Market Supply Chain Analysis
Figure 15 Market Share Analysis
Figure 16 Food Additives Market Value Share, By Type, 2012
Figure 17 Food Flavor Market Segmentation, By Type
Figure 18 Types of Food Flavors
Figure 19 Food Flavor Market Dynamics
Figure 20 Porter’s Five Forces Analysis
Figure 21 Food Flavor Market Value Share, By Geography, 2012
Figure 22 Food Flavor Market Volume Share, By Geography, 2012
Figure 23 North America: Food Flavor Market Value Share, By Country, 2012
Figure 24 Europe: Food Flavor Market Value Share, By Country, 2012
Figure 25 Asia-Pacific: Food Flavor Market Value Share, By Country, 2012
Figure 26 Food Flavors Market Developments, 2009-2013
Figure 27 Food Flavor Market Development Share, By GROWth Strategy, 2009–2013
Figure 28 Food Flavor Market Developments, By Growth Strategy, 2009–2013
Figure 29 Food Flavor Market Development Share, By Company, 2009–2013

The food flavor market in the food industry is estimated to reach $13.7 billion by 2018 signifying a moderate compound annual growth rate of 5.3%.

The role of food flavor in food processing has been essential in maintaining the product taste. Flavors are used in wide ranges of products that include bakery, snacks, confectionery, meat, poultry, seafood, etc. The food flavors market includes natural and synthetic flavors. The market is driven by changing consumer trends and food preferences. The food & beverage (F&B) processing industry also influences the food flavors market.

The food flavor market is driven by the consumer demand for processed food and beverages. The growth potential of the market also depends on the research and development, and opportunities to introduce new flavors. The market is characterized by the growing demand for natural food flavors. The trend of natural flavors has been originated from the appeal of the European nations to market clean label food products that are free of additives, especially chemical variants. Hence, the changing lifestyle and the booming food and beverage industry have driven the demand for natural flavors.

Food Flavor Market Value Share, by Type, 2012

Food Flavors Market

Source: Expert Interviews, Government Authorities, Related Research Publication, Government Publication, Company Press Release, Company Annual Report, Company Website, Company Publication, and MarketsandMarkets Analysis

In 2012, synthetic flavors accounted for a main share of the total food flavor market. The steady increase in demand for natural products is projected to increase the market value share of natural flavors by 2018.

Food Flavors Market Value Share, by Geography, 2012

Food Flavors Market

Source: Expert Interviews, Government Authorities, Related Research Publication, Government Publication, Company Press Release, Company Annual Report, Company Website, Company Publication, and MarketsandMarkets Analysis

North America formed the largest segment of the food flavor market in 2012. It is estimated to grow at a CAGR of 5.3% over the projected period. Asia-Pacific is estimated to be the second-largest market due to an increase in demand for processed food in the region. It is also projected to gain the fastest growth during the same period.

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