HOME Top Market Reports Food Flavors Market by Type (Chocolate, Vanilla, Fruits & Nuts, Others), Origin (Natural, Synthetic), Application (Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others), & by Region - Global Forecast to 2020

Food Flavors Market by Type (Chocolate, Vanilla, Fruits & Nuts, Others), Origin (Natural, Synthetic), Application (Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others), & by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: FB 2256

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Flavor is a sensory impression of food or any other substance, which is determined by chemical senses of taste and smell. There are varied types of food additives added to food and beverages to make products tastier and more appealing. Flavors are prepared by the mixture of volatile chemicals. These are added to food products to either deliver a specific flavor or to enhance an existing flavor. Apart from food and beverages applications, flavors are also used in the oral care industry and pharmaceuticals. The report provides a study on the global food flavors market categorizing food flavors based on their origin, type, application, and region. The report includes forecasts for global as well as regional food flavors market.

Food flavors are primarily segmented as natural and synthetic flavors. The regions covered in this report include North America (U.S., Canada, and Mexico), Europe (the U.K., Germany, France, Italy, Spain), Asia-Pacific (Japan, Indonesia, India, China, Australia-New Zealand), and rest of the world (Latin America, Africa and the Middle East).

The report provides a complete analysis of the leading players in the food flavors segment, highlight key segments that occupy maximum market shares, with a clear insight and commentary on developments and trends. The report also includes a chronology of developments with respect to new products, and their applications, ensuring coverage of latest findings in the flavor extraction technology. The market dynamics is also attributed to the growing demand and penetration of organic food products. The variants and combination methods used to provide flavors to food are bound to undergo further developments with growing demands and concerns for food safety legislations and regulations.

The food flavors market is projected to grow at a CAGR of 5.4% from 2015 to 2020. Natural food flavors have attracted attention of food ingredients manufacturers, with increasing consumer demand for fresh and natural products. North America is the largest market for food flavors, followed by Asia-Pacific and Europe. Asia-Pacific represents the fastest growing market, followed by Europe.

Food Flavors Market

The food flavors market, in terms of value, is projected to reach USD 15.1 Billion by 2020. In 2014, the market was dominated by the North American region, followed by Asia-Pacific. The Asia-Pacific market is projected to grow at the highest CAGR with rapid growth in the food & beverage industry, in developing countries such as India and China. The growing demand for health & wellness foods, technological innovation, and increasing consumer preference towards convenience and ready-to-eat meals are driving the market.

This report includes market sizes in terms of value (USD million) and volume (KT). Both ‘bottom-up’ and ‘top-down’ approaches were used to arrive at the market size and obtain the market forecast. Extensive secondary research was conducted to understand the market insights and trends, which was further validated through primary interviews. The report provides both, qualitative and quantitative analysis of the food flavors market, as well as offers worthy insights into competitive landscape and preferred development strategies adopted by key players. The report also analyzes market dynamics, challenges, and issues faced by leading players.

Scope of the Report

The research study categorizes the food flavors market on the basis of origin, type, application, and region.

By Origin,

  • Natural
  • Synthetic

By Type,

  • Chocolate
  • Vanilla
  • Fruits & Nuts
  • Others

By Application,

  • Beverages
  • Savory & Snacks
  • Bakery & Confectionery
  • Dairy & Frozen Products
  • Others

By Region,

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Market Scope
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries: By Company Type, Designation & Region
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in this Market
    4.2 Food Flavors Market, By Type
    4.3 Market, By Application
    4.4 North America Dominated the Global Market in 2014
    4.5 Market, By Origin, 2015 & 2020
    4.6 Market Life Cycle Analysis, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
           5.1.1 Evolution of Flavor Market
           5.1.2 Market Insights
           5.1.3 Food Flavors Market Segmentation, By Component
           5.1.4 Market Segmentation, By Origin
           5.1.5 Market Segmentation, By Type
           5.1.6 Market Segmentation, By Application
           5.1.7 Market Segmentation, By Geography
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand of Health & Wellness Foods  (Clean Label Products)
                    5.2.1.2 Advanced Technological Innovation
                    5.2.1.3 Increasing Consumer Preference Towards Convenience Foods & Ready-To-Eat Meals
           5.2.2 Restraints
                    5.2.2.1 Lesser Stability & Availability of Natural Flavors
                    5.2.2.2 Health Effects of Added Flavors, Both Natural and Synthetic
           5.2.3 Opportunities
                    5.2.3.1 Emerging Markets & Changing Consumer Lifestyle
                    5.2.3.2 New Raw Material Sources
                    5.2.3.3 Rise in the Demand for Flavors Which Provide Health Benefits
           5.2.4 Challenge
                    5.2.4.1 Regional Differences
           5.2.5 Burning Issue
                    5.2.5.1 Health Issues Related to the Consumption of Synthetic Flavors

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Industry Trends
    6.4 Porter’s Five Forces Analysis
           6.4.1 Intensity of Competitve Rivalry
           6.4.2 Bargaining Power of Suppliers
           6.4.3 Bargaining Power of Buyers
           6.4.4 Threat of Substitutes
           6.4.5 Threat of New Entrants
    6.5 Strategic Benchmarking

7 Key Brands in Food Flavors Market (Page No. - 57)
    7.1 Introduction
           7.1.1 Givaudan SA
                    7.1.1.1 Taste Essentials
                    7.1.1.2 Taste Solutions
                    7.1.1.3 Bynature
                    7.1.1.4 Puredelivery
           7.1.2 International Flavors & Fragrances Inc.
                    7.1.2.1 Iff Flavors
           7.1.3 V. Mane Fils SA
                    7.1.3.1 Pure Capture
                    7.1.3.2 Sense Capture
                    7.1.3.3 N-Capture
                    7.1.3.4 Trend Capture
                    7.1.3.5 Jungle Essence

8 Food Flavors Market, By Component (Page No. - 59)
    8.1 Introduction
           8.1.1 Flavoring Smell
           8.1.2 Flavoring Tastes
           8.1.3 Flavoring Colors

9 Food Flavors Market, By Type (Page No. - 62)
    9.1 Introduction
           9.1.1 Chocolate
           9.1.2 Vanilla
           9.1.3 Fruits & Nuts
           9.1.4 Others

10 Food Flavors Market, By Origin (Page No. - 68)
     10.1 Introduction
     10.2 Natural Flavors
             10.2.1 Natural Extracts
             10.2.2 Aroma Chemicals
             10.2.3 Essential Oils
             10.2.4 Other Natural Flavors
     10.3 Synthetic Flavors
             10.3.1 Fruit Flavors
             10.3.2 Citrus Flavors
             10.3.3 Savory Flavors
             10.3.4 Other Synthetic Flavors

11 Food Flavors Market, By Application (Page No. - 83)
     11.1 Introduction
     11.2 Global Food Flavors Market in Beverages, By Geography
     11.3 Global Market in Savory & Snacks,  By Geography
     11.4 Global Market in Bakery & Confectionery, By Geography
     11.5 Global Market in Dairy & Frozen Products, By Geography
     11.6 Global Market in Others, By Region

12 Food Flavors Market, By Region (Page No. - 93)
     12.1 Introduction
     12.2 North America
             12.2.1 Natural Flavors
             12.2.2 Synthetic Flavors
                        12.2.2.1 U.S.
                        12.2.2.2 Mexico
                        12.2.2.3 Canada
     12.3 Europe
             12.3.1 Natural Flavors
             12.3.2 Synthetic Flavors
                        12.3.2.1 U.K.
                        12.3.2.2 Germany
                        12.3.2.3 France
                        12.3.2.4 Italy
                        12.3.2.5 Spain
                        12.3.2.6 Rest of Europe
     12.4 Asia-Pacific
             12.4.1 Natural Flavors
             12.4.2 Synthetic Flavors
                        12.4.2.1 Japan
                        12.4.2.2 Indonesia
                        12.4.2.3 India
                        12.4.2.4 China
                        12.4.2.5 Australia-New Zealand
                        12.4.2.6 Rest of Asia-Pacific
     12.5 Rest of the World
             12.5.1 Natural Flavors
             12.5.2 Synthetic Flavors
                        12.5.2.1 Latin America
                               12.5.2.1.1 Brazil
                               12.5.2.1.2 Argentina
                               12.5.2.1.3 Rest of Latin America
                        12.5.2.2 Middle East
                        12.5.2.3 Africa

13 Competitive Landscape (Page No. - 158)
     13.1 Overview
     13.2 Global Food Flavors Market: Market Share Analysis
     13.3 Competitive Situation & Trends
             13.3.1 Expansions & Investments
             13.3.2 Acquisitions
             13.3.3 New Product Launches
             13.3.4 Joint Ventures and Agreements, Partnership and Collaborations

14 Company Profiles (Page No. - 166)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     14.1 Introduction
     14.2 Symrise AG
     14.3 Frutarom Industries Ltd.
     14.4 Givaudan SA
     14.5 International Flavors & Fragrances Inc.
     14.6 Kerry Group PLC
     14.7 Sensient Technologies Corporation
     14.8 Takasago International Corporation
     14.9 Firmenich SA
     14.10 V. Mane Fils SA.
     14.11 Wild Flavors GmbH

*Details Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 205)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Available Customizations
     15.4 Related Reports


List of Tables (178 Tables)

Table 1 Examples of Chemicals Used for Flavouring Smell/Odor
Table 2 Examples of Chemicals Used for Flavor
Table 3 Global Food Flavors Market, By Type, 2013-2020 (USD MN)
Table 4 Market, By Type, 2013-2020 (KT)
Table 5 Type of Cocoa and Its Food Application
Table 6 Market, By Origin, 2013-2020 (USD Million)
Table 7 Market, By Origin, 2013-2020 (KT)
Table 8 Natural Food Flavors Market, By Region, 2013-2020 (USD Million)
Table 9 Natural Market, By Volume, 2013-2020 (KT)
Table 10 Natural Food Flavors Market, By Subtype, 2013-2020 (USD Million)
Table 11 Market, By Subtype, 2013-2020 (KT)
Table 12 Natural Extracts Market, By Region, 2013-2020 (USD Million)
Table 13 Natural Extracts Market, By Region, 2013-2020 (KT)
Table 14 Aroma Chemicals Market, By Region, 2013-2020 (USD Million)
Table 15 Aroma Chemical Market, By Region, 2013-2020 (KT)
Table 16 Essential Oils Market, By Region, 2013-2020 (USD Million)
Table 17 Essential Oils Market Value, By Region, 2013-2020 (KT)
Table 18 Other Natural Flavors Market, By Region, 2013-2020 (USD Million)
Table 19 Other Natural Flavors Market, By Volume, 2013-2020 (KT)
Table 20 Common Esters Used as Synthetic Flavoring Agents
Table 21 Synthetic Food Flavors Market, By Region, 2013-2020 (USD Million)
Table 22 Market, By Region, 2013-2020 (KT)
Table 23 Synthetic Market, By Origin, 2013-2020 (USD Million)
Table 24 Market, By Origin, 2013-2020 (KT)
Table 25 Fruit Flavors Market, By Region, 2013-2020 (USD Million)
Table 26 Fruit Flavors Market, By Origin, 2013-2020 (KT)
Table 27 Citrus Flavors Market, By Region, 2013-2020 (USD Million)
Table 28 Citrus Flavors Market, By Region, 2013-2020 (KT)
Table 29 Savory Flavors Market, By Region, 2013-2020 (USD Million)
Table 30 Savory Flavors Market, By Region, 2013-2020 (KT)
Table 31 Other Synthetic Flavors Market, By Region, 2013-2020 (USD Million)
Table 32 Other Synthetics Flavors Market, By Region, 2013-2020 (KT)
Table 33 Global Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 34 Market, By Application, 2013-2020 (KT)
Table 35 Global Market in Beverages, By Region, 2013-2020 (USD Million)
Table 36 Market in Beverages, By Region, 2013-2020 (KT)
Table 37 Global Market in Savory & Snacks, By Region, 2013-2020 (USD Million)
Table 38 Market in Savory & Snacks, By Region 2013-2020 (KT)
Table 39 Global Market in Bakery & Confectionery, By Region,  2013-2020 (USD Million)
Table 40 Market in Bakery & Confectionery, By Region,  2013-2020 (KT)
Table 41 Global Market in Dairy & Frozen Products, By Region,  2013-2020 (USD Million)
Table 42 Market in Dairy & Frozen Products, By Region,  2013-2020 (KT)
Table 43 Global Market in Others, By Region, 2013-2020 (USD Million)
Table 44 Market in Others, By Region, 2013-2020 (KT)
Table 45 Food Flavors Market, By Region, 2013-2020 (USD Million)
Table 46 Market, By Region, 2013-2020 (KT)
Table 47 Market, By Country, 2013-2020 (USD Million)
Table 48 Market, By Country, 2013-2020 (KT)
Table 49 Market, By Application, 2013-2020 (USD Million)
Table 50 Market, By Application, 2013-2020 (KT)
Table 51 Market, By Origin, 2013-2020 (USD Million)
Table 52 Market, By Origin, 2013-2020 (KT)
Table 53 Natural Food Flavors Market, By Country, 2013-2020 (USD Million)
Table 54 Market, By Country, 2013-2020 (KT)
Table 55 Natural Market, By Subtype, 2013-2020 (USD Million)
Table 56 Market, By Subtype, 2013-2020(KT)
Table 57 Synthetic Food Flavors Market, By Country, 2013-2020 (USD Million)
Table 58 Market, By Country, 2013-2020 (KT)
Table 59 Synthetic Market, By Type, 2013-2020 (USD Million)
Table 60 Market, By Subtype, 2013-2020(KT)
Table 61 U.S.: Food Flavors Market, By Application, 2013 -2020 (USD Million)
Table 62 U.S.: Market, By Application, 2013 -2020 (KT)
Table 63 U.S.: Market, By Origin, 2013 -2020 (USD Million)
Table 64 U.S.: Market, By Origin, 2013 -2020 (KT)
Table 65 Mexico: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 66 Mexico: Market, By Application, 2013-2020 (KT)
Table 67 Mexico: Market, By Origin, 2013-2020 (USD Million)
Table 68 Mexico: Market, By Origin, 2013 -2020 (KT)
Table 69 Canada: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 70 Canada: Market, By Application, 2013 -2020 (KT)
Table 71 Canada: Market, By Origin, 2013-2020 (USD Million)
Table 72 Canada: Market, By Origin, 2013 -2020 (KT)
Table 73 Europe: Food Flavors Market, By Country, 2013 -2020 (USD Million)
Table 74 Europe: Market, By Country, 2013 -2020 (KT)
Table 75 Europe: Food Flavors Market, By Application, 2013 -2020 (USD Million)
Table 76 Europe: Market, By Application, 2013-2020 (KT)
Table 77 Europe: Market, By Origin, 2013-2020 (USD Million)
Table 78 Europe: Market, By Origin, 2013-2020 (KT)
Table 79 Europe: Natural Market, By Country, 2013-2020 (USD Million)
Table 80 Europe: Market, By Country, 2013-2020 (KT)
Table 81 Europe: Natural Market, By Subtype, 2013-2020 (USD Million)
Table 82 Europe: Natural Market, By Origin, 2013-2020 (KT)
Table 83 Europe: Synthetic Market, By Country, 2013-2020 (USD Million)
Table 84 Europe: Market, By Country, 2013-2020 (KT)
Table 85 Europe: Synthetic Market, By Origin, 2013-2020 (USD Million)
Table 86 Europe: Market, By Origin, 2013 -2020 (KT)
Table 87 U.K.: Food Flavors Market, By Application, 2013 -2020 (USD Million)
Table 88 U.K.: Market, By Application, 2013-2020 (KT)
Table 89 U.K.: Market, By Origin, 2013-2020 (USD Million)
Table 90 U.K.: Market, By Origin, 2013 -2020 (KT)
Table 91 Germany: Food Flavors Market, By Application, 2013 -2020 (USD Million)
Table 92 Germany: Market, By Application, 2013 -2020 (KT)
Table 93 Germany: Market, By Origin, 2013-2020 (USD Million)
Table 94 Germany: Market, By Origin, 2013-2020 (KT)
Table 95 France: Food Flavors Market, By Application, 2013 -2020 (USD Million)
Table 96 France: Market, By Application, 2013 -2020 (KT)
Table 97 France: Market, By Origin, 2013-2020 (USD Million)
Table 98 France: Market, By Origin, 2013 -2020 (KT)
Table 99 Italy: Food Flavors Market, By Application, 2013 -2020 (USD Million)
Table 100 Italy: Market, By Application, 2013-2020 (KT)
Table 101 Italy: Market, By Origin, 2013-2020 (USD Million)
Table 102 Italy: Market, By Origin, 2013-2020 (KT)
Table 103 Spain: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 104 Spain: Market, By Application, 2013-2020 (KT)
Table 105 Spain: Market, By Origin, 2013-2020 (USD Million)
Table 106 Spain; Market, By Origin, 2013 -2020 (KT)
Table 107 Rest of Europe: Food Flavors Market, By Application, 2013 -2020 (USD Million)
Table 108 Rest of Europe: Market, By Application, 2013 -2020 (KT)
Table 109 Rest of Europe: Market , By Origin, 2013 -2020 (USD Million)
Table 110 Rest of Europe: Market, By Origin, 2013 -2020 (KT)
Table 111 Asia-Pacific: Food Flavors Market, By Country, 2013 -2020 (USD Million)
Table 112 Asia-Pacific: Market, By Country, 2013 -2020 (KT)
Table 113 Asia-Pacific:Market, By Application, 2013 -2020 (USD Million)
Table 114 Asia-Pacific:Market, By Application, 2013 -2020 (KT)
Table 115 Asia-Pacific:Market, By Origin, 2013 -2020 (USD Million)
Table 116 Asia-Pacific:Market, By Origin, 2013-2020 (KT)
Table 117 Asia-Pacific:Natural Market, By Country, 2013-2020 (USD Million)
Table 118 Asia-Pacific:Market, By Country, 2013-2020 (KT)
Table 119 Asia-Pacific: Natural Food Flavors Market, By Origin, 2013-2020 (USD Million)
Table 120 Asia-Pacific: Market, By Origin, 2013-2020 (KT)
Table 121 Asia-Pacific: Synthetic Flavors Market, By Country, 2013-2020 (USD Million)
Table 122 Asia-Pacific: Market, By Country, 2013-2020 (KT)
Table 123 Asia-Pacific: Synthetic Flavors Market, By Origin, 2013 -2020 (USD Million)
Table 124 Asia-Pacific: Market, By Origin, 2011 -2020 (KT)
Table 125 Japan: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 126 Japan: Market, By Application, 2013-2020 (KT)
Table 127 Japan: Market, By Origin, 2013-2020 (USD Million)
Table 128 Japan: Market, By Origin, 2013 -2020 (KT)
Table 129 Indonesia: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 130 Indonesia: Market, By Application, 2013-2020 (KT)
Table 131 Indonesia: Market, By Origin, 2013-2020 (USD Million)
Table 132 Indonesia: Market, By Origin, 2013-2020 (KT)
Table 133 India: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 134 India: Market, By Application, 2013-2020 (KT)
Table 135 India: Market, By Origin, 2013-2020 (USD Million)
Table 136 India: Market, By Origin, 2013-2020 (KT)
Table 137 China: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 138 China: Market, By Application, 2013-2020 (KT)
Table 139 China: Market, By Origin, 2013-2020 (USD Million)
Table 140 China: Market, By Origin, 2013-2020 (KT)
Table 141 Australia-New Zealand:Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 142 Australia-New Zealand: Market, By Application, 2013 -2020 (KT)
Table 143 Australia-New Zealand: Market, By Origin, 2013-2020 (USD Million)
Table 144 Australia-New Zealand: Market, By Origin, 2013-2020 (KT)
Table 145 Rest of Asia-Pacific: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 146 Rest of Asia-Pacific: Market, By Application, 2013 -2020 (KT)
Table 147 Rest of Asia-Pacific: Market, By Origin, 2013-2020 (USD Million)
Table 148 Rest of Asia-Pacific: Market , By Origin, 2013 -2020 (KT)
Table 149 RoW: Food Flavors Market, By Region, 2013-2020 (USD Million)
Table 150 RoW: Market, By Region, 2013-2020 (KT)
Table 151 RoW: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 152 RoW: Market, By Application, 2013-2020 (KT)
Table 153 RoW: Market, By Origin, 2013-2020 (USD Million)
Table 154 RoW: Market, By Origin, 2013-2020 (KT)
Table 155 RoW: Natural Market, By Region, 2013-2020 (USD Million)
Table 156 RoW: Market, By Region, 2013-2020 (KT)
Table 157 RoW: Natural Food Flavors Market, By Origin, 2013 -2020 (USD Million)
Table 158 RoW: Market, By Origin, 2013 -2020 (KT)
Table 159 RoW: Synthetic Market , By Subregion, 2013-2020 (USD Million)
Table 160 RoW: Market, By Subregion, 2013-2020 (KT)
Table 161 RoW: Synthetic Market, By Origin, 2013 -2020 (USD Million)
Table 162 RoW; Market, By Origin, 2013-2020 (KT)
Table 163 Latin America: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 164 Latin America: Market, By Application, 2013 -2020 (KT)
Table 165 Latin America: Market, By Origin, 2013-2020 (USD Million)
Table 166 Latin America: Market, By Origin, 2013-2020 (KT)
Table 167 Middle East: Food Flavors Market, By Application, 2013-2020 (USD Million)
Table 168 Middle East: Market, By Application, 2013 -2020 (KT)
Table 169 Middle East: Market, By Origin, 2013-2020 (USD Million)
Table 170 Middle East: Market, By Origin, 2013 -2020 (KT)
Table 171 Africa: Food Flavors Market, By Application, 2013 -2020 (USD Million)
Table 172 Africa: Market, By Application, 2013-2020 (KT)
Table 173 Africa; Market, By Origin, 2013-2020 (USD Million)
Table 174 Africa: Market, By Origin, 2013 -2020 (KT)
Table 175 Expansions & Investments, 2010–2015
Table 176 Acquisitions, 2010–2015
Table 177 New Product Launches, 2010–2015
Table 178 Joint Ventures and Agreements, Partnership and Collaborations,  2010–2015


List of Figures (57 Figures)

Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Food Flavors Market Value Snapshot (2015 vs 2020)
Figure 7 Market Size, By Region, 2015-2020 (USD Million)
Figure 8 Market Size, By Origin, 2015–2020 (USD Million)
Figure 9 Market Share (Value), By Region, 2014
Figure 10 Increasing Consumer Preference Towards Convenience Food and Ready-To-Eat Food Items Offer Attractive Opportunities in the Market
Figure 11 Fruits & Nuts Segment to Grow at the Highest Rate Between 2015-2020
Figure 12 Beverages Captured the Largest Share in the Global Market in 2014
Figure 13 U.S. is the Leading Country in Market in 2014
Figure 14 Synthetic Flavors Will Dominate the Market Between 2015-2020
Figure 15 North America has the Highest Market Share in the Market in 2014
Figure 16 Evolution of Flavors
Figure 17 Food Flavors Market, By Component
Figure 18 Market, By Origin
Figure 19 Market, By Type
Figure 20 Market, By Application
Figure 21 Market, By Geography
Figure 22 Food Flavors Market Dynamics
Figure 23 Supply Chain of Food Flavors in the Market
Figure 24 Growth in Health Conscious Individuals & Consolidation of Key Players are Leading Trends in the Food Flavors Industry
Figure 25 Porter’s Five Forces Analysis
Figure 26 Strategic Benchmarking : Key Players Have Adopted New Product Development Strategy to Expand Their Business in Market
Figure 27 Food Flavor Market is Led By Fruits & Nuts, By Type, 2014
Figure 28 Aroma Chemicals Holds the Maximum Share of Natural Flavors, 2014
Figure 29 Synthetic Fruit Flavors Held the Maximum Share in 2014
Figure 30 Beverages Application Segment Covers the Maximum Market Share
Figure 31 North America Holds the Highest Share in the Market, 2014
Figure 32 U.S. Led the Market in North America in 2014
Figure 33 Beverages Application Segment Holds the Maximum Share in the U.S. Market, 2014
Figure 34 Increasing Demand for Food With Natural Flavors is Driving the European Market
Figure 35 French Market is Led By the Beverage Application Segment, 2014
Figure 36 Japan is Projected to Be the Fastest Growing Country in Market in Asia-Pacific Region in 2020
Figure 37 Market Share Analysis of Australia-New Zealand Market: Beverage Application is the Leader
Figure 38 Demand for Food Flavors is Highest in Beverage Application
Figure 39 New Product Launches and Expansions Were Preferred By Key Global Food Flavours Companies in the Last Five Years
Figure 40 Global Food Flavors Market Share, By Key Players, 2014
Figure 41 New Product Launches Fueled Growth & Innovation in the Global Market Between 2013 & 2014
Figure 42 Expansions and Investments : the Key Strategy, 2014
Figure 43 Geographic Revenue Mix of Top Five Food Flavor Producers
Figure 44 Symrise AG: Company Snapshot
Figure 45 Symrise AG: SWOT Analysis
Figure 46 Frutarom Industries Ltd.: Company Snapshot
Figure 47 Frutarom Industries Ltd: SWOT Analysis
Figure 48 Givaudan SA: Company Snapshot
Figure 49 Givaudan SA: SWOT Analysis
Figure 50 International Flavors & Fragrances Inc.: Company Snapshot
Figure 51 International Flavors & Fragrances Inc.: SWOT Analysis
Figure 52 Kerry Group PLC: Company Snapshot
Figure 53 Kerry Group PLC: SWOT Analysis
Figure 54 Sensient Technologies Corporation: Company Snapshot
Figure 55 Sensient Technologies Corporation: SWOT Analysis
Figure 56 Takasago International Corporation: Company Snapshot
Figure 57 Takasago International Corporation: SWOT Analysis

The food flavors market is fuelled by the growing health awareness among consumers and increasing demand for healthy food products. Globally, rise in population and urbanization have led to the increase in purchasing power among consumers, and simultaneously resulted in a change in their standard of living. All these factors have equally contributed to the overall growth of this market.

The market for food flavors is projected to reach USD 15.1 Billion, at a CAGR of 5.4% from 2015 to 2020. The food flavors market is segmented on the basis of type into fruits & nuts, chocolate, vanilla, and others. Further, on the basis of application, the market is classified into beverages, savory and snacks, bakery and confectionery, and dairy and frozen among other end-user applications. With respect to origin, the market is segmented into natural and synthetic. Lastly, on the basis of region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and rest of the world. This report includes analysis of market sizes of each of these segments in terms of value (USD million) and volume (tons).

Food Flavors Market

The market for food flavors is projected to grow as a result of the increasing use of flavors in different applications of food and beverages and increasing growth opportunities in countries such as India, China, Italy, and Brazil. In 2014, the North American region was the largest market for food flavors, whereas the food flavors market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.

The global market is fragmented and highly competitive, with a large number of players operating at regional and local levels. Key players in this market have adopted new product launches and development, acquisitions, and expansions as some of their preferred growth strategies. Major players thriving in the food flavors market include Firmenich SA (Switzerland), Symrise AG (Germany), Wild Flavors Inc. (U.S.), Frutarom Industries Ltd. (Israel), International Flavors and Fragrances Inc. (U.S.), Givaudan SA (Switzerland), Kerry Group PLC (Ireland), V. Mane Fils SA (France), Sensient Technologies Corporation (U.S.), and Takasago International Corporation (Japan).

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