Food Flavors Market

Food Flavors Market worth $20.7 billion by 2025

The report "Food Flavors Market by Type (Chocolate & Browns, Vanilla, Fruit & Nut, Dairy, Spices), Application (Beverages, Dairy, Confectionery, Bakery, Meat, Savory & Snacks), Origin (Natural, Nature identical, Artificial), Form, and Region - Global Forecast to 2025", According to MarketsandMarkets, the global food flavors market size is estimated to be valued at USD 16.4 billion in 2020 and is projected to reach USD 20.7 billion by 2025, recording a CAGR of 4.8%, in terms of value. The growing demand for sweet and confectionery products across the globe is causing a rise in the demand for food flavors. With the upcoming new technologies and innovative food & beverage options, the demand for food flavors is increasing currently. The encapsulation technique used for microencapsulation of food flavors to provide taste and color to the food & beverage options are being quite popular. Many food applications such as ice cream, chewing gum, and certain confectionery applications are using encapsulated flavors in the recipe.

Browse 133 market data Tables and 64 Figures spread through 257 Pages and in-depth TOC on "Food Flavors Market by Type (Chocolate & Browns, Vanilla, Fruit & Nut, Dairy, Spices), Application (Beverages, Dairy, Confectionery, Bakery, Meat, Savory & Snacks), Origin (Natural, Nature identical, Artificial), Form, and Region - Global Forecast to 2025 "
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Fruit flavors are widely used in various food & beverage products.

Based on type, the food flavors market is dominated by fruit & nut flavors. The fruit flavors are basically obtained from essence and concentrates of fruits and are quite popular. Fruit flavors are basically blended fruit concentrates, syrups, and extracts, which are used across industries such as food, beverage, dairy, confectionery, pharmaceuticals, nutritional food, and vitamin supplement industries. Various fruits such as apple, mango, banana, pineapple, grapes, berries, pomegranate, and citrus fruits are processed to make syrups and fruit extracts, which are later added to various food & beverage items to alter or add taste, smell, or color. Nuts are an important source of natural oil and fibers. The demand for these flavors is rising due to the increase in health awareness among the consumers.

Food flavors have wide applications in dairy products, confectionery products, bakery products, and meat products.

By application, the food flavors market is segmented into food & beverages. Food is further classified into dairy products, confectionery, bakery, meat products, and others, which includes soups, condiments, pickles, and sauces. Food flavors are widely used in these products as they enhance the taste of the products. The selection of color is based on factors such as stability, packaging, and the formulation parameters of the food item. Recent trends in the food industry see consumers leaning toward natural flavors because of the many health benefits associated with them. The increase in the demand for processed food is increasing the market for food flavors in the food segment applications.

Nature-identical flavoring substances are chemically, functionally, and taste-wise identical to natural substances.

Based on origin, the food flavors market is categorized into nature-identical, natural, and artificial/synthetic. Nature-identical flavoring substances are compounds chemically isolated from aromatic raw material or can be obtained synthetically. These are chemically identical to substances present in the natural products intended for human consumption, either processed or not. Nature-identical vanillin is bulk produced using vanillin derivatives synthesized on the multi-ton scale from the guaiacol or lignin extracts, which can be isolated from wood pulp. Nature-identical substances are chemically purified from an aromatic source or synthesized and have the same chemical composition as natural products.

The Asia Pacific region dominated the food flavors market with the largest share in 2019, whereas South America is expected to witness the highest growth rate.

The food flavors market in Asia Pacific is estimated to be dominant due to the increasing demand for processed food, because of the shift in lifestyle trends. People are looking for several healthy ready-to-eat options without compromising on taste. The production of dairy and meat processed food has also been increasing, which is again increasing the demand for food flavors.

The fastest-growing market is projected to be South America. As consumers have shown an inclination toward clean-label and organic products, this has enabled manufacturers to consider organic ingredients as major components of the products. Due to this, the food flavors market in the region is rising due to the demand for organic flavors.

The key players in this market include DuPont (US), Archer Daniels Midland (ADM) (US), Givaudan (Switzerland), and Kerry Group (Ireland).

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Food Flavors Market Size,  Share & Growth Report
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