China Food Flavor Enhancer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Food Flavor Enhancer Market Analysis
The Chinese food flavor and enhancer market is projected to register a CAGR of 4.0% during the forecast period, 2020-2025.
- There is a rising demand for natural food flavors. Besides, consumers are seen avoiding artificial colors and flavors that are incorporated into different food categories, due to the increasing behavioral problems in children, resulting in an increased demand for natural food flavors lately.
- Most of the food flavors are used in bakery and confectionery, which has made food flavors an extremely lucrative market for the manufacturers in the industry.
China Food Flavor Enhancer Market Trends
This section covers the major market trends shaping the China Food Flavor & Enhancer Market according to our research experts:
Natural Flavors Has an Increased Demand in the Market
Natural flavors are substances that are extracted from plants, herbs and spices, fruits, vegetables, or microbial fermentation. The increasing interest in the nutritionally enriched and natural products has promoted the demand for natural flavors in the market. Natural herbs and spices were earlier used only in domestic cooking for flavors, which is now used at an industrial level by various players. Various countries have their unique, authentic flavors; for instance, Thai cuisine has a variety of ingredients such as galangal, chili oil, peanuts, coconut paste, fish sauce, etc. The increasing demand for exotic flavors is also driving the market. Rosemary extracts have a growing demand in the market for its antioxidant property.
Growing Demand for New Flavors in Processed Food
Globalization and modernization have changed the lifestyle of the people, which in turn changed the food habits, thus increasing the demand for flavors and enhancers. Previously, people used natural herbs and spices in culinary to get a tinge of flavor in their food, which has now become an industrial need to cater to the big food processors. Due to the increasing working population, there is a high demand for processed food, different flavors, and enhancers. Consumption of low fat, low salt, and low carbohydrate foods are also key drivers to increase the use of flavors and enhancers. As flavors are region and country-specific, manufacturers are continually innovating to hold a larger share of the pie in the market.
China Food Flavor Enhancer Industry Overview
The food flavor and enhancer market in China is moderately competitive, with continuous growth in terms of flavors and new ingredients. Some of the prominent players in the market studied are Givaudan, Firmenich, International Fragrance and Flavours Inc., Takasago, and Symrise, among others.
China Food Flavor Enhancer Market Leaders
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Givaudan
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Firmenich
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Takasago
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Sensient Technologies
*Disclaimer: Major Players sorted in no particular order
China Food Flavor Enhancer Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions andMarket Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Natural Flavor
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5.1.2 Synthetic Flavor
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5.1.3 Nature Identical Flavoring
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5.2 Application
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5.2.1 Dairy
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5.2.2 Bakery
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5.2.3 Confectionery
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5.2.4 Beverages
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5.2.5 Snacks
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Givaudan SA
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6.3.2 Firmenich SA
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6.3.3 International Fragrance and Flavours Inc.
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6.3.4 Sensient Technologies
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6.3.5 Symrise AG
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6.3.6 Takasago International Corporation
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6.3.7 Cargill Inc.
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6.3.8 Archer Daniels Midland Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
China Food Flavor Enhancer Industry Segmentation
The Chinese food flavor and enhancer market is segmented into type and application. On the basis of type, the market is segmented into the natural flavor, synthetic flavor, and nature-identical flavor. On the basis of application, the market is segmented into bakery, beverages, confectionery, dairy, snacks, and other applications.
| Type | |
| Natural Flavor | |
| Synthetic Flavor | |
| Nature Identical Flavoring |
| Application | |
| Dairy | |
| Bakery | |
| Confectionery | |
| Beverages | |
| Snacks | |
| Other Applications |
China Food Flavor Enhancer Market Research FAQs
What is the current China Food Flavor and Enhancer Market size?
The China Food Flavor and Enhancer Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in China Food Flavor and Enhancer Market?
Givaudan, Firmenich, Takasago and Sensient Technologies are the major companies operating in the China Food Flavor and Enhancer Market.
What years does this China Food Flavor and Enhancer Market cover?
The report covers the China Food Flavor and Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Food Flavor and Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Food Flavor and Enhancer Industry Report
Statistics for the 2024 China Food Flavor and Enhancer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Food Flavor and Enhancer analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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