Europe 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 | 4.50 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Food Flavor & Enhancer Market Analysis
Europe Food Flavor and Enhancer Market are forecasted to grow at a CAGR of 4.5% during the forecast period.
- The synthetic flavor segment helda major share of the market. The natural flavor segment is anticipated to record the highest growth rate during the forecast period.
- Food flavoring and enhancing industry is highly dependent on the easy availability of raw materials, the market players have set up production bases in the local market, to get easy access to the same, which has intensified the competition in the local market.
Europe Food Flavor & Enhancer Market Trends
This section covers the major market trends shaping the Europe Food Flavor & Enhancer Market according to our research experts:
Growing Inclination towards Clean-Label Ingredients
The trend of naturally sourced ingredients has been spreading across the European region, especially in countries like Germany, France, and Spain. Food and beverage companies have been largely affected with almost all international and local players forced to remove artificial flavors and additives from their product lines. In parallel, clean label has affected the global flavor market, wherein producers have responded with high innovation and investments in R&D activities. Consumers are highly skeptical about artificial additives. Rise in consumers concern on usage of food additives and preservatives have led to the demand growth for transparency and clean labels, thus, hindering the artificial flavor and additive market.
Spain is the Fastest Growing Country
Spain is the sixth highest food and drinks exporter in the EU and the tenth highest globally. This growth of the food and beverage industry is driving the demand for various food flavors. In Spain, natural food flavors derived from spices and herbs are in huge demand and it will witness significant growth in upcoming years. In Spain, natural food flavors derived from spices and herbs are in huge demand and it will witness significant growth in upcoming years. While Spanish consumers are seeking healthier food ingredients, natural food flavors have experienced little growth in the domestic market, although production and exports remain largest in Spain.
Europe Food Flavor & Enhancer Industry Overview
The European food flavor and enhancer market is dominated by players like European Flavours & Fragrances PLC, Givaudan, Firmenich, European Flavours and Fragrances and Kerry group.The European food flavor and enhancer market is dominated by players like European Flavours & Fragrances PLC, Givaudan, Firmenich, IFF, Symrise, Cargil Inc., and Kerry group, accounting for a share of more than 41% in the local market.Manufacturers in the local market continue to expand the portfolio of specialty natural products that are being offered by companies to the consumers through internal R&D, achieved by collaborations with universities and research institutes.
Europe Food Flavor & Enhancer Market Leaders
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Givaudan
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Kerry Group plc
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European Flavours and Fragrances
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BASF
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Firmenich
*Disclaimer: Major Players sorted in no particular order
Europe Food Flavor & Enhancer Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 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 Opportunities
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4.4 Porters Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Food Flavors
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5.1.1.1 Natural Flavors
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5.1.1.2 Synthetic Flavors
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5.1.1.3 Nature Identical Flavors
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5.1.2 Enhancers
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5.2 By 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 Processed Food
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5.2.5 Beverage
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5.2.6 Others
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5.3 Geography
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5.3.1 Europe
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5.3.1.1 Spain
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5.3.1.2 United Kingdom
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5.3.1.3 Germany
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5.3.1.4 France
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5.3.1.5 Italy
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5.3.1.6 Russia
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5.3.1.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Adopted Strategies
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6.3 Most Active Companies
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6.4 Company Profiles
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6.4.1 Givaudan
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6.4.2 Kerry Group plc
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6.4.3 European Flavours and Fragrances
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6.4.4 BASF
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6.4.5 Firmenich
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6.4.6 FMC Corporation
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6.4.7 International Flavors & Fragrances Inc.
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6.4.8 DuPont de Nemours, Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Food Flavor & Enhancer Industry Segmentation
Europe Food Flavor and Enhancer Market is segmented by type into Food Flavors ( Natural, Synthetic and Natural Identical Flavors) and Enhancers; by end user into Bakery, Confectionery, Processed Food, Beverage, Dairy Products and Geography.
By Type | |||||
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Enhancers |
By Application | |
Dairy | |
Bakery | |
Confectionery | |
Processed Food | |
Beverage | |
Others |
Geography | |||||||||
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Europe Food Flavor & Enhancer Market Research FAQs
What is the current Europe Food Flavor and Enhancer Market size?
The Europe Food Flavor and Enhancer Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Europe Food Flavor and Enhancer Market?
Givaudan, Kerry Group plc, European Flavours and Fragrances, BASF and Firmenich are the major companies operating in the Europe Food Flavor and Enhancer Market.
What years does this Europe Food Flavor and Enhancer Market cover?
The report covers the Europe Food Flavor and Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Food Flavor and Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Food Flavor and Enhancer Industry Report
Statistics for the 2024 Europe Food Flavor and Enhancer market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Europe Food Flavor and Enhancer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.