Food Flavor and Enhancer Market Growth, Trends and Forecasts (2019 - 2024)

Global 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 Product and Geography.

Market Snapshot

food flavor and enhancer market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

South America

Largest Market:

Asia Pacific

CAGR:

5.5%

Key Players:

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Food Flavor and Enhancer Market

The global food flavor and enhancer market is forecasted to grow at a CAGR of 5.5% during the forecast period (2019-2024).

  • The market is driven by the changing lifestyle, increasing demand for healthy ingredient, and influential trend for new exotic and ethnic flavors. With rising preference for premium-quality products, including premium lines of seasonings and sauces, the market is growing rapidly across the globe.
  • Majority of the population specifically in South American region have attraction towards foreign cuisines. Majority of population is experimenting food formulation specifically from Asian countries which is driving the food flavor and enhancer market over the forecast period

Scope of the Report

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 Product and Geography which includes North America, Europe, Asia-Pacific, South America and Middle East and Africa.

By Type
Natural Flavor
Synthetic Flavor
Nature Identical Flavoring
Flavor Enhancers
By Application
Dairy Products
Bakery
Confectionery
Processed Food
Beverage
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabiia
Rest of Middle East & Africa

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Key Market Trends

Increasing demand for natural flavors

There is a rising demand for natural food flavors and consumers are seen avoiding artificial colors and flavors owing to the increasing health hazards that occur in consumption of synthetic/artificial flavors, which has resulted in an increased demand for natural food flavors. The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market. •The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market.

Food Flavor and Enhancer Market1

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South America is the fastest growing market

Increasing consumers awareness towards health and wellness is leading the consumers to shift from artificial flavors to organic and natural flavors. Also, many food enhancers are being commercially produced as they are in great demand. Food flavor enhancers are especially used in protein rich food as it enhances the taste of foods like fish and meat, where foods like these are highly consumed in this region. Low labor cost in the region is also expected to encourage companies towards establishment of ventures, thereby augmenting the growth of the flavor market. Consumer perception regarding the benefits of natural additives has generated interest among the americans about the use of food flavor enhancers.

Food Flavor and Enhancer Market2

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Competitive Landscape

The food flavor and enhancer market is moderately competitive, with continuous growth, going on, in terms of flavors and new ingredients sourcing methodology. Some of the prominent players in the market studied are Cargill, Givaudan, Corbion, Sensient, and ADM. Companies are coming up with new innovative flavors, preferably, clean-label ingredients, which are naturally derived. Moreover, the manufacturers are even expanding their presence and procurement procedures.

Major Players

  1. Givaudan
  2. Firmenich SA
  3. International Flavors & Fragrances Inc.
  4. Archer Daniels Midland Company
  5. Koninklijke DSM N.V.

* Complete list of players covered available in the table of contents below

food flavor and enhancer market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Opportunities

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Natural Flavor

      2. 5.1.2 Synthetic Flavor

      3. 5.1.3 Nature Identical Flavoring

      4. 5.1.4 Flavor Enhancers

    2. 5.2 By Application

      1. 5.2.1 Dairy Products

      2. 5.2.2 Bakery

      3. 5.2.3 Confectionery

      4. 5.2.4 Processed Food

      5. 5.2.5 Beverage

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabiia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Most Active Companies

    4. 6.4 Company Profiles

      1. 6.4.1 Givaudan

      2. 6.4.2 International Flavors & Fragrances Inc.

      3. 6.4.3 Firmenich SA

      4. 6.4.4 Koninklijke DSM N.V.

      5. 6.4.5 European Flavours and Fragrances

      6. 6.4.6 DuPont

      7. 6.4.7 BASF SE

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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