The flavor is the sensory impression of a food substance and is determined mainly by the chemical senses of taste and smell. The flavor of the food can be altered with natural or artificial flavorings. A food’s flavor can be easily altered by changing its smell while keeping its taste similar. The flavorants focuses on altering or enhancing the flavors of natural food product such as meats and vegetables or creating flavor for food products that do not have the desired flavors such as candies and other snacks.

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The key driver contributing to the growth of the global food flavors market is the growing health concerns among consumers towards the consumption of natural food products. The increasing application of food flavors across various food items, followed by the increasing acceptability of consumers as natural flavor, will further accelerate the growth of the market. Various multinational giants are mainly focusing on the development of exotic and unique delicious food flavors, which will further attract a large number of consumers towards the adoption of food flavors to enhance the overall taste of their food. In addition to this, the changing lifestyle of consumers, strong demand for convenient food products, and the coming of innovative safe and attractive packaging, such as self-chilling beverage cans, will create innumerable growth opportunities in the market. However, the lower shelf-life of the ingredients used in the food flavors and the high cost involved in the production of natural flavors will hamper the growth of the market over the forecast period.

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Based on the Application, the market is segmented into beverages, dairy products, confectionery products, baked products, meat products, savory & snacks, and frozen products. The Beverage segment is projected to lead the market over the forecast period owing to the rapid growth in the beverage industry driven by varied consumer tastes and preferences. The beverage industry mainly uses flavors, including citric acid, high fructose corn syrup (HFCS), malic acid, phosphoric acid, and sucralose acid. The growing demand for natural flavors among the consumers is encouraging the manufacturers to opt for natural flavors to capture the changing demand of the target audience.

Based on the Origin, the market is segmented into natural, natural identical, and artificial/ synthetic. The Artificial/synthetic segment is expected to grow at a higher CAGR over the forecast period. The artificial flavors help in giving a similar to that of natural ingredients. The increasing demand for flavors that replicate the taste of natural ingredients and the lower prices of these artificial flavors as compared to the natural flavors are the major factors that are boosting the demand of this segment during the forecast period.

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Based on the region, the South America region is anticipated to lead the market over the forecast period. Countries such as Brazil and Argentina have a high consumption of nutritional beverages and soft drinks. The rapid growth in urbanization and the changing food habits of the consumers will increase the demand for packaged food products, thereby propelling the growth of food flavors market. Moreover, the expansion in the population rate and the increasing per capita income across the South America region will further have a positive impact on the growing demand of the market in the coming years.

Various notable players operating in the market include Givaudan, International Flavors & Fragrances, Kerry Group, Cargill Inc., Symrise, Firmenich SA, Corbion, Takasago International Corporation, Sensient Technologies Corporation, and MANE, among others.

Key Developments:

• • In 2020, Givaudan launched a new Virtual Reality tool known as The Virtual TasteTrek Citrus tool. This tool will help with the flavor creation will enabling the customers to create flavor directly from the desk.
  • In 2020, Symrise announced its partnership with KitchenTown Berlin, a food and foodtech innovation network. The partnership will aim to transform food product portfolio and capture the growing demand of the target audience.

The global Food Flavors market has been segmented on the basis of Type, Application, Origin, Form and Region. Based on type, the market is segmented into Chocolate & Brown, Vanilla, Fruits & Nuts, Dairy, Spices and Others. Based on Application, the market is segmented into Beverages, Dairy Products, Confectionery Products, Bakery Products, Meat Products, Savory & Snacks and Frozen Products. Based on Origin, the market is segmented into Natural, Natural Identical and Artificial/Synthetic. Based on Form, the market is segmented into Liquid and Dry.

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Key questions answered in this research report:

• • At what pace is global Food Flavors market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Food Flavors market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Food Flavors market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various application areas of global Food Flavors market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Type, By Application, By Origin, By Form, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Givaudan, International Flavors & Fragrances, Kerry Group, Cargill Inc., Symrise, Firmenich SA, Corbion, Takasago International Corporation, Sensient Technologies Corporation, and MANE; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Food Flavors Market by Type

• • Chocolate & brown flavors
  • Vanilla
  • Fruits & nuts
  • Dairy
  • Spices
  • Others

Global Food Flavors Market by Application

• • Beverages
    • Hot Drinks
    • Soft Drinks
    • Alcoholic Drinks
    • Other Drinks
  • Dairy Products
    • Ice Cream
    • Other Dairy Products
  • Confectionery Products
    • Chocolates
    • Other Confectionery Products
    • Baked Products
    • Meat Products
    • Savory & Snacks
    • Frozen Products

Global Food Flavors Market by Origin

• • Natural
  • Nature Identical
  • Artificial/ Synthetic
  • Global Food Flavors Market by Form
  • Liquid
  • Dry

Global Food Flavors Market by Region

• • North America Food Flavors Market
    (Option 1: As a part of the free 25% customization)
    • North America Food Flavors Market by Type
    • North America Food Flavors Market by Application
    • North America Food Flavors Market by Origin
    • North America Food Flavors Market by Form
    • United States of America (US) Food Flavors Market All-Up
    • Canada Food Flavors Market All-Up
  • Europe Food Flavors Market
    (Option 2: As a part of the free 25% customization)
    • Europe Food Flavors Market by Type
    • Europe Food Flavors Market by Application
    • Europe Food Flavors Market by Origin
    • Europe Food Flavors Market by Form
    • United Kingdom (UK) Food Flavors Market All-Up
    • Germany All-Up Food Flavors Market All-Up
    • France Food Flavors Market All-Up
    • Spain Food Flavors Market All-Up
    • Rest of Europe Food Flavors Market All-Up
  • Asia-Pacific Food Flavors Market
    (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Food Flavors Market by Type
    • Asia-Pacific Food Flavors Market by Application
    • Asia-Pacific Food Flavors Market by Origin
    • Asia-Pacific Food Flavors Market by Form
    • China Food Flavors Market All-Up
    • India Food Flavors Market All-Up
    • Japan Food Flavors Market All-Up
    • Rest of APAC Food Flavors Market All-Up
  • RoW Food Flavors Market
    (Option 4: As a part of the free 25% customization)
    • RoW Food Flavors Market by Type
    • RoW Food Flavors Market by Application
    • RoW Food Flavors Market by Origin
    • RoW Food Flavors Market by Form
    • Brazil Food Flavors Market All-Up
    • South Africa Food Flavors Market All-Up
    • Saudi Arabia Food Flavors Market All-Up
    • UAE Food Flavors Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Food Flavors Market All-Up

Global Food Flavors Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Givaudan
  • International Flavors & Fragrances
  • Kerry Group
  • Cargill Inc.
  • Symrise
  • Firmenich SA
  • Corbion
  • Takasago International Corporation
  • Sensient Technologies Corporation
  • MANE