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The Chinese Food Flavor and Enhancer Market is Segmented by Type into Natural Flavor, Synthetic Flavor, and Nature Identical Flavor and by Application into Bakery, Beverages, Confectionery, Dairy, Snacks, and Other Applications.
The Chinese food flavor and enhancer market is projected to register a CAGR of 4.0% during the forecast period, 2020-2025.
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.
|Nature Identical Flavoring|
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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.
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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.
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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.
1.1 Study Assumptions andMarket Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Natural Flavor
5.1.2 Synthetic Flavor
5.1.3 Nature Identical Flavoring
5.2.6 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Givaudan SA
6.3.2 Firmenich SA
6.3.3 International Fragrance and Flavours Inc.
6.3.4 Sensient Technologies
6.3.5 Symrise AG
6.3.6 Takasago International Corporation
6.3.7 Cargill Inc.
6.3.8 Archer Daniels Midland Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS