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

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 Product and Geography.

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

CAGR:

4.5%

Fastest Growing Country:

Spain

Key Players:

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Market Overview

Europe Food Flavor and Enhancer Market are forecasted to grow at a CAGR of 4.5% during the forecast period (2019-2024).

  • The synthetic flavor segment held a 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. 

Scope of the Report

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
Food Flavors
Natural Flavors
Synthetic Flavors
Nature Identical Flavors
Enhancers
By Application
Dairy
Bakery
Confectionery
Processed Food
Beverage
Others
Geography
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe

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Key Market Trends

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.

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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.

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Competitive Landscape

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.

Major Players

  1. Givaudan
  2. Kerry Group plc
  3. European Flavours and Fragrances
  4. BASF
  5. Firmenich

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

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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

    1. 3.1 Market Overview

  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 Food Flavors

        1. 5.1.1.1 Natural Flavors

        2. 5.1.1.2 Synthetic Flavors

        3. 5.1.1.3 Nature Identical Flavors

      2. 5.1.2 Enhancers

    2. 5.2 By Application

      1. 5.2.1 Dairy

      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 Europe

        1. 5.3.1.1 Spain

        2. 5.3.1.2 United Kingdom

        3. 5.3.1.3 Germany

        4. 5.3.1.4 France

        5. 5.3.1.5 Italy

        6. 5.3.1.6 Russia

        7. 5.3.1.7 Rest of Europe

  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 Kerry Group plc

      3. 6.4.3 European Flavours and Fragrances

      4. 6.4.4 BASF

      5. 6.4.5 Firmenich

      6. 6.4.6 FMC Corporation

      7. 6.4.7 International Flavors & Fragrances Inc.

      8. 6.4.8 DuPont de Nemours, Inc.

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

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