Market Size of Europe Food Flavor and Enhancer Industry
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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.