Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 4.2 % |
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Market Overview
Europe food flavor market is projected to grow at a CAGR of 4.2% during the forecast period 2020-2025.
- Globalization and modernization have accelerated the need for flavors and food processing industries. Additionally, the rise in the consumption rate of low fat, low salt, and low carbohydrate food is the key driver for the increasing food flavors’ consumption/demand. As flavors are region and country-specific, manufacturers are focusing on acquiring a larger market share, by producing customized flavors.
- Food flavoring 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 market is segmented by type, application, and geography. On the basis of type, the market is segmented into Natural Flavor, Synthetic Flavor, and Nature Identical Flavoring. On the basis of application, the market is segmented into Dairy, Bakery, Confectionery, Snack and Beverage, and Other Applications. The report also provides regional analysis.
| By Type | |
| Natural Flavor | |
| Synthetic Flavor | |
| Nature Identical Flavoring |
| By Application | |
| Dairy | |
| Bakery | |
| Confectionery | |
| Snacks & Savouries | |
| Beverage | |
| Other Applications |
| Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Russia | |
| Italy | |
| Spain | |
| Rest of Europe |
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, the 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. The 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 drink 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 the largest in Spain.
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Competitive Landscape
The food flavor market in Europe is competitive. Kerry Group, Cargill Inc., and BASF are few key players present in the market. Major companies are adopting strategies, such as introducing clean labels and organic flavor ranges and acquiring and partnering with local players to increase market penetration in the untapped markets.
Major Players
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Natural Flavor
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5.1.2 Synthetic Flavor
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5.1.3 Nature Identical Flavoring
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5.2 By Application
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5.2.1 Dairy
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5.2.2 Bakery
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5.2.3 Confectionery
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5.2.4 Snacks & Savouries
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5.2.5 Beverage
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5.2.6 Other Applications
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5.3 Geography
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5.3.1 United Kingdom
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5.3.2 Germany
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5.3.3 France
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5.3.4 Russia
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5.3.5 Italy
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5.3.6 Spain
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5.3.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Givaudan
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6.4.2 Kerry Group plc
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6.4.3 European Flavours and Fragrances
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6.4.4 BASF
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6.4.5 Firmenich
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6.4.6 FMC Corporation
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6.4.7 International Flavors & Fragrances Inc.
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6.4.8 DuPont de Nemours, Inc.
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Europe Food Flavor Market market is studied from 2016 - 2026.
What is the growth rate of Europe Food Flavor Market?
The Europe Food Flavor Market is growing at a CAGR of 4.2% over the next 5 years.
Who are the key players in Europe Food Flavor Market?
Givaudan, Kerry Group plc, European Flavours and Fragrances, BASF, Firmenich are the major companies operating in Europe Food Flavor Market.
