Market Size of France 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 | 4.14 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Food Flavor and Enhancer Market Analysis
The France food flavor and enhancer market is estimated to be valued at USD 946.87 Million in 2020 and is projected to grow at a CAGR of 4.14% during the forecast period (2021- 2026).
- France is one of the leading importers of food ingredients. The country has a large food processing sector and an important re-exporter of natural ingredients to other European countries. Further, the demand for organic and natural products is high in the country, giving ample room for food manufacturers to target consumers with such labels. The growing demand for functional foods can witness the withdrawal signs in terms of synthetic food flavors and the adaptation of naturals.
- The increasing consumer interest in nutritionally enriched products and all-natural foods is promoting the demand for high-value premium and natural additives, expanding the demand for natural flavors in the country. The trend also justifies the emerging trend of botanical flavors in the country, which is primarily perceived as healthy among the country's consumers.
- In France, the export of fruits and vegetables decreased significantly after lockdowns were imposed late March 2020, largely because of high air freight charges. Therefore, the export restrictions have a direct impact on prices of the agricultural commodities including fruits and vegetables, which will automictically have a negative price effect on its processed products such as food flavours primarily natural food flavors.
