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

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

Fastest Growing Market:

South America

Largest Market:

Asia Pacific

Key Players:

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Market Overview

Food Flavor and Enhancer Market is forecasted to grow at a CAGR of 5.5% during the forecast period (2019-2024).

  • The market is driven by the changing lifestyle, increasing demand for healthy ingredient, and influential trend for new exotic and ethnic flavors. With rising preference for premium-quality products, including premium lines of seasonings and sauces, the market is growing rapidly across the globe.
  • Majority of the population specifically in South American region have attraction towards foreign cuisines. Majority of population is experimenting food formulation specifically from Asian countries which is driving the food flavor and enhancer market over the forecast period

Scope of the Report

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.

By Type
Natural Flavor
Synthetic Flavor
Nature Identical Flavoring
Flavor Enhancers
By Application
Dairy
Bakery
Confectionery
Processed Food
Beverage
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
South Africa
Rest of Africa

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Key Market Trends

Increasing Demand for Food Flavors

There is a rising demand for natural food flavors and consumers are seen avoiding artificial colors and flavors that are incorporated into different food categories due to the rising behavioral problems in children due to artificial flavorings which has resulted in an increased demand for natural food flavors lately. Most of the food flavors are being used in bakery and confectionery which has made food flavors an extremely lucrative market for the manufacturers in the industry. Consumers especially millennials enjoy experimenting with new taste sensations, but continue to maintain strong preference and nostalgic feeling for their traditional flavors. This changing nature of consumers has led to development of various flavor profile in every food and beverage category.

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South America is the Fastest Growing Market

Increasing consumers awareness towards health and wellness is leading the consumers to shift from artificial flavors to organic and natural flavors. Also, many food enhancers are being commercially produced as they are in great demand. Food flavor enhancers are especially used in protein rich food as it enhances the taste of foods like fish and meat, where foods like these are highly consumed in this region. Low labor cost in the region is also expected to encourage companies towards establishment of ventures, thereby augmenting the growth of the flavor market. Consumer perception regarding the benefits of natural additives has generated interest among the americans about the use of food flavor enhancers.

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Competitive Landscape

The food flavor and enhancer market is moderately competitive, with continuous growth, going on, in terms of flavors and new ingredients sourcing methodology. Some of the prominent players in the market studied are Cargill, Givaudan, Corbion, Sensient, and ADM. Companies are coming up with new innovative flavors, preferably, clean-label ingredients, which are naturally derived. Moreover, the manufacturers are even expanding their presence and procurement procedures.

Major Players

  1. givaudan
  2. Firmenich
  3. International Flavors & Fragrances Inc.
  4. Archer Daniels Midland Company
  5. DSM

* 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 Natural Flavor

      2. 5.1.2 Synthetic Flavor

      3. 5.1.3 Nature Identical Flavoring

      4. 5.1.4 Flavor 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 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 UAE

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Africa

  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 International Flavors & Fragrances Inc.

      3. 6.4.3 Firmenich

      4. 6.4.4 International Flavors & Fragrances Inc.

      5. 6.4.5 DSM

      6. 6.4.6 European Flavours and Fragrances

      7. 6.4.7 DuPont

      8. 6.4.8 BASF

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

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