Russia Food Flavor and Enhancer market- Growth, Trends and Forecast (2020 - 2025)

Russia Food Flavor and Enhancer market is segmented By Type into Flavors (Natural Flavors, Synthetic Flavors, and Nature Identical Flavors) and Flavor Enhancers, and By Application into Bakery, Confectionery, Dairy, Beverages, Processed Food, and Other Applications

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3.5 %

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Market Overview

Russia Food Flavor and Enhancer Market is projected to grow at a CAGR of 3.5% during the forecast period.

  • 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 owing to the increasing health hazards that occur in consumption of synthetic/artificial flavors, which has resulted in an increased demand for natural food flavors.
  • Due to rising health concerns, there is a continuous rise in demand for specialty ingredients, along with natural food flavors in functional and fortified beverages.
  • However, despite the need to rely on comfort foods, consumers are reluctant to compromise on flavor. People in the younger age group are the primary consumer base constantly willing to discover varied culinary traditions, in the interest of their taste buds.

Scope of the report

Russia Food Flavor and Enhancer Market is segmented By Type into Flavors and Flavor Enhancers. The Flavors segment is further sub-segmented into Natural Flavors, Synthetic Flavors, and Nature-Identical Flavors. Based on Application, the market is segmented into Bakery, Confectionery, Dairy, Beverages, Processed Food, and Others Applications.

Type
Flavors
Natural Flavors
Synthetic Flavors
Nature Identical Flavors
Flavor Enhancers
Application
Bakery
Confectionery
Dairy
Beverages
Processed Food
Other Applications

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Key Market Trends

Rising Demand for Clean Label Ingredients

With increasing health awareness, most of the population thoroughly checks the label of a product before buying it. This awareness among consumers has prompted manufacturers to undertake the replacement of synthetic flavors with natural flavors. There has been a growing consumer demand for processed food and the expectations for safer and healthier ingredients have, in turn, increased the need for the introduction of clean-label ingredients across diverse applications. An interest in the development of new natural flavor substances has been observed, for their use in the food industry, which is due to the strong consumer demand for more natural products. The health-enhancing properties of natural flavors, combined with the organic properties in natural products, are also increasing their adoption.

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Natural Identical Flavors is the Growing Market

The demand for nature-identical flavoring is increasing at a lucrative growth rate, owing to the increasing demand for flavor variations among the millennials and teenagers' consumers in the global food and beverage market. Furthermore, the increasing demand for healthy food and beverages is also increasing the demand for nature-identical flavorings in the market, as it imparts the identical taste to natural flavors in the end products, also they are more economical than the natural flavors due to their convenient processing and extraction methods. The cost-effectiveness of nature-identical flavorings increases the demand and use of nature-identical flavorings in the various industries.

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Competitive Landscape

Russia Food Flavor and Enhancer Market is consolidated with the major players holding the maximum share in the market. The key strategies adopted by the companies are new product innovation, mergers and acquisitions, partnerships and expansion. The major players are Givaudan, Firmenich, Kerry Group, International Flavors and Fragrances Inc. among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 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 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 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 Flavor Enhancers

    2. 5.2 Application

      1. 5.2.1 Bakery

      2. 5.2.2 Confectionery

      3. 5.2.3 Dairy

      4. 5.2.4 Beverages

      5. 5.2.5 Processed Food

      6. 5.2.6 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Givaudan

      2. 6.3.2 Firmenich

      3. 6.3.3 Kerry Group

      4. 6.3.4 International Flavors and Fragrances Inc.

      5. 6.3.5 Symrise AG

      6. 6.3.6 Aromaros-M

      7. 6.3.7 Archer Daniels Midland Company

      8. 6.3.8 Takasago International Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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