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United Kingdom Food Flavor and Enhancer Market is segmented by Product Type (Flavors and Flavor Enhancers) and Application (Bakery and Confectionery, Dairy, Savory, Soups, Pastas and Noodles, Beverages, and Others)
United Kingdom food flavor and enhancer market is projected to grow at a CAGR of 3.51% during the forecast period.
United Kingdom food flavor and enhancer market include revenue generated through Bakery and Confectionery, Dairy, Savory, Soups, Pasta and Noodles, Beverages, and Others. Additionally, the study covers market revenue of product types flavors and flavor enhancers in the United Kingdom.
|Bakery and Confectionery|
|Soups, Pastas and Noodles|
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For a country like the United Kingdom, consumers today are resourceful to identify the product formulation and the quality of ingredients used by the manufacturer. As the consumers learn more about their food and ingredients used during processing, they shape the products they want to find on the shelf. Moreover, the products with clean label claim such as free-from, natural, and minimally processed tend to most interest the British consumers. As a result, the sales of products with clean label claims rose significantly, pulling the associated ingredient market from USD 1333 million in 2016 to USD 1529 million in 2019, in the United Kingdom.
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In order to cater to the increasing demand for flavored carbonated beverage products, the companies are increasingly focusing on making product lines based on tropical fruits and super fruits. This is driving the growth of the flavored beverage market. According to a recent study, British consumers spend almost GBP 1,500 in a year on beverages. Thus, the popularity of flavored premium spirits has been attracting the spirit companies to introduce new premium flavored drinks for the last couple of years. Also, the increasing popularity of premium mixers, as customers look for sophisticated options, is also driving the demand for food flavors for the alcoholic beverage industry.
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United Kingdom food flavor and enhancer market face high competition, with the presence of several country-based key players. Some of the companies operating in this market are Givaudan, Archer Daniels Midland, and Kerry Inc. IFF Inc. has been a market leader owing to its technological advancement, as it holds various patents for its technological flavor solutions, which it offers to flavor manufacturers.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
188.8.131.52 Natural Flavors
184.108.40.206 Synthetic Flavors
220.127.116.11 Nature Identical Flavors
5.1.2 Flavor Enhancers
5.2.1 Bakery and Confectionery
5.2.4 Soups, Pastas and Noodles
6. COMPETITIVE LANDSCAPE
6.1 Market Position Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.2 Symrise AG
6.3.3 Firmenich SA
6.3.4 International Flavors & Fragrances Inc.
6.3.5 Sensient Technologies Corporation
6.3.6 The Archer Daniels Midland Company
6.3.7 Kerry Inc.
6.3.8 Sensate Pty. Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS