Global Flavors Market, Analysis and Forecast to 2030, By Flavors Nature, By Flavors Form, By Flavors Application

Name: Global Flavors Market
Brand: Stats And Research
SKU: Food & Beverages
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Published Date : 2023-01-03
Pages : 100
Report Id : 40326
Categories : Food & Beverages

This report describes the global market size of Global Flavors Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 5.9% from 2023 to 2030.

Flavors refer to the sensory perceptions experienced when consuming food or beverages, resulting from the combination of taste and aroma. They are essential components of the overall eating and drinking experience, contributing to the enjoyment and palatability of various products. Flavors are perceived through the collaboration of taste buds on the tongue, which detect basic tastes (sweet, salty, sour, bitter, umami), and olfactory receptors in the nose, which sense aromatic compounds.

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Global Flavors Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 5.6% during the forecast period 2023-2030. North American market for Global Flavors Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.

For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America

The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

For competitor segment, the report include global key players of Global Flavors Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share

By Flavors Nature
Natural
Synthetic

The synthetic tastes category led the market in 2022, accounting for 66.9% of total revenue. Chemical synthesis is used in a laboratory to develop synthetic taste compounds. These chemicals are meticulously designed by scientists and flavorists to mimic the taste and aroma of natural components. Synthetic flavor compounds are designed to replicate specific flavor qualities found in natural products. They are used to simulate flavors like fruit, spices, and vanilla.

Technological advances, such as the use of artificial intelligence (AI) and machine learning, are assisting in the creation of increasingly distinct and exact synthetic flavor profiles. In October 2020, for example, Firmenich, a leading taste and fragrance manufacturer, released an AI-generated flavor. This flavor, which is meant to taste like lightly grilled beef, is intended for use in plant-based meat substitutes. AI enables taste manufacturers by offering exact formula starting points and optimizing ingredient combinations, allowing them to match specified product specifications such as 100% natural ingredients. Changing consumer preferences and the need to reproduce flavors in vegan food products have resulted in this technological advancement, which has contributed to the expansion of the synthetic flavors industry.

By Flavors Form
Powder
Liquid/Gel

The powder category led the market in 2022, accounting for 65.9% of total sales. The variety and capacity to improve the flavor of diverse food and beverage products drives the usage of powdered flavors in the food sector. Powdered flavors are dry, easy to store, handy, have good heat stability, and a longer shelf life than fresh ingredients, making them ideal for baking and beverages. Powdered flavors can be blended with additional substances such as salt, sugar, and spices to create a flavor explosion.
During the projection period, the liquid/gel sector is expected to grow at a rapid pace. Flavors in liquid/gel form are concentrated versions utilized in food, beverage, and nutrition goods. Concentrated tastes are especially useful since they provide a strong flavor impression in little amounts. The concentrated form allows for easy flavor amplification in food products. Liquid flavors are more likely to be used by manufacturers in applications that demand a higher level of flavor consumption to achieve desired taste profiles.Furthermore, the clean-label trend has fueled a preference for liquid flavors, which often include fewer ingredients than powdered flavors and fit with consumer need for transparent and healthful ingredient lists.

By Flavors Application
Food
Dairy Products
Bakery & Confectionery
Supplements & Nutrition Products
Meat & Seafood Products
Snacks
Pet Foods
Sauces, Dressings & Condiments
Others
Beverage
Juices & Juice Concentrates
Functional Beverages
Alcoholic Beverages
Carbonated Soft Drinks
Others
Others

The tastes in the food category led the market in 2022, accounting for 64.8% of total sales. Fruit and botanical flavors are becoming increasingly popular in the food business. Grapefruit, tangerine, yuzu, mango, passion fruit, and guava are among the popular flavors, each with its own set of chemical properties that can serve a variety of roles, from concealing protein off-notes in sports nutrition products to disguising bitterness. Furthermore, according to Tastewise's 2023 top flavor & ingredient trends report, consumers are increasingly drawn to premium taste experiences and health benefits offered by florals and botanicals, with flavors such as ylang-ylang, vetiver, cherry blossom, hibiscus, and elderflower gaining popularity. The beautiful hues associated with these delicacies also help to attract customers.

During the projected period, the flavor beverage market is expected to develop at the quickest CAGR of 5.9%. Consumers' growing interest in mood-boosting and wellness-oriented products has increased demand for tastes in functional beverages. Flavor becomes an important component of functional beverages as customers seek strategies to manage stress, balance their moods, and improve their overall mental and emotional well-being. Flavors are chosen to correspond with various mood-related claims, such as happiness, relaxation, indulgence, and energy. For example, flavors such as turmeric, ginger, and lemongrass are associated with happiness claims, but floral, herbal, and citrus scents such as chamomile, lavender, and hibiscus are popular in calming or relaxing goods.

By Company

Givaudan
Firmenich SA
Symrise AG
Sensient Technologies Corporation
International Flavors & Fragrances Inc.
Takasago International Corporation
Kerry Group plc
MANE
Robertet Group
Huabao Flavours & Fragrances Co., Ltd.

Please ask for sample pages for full companies list

Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030

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TABLE OF CONTENTS

Market Taxonomy
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis and Recommendations
1.3. RA Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
3. Market Background
3.1. Parent/Associated Market Overview
3.1.1. Global Flavors Market Outlook
3.1.2. Global Flavors Market Overview
3.2. Effect of Covid-19 Impact
3.3. Effect of Russia-Ukraine Impact
3.4. Macro-Economic Overview
3.4.1. GDP Growth
3.4.2. Retail Industry Growth
3.5. Pricing Analysis
3.6. Challenges related to adoption of Global Flavors
3.7. Regulations of Global Flavors Market
3.8. Forecast Factors: Relevance and Impact
3.9. Market Dynamics
3.9.1. Drivers
3.9.2. Restraints
3.9.3. Opportunity
3.9.4. Trends
3.9.5. SWOT Analysis
4. Market Forecast
4.1. Market Value Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute Opportunity Analysis
5. Global Global Flavors Value Chain Analysis
5.1. Global Flavors Value Chain
5.1.1. List of Raw Material Suppliers
5.1.2. List of Global Flavors Manufacturer
5.1.3. List of Segment
6. Global Global Flavors Market Analysis By Flavor Nature
6.1. Introduction
6.1.1. Market Value Share Analysis By Flavor Nature
6.1.2. Y-o-Y Growth Analysis By Flavor Nature
6.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Flavor Nature
6.3. Market Attractiveness Analysis By Flavor Nature
7. Global Global Flavors Market Analysis By Application
7.1. Introduction
7.1.1. Market Value Share Analysis By Flavor Form
7.1.2. Y-o-Y Growth Analysis By Flavor Form
7.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Flavor Form
7.3. Market Attractiveness Analysis By Flavor Form
8. Market Structure Analysis
8.1. Market Analysis by Tier of Companies
8.1.1. By Large, Medium, and Small
8.2. Market Concentration
8.2.1. By Top 5 and by Top 10
8.3. Flavor Formion Capacity Share Analysis
8.3.1. By Large, Medium, and Small
8.3.2. By Top 5 and Top 10
8.4. Technology RoFirmenich SAap
9. Competition Analysis
9.1. Competition Dashboard
9.2. Company Profiles (15 Companies)
9.2.1. Givaudan
9.2.1.1. Overview
9.2.1.2. Flavor Form Portfolio
9.2.1.3. Financial Overview
9.2.2. Firmenich SA
9.2.2.1. Overview
9.2.2.2. Flavor Form Portfolio
9.2.2.3. Financial Overview
9.2.3. Symrise AG
9.2.3.1. Overview
9.2.3.2. Flavor Form Portfolio
9.2.3.3. Financial Overview
9.2.4. Sensient Technologies Corporation
9.2.4.1. Overview
9.2.4.2. Flavor Form Portfolio
9.2.4.3. Financial Overview
9.2.5. International Flavors & Fragrances Inc.
9.2.5.1. Overview
9.2.5.2. Flavor Form Portfolio
9.2.5.3. Financial Overview
9.2.6. Takasago International Corporation
9.2.6.1. Overview
9.2.6.2. Flavor Form Portfolio
9.2.6.3. Financial Overview
9.2.7. Kerry Group plc
9.2.7.1. Overview
9.2.7.2. Flavor Form Portfolio
9.2.7.3. Financial Overview
9.2.8. MANE
9.2.8.1. Overview
9.2.8.2. Flavor Form Portfolio
9.2.8.3. Financial Overview
9.2.9. Robertet Group
9.2.9.1. Overview
9.2.9.2. Flavor Form Portfolio
9.2.9.3. Financial Overview
9.2.10. Huabao Flavours & Fragrances Co., Ltd.
9.2.10.1. Overview
9.2.10.2. Flavor Form Portfolio
9.2.10.3. Financial Overview
9.2.11. COMPANY11
9.2.11.1. Overview
9.2.11.2. Flavor Form Portfolio
9.2.11.3. Financial Overview
9.2.12. COMPANY12
9.2.12.1. Overview
9.2.12.2. Flavor Form Portfolio
9.2.12.3. Financial Overview
9.2.13. COMPANY13
9.2.13.1. Overview
9.2.13.2. Flavor Form Portfolio
9.2.13.3. Financial Overview
9.2.14. COMPANY14
9.2.14.1. Overview
9.2.14.2. Flavor Form Portfolio
9.2.14.3. Financial Overview
9.2.15. COMPANY15
9.2.15.1. Overview
9.2.15.2. Flavor Form Portfolio
9.2.15.3. Financial Overview
10. Global Global Flavors Market Analysis By Region
10.1. Introduction
10.1.1. Market Value Share Analysis By Region
10.1.2. Y-o-Y Growth Analysis By Region
10.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Region
10.2.1. North America
10.2.2. Middle East and Africa
10.2.3. Asia-Pacific
10.2.4. South America
10.2.5. Others
10.3. Current Market Size (USD Mn) Forecast 2023-2030 By Region
10.3.1. North America
10.3.2. Middle East and Africa
10.3.3. Asia-Pacific
10.3.4. South America
10.3.5. Others
10.4. Market Attractiveness Analysis By Region
11. North America Global Flavors Market Analysis
11.1. Introduction
11.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
11.2.1. U.S.
11.2.2. Canada
11.2.3. Mexico
11.2.4. Rest of North America
11.3. Current Market Size (USD Mn) Forecast 2023-2030 By Country
11.3.1. U.S.
11.3.2. Canada
11.3.3. Mexico
11.3.4. Rest of North America
11.4. Historical Market Size (USD Mn) Analysis 2018-2022 By Flavor Nature
11.5. Current Market Size (USD Mn) Forecast 2023-2030 By Flavor Nature
11.6. Historical Market Size (USD Mn) Analysis 2018-2022 By Flavor Form
11.7. Current Market Size (USD Mn) Forecast 2023-2030 By Flavor Form
12. Asia-Pacific Global Flavors Market Analysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
12.3.1. Brazil
12.3.2. Argentina
12.3.3. Rest of Asia-Pacific
12.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of Asia-Pacific
12.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Flavor Nature
12.6. Current Market Size (USD Mn) Forecast 2023-2030 By Flavor Nature
12.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Flavor Form
12.8. Current Market Size (USD Mn) Forecast 2023-2030 By Flavor Form
13. Europe Global Flavors Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
13.3.1. Germany
13.3.2. Italy
13.3.3. France
13.3.4. Spain
13.3.5. U.K.
13.3.6. Rest of Europe
13.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
13.4.1. Germany
13.4.2. Italy
13.4.3. France
13.4.4. Spain
13.4.5. U.K.
13.4.6. Rest of Europe
13.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Flavor Nature
13.6. Current Market Size (USD Mn) Forecast 2023-2030 By Flavor Nature
13.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Flavor Form
13.8. Current Market Size (USD Mn) Forecast 2023-2030 By Flavor Form
14. Middle East and Africa Global Flavors Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
14.3.1. Saudi Arabia
14.3.2. U.A.E.
14.3.3. South Africa
14.3.4. Turkey
14.3.5. Rest of Middle East and Africa
14.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
14.4.1. Saudi Arabia
14.4.2. U.A.E.
14.4.3. South Africa
14.4.4. Turkey
14.4.5. Rest of Middle East and Africa
15. South America Global Flavors Market Analysis
15.1. Introduction
15.2. Regional Pricing Analysis
15.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
15.3.1. China
15.3.2. India
15.3.3. Japan
15.3.4. South Korea
15.3.5. Singapore
15.3.6. Australia and New Zealand
15.3.7. Rest of South America
15.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
15.4.1. China
15.4.2. India
15.4.3. Japan
15.4.4. South Korea
15.4.5. Singapore
15.4.6. Australia and New Zealand
15.4.7. Rest of South America
i. Research Methodology
ii. Assumptions & Acronyms

LIST OF FIGURES

Figure 01: Global Global Flavors market, BPS Analysis, by Flavor Nature, 2018(H), 2023(E) & 2030(F)
Figure 02: Global Global Flavors market, Y-O-Y Growth, by Flavor Nature, 2020(A) - 2030(F)
Figure 03: Global Global Flavors Market Attractiveness Analysis, by Flavor Nature (2020)
Figure 04: Global Global Flavors market, BPS Analysis, by Flavor Form, 2018(H), 2023(E) & 2030(F)
Figure 05: Global Global Flavors market, Y-O-Y Growth, by Flavor Form, 2018(H) - 2030(F)
Figure 06: Global Global Flavors Market Attractiveness Analysis, by Flavor Form
Figure 07: Global Global Flavors Market, Value Analysis, by Flavor Nature, 2018(H)-2030(F)
Figure 08: Global Global Flavors Market, Value Analysis, by Flavor Form, 2018(H)-2030(F)
Figure 09: Global Global Flavors market, BPS Analysis, by Region, 2018(H), 2023(E) & 2030(F)
Figure 10: Global Global Flavors market, Y-O-Y Growth, by Region, 2018(H) - 2030(F)
Figure 11: Global Global Flavors Market Attractiveness Analysis, by Region
Figure 12: North America Global Flavors Market Value (USD Mn Forecast, 2018 � 2022
Figure 13: North America Global Flavors Market Value (USD Mn Forecast, 2023 � 2030
Figure 14: Asia-Pacific Global Flavors Market Value (USD Mn) Forecast, 2018 � 2022
Figure 15: Asia-Pacific Global Flavors Market Value (USD Mn) Forecast, 2023 � 2030
Figure 16: Europe Global Flavors Market Value (USD Mn) Forecast, 2018 � 2022
Figure 17: Europe Global Flavors Market Value (USD Mn) Forecast, 2023 � 2030
Figure 18: Middle East and Africa Global Flavors Market Value (USD Mn) Forecast, 2018 � 2022

LIST OF TABLES

Table 01: Global Global Flavors Market Value (USD Mn) Forecast, by Flavor Nature, 2018(H) � 2030(F)
Table 02: Global Global Flavors Market Value (USD Mn) Forecast, by Flavor Form, 2018(H) � 2030(F)
Table 03: Global Global Flavors Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 04: North America Global Flavors Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 05: North America Global Flavors Market Value (USD Mn) Forecast, by Flavor Nature, 2018(H) � 2030(F)
Table 06: North America Global Flavors Market Value (USD Mn) Forecast, by Flavor Form, 2018(H) � 2030(F)
Table 07: Asia-Pacific Global Flavors Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 08: Asia-Pacific Global Flavors Market Value (USD Mn) Forecast, by Flavor Nature, 2018(H) � 2030(F)
Table 09: Asia-Pacific Global Flavors Market Value (USD Mn) Forecast, by Flavor Form, 2018(H) � 2030(F)
Table 10: Europe Global Flavors Market Value (USD Mn) and Forecast, by Country, 2018(H) � 2030(F)
Table 11: Europe Global Flavors Market Value (USD Mn) Forecast, by Flavor Nature, 2018(H) � 2030(F)
Table 12: Europe Global Flavors Market Value (USD Mn) Forecast, by Flavor Form, 2018(H) � 2030(F)
Table 13: Middle East and Africa Global Flavors Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 14: Middle East and Africa Global Flavors Market Value (USD Mn) Forecast, by Flavor Nature, 2018(H) � 2030(F)
Table 15: Middle East and Africa Global Flavors Market Value (USD Mn) Forecast, by Flavor Form, 2018(H) � 2030(F)
Table 16: South America Global Flavors Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 17: South America Global Flavors Market Value (USD Mn) Forecast, by Flavor Nature, 2018(H) � 2030(F)
Table 18: South America Global Flavors Market Value (USD Mn) Forecast, by Flavor Form, 2018(H) � 2030(F)

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