DUBLIN--(BUSINESS WIRE)--The "Global Liquid Flavour Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The global liquid flavour market is projected to grow at a CAGR of 3.95% during the forecast period, to reach US$10.205 billion by 2023, from US$8.409 billion in 2018
Liquid flavours are used for the enhancement of smell and taste for various products at economical prices. The growing demand for packaged goods such as chips, dips, pretzels, and curls, among various others goods, will drive the demand for liquid flavour worldwide.
In addition, the liquid flavour is used in carbonated alcoholic and non-alcoholic beverages to enhance their aroma and taste. Booming demand for e-cigarette will add to the consumption of artificial liquid flavours, as these are used as e-liquid flavour. Increasing awareness of the harmful effects of chemicals used in processed food will augment the demand for natural and organic liquid extracts during the forecast period.
The North America region enjoys a favorable market share due to the massive consumption of packaged goods. The Asia-Pacific region will witness substantial growth over the next five years. Developing economies in the Asia-Pacific region, such as India and China, will boost the demand for liquid flavour due to the rising consumption of FMCG products.
The global liquid flavour market is highly competitive owing to the presence of well-diversified multinational, regional and local players. The rising demand for liquid flavour due to its cost-effectiveness for producers is widening the consumer base and inviting new players in the market to meet budding demand.
Some of the major players discussed in this report are BioSun Flavours and Food Ingredients, Firmenich S.A., Gold Coast Ingredients Inc., Takasago International Corporation, McCormick & Company, and Natures flavours, Inc., among others.
- Fresh Extracts
- Organic flavour concentrates
- Artificial flavour liquids
- Bakery & Confectionery
- Processed Foods
- Dairy & frozen foods
Key Topics Covered:
2. Research Methodology
3. Key Findings of The Study
4. Market Dynamics
5. Global Liquid Flavour Market Forecast by Product (US$ billion)
6. Global Liquid Flavour Market Forecast by Application (US$ billion)
7. Global Liquid Flavour Market Forecast by Geography (US$ billion)
8. Competitive intelligence
9. Company profiles
- BioSun Flavours and Food Ingredients
- Firmenich S.A.
- Gold Coast Ingredients Incorporated
- Takasago International Corporation
- McCormick & Company
- Natures flavours Incorporated
- Kerry Group
- Sensient Technologies
- Symrise AG
International Flavours and Fragrances Incorporated
For more information about this report visit https://www.researchandmarkets.com/research/3fsbvv/global_liquid?w=4