Global Food Flavor Market Growth, Trends and Forecast: 2018-2023 - Givaudan Dominates the Highly Fragmented Global Market - ResearchAndMarkets.com

DUBLIN--()--The "Global Food Flavor Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global food flavor market is expected to register a CAGR of 5.8% over the forecast period of 2018-2023.

Flavor and enhancers, when added in minimal quantities, enhance and alter the taste of the food product. Flavor represents a significant share in the highly innovative, specialized, and competitive food additive market.

Givaudan dominates the highly fragmented global market. Companies focus on innovation, investment, and expansion as the most powerful strategies to sustain the market competition.

Key Highlights

  • Increased Savory Market Boosts Demand for Flavor
  • Natural Flavor Expected to Grow at the Highest CAGR
  • Emerging Countries Display a Great Potential

Market Dynamics

Drivers

  • Globalization and Modernization in Food Habits
  • Expanding Beverage Industry

Restraints

  • Consumers Demand for Natural Additives
  • Region Specific Customization

Opportunities

  • Innovations in Natural Flavors Segment
  • Innovations to Meet the Wellness Demand

Developments in the Market

  • Sensient has launched a product line including seasonal combinations for spring, summer, autumn, and winter. Fruit flavors are perceived by consumers as being healthier options than other flavors. Sensient's line-up allows manufacturers to reinvigorate their brands and includes concepts designed to appeal to adults as well as children.
  • Cargill has introduced erythritol as a flavor and has opened new avenues for the ingredient, which, till now, had been pigeonholed as a bulk sweetener.
  • ADM has acquired the flavor giant Wild Flavors GmbH, to expand its businesses into the wild and natural flavor market.
  • Takasago has opened a new R&D facility for flavors & fragrance in India, with an investment of USD 10 million.

Topics Covered

1. Introduction

2. Key Findings

3. Market Overview & Dynamics

4. Market Segmentation

5. Competitive Landscape Overview

6. Company Profiles

  • Givaudan
  • Firmenich
  • Ariake USA Inc.
  • Cargill Inc
  • Kerry Group
  • Corbion Purac
  • Archer Daniels Midland (ADM)
  • FMC Corporation
  • Symrise AG
  • BASF
  • International Fragrance and Flavors Inc. (IFF)
  • Sensient
  • Dupont - Danisco
  • D.D. Williamson & Co Inc.

For more information about this report visit https://www.researchandmarkets.com/research/x4g5fj/global_food?w=4

Contacts

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Related Topics: Food Additives

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Food Additives