DUBLIN--(BUSINESS WIRE)--The "Food Flavors Market by Type (Chocolate & Browns, Vanilla, Fruit & Nut, Dairy, Spices), Application (Beverages, Dairy, Confectionery, Bakery, Meat, Savory & Snacks), Origin (Natural, Nature identical, Artificial), Form, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global flavors market is projected to grow from USD 15.69 billion in 2019 to reach USD 20.72 billion by 2025, at a CAGR of 4.8% in terms of value.
Factors such as the growth in environmental concerns and the rise in demand for bioethanol and advancement tools to optimize industrial production are projected to drive the growth of the food flavors industry during the forecast period. However, the growth of the food flavors market is inhibited by factors, such as high adaptation costs involved for small- & medium-sized enterprises. In addition, the stringent regulatory framework for the use of food flavors inhibits the growth of this market.
By type, the natural segment is projected to grow at the highest CAGR during the forecast period.
Natural flavors are estimated to form the dominant segment by origin for the food flavors market. Customers are showing a preference for natural flavors over synthetic flavor for food & beverage options. The processed food manufacturers prefer the natural segment due to high demand among customers. The popularity of organic flavors and food are also driving this segment.
By form, the liquid & gel segment is estimated to account for the largest share.
The liquid & gel forms of the food flavor are dominating the market. The liquid and gel forms are easy to blend with the ingredients and, therefore, are preferred by the manufacturers. It provides uniform texture and color to the end product. Also, it is more stable than the dry form; therefore, it is driving the market.
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.
The food flavors market in the Asia Pacific region is largely driven by industrial shift and technological advancements that have made enzymes available for a wide range of applications. Developed markets such as North America and Western Europe are becoming mature, which has led to faster growth in developing markets such as Asia Pacific. Furthermore, the changing consumer preference in the food & beverage industry has contributed to the growth of the food flavors market in this region.
The food flavors market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, South America, and RoW (South Africa, the Middle East, and Others in Africa).
- Shift in Consumer Base
- Continuous Demand for Sweet Flavors
- Technological Advancements in the Flavor Industry
- Growth in Trade, Investment, and Expenditure in the Processed Food & Beverages Market
- Restraints Related to Natural Flavors
- Side-Effects of Added Flavors, Both Natural and Synthetic
- Stringent Regulations and Government Policies
- Reduced Beverage Production in Q2 of 2020 Due to COVID-19 Outbreak Restrained Flavors Businesses
- Emerging Markets
- Innovative Raw Material Sources
- Use in Functional Foods
- Increase in Popularity of Novel Flavors
- Launch of Advanced Flavors
- Floral Flavors to Gain Market Attention
- Compliance With Quality and Regulatory Standards
- Archer Daniels Midland (Adm)
- Kerry Group
- International Flavors and Fragrances (Iff)
- Taiyo International
- T. Hasegawa
- Synergy Flavors
- Emerging Leaders
- Emerging Companies
- Amar Bio-Organics
- The Flavor Factory (TFF)
- The Foodie Flavors
- Besmoke Limited
- Aromata Group
- Create Flavors
- Gulf Flavors & Food Ingredients Fzco
- Seluz Fragrance & Flavor Company
For more information about this report visit https://www.researchandmarkets.com/r/8tp826