LONDON--(BUSINESS WIRE)--The food flavors market is expected to register a CAGR of over 4% during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Due to the extensive spread of the virus across the globe, the Consumer Staples Industry is anticipated to have Positive impact. The food flavors market will showcase Positive impact during 2020-2024.
Food Flavors Market 2020-2024: Segmentation
Food Flavors Market is segmented as below:
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Product
- Natural Flavors
- Artificial Flavors
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Geography
- Europe
- North America
- APAC
- South America
- MEA
APAC region will account for the highest incremental growth during the forecast period due to the growing demand for natural food flavors among end-user companies and increasing consumption of ultra-processed foods containing artificial flavors.
With the surging growth of COVID-19 pandemic, the Consumer Staples market is anticipated to have a Direct impact during the forecast period. View market snapshot before purchasing
Increasing demand for food flavors in processed foods has been an instrumental factor in influencing the growth of food flavors market. Other market drivers include new product launches. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID 19 market estimates
- Quarterly impact analysis and updates on market estimates
Get more insights about the global trends impacting the future of food flavors market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43501
Food Flavors Market 2020-2024: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include Archer Daniels Midland Co., BASF SE, Firmenich SA, Givaudan SA, Kerry Group Plc, Koninklijke DSM NV, McCormick & Company Inc., Sensient Technologies Corp., Symrise AG, and Takasago International Corp.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Natural flavors - Market size and forecast 2019-2024
- Artificial flavors - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Archer Daniels Midland Co.
- BASF SE
- Firmenich SA
- Givaudan SA
- Kerry Group Plc
- Koninklijke DSM NV
- McCormick & Company Inc.
- Sensient Technologies Corp.
- Symrise AG
- Takasago International Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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