Global Food Flavor Strategy Business Report 2024: Market expected to reach $24.9 billion by 2030

food flavor market

DUBLIN, April 3, 2024 (Globe Newswire) — The “Food Flavors – Global Strategic Business Report'' report has been added. ResearchAndMarkets.com Recruitment.

Global food flavor market expected to reach $24.9 billion by 2030

The global market for food flavors, estimated at USD 19.4 billion in 2023, is projected to reach a revised size of USD 24.9 billion by 2030, at a CAGR of 3.2% over the analysis period 2023-2030. grow in

The report begins with an introduction to Food Flavors and highlights its importance in the broader context of the global Food Additives market. A snapshot of the current economic situation prepares you to understand market dynamics. This is followed by a competitive landscape analysis, detailing the market share percentage of the world's major competitors in 2021 and assessing their market presence categorized as strong, active, niche, or small. will be done.

The report then delves into the global Food Flavors market prospects and prospects and identifies prominent driving factors such as rising income levels, rising health consciousness, and increasing applications in the food and beverage industry. It highlights the high demand for processed foods and consumer preference for natural ingredients, with a particular focus on the growing popularity of liquid food flavors. Looking at market trends, the dominance of beverages and the rapid growth of savory and snacks segments are evident.

Natural food flavors, one of the segments analyzed in the report, is expected to register a CAGR of 3.6% and reach USD 12.2 billion by the end of the analysis period. The growth of the synthetic food flavors sector is estimated at 2.8% CAGR over the next eight years.

The US market is estimated at $5.1 billion, while China is expected to grow at a CAGR of 4.5%

The US food flavor market is estimated to be USD 5.1 billion in 2023.

Asia Pacific has emerged as a major player and enjoys a significant revenue share in the global food flavor market. Finally, we examine recent market activities to provide insights into the ongoing developments in the industry.

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China, the world's second largest economy, has a projected market size of USD 4.4 billion by 2030, with a CAGR of 4.5% over the analysis period 2023-2030. Other notable geographic markets include Japan and Canada. Growth is expected to be 2.1% and 2.7% from 2023 to 2030, respectively. Among Europe, Germany is projected to grow at a CAGR of approximately 2.5%.

Attractive new reporting features

• Full access to influencer engagement statistics

• Free access to digital archives and research platforms. The unique platform is fully enabled to unleash the creativity and market knowledge of subject matter experts from around the world in a cohesive and collaborative manner. State-of-the-art tools provide a world-class market perspective while protecting participant privacy and identity. The numbers, statistics, and market stories within the report are based on fully curated insights shared by experts and influencers in the field.

• Opportunity to participate in interactive surveys with real-time data simulator tools and bespoke report generation capabilities

• Full client access to a peer collaboration and interactive platform for smart idea exchange between companies

• 1 year of free report updates

• Covering global market share of competitors and key players

• Player market presence analysis across multiple regions (Strong/Active/Niche/Minor)

• Access to selected YouTube video transcripts of subject matter expert/influencer interviews, podcasts, press statements, and event keynotes.

Key attributes:

Market overview

• Taste of Food – Prelude

• Flavors – Largest Segment of Global Food Additives Market

• Latest information on the world economy

• competitive environment

• Food Flavors – Market Share Percentage of Global Major Competitors in 2021 (E)

• Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2021

• Global market outlook and outlook

• Prominent Driving Factors of the Global Food Flavors Market

• Increasing income and health consciousness drive market growth

• Increasing applications in the food and beverage industry

• High demand for processed foods

• Consumer attention to natural ingredients

• Liquid food flavors enjoying huge demand

• Beverages dominate while savory and snacks experience fastest growth

• Asia Pacific region captures major revenue share in global food flavor market

• Natural & Savory & Snacks: a well-positioned segment in the food flavor market

• Recent market activity

Market trends and drivers

• Growing food and beverage industry and robust application opportunities in beverages drive demand for food flavors

• Increased demand for healthy, natural flavors

• Flavor: a constantly changing variable

• Growing demand for ethnic flavors in packaged foods

• In the confectionery sector, rich and complex flavors are preferred.

• Savory: Flavor to taste

• New flavors in key food categories

• Increased demand for citrus flavors

• The growing appeal of dairy flavors

• Big benefits with vegan and plant-based flavors

• Innovative flavors and sustainability will have a major impact on the snack market

• The new omnichannel meal

• harmonize with immunity

• New Stalgy and Nostalgia

• flavor mashup

• Innovations in flavor science and technology are delivering healthier desserts and confections

• Harness the power of nostalgia

• Good for you and for your taste buds

• Spicy and simple taste

• Add a twist to the classics

• sweet plus

• Fermented foods grow in popularity

• street food

• Rise of health megatrends strengthens use of natural food fortifiers in bakery products

• Surge in demand for eclectic flavor combinations encourages North American flavor manufacturers to adopt new flavor profiles

• Flavor details

• Soaring demand for sustainable natural flavors

• Use of cannabis as a natural ingredient to develop flavors

• Favorable economic and demographic trends strengthen market outlook

• Expanding world population

• World population by geographic region (2018-2050) (in thousands)

• Expansion of urban population

• World urban population (thousands): 1950-2050P

• Global urbanization: urban population as a percentage of total population by geographic region in 2000, 2020, and 2050

Focus on carefully selected players(Total of 145 items posted)

• A&B Ingrigent Co., Ltd.

• Archer Daniels Midland Company (ADM)

• Ajinomoto Group

• bell flavors and fragrances

• Cargill Corporation

• DPO International Co., Ltd. BHD.

• Firmenich SA

• Givaudan SA

• Huabao International Holding Co., Ltd.

• International Flavors & Fragrances Co., Ltd.

• kelly group plc

• Koninkreike DSM NV

• Manet SA

• robertett group

• SH Kelkar & Company Limited (Keba)

• Sensient Technologies Co., Ltd.

• Symrise AG

• Hasegawa Co., Ltd.

• Takasago Fragrance Industry Co., Ltd.

For more information about this report, please visit https://www.researchandmarkets.com/r/4wm461.

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