About Flavor Additives
Flavor additives are high used from the food industry, it enhances the smell and taste of food. It can be made 100% naturally, and artificial additive also available in the market. But, because of rising health concerns, the natural segment is gaining major attraction. It is highly used by food commercial industry. It is available in various types. It is easily available through online channels. There are numerous opportunities are in the market with growth in the food commercial industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The companies are exploring the market in new geographical regions by opting for market growth opportunities such as mergers & acquisitions, expansions, investments, and others. There is an increasing number of new market entrants because of low entry barriers. The leading players are exploring new areas through expansions and acquisitions across the world to avail of competitive advantage through mutual synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Flavor Additives market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), Frutarom (Israel), Sensient (United States), Magnakron Corporation (United States), Synergy Flavor (United States), Prova (United States), Huabao (China) and Yingyang (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Shanghai Apple (China), Wanxiang International (China) and Shenzhen Boton Flavors & Fragrances Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Flavor Additives market by Type (Natural Additives and Artificial Additives), Application (Preservation, Enrichment, Colour Improvement and Others) and Region.
On the basis of geography, the market of Flavor Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Beverages will boost the Flavor Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Methyl Esters will boost the Flavor Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Natural Ingredients and Overnight Industrialization in Various Sectors Like Food & Beverages, Perfumes, Soap, Detergents and More
Market Growth Drivers:
Increasing Requirement for Natural Ingredients and Rapid Growth in Industrialization in Various Sectors Like Food & Beverages, Perfumes, Soap, Detergents and More
Challenges:
Variations in the Prices of Raw Material
Restraints:
Stringent Government Regulations
Opportunities:
Increasing Investments by Market Key Players and Cumulative Applicability in the Different Sectors
Market Leaders and their expansionary development strategies
In April 2023, The McCormick brand and Tabitha Brown are expanding their partnership to add five new salt free, vegan seasoning products to grocery stores nationwide. Joining the wildly popular McCormick Sunshine Seasoning by Tabitha Brown, these new flavors will provide a more complete offering. The new products will consist of two seasoning blends coming to shelves and Amazon this spring and three recipe mixes rolling out later this summer.
In August 2023, GNT launched Shade Vivid Orange, the first 100% oil-soluble, plant-based color made from non-GMO paprika in the EXBERRY portfolio. This breakthrough product is a versatile and vibrant orange shade that can replace paprika oleoresin and artificial colors in a wide range of applications, including fat-based sweet and savory products.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Flavor Additives Manufacturers, Suppliers, and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.