About Flavor Blend
Flavor Blend is a mixture of two or more kind of flavors. The flavor blends has various applications and each flavor blend is developed or made specific to the requirements in its application. Primarily based on the form, the flavor blend market can be segmented into liquid and powder with liquid segment accounting for larger market share. The growth in the processed food and beverages market has led to significant competition and thus innovations to attain a competitive edge over other players. This has introduced numerous flavor blends in market. Increasing globalisation and urbanisation too has led to various mixtures of different flavors and thus aided in significant growth in the flavor blend market. Ice Cream accounts for one of the largest applications of flavor blends. North America is the dominant most market of flavor blend.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.4% |
The market for Flavor Blend is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Flavor Blend 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.
HUMCO Holding Group, Inc. (United States), Taylor Distributors of Indiana, Inc. (United States), Coperion GmbH (Germany), Azelis Holding S.A. (Luxembourg), Dempsey Corporation (Canada), Kerry Group plc (Ireland), Givaudan (Switzerland), Symrise AG (Germany), International Flavours & Fragrances Inc. (United States) and McCormick & Company Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Frutarom Ltd (Israel), Firmenich SA (Switzerland) and Synergy Flavors, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Flavor Blend market by Type (Sweat, Savoury, Meaty and Others), Application (Meat, Bakery, Ice Cream, Seasonings, Soups, Sauces and Others) and Region.
On the basis of geography, the market of Flavor Blend 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 Distribution Channel, the sub-segment i.e. Direct will boost the Flavor Blend market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Flavor Blend market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Popularity of Plant Based Flavor Blend is growing due to Rise in Vegan Culture and Liquid Form has a Larger Market Share Compared to Other Forms
Market Growth Drivers:
Growth in Processed Food Market and Increasing Demand for New Flavors due to Rapid Urbanisation and Globalisation
Challenges:
Innovating with New Flavour Blends to Enhance the Taste of the Food and to Attain a Competitive Edge in Market
Restraints:
Presence of Adulterated or Contaminated Products in Market and Chemical Based Flavor Blends may have Certain Side Effects on Consumers
Opportunities:
Huge Potential for Organic Flavour Blends to Expand in Market
Market Leaders and their expansionary development strategies
In December 2023, Lavazza announced the expansion of their strategic partnership with the introduction of the Paris Baguette Blend. This collaboration will introduce Paris Baguette's first-ever packaged coffee available for in-café purchase and builds upon the existing successful alliance
In July 2023, Marquis announced its first botanical-inspired flavor, Lemon Lavender. and Marquis is a plant-based, caffeinated, ready-to-drink (RTD) beverage that’s a proprietary blend of yerba mate, green coffee and green tea.
Key Target Audience
Flavor Blend Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, 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.