About Flavor Ingredient
Flavor ingredients are widely used to enhance the taste and aroma of a variety of foods. Different types and forms of flavor ingredients are used in baked products and beverages to give a desirable flavor that lasts through the shelf-life product. Increased adoption of functional foods and beverages due to various health benefits and rapidly growing working population worldwide. Flavor ingredient is also used by cosmetics manufacturers as a substance to produce or mask the particular flavor in the cosmetic products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.5% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Synergy Flavors (United States), Kerry (Ireland), DuPont (United States), Givaudan (Switzerland), International Flavors & Fragrances Inc. (United States), Symrise (Germany) and Firmenich (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Takasago International Corporation (Japan), T. Hasegawa (Japan), Sensient Flavors (United States) and Kanegrade (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Flavor Ingredient market by , Application (Food & Beverages, Cosmetics, Personal Care and Others) and Region.
On the basis of geography, the market of Flavor Ingredient has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Nature, the sub-segment i.e. Natural will boost the Flavor Ingredient 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 Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Flavor Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Organic and Natural Plant-based Flavor Ingredients
Market Growth Drivers:
Increasing Use of Flavor Ingredients to Give Rich Aroma and Taste to the Variety of Food Dishes and Rising Demand for Functional Food and Beverages with the Rapidly Growing Health Conscious Population Worldwide
Restraints:
Growing Concern about the Health Risk Due to Artificial Flavor Ingredients
Opportunities:
Use of Flavor Ingredients in Manufacturing of Cosmetics and Personal Care Products
Market Leaders and their expansionary development strategies
On July 2023, Firmenich, a major flavor and fragrance company, partnered with Chr. Hansen, a leading enzyme and biosolutions provider, to develop new taste and texture solutions for plant-based meat alternatives. This collaboration aimed to leverage Firmenich's flavor expertise with Chr. Hansen's enzyme technology to create more realistic and appealing plant-based meat products.
In August 2023, International Flavors & Fragrances (IFF) launched a new line of plant-based flavorings targeting the growing demand for clean-label and sustainable food products. This product line offered natural flavors derived from botanical sources to cater to consumer preferences for natural ingredients.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Flavor Ingredient Manufacturers, Suppliers and Distributors of Flavor Ingredient, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
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.