Food flavors are components which alter the flavors of natural food products. Flavor and food color are the major aspects in the product development of food and beverages industry. Food color determines flavor of the food and affects the user choice while consuming food. A report by IndustryARC says that the global food flavors market, which was valued at $11.4 billion in 2018, is projected to grow at a CAGR of 5.1% during the forecast period 2019-2025.
The global food flavors market by IndustryARC titled, “Food Flavors Market: By Type (Flavor Additives and Flavor Enhancers), By Application (Beverages, Bakery and Confectionery, Dairy and Frozen Products, Snacks and Savory, Animal and Pet Food) - Forecast (2019-2025)”, provides an in-depth assessment of the food flavour market size, food flavors market scope, food flavors market trends, food flavors market growth, food flavors market demand and food flavors market forecast as well.
Food Flavors Market: Leading Segments
Food flavor is a very imperative quality factor during manufacturing of food products. Flavor is defined as a combination of taste, smell, and chemesthesis, which refers to a sensorial perception of food produced during consumption. Inventors of pioneering products and astonishing tastes, and flavorists are combinedly acting as the sensation supporters of food flavors, because they use their skill to enrich people’s daily food and drink experiences. According to IndustryARC estimations, beverages are slated to be the fastest growing application segment utilizing food flavors, and are projected to grow at a CAGR of 5.2% over the forecast period.
Asian countries are increasingly using purple Ube roots to inculcate that colour in every product. Ube-based violet cakes and creams are in demand in the Asian food flavors market. Thus, APAC has been acknowledged as a leading region in the global food flavors market, which accounted for a share of 38% in 2018.
Food Flavors Market: Disruptive Trends
o The processed food industry adds flavors to almost everything. Processed food is fully pumped with preservatives, and transferred into a package which gets transported across different countries where they get shelved for a long time.Thus, there exists the necessity to essence flavouring of this processed food. For this, a multi-billion dollar flavor industry is committed to produce chemicals that make processed food as tasty as natural food.
o Ever increasing consumer preferences for healthier alternatives and fresh flavors is driving growth for the food flavors market.
o Increasing willingness on the part of consumers to consume more natural and organic products is acting as one of the biggest and fastest-growing trends driving the food flavour industry.
o The usage of herbs and spices as flavour additives is an existent trend. Chai, which was once limited to India. Combination of spices and herbs with more traditional flavours such as basil & grapefruit, ginger & pineapple, rosemary & raspberry, and pepper & strawberry are flourishing everywhere in the world today.
Food Flavors Market: Competitive Landscape
Givaudan, International Flavors & Fragrances, Takasago International Corporation, T. Hasegawa U.S.A. Inc., Sensient Technologies, Firmenich SA, Symrise AG, Robertet, Frutarom Industries Ltd. are some of the key food flavors market players.
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