Flavors Ingredients Market - Forecast(2021 - 2026)

Report Code: FBR 0532 Report Format: PDF + Excel (Delivery in 48 Hrs)

Flavor Ingredients Market Overview

Flavor Ingredients market size is forecast to reach $23,349 million by 2026, growing at a CAGR of 3.2% during the forecast period 2021-2026. Flavor ingredients are compounds that improve the flavor of food, drink, or any other material. Essential oils, oleoresins, aroma compounds, and other substances are used in flavoring. Natural or synthetic flavoring components can be used. Natural flavors are generated from natural sources such as vegetables, plant extracts, marine extracts, dairy, and others. It is frequently added to food products to improve flavors that are lost during manufacturing. This is an additional ingredient that enhances the flavor of the dish and makes it more appealing to consumers. Increasing application of Flavor Ingredients in various food products are the major factors driving the growth of the Flavor Ingredients market. Increasing demand for processed food products coupled with rising disposable income of the people is set to further enhance the overall market development of the Flavor Ingredients Market for the period 2021-2026.

Report Coverage

The report: “Flavor Ingredients Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Flavor Ingredients Market.
By Ingredients: Essential Oil, Oleoresins, Aroma Chemicals, Others.
By Source: Vegetable, Plant Extract, Marine Extract, Dairy, Others
By Form: Liquid, Powder, and Paste
By Application: Beverage, Bakery & Confectionery, Savory Foods, Tobacco, Pet Food, Oral Care, Nutraceuticals, Others
By End-User: Pharmaceuticals, Cosmeceuticals, Food & Beverages, Others 
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • Asia-Pacific dominated the Flavor Ingredients Market in 2020 owing to rising disposable income of the people coupled with growing demand for convenience food products. The Flavor Ingredients Market scope for different regions will be provided in the final report.
  • Increasing demand for natural food ingredient are likely to aid the market growth of the Flavor Ingredients Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Flavor Ingredients Market report.
  • Fluctuation in raw material prices is poised to create the hurdles for the Flavor Ingredients Market.

Flavor Ingredients Market Revenue Share, By Geography, 2020(%)
Flavor Ingredients Market Revenue Share
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Flavor Ingredients Market Segment Analysis – By Ingredients 

Essential Oil held the largest share in the Flavor Ingredients Market in 2020 and is estimated to grow at a CAGR 3.2% during the forecast period 2021-2026. Essential oils are distilled plant extracts that retain the natural scent and taste of their source. They are obtained by mechanical pressing or distillation. Each essential oil has a unique chemical structure that determines the aroma, absorption, and effects on the body. Essential oil helps in providing and treating a variety of diseases such as sleep problems, stress disorders, depression, and immune system issues. 

Flavor Ingredients Market Segment Analysis – By Source

Plant Extract held the largest sharer in the Flavor Ingredients Market in 2020 and is estimated to grow at a CAGR 4.0% during the forecast period 2021-2026. Flavor components are derived from a variety of plant extracts. Plant extracts are naturally occurring chemicals extracted from plants. Plant extraction is the process of separating liquid or solid from plants using an extraction method. These plant extracts are used in a variety of industries, including the food, pharmaceutical, and cosmetic industries. Plant Extract are estimated to register the higher CAGR over the period 2021-2026.

Flavor Ingredients Market Segment Analysis – By Geography

Asia-Pacific dominated the Flavor Ingredients Market with a major share of 28.9% in 2020 and is estimated to grow at a higher CAGR during the forecast period 2021-2026. This is attributed to growing demand for natural food ingredient in this region. Furthermore, as a result of the hectic lifestyle in this region, people's desire for processed food items is growing, which is increasing demand of the market in this region.

Flavor Ingredients Market Drivers

Increasing Demand for Natural Ingredients

Increasing demand of natural ingredients in food products is increasing the growth of the Flavor Ingredients Market. A considerable number of customers have developed an interest in acquiring clean label items, which provide a wide range of naturally produced components, hence increasing the demand for natural food ingredients. Increasing shifting of consumers towards products with natural flavor. Thus, increasing the growth of the Flavor Ingredients Market during the forecast period 2021-2026.

Increasing Application of Flavor Ingredients 

Increasing application of flavor ingredients in various application including food and beverage, bakery & Confectionery, nutraceutical and many others is increasing the growth of the Flavor Ingredients Market. Flavor Ingredients is majorly used in food and beverage products to enhance taste, thus increases demand for food products which leads to rise in demand for processed food products.

Flavor Ingredients Market Challenges

Strict Regulation Policies

Strict regulation policies of government that norms delay the new product launch by manufacturers further limiting the Flavor Ingredients market. Furthermore, fluctuation in raw material prices which are among the challenges for the Flavor Ingredients also set to hinder the growth of the market.

Flavor Ingredients Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Flavor Ingredients Market. In 2020, the Flavor Ingredients Market share is consolidated by the top ten players present in the market. The Flavor Ingredients Market, top 10 companies are Givaudan, MANE SA, Firmenich, International Flavors & Fragrances, Inc. (IFF), Symrise, Huabao International Holdings Limited, Takasago, Sensient Flavors, Robertet SA, and T.Hasegawa. 

Relevant Titles:

Report Code: FBR 0095

Report Code: FBR 0081

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1. Flavor Ingredients Market - Overview
    1.1 Definitions and Scope
2. Flavor Ingredients Market - Executive Summary
    2.1 Market Revenue and Key Trends 
    2.2 Key trends by Ingredient
    2.3 Key trends by Source
    2.4 Key trends by Form
    2.5 Key trends by Application
    2.6 Key trends by End User
    2.7 Key trends by Geography
3. Flavor Ingredients Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – 
    3.5 Pricing Analysis
4. Flavor Ingredients Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Flavor Ingredients Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Flavor Ingredients Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Flavor Ingredients Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Flavor Ingredients Market - By Ingredient (Market Size –$Million/$Billion)
    8.1 Essential Oil 
    8.2 Oleoresins 
    8.3 Aroma Chemicals
    8.4 Others
9. Flavor Ingredients Market - By Source (Market Size –$Million/$Billion)
    9.1 Vegetable
    9.2 Plant Extract
    9.3 Marine Extract
    9.4 Dairy
    9.5 Others
10. Flavor Ingredients Market - By Form(Market Size –$Million/$Billion)
    10.1 Liquid
    10.2 Powder
    10.3 Paste
11. Flavor Ingredients Market - By Application(Market Size –$Million/$Billion)
    11.1 Beverage
    11.2 Bakery & Confectionery
    11.3 Savory Foods
    11.4 Tobacco
    11.5 Pet Food
    11.6 Oral Care
    11.7 Nutraceuticals
    11.8 Others
12. Flavor Ingredients Market - By End User(Market Size –$Million/$Billion)
    12.1 Pharmaceuticals
    12.2 Cosmeceuticals
    12.3 Food & Beverages
    12.4 Others
13. Flavor Ingredients Market - By Geography(Market Size –$Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Mexico
        13.1.3 Canada
    13.2 Europe
        13.2.1 U.K.
        13.2.2 France
        13.2.3 Germany
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Rest of Europe
    13.3 Asia Pacific
        13.3.1 China
        13.3.2 India
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 Australia & New Zealand
        13.3.6 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Others
    13.5 Rest of the World
        13.5.1 Middle East
        13.5.2 Africa
14. Flavor Ingredients Market - Entropy
15. Flavor Ingredients Market – Industry/Segment Competition Landscape Premium 
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region – Key companies
        15.1.3 Market Share by Countries – Key Companies
        15.1.4 Competition Matrix
        15.1.5 Best Practices for Companies
16. Flavor Ingredients Market – Key Company List by Country Premium Premium
17. Flavor Ingredients Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
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