Food Flavors (Chocolate & Browns, Vanilla, Fruits & Nuts, Dairy, Spices) Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The “Food Flavors Market by Type (Chocolate & Browns, Vanilla, Fruits & Nuts, Dairy, Spices), Application (Beverages, Dairy, Confectionery, Bakery, Meat, Savory & Snacks), Origin (Natural and Artificial), Form, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The food flavors market is estimated at USD 13.56 billion in 2018 and is projected to reach USD 17.10 billion by 2023, at a CAGR of 4.8% from 2018 to 2023.
The market is primarily driven by trends such as growth in consumer awareness regarding food safety and diseases caused by consuming harmful synthetic flavors. Other growth factors include the increasing demand for processed foods and beverages.
Factors such as the high cost and availability of raw materials for natural flavors are affecting the growth of the market. These issues have been restraining the growth of the food flavors market to some extent.
On the basis of type, the fruits & nuts segment is projected to grow at the highest CAGR. The food processing industry is growing in developed as well as emerging economies. The industry is contributing significantly to the GDP of emerging countries, owing to which the governments of these countries are also launching favorable policies for market growth. This factor is, in turn, driving the market for food flavors across the world.
Based on application, the beverages segment is projected to be the fastest-growing during the forecast period. Beverages such as energy drinks are in demand due to their health benefits. Consumption of beverages is increasing in developing economies due to the increase in disposable income in these countries.
Based on form, the liquid segment is projected to be the faster-growing during the forecast period. Liquid flavors are in demand because these flavors easily mix together and give better results. The beverages segment is the leading application for liquid flavors.
Based on origin, the natural segment is projected to be the faster-growing during the forecast period. Natural flavors are in demand due to their health benefits while also imparting flavor.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Food Flavors Market, By Type
7 Food Flavors Market, By Application
8 Food Flavors Market, By Origin
9 Food Flavors Market, By Form
10 Food Flavors Market, By Region
11 Competitive Landscape
12 Company ProfilesGivaudan International Flavors & Fragrances (IFF) Firmenich Symrise Frutarom Sensient Mane Takasago T. Hasegawa Robertet
For more information about this report visit https://www.researchandmarkets.com/research/w2dpjf/food_flavors?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005483/en/
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Related Topics:Food Additives
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/22/2018 11:25 AM/DISC: 08/22/2018 11:25 AM