Food flavors are the ingredients that are used to improve the smell, taste, and appearance of the food. The food flavors are blended with other food ingredients and are not to be consumed alone. They are a very tiny part of food making process yet very impactful, overall. It is widely available in artificial and natural forms.
There are several factors affecting the rising demand in the global food flavors market, changing lifestyle being the major one. This aspect is making customers more inclined towards increased demand and consumption of processed and packed food & beverages all over the world. This is likely to stir the growth of the market for food flavors. Moreover, surging demand for ready-to-eat foods, on-the-go foods, and canned foods are also projected to contribute to the surging demand in the future. In addition, rising concerns among the consumers about the ill effects of prolonged consumption of artificial ingredients are estimated to spike the market for natural food flavors rather than artificial ones.
In addition, the players are also concentrating on increased demand regarding exotic food flavors by coming up with new flavors all over the world, based on popularity. Moreover, rising investment to spike the research & development activities is also anticipated to contribute to the growing demand in the market. The consumer’s inclination towards organic products is also encouraging the manufacturers to launch natural products and get a better reach among the customers. The global food flavors market is all set to experience high growth owing to advancement in technology.
The global food flavors market is widely divided into the origin, type, application, and region. In terms of type, the global market is segmented into spices, dairy, fruit & nut, vanilla, chocolates & brownies. In terms of application, the market is sectioned into dairy, beverages, confectionery, meat, bakery, savory & snacks, and others. On the basis of origin, the global market is categorized into artificial, nature-identical, and natural.
Based on geography, the global food flavors market is likely to be dominated by the Asia Pacific within the forecast period registering the highest market share. This is credited to the increased dairy products such as ice cream, cheese, yogurt, etc. in the aforementioned region. In addition, the rise in the export of meat and meat products across the regions is also driving regional growth. The region is further followed by North America depicting a significant development in the upcoming years owing to the changing lifestyle of the people in the region.
The key players dominating the global food flavors market are T.HASEGAWA CO., LTD., Takasago International Corporation, Sensient Colors LLC, Symrise, ROBERTET SA, International Flavors & Fragrances Inc., Mane, Givaudan, Firmenich SA, Frutarom, and so on.
To cite, a while ago, Firmenich a leading market firm came up with a new range of natural food flavors, Protein Shield Flavors, to help manufacturers to overcome the challenges while developing beverage products with rich protein content.