Food Flavors Market: natural vanilla flavor is one of the highly used food flavor across the globe.
Food Flavors are usually used to improve the taste of food products. Perishable foods after processing and preserving tend to lose their flavor over a period of time and this creates a need to use flavoring substances that help to maintain the flavor of foodstuffs. The Food Flavors Market has high scope in various regions due to the increasing consumption of processed foods during 2015-2020.
Scope and Regional Forecast of the Food Flavors Market:
According to the IndustryARC research analysis studies on the Food Flavors Market, is projected to grow at a CAGR of 5.6% through 2020. North America and Europe has high demand for the natural flavor ingredient as well as artificial flavor and flavor enhancer in food companies.
The growing consumption of canned and processed foods, bakery and confectionery items, savory and snacks and beverages in the developed and emerging markets has created a strong demand for food flavors. The emerging Asian and Latin American markets exhibit great potential for the growth of the Food Flavors Market during 2015-2020.
The demand for the natural flavoring ingredient is expected to be higher than the artificial flavor agents in the Food Flavors Market due to the health concerns. Natural vanilla flavor and chocolate flavors are the high demand flavors in this market through 2020.
Segmentation and Key Players of the Food Flavors Market:
The Food Flavors Market is segmented into various categories in the IndustryARC marketing research report by type, by application and by geography.
- By type: Flavor additives (Natural Flavors (Extracted flavors, Distilled flavors, biotechnologically produced flavors and other Natural Flavors), Synthetic Flavors (Nature Identical Flavors (Aroma Flavors, others), Artificial Flavors (Fruit Flavors, Citrus Flavors and others) and others), Flavor Enhancers (Natural Flavor Enhancers, Synthetic Flavor Enhancers (Amino acid salts, Nucleotide salts and others) and others
- By application: beverages, bakery and confectionery, dairy and frozen product, snacks and savory, animal and pet food and others
- By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Food Flavors Market according to the IndustryARC research report are as follows:
- Givaudan SA (Switzerland)
- International Flavors and Fragrances Inc. (U.S.)
- Symrise AG (Germany)
- Ajinomoto Co., Inc. (Japan)
- Huabao International Holdings Limited (China)
The Food Flavors Market is a rapidly growing market with high demand for the natural flavor agents and artificial flavoring substance in food and beverages industries across the globe. This market is expected to witness high growth due to the rise in ready to eat meals and processed food companies around the world during 2015-2020.
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