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Food Flavors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global food flavors market reached a value of US$ 15.26 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 20.14 Billion by 2027, exhibiting a CAGR of 4.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Food flavors refer to ingredients added in food items to intensify and improve the sensation of odor, taste, aroma and texture. Natural, synthetic and natural identical are some of the common variants of food flavors. They are manufactured using essential oils, synthetic organic chemicals, organic acids, salts, glycerol and propylene glycol. Food flavors are widely used in sauces, dairy products, cereals, beverages, soups, marinades, bakery products, bars, snacks and confectionary items. These flavors are incorporated in food products to offer a unique flavor, such as sour, bitter, sweet, and meaty and preserve the flavor after processing.

 

 
 

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Food Flavors Market Trends:

The increasing demand for ready-to-eat (RTE) food products across the globe is one of the key factors creating a positive outlook for the market. Food flavors are widely used in packaged food products to maintain the taste and survive under acidic conditions. Additionally, the widespread product utilization in the bakery and confectionery items, such as cookies, breads, cakes, pies, rolls and pretzels, is also favoring the market growth. Apart from this, various product innovations, such as the introduction of novel, combinational flavors, such as fruits, chocolate. and nuts, to give a natural aroma to edible products, are providing an impetus to the market growth. In line with this, the increasing demand for natural ingredients and plant-based food flavors due to the rising health awareness as it assists in reducing the harmful effects of chemical additives on the body is positively impacting the market growth. Other factors, including increasing demand for commercialized and clean-label food products with natural flavors, extensive research and development (R&D) activities and the rising expenditure capacities among consumers, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global food flavors market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, form and end user.

Breakup by Type:

 

 
 

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  • Natural
  • Artificial
     

Breakup by Form:

  • Dry
  • Liquid
     

Breakup by End User:

  • Beverages
  • Dairy and Frozen Products
  • Bakery and Confectionery
  • Savory and Snacks
  • Animal and Pet Food
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, BASF SE, Corbion N.V., Firmenich SA, Givaudan, International Flavors & Fragrances Inc., Kerry Group plc, Koninklijke DSM N.V., Robertet Group, Sensient Technologies Corporation, Symrise AG and Takasago International Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Form, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Archer-Daniels-Midland Company, BASF SE, Corbion N.V., Firmenich SA, Givaudan, International Flavors & Fragrances Inc., Kerry Group plc, Koninklijke DSM N.V., Robertet Group, Sensient Technologies Corporation, Symrise AG and Takasago International Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Food Flavors Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Natural
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Artificial
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Form
    7.1    Dry
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Liquid
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End User
    8.1    Beverages
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Dairy and Frozen Products
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Bakery and Confectionery
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Savory and Snacks
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Animal and Pet Food
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Archer-Daniels-Midland Company
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    BASF SE
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Corbion N.V.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Firmenich SA
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 SWOT Analysis
        14.3.5    Givaudan
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    International Flavors & Fragrances Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Kerry Group plc
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Koninklijke DSM N.V.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Robertet Group
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Sensient Technologies Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Symrise AG
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Takasago International Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Food Flavors Market: Major Drivers and Challenges
Figure 2: Global: Food Flavors Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Food Flavors Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Food Flavors Market: Breakup by Type (in %), 2021
Figure 5: Global: Food Flavors Market: Breakup by Form (in %), 2021
Figure 6: Global: Food Flavors Market: Breakup by End User (in %), 2021
Figure 7: Global: Food Flavors Market: Breakup by Region (in %), 2021
Figure 8: Global: Food Flavors (Natural) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Food Flavors (Natural) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Food Flavors (Artificial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Food Flavors (Artificial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Food Flavors (Dry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Food Flavors (Dry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Food Flavors (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Food Flavors (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Food Flavors (Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Food Flavors (Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Food Flavors (Dairy and Frozen Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Food Flavors (Dairy and Frozen Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Food Flavors (Bakery and Confectionery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Food Flavors (Bakery and Confectionery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Food Flavors (Savory and Snacks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Food Flavors (Savory and Snacks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Food Flavors (Animal and Pet Food) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Food Flavors (Animal and Pet Food) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Food Flavors Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Food Flavors Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Food Flavors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Food Flavors Industry: SWOT Analysis
Figure 76: Global: Food Flavors Industry: Value Chain Analysis
Figure 77: Global: Food Flavors Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Food Flavors Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Food Flavors Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Food Flavors Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 4: Global: Food Flavors Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Food Flavors Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Food Flavors Market: Competitive Structure
Table 7: Global: Food Flavors Market: Key Players


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Key Questions Answered in This Report

The global food flavors market was valued at US$ 15.26 Billion in 2021.

The global food flavors market was valued at US$ 15.26 Billion in 2021.

We expect the global food flavors market to exhibit a CAGR of 4.50% during 2022-2027.

The growing demand for natural and plant-based food flavors over chemical additives among the health-conscious consumers is primarily driving the global food flavors market.

The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer preferences from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of food flavors.

Based on the type, the global food flavors market has been segmented into natural and artificial. Currently, artificial food flavors represent the largest market share.

Based on the end user, the global food flavors market can be bifurcated into beverages, dairy and frozen products, bakery and confectionery, savory and snacks, and animal and pet food. Among these, beverages account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global food flavors market include Archer-Daniels-Midland Company, BASF SE, Corbion N.V., Firmenich SA, Givaudan, International Flavors & Fragrances Inc., Kerry Group plc, Koninklijke DSM N.V., Robertet Group, Sensient Technologies Corporation, Symrise AG, and Takasago International Corporation.

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