(Food-Beverage-News.Com, August 14, 2018 ) According to Publisher, the Global Food Flavors Market is accounted for $12,482 million in 2017 and expected to grow at a CAGR of 6.1% to reach $21,298 million by 2026. The increasing Consumer Preference towards convenience foods, increasing demand of health & wellness foods and technologically innovated flavors to cater to the change in customer taste requirements. However, the health concerns linked with added flavors and less Stability & availability of natural flavors will hamper the market growth.
By origin, natural flavors are the substances that are extracted from plant or animal raw materials, by physical, microbiological or enzymatic processes. These natural flavors can be made used in their natural form or the processed form for utilization by human beings. Though, they could not contain any artificial or nature identical flavorings. A single natural flavor can contain components of around 50-100, with respect to the environmental functioning.
Based on component, flavoring colors or the color additive is any dye, pigment or materials that transmit color when it is added to food or drink. They are available in many forms consisting of powders, liquids, pastes and gels. Food coloring is used both in commercial food production and in domestic cooking. Food colorants are also utilized in a variety of non-food applications such as cosmetics, pharmaceuticals, home craft projects, and medical devices.
By geography, Asia Pacific is expected to grow predominantly during the forecast period. Escalating middle income population group with more disposable income, continuous urbanization in emerging nations are likely to trigger the sales of food flavors in Asia Pacific region.
Some of the key players in the Food Flavors Market include Wild Flavors GmbH V., Mane Fils SA., Takasago International Corporation, Symrise AG, Sensient Technologies Corporation, Royal DSM N.V., Archer Daniels Midland Company, Firmenich SA, Frutarom Industries Ltd., Givaudan SA, International Flavors & Fragrances Inc and Kerry Group PLC.
Applications Covered: -Dairy and Frozen Products -Beverages -Savory and Snacks -Animal and Pet Food -Bakery and Confectionery -Other Applications
Regions Covered: -North America o US o Canada o Mexico -Europe o Germany o UK o Italy o France o Spain o Rest of Europe -Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific -South America o Argentina o Brazil o Chile o Rest of South America -Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa o Rest of Middle East & Africa
What our report offers: -Market share assessments for the regional and country level segments -Market share analysis of the top industry players -Strategic recommendations for the new entrants -Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets -Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) -Strategic recommendations in key business segments based on the market estimations -Competitive landscaping mapping the key common trends
