(Food-Beverage-News.Com, October 18, 2016 ) The report “Food Flavors Market by Type (Chocolate, Vanilla, Fruits & Nuts, Others), Origin (Natural, Synthetic), Application (Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others) & Region - Global Forecast to 2020”, defines and segments the food flavors market, with analysis and projection of the market size in terms of value and volume. It also identifies the driving and restraining factors of the food flavors market, in addition to analysis of trends and opportunities.
Browse 178 tables and 57 figures spread through 211 Pages and in-depth TOC on "Food Flavors Market - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
The global food flavors market is projected to reach USD 15.1 Billion by 2020, at a CAGR of ~5.4% from 2015 to 2020.
Flavor usage plays a fundamental role in the packaged food applications across all regions. Flavor application is region specific, as flavor attributes may change from region to region, whereas the spirit of embracing new tastes remains the same. The flavor market is estimated to demonstrate continued growth in Asian and Latin American countries. The flavors industry is positively affected by the projected growth within premium lines of sauces & seasonings, which appeal to consumers who cook exorbitant meals at home, but are still on the lookout for a fine dining experience and restaurant-quality meals. These products often rely on the aspirational values of consumers. For example, premium vinegars and dressings are frequently marketed by describing the process or vintage to denote the quality of the product.
The North American market for food flavors witnessed a considerable growth, owing to the increase in packaged food consumption in developed economies. Increased consumption of fitness and wellness flavor solutions becomes another significant factor propelling the growth of the North American food flavors market. North America contributed the largest value to the global food flavors market in 2014.
Across the globe, the flavor industry is functioning in an environment, where high competition and innovation persists. However, it is one of the most established industries in the world. The market of flavors is region centric, as the demand for flavors differs from place to place. For instance, roasted meat flavor is in high demand in most parts of Europe, but the Chinese population is fond of boiled meat flavor, whereas India has hardly any market for the aforesaid flavors. Therefore, population plays a vital role in the flavor industry, which makes flavor companies trigger upon the densely populated geographical regions, such as Asia-Pacific, Latin America, Africa, and the Middle East.
This report has divided the food flavors market into four geographical segments, namely, North America, Europe, Asia Pacific, and RoW. Asia-Pacific countries, especially India, Indonesia, and China, are growing markets for food flavor manufacturing companies. Key food flavor players are investing in R&D to introduce innovative products and address the growing consumer demand for flavors.
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
