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Global Flavour Ingredients Market: By Ingredient Type: Aroma Chemicals, Essential Oils, Plant Extract, Functional Ingredients; By Product Type: Nature-Identical, Artificial, Natural; By Form; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Flavour Ingredients Market Outlook

The global flavour ingredients market is being aided by the growing flavour and fragrance ingredients market, which stood at a value of USD 31.2 billion in 2020. The flavour and fragrance ingredients industry is further expected to grow at a CAGR of 6.0% in the forecast period of 2021-2026.

 

Global Flavour Ingredients Market

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Increased Utilisation of Nature-Identical Flavour Ingredients to Bolster the Growth of the Flavour Ingredients Industry

On the basis of product type, nature-identical flavour ingredients account for a significant share in the industry. This can be attributed to their increasing demand for beverages, dairy and frozen desserts, and bakery and confectionary applications, among others. The increasing population and rising demand for processed foods have catalysed the food and beverage industry growth, which, in turn, is driving the demand for flavour ingredients. Meanwhile, the demand for natural flavours is anticipated to witness a robust growth in the forecast period owing to the rising health awareness among consumers and changing lifestyle.

 

North America to Boost the Growth of the Flavour Ingredients Industry

Region-wise, North America accounts for a significant share in the industry. Within North America, the United States accounts for a major market share owing to the thriving food and beverages industry in the region. The stringent safety regulations issued by the government of the United States are likely to compel manufacturers to use natural ingredients in order to avoid adulteration and prevent the ill effects of artificial ingredients on consumer health. Meanwhile, the Asia Pacific is expected to witness a significant growth in the forecast period, owing to the high population in the region and increasing disposable incomes.

 

Flavour Ingredients: Industry Definition and Segmentation

Flavour ingredients are the natural or artificial components that are added to food products or beverages to give them a specific flavour. It is often added to food products in order to enhance flavours that get lost during food processing. This is an added content, which makes the food more tasteful and is relished by people.

 

Global Flavour Ingredients Market By Application

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Based on ingredient type, the market is divided into:

  • Aroma Chemicals
  • Essential Oils
  • Plant Extract
  • Functional Ingredients

Based on product type, the industry can be segmented into:

  • Nature-Identical
  • Artificial
  • Natural

On the basis of form, the industry can be categorised into:

  • Liquid
  • Dry

On the basis of application, the industry can be segmented into:

  • Beverages
  • Dairy and Frozen Desserts
  • Savouriers and Snacks
  • Bakery and Confectionary Products
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Flavour Ingredients Market By Region

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Increasing Demand in the Food and Beverages Industry and the Growing Preference for Dairy Products to Augment the Growth of the Flavour Ingredients Industry

The thriving food and beverages industry and the increasing demand for flavouring agents in various applications are the major factors contributing to the flavour ingredients industry growth. The rising demand for dairy products, such as flavoured milk and yoghurt, is further propelling the demand for flavour ingredients, which is significantly contributing to the growth of the industry. Furthermore, in the food and beverages sector, there is a constant need to diversify product portfolio and enhance the taste of existing products, which is likely to aid the market growth in the forecast period. This demand is anticipated to be further propelled by the continuous innovation towards the development of new flavours and the growing demand for natural flavour ingredients.

 

Key Industry Players in the Global Flavour Ingredients Market

The report gives a detailed analysis of the following key players in the global flavour ingredients market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Givaudan 
  • Firmenich SA
  • International Flavour Ingredients and Fragrances Inc.
  • Symrise Group
  • Takasago International Corporation 
  • Mane Group
  • Sensient Technologies Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Flavour Ingredients Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Flavour Ingredients Historical Market (2016-2020) 
    8.3    Global Flavour Ingredients Market Forecast (2021-2026)
    8.4    Global Flavour Ingredients Market by Ingredient Type
        8.4.1    Aroma Chemicals
            8.4.1.1    Historical Trend (2016-2020)
            8.4.1.2    Forecast Trend (2021-2026)
            8.4.1.3    By Type - Historical (2016-2020) and Forecast (2021-2026)
                8.4.1.3.1    Natural
                8.4.1.3.2    Synthetic
            8.4.1.4    By Product - Historical (2016-2020) and Forecast (2021-2026)
                8.4.1.4.1    Benzenoids
                8.4.1.4.2    Musk Chemicals
                8.4.1.4.3    Terpenoids
                8.4.1.4.4    Others
            8.4.1.5    By Application (%)
            8.4.1.6    By Region (%)
        8.4.2    Essential Oils
            8.4.2.1    Historical Trend (2016-2020)
            8.4.2.2    Forecast Trend (2021-2026)
            8.4.2.3    By Type - Historical (2016-2020) and Forecast (2021-2026)
                8.4.2.3.1    Clove Oil
                8.4.2.3.2    Orange Oil
                8.4.2.3.3    Mentha Oil
                8.4.2.3.4    Lemon Oil
                8.4.2.3.5    Eucalyptus Oil
                8.4.2.3.6    Lavender Oil
                8.4.2.3.7    Spearmint oil
                8.4.2.3.8    Rosemary Oil
                8.4.2.3.9    Others
            8.4.2.4    By Application (%)
            8.4.2.5    By Region (%)
        8.4.3    Plant Extract
            8.4.3.1    Historical Trend (2016-2020)
            8.4.3.2    Forecast Trend (2021-2026)
            8.4.3.3    By Source - Historical (2016-2020) and Forecast (2021-2026)
                8.4.3.3.1    Vegetables
                8.4.3.3.2    Fruits
                8.4.3.3.3    Herbs and Spices
                8.4.3.3.4    Others
            8.4.3.4    By Application (%)
            8.4.3.5    By Region (%)
        8.4.4    Functional Ingredients
            8.4.4.1    Historical Trend (2016-2020)
            8.4.4.2    Forecast Trend (2021-2026)
            8.4.4.3    By Product - Historical (2016-2020) and Forecast (2021-2026)
                8.4.4.3.1    Pectin
                8.4.4.3.2    Protein
                8.4.4.3.3    Modified Starch
                8.4.4.3.4    Maltodextrin
                8.4.4.3.5    Probiotics
                8.4.4.3.6    Others
            8.4.4.4    By Application (%)
            8.4.4.5    By Region (%)
    8.5    Global Flavour Ingredients Market by Product Type
        8.5.1    Nature-Identical      
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Artificial      
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Natural      
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Flavour Ingredients Market by Form
        8.6.1    Liquid      
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Dry      
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Flavour Ingredients Market by Application
        8.7.1    Beverages 
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Dairy and Frozen Desserts 
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Savouries and Snacks
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Bakery and Confectionary Products 
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Others
    8.8    Global Flavour Ingredients Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Spain
            9.2.3.6    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    South Korea
            9.3.3.5    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    Givaudan 
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Firmenich SA
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    International Flavour Ingredients & Fragrances Inc.    
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    Symrise Group
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Takasago International Corporation    
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    Mane Group
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Certifications
        12.3.7    Sensient Technologies Corporation    
            12.3.7.1    Company Overview
            12.3.7.2    Product Portfolio
            12.3.7.3    Demographic Reach and Achievements
            12.3.7.4    Certifications
        12.3.8    Others
13    Industry Events and Developments

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