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Global Food Flavours Market: By Type: Natural Flavours, Artificial Flavours; By End User: Beverages, Dairy and Frozen products, Bakery and Confectionery, Savory and Snacks, Animal and Pet Food, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Food Flavours Market Outlook

The global food flavours market attained a value of about USD 12.7 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 4.56%, to reach about USD 16.6 billion by 2026.

 

Rising Demand for Natural Ingredients to Augment the Market Growth of Food Flavours

The global market for food flavours is being driven by the increasing consumption of packed and processed foods owing to the increasingly fast-paced lifestyle of the consumers. The growing awareness regarding healthy food consumption is further aiding the market due to the rising demand for natural food ingredients and flavours. The industry is also driven by the rise in disposable incomes, leading to increased customer spending on organic products.

 

Global Food Flavours Market

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With the outbreak of the COVID-19 pandemic in 2020, consumers are increasingly beginning to shift towards plant-based and natural products, which further propelling the demand for natural flavours. The rising adoption of flavours with specific functional benefits like ginseng and green tea to increase focus, enhance immunity, and reduce mental stress is further invigorating market growth.

 

Growing R&D to Propel Innovations in the Food Flavours Industry

Creativity and innovations are the important aspects for the rise of the food flavours industry. The rising research and development (R&D) activities to adopt current trends and adapt to the changing demand of the consumers is aiding the market for food flavours. Further, additions are being made in food flavours, not just to strengthen flavour of the food products but to also enhance their aroma or to get rid of unpleasant odour from foods like eggs. Essential oils like lavender and lemon are also being added to make the food more appealing in terms of aroma. This, in turn, is positively impacting the market growth for food flavours. The growing addition of flavours in sports and energy drinks is anticipated to further supplement the market growth of food flavours with innovations like the inclusion of pomegranate juice, green tea, and other flavours in these beverages.

 

Food Flavours:  Industry Definition and Segmentation

Food flavours are ingredients added to food to enhance flavour and aroma. Modern flavourings provide the consumer with a wide sensory experience and maintain flavour and taste consistency through either natural or artificial flavours. Flavours are most commonly found in bakery products, beverages, snacks, confectioneries, and health products.

On the basis of type, the market is bifurcated into:

  • Natural Flavours
  • Artificial Flavours

Based on end user, the market is segmented into:

  • Beverages
  • Dairy and Frozen products
  • Bakery and Confectionery
  • Savoury and Snacks
  • Animal and Pet Food

The EMR report looks into the regional markets of food flavours like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.

 

Rising Demand for Flavours in Animal and Pet Foods to Bolster the Market Growth

A number of flavouring companies have turned their focus on the pet food industry owing to the growing adoption of pets, which is presenting lucrative growth opportunities for the expansion of the market for food flavours. Like human food products, the growth in the demand for natural and organic flavours in pet foods is providing further impetus to the market growth, especially as incomes rise and spending power increases. Innovations in pet foods are also anticipated to provide healthy growth opportunities for the food flavours industry. The growing experimentation with flavours of ingredients that dogs are usually allergic to like chocolate, nutty, and buttery flavours in pet foods like chewy snacks and biscuits, is further projected to aid the market growth. Moreover, the rising introduction of doggy ice creams that may include fruit flavours, which are healthy and safe, is further expected to support the market growth of the food flavours in the animal and pet food industry. In addition to taste, pet owners are also increasingly seeking food items that are high in nutrients and favour a balanced diet, which is also likely to propel innovations in the food flavours industry and, thus, is projected to aid the market growth over the forecast period.

 

Key Industry Players in the Global Food Flavours Market

The report presents a detailed analysis of the following key players in the global food flavours market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • Firmenich SA
  • Frutarom
  • Givaudan Group
  • Sensient Technologies Corporation
  • Kerry Group, PLC
  • Robertet SA 
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End User, Region
Breakup by Type Natural Flavours, Artificial Flavours
Breakup by End User Beverages, Dairy and Frozen products, Bakery and Confectionery, Savory and Snacks, Animal and Pet Food
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Firmenich SA, Frutarom, Givaudan Group, Sensient Technologies Corporation, Kerry Group, PLC., Robertet SA, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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 Food Flavours Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Food Flavours Historical Market (2016-2020) 
    8.3    Global Food Flavours Market Forecast (2021-2026)
    8.4    Global Food Flavours Market by Type
        8.4.1    Natural Flavours
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Artificial Flavours
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Food Flavours Market by End User
        8.5.1    Beverages
            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    Dairy and Frozen products
            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    Bakery and Confectionery 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Savory and Snacks
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Animal and Pet Food  
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
    8.6    Global Food Flavours Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    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    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    ASEAN
            9.3.3.5    Australia
            9.3.3.6    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    Mexico
            9.4.3.4    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    Buyer’s 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    Company Profiles
        12.2.1    Firmenich SA 
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Frutarom
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Givaudan Group
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Sensient Technologies Corporation 
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Kerry Group, PLC. 
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Robertet SA
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Food Flavours Market: Key Industry Highlights, 2016 and 2026
2.    Global Food Flavours Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Food Flavours Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Food Flavours Historical Market: Breakup by End User (USD Billion), 2016-2020
5.    Global Food Flavours Market Forecast: Breakup by End User (USD Billion), 2021-2026
6.    Global Food Flavours Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Food Flavours Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Food Flavours Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Food Flavours Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Food Flavours Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Food Flavours Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Food Flavours Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Food Flavours Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Food Flavours Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Food Flavours Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Food Flavours Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Food Flavours Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Food Flavours Market Structure

Key Questions Answered in the Report

The global food flavours market attained a value of nearly USD 12.7 billion in 2020.

The market is projected to grow at a CAGR of 4.56% in the forecast period of 2021-2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 16.6 billion by 2026.

The market for food flavours is being driven by factors, such as increased disposable income and the willingness of consumers to spend more on food products with natural and healthy flavours.

The rising innovations with pet and animal food products, owing to increased adoption of pets, are anticipated to augment the market growth for food flavours.

The major regional markets for food flavours are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Natural flavours and artificial flavours are the major types of food flavours in the industry.

The leading end users of food flavours in the market are beverages, dairy and frozen products, bakery and confectionary, savoury and snacks, and animal and pet food. 

The major players in the industry are Firemenich SA, Frutarom, Givaudan Group, Sensient Technologies Corporation, Kerry Group PLC, and Robertet SA, among others.

Analyst Review

The global food flavours market attained a value of about USD 12.7 billion, driven by the rising demand for organic ingredients. Aided by innovations in pet and animal food products, the market is expected to grow at a CAGR of 4.56% in the forecast period of 2021-2026 to reach USD 16.6 billion by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. Based on type, the industry is divided into natural flavours and artificial flavours. On the basis of end user, the market is segmented into beverages, dairy and frozen products, bakery and confectionary, savoury and snacks, and animal and pet food. The major regional markets for food flavours are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Firemenich SA, Frutarom, Givaudan Group, Sensient Technologies Corporation, Kerry Group, PLC, and Robertet SA, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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