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Global Food Flavours Market Growth, Analysis, Forecast: By Type: Natural Flavours, Artificial Flavours; By End User: Beverages, Dairy and Frozen Products, Bakery and Confectionery, Savoury and Snacks, Animal and Pet Food; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Food Flavours Market Outlook
The global food flavours market attained a value of about USD 14.51 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.6% to reach about USD 21.69 billion by 2032.
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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. 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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Food Flavours Market Analysis
8.1 Key Industry Highlights
8.2 Global Food Flavours Historical Market (2018-2023)
8.3 Global Food Flavours Market Forecast (2024-2032)
8.4 Global Food Flavours Market by Type
8.4.1 Natural Flavours
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Artificial Flavours
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Food Flavours Market by End User
8.5.1 Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Dairy and Frozen products
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Bakery and Confectionery
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Savoury and Snacks
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Animal and Pet Food
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Food Flavours Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Food Flavours Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Food Flavours Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Food Flavours Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Food Flavours Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Food Flavours Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Firmenich SA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Frutarom
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Givaudan Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Sensient Technologies Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kerry Group, PLC.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Robertet SA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Food Flavours Market: Key Industry Highlights, 2018 and 2032
2. Global Food Flavours Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Food Flavours Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Food Flavours Historical Market: Breakup by End User (USD Billion), 2018-2023
5. Global Food Flavours Market Forecast: Breakup by End User (USD Billion), 2024-2032
6. Global Food Flavours Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Food Flavours Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Food Flavours Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Food Flavours Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Food Flavours Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Food Flavours Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Food Flavours Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Food Flavours Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Food Flavours Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Food Flavours Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Food Flavours Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Food Flavours Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Food Flavours Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 14.51 billion.
The market is projected to grow at a CAGR of 4.6% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 21.69 billion by 2032.
The increasing disposable income and the willingness of consumers to spend more on food products with natural and innovative flavours are the major market drivers.
The growing demand for clean flavours in foods, rising research and development (R&D) activities by leading companies to meet evolving consumer demand, and the surging addition of flavours in sports and energy drinks are the key trends guiding the market growth.
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 market.
The various end users of food flavours are beverages, dairy and frozen products, bakery and confectionary, savoury and snacks, and animal and pet food.
The major players in the market 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 14.51 billion in 2023, 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 4.6% in the forecast period of 2024-2032 to reach USD 21.69 billion by 2032.
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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