Flavors Market is expected to grow with a CAGR of 5.9% from 2023 to 2030.
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This report describes the global market size of Global Flavors Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 5.9% from 2023 to 2030.
Flavors refer to the sensory perceptions experienced when consuming food or beverages, resulting from the combination of taste and aroma. They are essential components of the overall eating and drinking experience, contributing to the enjoyment and palatability of various products. Flavors are perceived through the collaboration of taste buds on the tongue, which detect basic tastes (sweet, salty, sour, bitter, umami), and olfactory receptors in the nose, which sense aromatic compounds.
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Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Global Flavors Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 5.6% during the forecast period 2023-2030. North American market for Global Flavors Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Global Flavors Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Flavors Nature
Natural
Synthetic
The synthetic tastes category led the market in 2022, accounting for 66.9% of total revenue. Chemical synthesis is used in a laboratory to develop synthetic taste compounds. These chemicals are meticulously designed by scientists and flavorists to mimic the taste and aroma of natural components. Synthetic flavor compounds are designed to replicate specific flavor qualities found in natural products. They are used to simulate flavors like fruit, spices, and vanilla.
Technological advances, such as the use of artificial intelligence (AI) and machine learning, are assisting in the creation of increasingly distinct and exact synthetic flavor profiles. In October 2020, for example, Firmenich, a leading taste and fragrance manufacturer, released an AI-generated flavor. This flavor, which is meant to taste like lightly grilled beef, is intended for use in plant-based meat substitutes. AI enables taste manufacturers by offering exact formula starting points and optimizing ingredient combinations, allowing them to match specified product specifications such as 100% natural ingredients. Changing consumer preferences and the need to reproduce flavors in vegan food products have resulted in this technological advancement, which has contributed to the expansion of the synthetic flavors industry.
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By Flavors Form
Powder
Liquid/Gel
The powder category led the market in 2022, accounting for 65.9% of total sales. The variety and capacity to improve the flavor of diverse food and beverage products drives the usage of powdered flavors in the food sector. Powdered flavors are dry, easy to store, handy, have good heat stability, and a longer shelf life than fresh ingredients, making them ideal for baking and beverages. Powdered flavors can be blended with additional substances such as salt, sugar, and spices to create a flavor explosion.
During the projection period, the liquid/gel sector is expected to grow at a rapid pace. Flavors in liquid/gel form are concentrated versions utilized in food, beverage, and nutrition goods. Concentrated tastes are especially useful since they provide a strong flavor impression in little amounts. The concentrated form allows for easy flavor amplification in food products. Liquid flavors are more likely to be used by manufacturers in applications that demand a higher level of flavor consumption to achieve desired taste profiles.Furthermore, the clean-label trend has fueled a preference for liquid flavors, which often include fewer ingredients than powdered flavors and fit with consumer need for transparent and healthful ingredient lists.
By Flavors Application
Food
Dairy Products
Bakery & Confectionery
Supplements & Nutrition Products
Meat & Seafood Products
Snacks
Pet Foods
Sauces, Dressings & Condiments
Others
Beverage
领英推荐
Juices & Juice Concentrates
Functional Beverages
Alcoholic Beverages
Carbonated Soft Drinks
Others
The tastes in the food category led the market in 2022, accounting for 64.8% of total sales. Fruit and botanical flavors are becoming increasingly popular in the food business. Grapefruit, tangerine, yuzu, mango, passion fruit, and guava are among the popular flavors, each with its own set of chemical properties that can serve a variety of roles, from concealing protein off-notes in sports nutrition products to disguising bitterness. Furthermore, according to Tastewise's 2023 top flavor & ingredient trends report, consumers are increasingly drawn to premium taste experiences and health benefits offered by florals and botanicals, with flavors such as ylang-ylang, vetiver, cherry blossom, hibiscus, and elderflower gaining popularity. The beautiful hues associated with these delicacies also help to attract customers.
During the projected period, the flavor beverage market is expected to develop at the quickest CAGR of 5.9%. Consumers' growing interest in mood-boosting and wellness-oriented products has increased demand for tastes in functional beverages. Flavor becomes an important component of functional beverages as customers seek strategies to manage stress, balance their moods, and improve their overall mental and emotional well-being. Flavors are chosen to correspond with various mood-related claims, such as happiness, relaxation, indulgence, and energy. For example, flavors such as turmeric, ginger, and lemongrass are associated with happiness claims, but floral, herbal, and citrus scents such as chamomile, lavender, and hibiscus are popular in calming or relaxing goods.
By Company
Kerry y Group plc
MANE
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