The basic objective of the report is to define, segment, and project the global market size for food flavors on the basis of application, type, form, origin, and region. Other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and microeconomic indicators of this market to provide factor analysis, and to project the growth rate of the food flavors market.

This report includes estimations of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global food flavors market and to estimate the size of various other dependent submarkets. The key players in the market have been identified through secondary research (from sources such as press releases and paid databases such as Factiva and Bloomberg), annual reports, and financial journals; their market shares in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.

The fruits & nuts segment is estimated to account for the largest share of the food flavors market, by type, in 2018.
On the basis of type, the fruits & nuts segment is estimated to account for the largest share of the food flavors market in 2018. Fruit & nut flavors are common in beverages, bakery products, dessert items, puddings, and energy bars. Fruits & nuts have numerous health benefits. Various energy drinks and non-carbonated drinks also have fruits & nuts flavors added to it.

The beverages segment, by application, is estimated to account for the larger share in 2018.
On the basis of application, the beverages segment accounted for the larger share of the market in 2018. Increasing demand for carbonated and non-carbonated energy drinks are key drivers of the segment.

On the basis of form, the liquid segment is projected to be the faster-growing during the forecast period.
Based on form, the liquid segment is projected to be the faster-growing. Liquid flavors are generally available in water-soluble and oil-soluble forms. Food flavors in the liquid form are used for food items such as beverages, dairy products, protein drinks, and pharmaceuticals. They are easy to mix and provide flavor consistency.

On the basis of origin, the natural segment is projected to be the faster-growing during the forecast period.
Based on origin, the natural segment is projected to be the faster-growing. Liquid flavors are generally available in water-soluble and oil-soluble forms. Consumer preference toward clean label and organic products drives the natural food flavors market.

Asia Pacific is estimated to dominate the food flavors market in 2018.
Asia Pacific is estimated to be the largest market for food flavors in 2018. This is due to the rising consumption of beverages, confectionery, dairy, and bakery products increasing in this region. China is witnessing economic development and rise in disposable income, due to which there is an increase in consumption of processed food items. This leads to the growth of the food flavors industry.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Givaudan (Switzerland), International Flavors & Fragrances (US), Firmenich (Switzerland), Symrise (Germany), Frutarom (Israel), Sensient (US), MANE (France), Takasago (Japan), T.Hasegawa (Japan), and Robertet (France).

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