Meticulous Research® – leading global market research company published a research report titled “Food Flavors Market by Origin(Natural, Nature Identical, and Artificial), Type(Vanilla and Dairy), Form(Liquid, and Dry), and Application(Beverages, Dairy Products, Confectionery Products, and Meat Products) - Global Forecasts to 2027”. In terms of value, the food flavors market is expected to grow at a CAGR of 4.5% from 2020 to reach $20.27 billion by 2027.

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Based on origin, the food flavors market is mainly segmented into natural, nature identical, and artificial. The artificial flavors segment is estimated to command the largest share of the overall food flavors market in 2020. This segment's large share is mainly attributed to higher use of artificial flavors with the availability of a wide range of flavors in this category, high demand for new kinds of tastes, and their cost-effectiveness compared to natural flavors. In addition, the huge demand for artificial flavors in rising demand & consumption of packaged food products, fast foods, and ready-to-eat (RTE) products further supports the growth in this category.

Based on form, the food flavors market is segmented into liquid and dry. The liquid form segment is estimated to command the major share of the overall food flavors market in 2020. The large share of this segment is mainly attributed to its benefits such as it increases the shelf life of food products, ensures homogeneous blends with virtually no segregation, and provides high microbiological stability, which is used in the food and beverage, confectionery, bakery, dairy, and all other food industries. Moreover, this segment is also projected to grow at the fastest CAGR during the analysis.

Based on type, the food flavors market is mainly segmented into chocolate and browns, vanilla, fruits and nuts, dairy, spices and herbs, vegetables, and others. The fruits and nuts segment is estimated to account for the largest share of the food flavors market in 2020. The higher adoption of this segment is attributed to the rising preference for fruit and nut flavors in various food categories, including bakery products, beverages, snacks, dairy products, etc. In addition, the rising consumption of nuts, increasing demand for innovative, tasty, adventurous food and beverage products, and increasing expenditure on processed food and beverage products.

Scope of the report
Food Flavors Market, by Origin
• Natural
• Natural Identical
• Artificial
Food Flavors Market, by Form
• Liquid
• Dry
Food Flavors Market, by Type
• Chocolate and Browns
• Vanilla
• Fruits and Nuts
• Dairy
• Spices and Herbs
• Vegetables
• Others
Food Flavors Market, by Application
• Beverages
o Alcoholic Drinks
o Soft Drinks
o Hot Drinks
o Other Drinks
• Dairy Products
o Ice Cream
o Other Dairy Products
• Confectionery Products
• Baked Products
• Meat Products
• Savory and Snacks
• Others
Food Flavors Market, by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe (RoE)
• Asia-Pacific (APAC)
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific (RoAPAC)
• Latin America
• Middle East and Africa

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Key questions answered in the report-
• What is the current value of revenue generated by the food flavors across the globe?
• At what rate the demand for the food flavors market is projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for food flavors across the globe?
• What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing market players and new entrants in the market?
• What impact does the current COVID-19 pandemic have on the food flavors market at various levels in the value chain?
• Which segments in terms of the origin, type, form, and application are creating the major traction for the vendors in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the vendors operating in the food flavors market?
• Who are the major players in the food flavors market? And also, what are their specific product offering in the sports nutrition and additional nutrition industry?
• What recent developments have taken place in the food flavors market, and these strategic developments are creating a global impact in this market?

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The key players operating in the food flavors market are Givaudan SA (Switzerland), International Flavors & Fragrances, Inc. (U.S.), Firmenich SA (Switzerland), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), MANE SA (France), Takasago International Corporation (Japan), T. Hasegawa Co., Ltd. (Japan), Robertet Group (France), Huabao International Holdings Limited (Hong Kong), Kerry Group (Ireland), KONINKLIJKE DSM N.V. (The Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Corbion NV (The Netherlands), and Döhler Group (Germany).

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