Global Flavoring Agents Market

Global Flavoring Agents Market size was valued at US$ xx Bn in 2019 and the total revenue is expected to grow at 5.8 % through 2021 to 2027, reaching nearly US$ 6.1 Bn.

Global Flavoring Agents Market Overview:

The global flavoring agents market is valued at 4.1 Billion by 2020. The global flavoring agents market is expected to reach US$ 6.1 Billion by 2027 at the CAGR (compound annual growth rate) of 5.8 % in the given forecast period, which is of 2021-2027. With the rising consumption of processed and ready-to-eat food in both developed and emerging nations, the global flavouring agents market is likely to see considerable growth over the forecast period. Flavoring agents are used to improving the quality of food, particularly in products that have lost their natural flavour over time. Global Flavoring Agents Market To know about the Research Methodology :- Request Free Sample Report 2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2026. 2020 is a year of exception and analysed especially with the impact of lockdown by region.

Global Flavoring Agents Market Dynamics:

Increasing demand for processed foods and beverages and growing consumer demand for nutritious foods, healthy food with high nutrients will increase the market share of flavoring agents. Due to the improvement of living standards and purchasing power, the rapid expansion of the ready-to-eat food industry will supplement business growth in the next few years. Key advantages such as enhanced taste, aroma, and flavor in numerous food and beverage applications will provide strong prospects for industry growth during the forecast period. The growth in consumption of non-alcoholic beverages in the United States is a key factor driving market expansion. For example, according to the US Centers for Disease Control and Prevention, from 2017 to 2020, water accounted for 51.2% of the total daily non-alcoholic beverage intake of adults, of which fruit juice (5.5)%, coffee (14.8)%, milk (5.4)%, sugary beverages (10.2)%, tea (8.7)%, and diet drinks (3.8)%. High cost and expensive raw materials are the major restraints of the flavoring agent market. The cost is associated with the production of flavoring related to raw materials and strict regulation for labeling and cleaning products can slow the growth of the flavoring agent industry. The growth of the flavoring agent’s system market is hampered by the side effects associated with the use of synthetic flavoring agents in the coming years. The high initial investment required to enter the beverage flavoring system market is the main factor that may limit the market growth. In addition, strict health-related regulations are another factor that is expected to limit the growth of the target market to a certain extent, posing a major challenge to the beverage processing industry.

Global Flavoring Agents Market Segment Analysis:

The Global Flavoring Agents Market is segmented into by type, application and distribution channel.

On the basis of type, the global flavoring agents market is sub-segmented into Natural flavor, and artificial flavor. The artificial flavor segment has held more than 50% share of the total industry share in 2020. Flavors are an important part of the food & beverage industry because any beverage, alcoholic or non-alcoholic, has a different flavor. The demand for artificial flavor segment is increasing because it has available easily and everywhere, low cost, increased consumption of fortified drinks, carbonated drinks which have higher nutritional values, been changing and busy lifestyle many people like to eat or drink ready to eat food. Due to all these reasons, the demand for artificial segments has increased. On the basis of application, the global flavoring agents market is sub-segmented into, Bakery & Confectionery, Beverage, Pharmaceutical, and Others. The beverage segment has held a large share of xx% in 2019. The demand for this segment is increasing due to its intensive use of flavor in hot beverages, alcoholic beverages, juices, nutritional drinks, and carbonated soft drinks. Increasing consumption of beverages, changing the lifestyle of the adult population in emerging countries. Additionally, the strong demand for processed organic beverages is the major growth factor in the beverage industry. Global Flavoring Agents Market 1 On the basis of distribution channels, the global flavoring agents market is sub-segmented into Offline channels and online channels. The online channel segment has held the largest share xx% of the global market in 2019, owing to increase internet penetration, changing lifestyle, quick availability of a product, increasing use of smartphones, The online channel is one of the best platforms for all the consumer now everyone is busy in their own life, so they don’t have enough time to go shop and buy the product. So instead of that consumers can order products online, so people are also saving their own time.

Global Flavoring Agents Market Regional Insights:

APAC has the largest market in the world with xx% of the share in 2019, owing to the increasing population for processed food and beverage, increased demand for premium products, increasing health awareness among people, rising new strategy and technology, increasing hotels and restaurant industry. Additionally, the growing demand for organic products and clean products is responsible to drive the growth of the flavoring agent market. Global Flavoring Agents Market 2 Europe held more than 25% of the share of the total market in 2019. The globalization of European industries has increased the need for the flavoring of a food processing industry. Increasing demand for low-alcohol, low fat, low salt food is the key factor that helping for growing the flavoring agents market. The flavor varies by country and region, manufacturers are focused on the quality of the product, and that helps for growing the market. Global Flavoring Agents Market 3 The objective of the report is to present a comprehensive analysis of the global flavoring agents market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global flavoring agents market dynamics, structure by analyzing the market segments and project the global flavoring agent’s market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global flavoring agents market make the report investor’s guide.

Global Flavoring Agents Market Scope: Inquire before buying

Global Flavoring Agents Market 4

Global Flavoring Agents Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Flavoring Agents Market Key Players

Givaudan • Firmenich • International Flavors & Fragrances Inc. • Symrise AG • Archer Daniels Midland • Sensient Technologies • ICC Industries Inc. • Mane SA • Robertet Group • Takasago International Corporation • Kerry Group • T. Hasegawa Co. Ltd. • Huabao International Holdings Ltd. • Keva Flavours Pvt. Ltd. • Flavorcan International Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Flavoring Agents Market? Ans: North America holds the highest share in 2019. 2. What is the growth rate of the Flavoring Agents Market? Ans: The Flavoring Agents Market is growing at a CAGR of 5.8 % during the forecasting period 2019-2027. 3. What segments are covered in Flavoring Agents Market? Ans: Global Flavoring Agents Market is segmented based on type, Application, Distribution channel and Region. 4. Which are the key players in the Global Flavoring Agents Market? Ans: The important key players in the collapsible tubes packaging market are Givaudan, Firmenich, International Flavors & Fragrances Inc., Symrise AG, Archer Daniels Midland, Sensient Technologies, ICC Industries Inc., Mane SA, Robertet Group, Takasago International Corporation, Kerry Group, T. Hasegawa Co. Ltd., Huabao International Holdings Ltd., Keva Flavours Pvt. Ltd., and Flavorcan International Ltd. 5. What is the study period of this market? Ans: The Global Flavoring Agents Market is studied from 2019 – 2027.

Author: Web Spangle

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