Global Flavors (Food and Beverages) Market
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<strong>Global</strong> <strong>Flavors</strong> (<strong>Food</strong> <strong>and</strong> <strong>Beverages</strong>)<br />
<strong>Market</strong><br />
Size, Share, Trends, Analysis, Opportunities, Growth,<br />
<strong>and</strong> Forecast, 2014 – 2020<br />
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<strong>Flavors</strong> are essential part of the food processing industry to maintain the taste of a product. <strong>Food</strong><br />
flavors are made of three components—taste, smell <strong>and</strong> color. <strong>Food</strong> flavors are essential part of<br />
the food processing industry to maintain the taste of a product. <strong>Food</strong> <strong>and</strong> beverage industries<br />
require flavor for different purposes such as new product development, to add new product line<br />
<strong>and</strong> to change the taste of existing product. High dem<strong>and</strong> of new flavors from food <strong>and</strong> beverages<br />
industry <strong>and</strong> continuous innovation are driving the global food flavors market. Additionally,<br />
increasing dem<strong>and</strong> from fast food industry is fuelling the market growth. However, rising health<br />
awareness of the global population could pose a major threat to the overall market.Intensive<br />
research carried out to develop a cure for fatal brain disorders <strong>and</strong> injuries, <strong>and</strong> the rising number<br />
of government funding with a view to encourage BCI research studies are likely to boost the<br />
market. However, the ethical problem faced during the research i.e., to use BCI to treat patients<br />
whose informed consent cannot be obtained, can act as a restraint for the BCI market. In most<br />
of the cases, it is not possible to define or restrict the amount of information that can be retrieved<br />
from the patient. BCI is comparatively a naïve technology <strong>and</strong> many of its applications are yet to<br />
be commercialized <strong>and</strong> are a part of laboratory research.<br />
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Companies are exp<strong>and</strong>ing its geographical operations in developing regions to maintain their<br />
growth rate. For example, Givaudan has recently started its manufacturing plant in Nigeria to<br />
increase its customer base. Key market players are also exp<strong>and</strong>ing their product portfolio to<br />
maintain the market profitability. For example, Kerry Group has added barbeque flavored meat<br />
snacks br<strong>and</strong>, “Meateors”. Meateors is launched to target the male consumer between the age<br />
group of 20 to 32.<br />
The report offers incisive information on other market strategies such as collaboration,<br />
acquisition, innovation, etc. Also, to provide a deeper understating, the report segments the<br />
global food flavors market based on type, application <strong>and</strong> geography. The type segment includes<br />
natural flavor <strong>and</strong> artificial flavor market. The natural flavors can be used in their natural form or<br />
processed form. Beverage companies in US <strong>and</strong> Europe prefer to use natural flavors. Artificial<br />
flavors are chemically derived <strong>and</strong> widely used in beverage industries. The application segment<br />
consists of food <strong>and</strong> beverages, savory <strong>and</strong> snacks, bakery <strong>and</strong> confectionery, dairy <strong>and</strong> frozen<br />
products, <strong>and</strong> animals <strong>and</strong> pet foods. <strong>Beverages</strong> is the leading application segment within the<br />
global food flavors market.<br />
Geographically, the market is segmented as North America, Eastern Europe, Western Europe,<br />
Asia-Pacific. Latin America, Middle East <strong>and</strong> Africa. North America is the largest market for food<br />
flavor followed by Asia-Pacific <strong>and</strong> Europe.<br />
To offer a comprehensive view of the market competitors, the report have profiled top key<br />
players in the global food flavors market. The report gives important market strategies <strong>and</strong> key<br />
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moves of the top players such as Kerry Group, Givaudan, Firmenich, Sensient Technologies<br />
Corporation, Symrise AG, Frutarom Industries to underst<strong>and</strong> their influence on the overall market.<br />
Other key players listed in the report are, Hasegawa Co., International <strong>Flavors</strong> & Fragrance Inc.,<br />
Wild <strong>Flavors</strong> Inc, Huabao International <strong>and</strong> Takasago International Corp<br />
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