Flavors Market
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Published By:Zion <strong>Market</strong> Research<br />
Global <strong>Flavors</strong> <strong>Market</strong>: Industry Size, Share, Trends<br />
Analysis and Forecast, 2016 – 2021<br />
Contact Us:<br />
4283, Express Lane, Suite 634-143,<br />
Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT<br />
Tel: +49-322 210 92714<br />
USA/Canada Toll Free No.1-855-465-4651<br />
sales@zionmarketresearch.com
<strong>Flavors</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research has published a new report titled “<strong>Flavors</strong> <strong>Market</strong> by Type (Natural and<br />
Synthetic) for Beverages, Bakery, Confectionery, Dairy, Savory & Snacks and Others<br />
Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.”<br />
According to the report, global demand for flavors was valued at USD 11.50 billion in 2015, and<br />
is expected to reach USD 15.60 billion in 2021, growing at a CAGR of 7.5% between 2016 and<br />
2021. In terms of volume, the global flavors market stood at 587.0 million tons in 2015.<br />
A flavor is very important entity of the food industry. It is primarily utilized to enhance and<br />
accelerate the taste, smell and color of the products. It is available in two categories i.e. natural<br />
and synthetic. However, natural flavors are in great demand due to the shifting preferences for<br />
natural flavors rather than the synthetic. Natural flavors are derived from fruits, vegetables and<br />
other substances, while synthetic flavors are obtained from chemicals. It has many diverse<br />
applications such as food and beverages, oral care industry, beer industry, etc.
<strong>Flavors</strong> <strong>Market</strong><br />
Request Report Sample https://www.zionmarketresearch.com/sample/flavorsmarket<br />
The major driving factor of global flavors market is growing demand for convenience food across<br />
the globe. Secondly, the demand for various flavors is increasing from the beverages industry<br />
which is expected to fuel the demand for flavors during the years to come. However, stringent<br />
rules and regulations imposed by regulatory bodies on flavors are likely to hinder the growth of<br />
market. Furthermore, new raw material sources are projected to open new opportunities for<br />
flavor market in coming years.<br />
The global flavors market is bifurcated in two types viz. natural and synthetic flavors. In 2015,<br />
natural flavors were in great demand across the globe and it accounted over 50% share of the<br />
entire market. Additionally, the dominance of the segment is expected to prolong within the<br />
forecast period owing to rising demand towards heath concerns.<br />
Beverages was the foremost application accounted over 25% share of the market and further it is<br />
predicted to continue this trend due to growing demand for beer consumption across the globe.
<strong>Flavors</strong> <strong>Market</strong><br />
The beverage application is expected to grow at CAGR of 10.0% in near future. Moreover,<br />
emerging market is likely to grow the demand for dairy and savory & snacks within the forecast<br />
period.<br />
Browse the full "<strong>Flavors</strong> <strong>Market</strong> by Type (Natural and Synthetic) for Beverages,<br />
Bakery, Confectionery, Dairy, Savory & Snacks and Others Applications: Global<br />
Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment,<br />
Trends and Forecast, 2015 – 2021" report<br />
at https://www.zionmarketresearch.com/report/flavors-market<br />
In 2015, North America dominated the market for flavors with 30.0% market share followed by<br />
Europe. This was mainly contributed by heavy consumption of beverages in this region due to<br />
the climatic condition in the region. Asia Pacific is likely to experience high-growth over the<br />
period due to the growing demand for flavors used in sauces & seasonings especially in emerging<br />
economies such as China, India, Bangladesh and Sri Lanka. Moreover, Latin America, Middle<br />
East and Africa also projected to have moderate growth for flavors market in coming years.
<strong>Flavors</strong> <strong>Market</strong><br />
Some of the key players operative in the global market of flavors include Givaudan, Firmenich<br />
SA, Kerry Group plc, Symrise AG, Wild <strong>Flavors</strong> Inc., Frutarom Industries Ltd., SunOpta, Inc,<br />
International <strong>Flavors</strong> and Fragrances Inc., Mane Fils SA, Archer Daniels Midland Company and<br />
Sensient Technologies Corporation. Among these major players, Givaudan is one of the<br />
dominating companies which accounts for a major chunk in global flavors market in 2015.<br />
The report segments the global flavors market as:<br />
<strong>Flavors</strong> <strong>Market</strong>: Type Analysis<br />
<br />
<br />
Natural<br />
Synthetic<br />
<strong>Flavors</strong> <strong>Market</strong>: Application Analysis<br />
<br />
<br />
Beverages<br />
Bakery
<strong>Flavors</strong> <strong>Market</strong><br />
<br />
<br />
<br />
<br />
Confectionery<br />
Dairy<br />
Savory & Snacks<br />
Other<br />
Request for table of Contents https://www.zionmarketresearch.com/toc/flavorsmarket<br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT<br />
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.comWeb:www.zionmarketresearch.com
Change language