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Flavouring Agents Market Regional Trend & Analysis | Global Industry Report, 2019-2025

Author : Rahul Sankrityayan | Published Date : 2019-07-10 

Global Market Insights, Inc. has added a new report on Flavouring Agents Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Strong outlook in various applications sector including beverages, bakery, dairy, savory & convenience foods, confectionery, and meat is driving the flavoring agents market growth. Factors such as the increasing popularity of flavored soft drinks, a promising regulatory scenario for fortified products, along with increasing demand for organic products and clean product labeling are expected to fuel the product demand over the forecast timeframe.

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Rising consumption of processed food & beverages along with growing consumer demand for nutritious food will increase the flavoring agents market share. The rapid expansion of ready to eat food industry owing to an improved standard of living and purchasing power will complement the business growth over the forthcoming years. Key benefits such as enhanced taste, aroma, and essence across numerous food & beverage applications will provide a strong outlook for industry growth over the forecast period.

Increasing production of processed food products and beverages has proliferated flavouring  agents market share, owing to evolving consumer lifestyles and the consistent demand for all sorts of snacks, confectionaries as well as alcoholic and non-alcoholic drinks. Consumption trends can differ according to specific geographical areas, such as products mainly suited for Asian countries may not always be acceptable in Europe. The diversity in taste preferences and categories of food or beverages consumed offers considerable growth opportunities to the flavouring  agents industry. Soaring inclination of health conscious people towards beverages containing natural flavors will stimulate notable R&D efforts among industry players.

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A prominent driver for the natural flavouring  agents market has been the support from regulators and food safety agencies with regards to the specification and application of numerous flavors in different product types. The U.S. FDA, for instance, has issued a list of natural flavors and adjuvants that can be safely used in processed food, alcohols and other consumables.

It is believed that worldwide, consumers are now more mindful of the ingredients present in their drinks and their functional value, making it imperative to not only include natural substances in them but also to provide a clear and informative labelling.

Flavoring Agents Market, By Application

  • Beverages
  • Bakery
  • Dairy
  • Savory & convenience foods
  • Confectionery
  • Meat
  • Oral Hygiene/pharmaceutical
  • Snacks

Beverages market accounted for over 30% of the industry share in 2018. Increasing consumption of alcoholic beverages, sports drinks, soft drinks, and carbonated beverages is expected to enhance the market share over the forecast period. Also, the adoption of natural and organic flavors has been on the rise owing to increasing consumer awareness about the benefits of using products derived from plant sources. 

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Artificial flavor market is projected to witness over 4% gains from 2019 to 2025. Inclination towards packaged and processed food products among the consumers due to changing lifestyles and busy work schedule will support the business growth. Strong outlook for these products in various baking applications is expected to augment the segment share.

Europe flavoring agents market accounted over USD 5 billion by 2025. Growing consumption of Processed products such as acidified milk drinks, fruit beverages, yogurts and confectionery provide lucrative opportunities for the product penetration. Rising consumer awareness regarding consumption of food products prepared from natural ingredients will augment the regional demand.

Global industry is highly competitive owing to the presence of multinational corporations and regional players Givaudan, Firmenich, International Flavors & Fragrances Inc. (IFF), Symrise AG, Sensient Technologies Corporation, Frutarom Industries are among major flavoring agents manufacturers.

Partial Chapters:

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1 Flavoring agents market 3600 synopsis, 2013 –2025

2.1.1 Business trends

2.1.2 Application trends

2.1.3 Type trends

2.1.4 Regional trends

Chapter 3. Flavoring Agents Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 - 2025

3.3 Industry ecosystem analysis, 2018

3.3.1 Raw material suppliers

3.3.2 Manufacturers

3.3.3 Distribution channel analysis

3.3.4 Profit margin analysis

3.3.5 Vendor matrix

3.4 Technology landscape

3.5 Raw material analysis

3.6 Global food and beverage industry outlook

3.7 Regulatory landscape

3.7.1.1 North America

3.7.1.2 EU

3.7.1.3 APAC

3.7.1.4 LATAM

3.8 Pricing analysis, 2013-2025

3.8.1 Regional pricing

3.8.1.1 North America

3.8.1.2 Europe

3.8.1.3 APAC

3.8.1.4 LATAM

3.8.1.5 MEA

3.8.2 Cost structure analysis, 2018

3.9 Industry impact forces

3.9.1 Growth drivers

3.9.1.1 North America

3.9.1.2 Europe

3.9.1.3 APAC

3.9.1.4 LATAM

3.9.1.5 MEA

3.9.2 Industry pitfalls & challenges

3.10 Growth potential analysis, 2018

3.11 Porter's analysis

3.12 Competitive landscape, 2018

3.12.1 Company market share analysis, 2018

3.12.2 Strategy dashboard

3.12.3 Key stakeholders

3.13 PESTEL analysis

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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