Food Flavor Market
Food Flavor Market Study by Citrus, Vegan, and Dairy-derived Flavors for Food Industry, Beverages, Pharmaceuticals, Nutraceuticals, and Foodservice Industry from 2024 to 2034
Analysis of Food Flavor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Food Flavor Market Outlook (2024 to 2034)
Worldwide revenue from the sales of food flavors is projected to reach US$ 13.74 billion in 2024, as revealed in a newly published study by Fact.MR. The global food flavor market has been forecasted to expand at a CAGR of 4.9% and reach a value of US$ 22.17 billion by the end of 2034.
Food flavor market growth is attributed to the growing need for new sensory experiences and tastes globally. More manufacturers are under constant pressure to innovate and create new flavor profiles to capture consumers’ palates as they are opting for unique textures and flavors in the food & beverages industry. The accelerating popularity of ethnic cuisines, shifting nutritional preferences, and cultural influences are contributing to demand for food flavors.
Several technological advancements are taking place in encapsulation, flavor synthesis, and extraction, thereby contributing to the production of new flavors with better stability, consistency, and authenticity. These advancements are enhancing the creation of novel flavors while addressing regulatory requirements and the demand for clean-label products. Innovations include the use of both artificial flavor components and natural extracts.
However, global market growth dynamics are challenged by stringent regulatory frameworks for food additives, labeling specifications, and flavorings. Compliance with safety requirements, consumer transparency initiatives, and labeling laws is imposing additional burdens on manufacturers, negatively impacting the food flavor market size.
- Demand for food flavors in Canada is approximated to increase at 5.4% CAGR through 2034.
- Worldwide demand for food flavors for use in beverages is evaluated to increase at a CAGR of 4.1% and reach a market value of US$ 4.97 billion by the end of 2034.
- Sales of food flavors in Japan are projected to rise at a CAGR of 5.4% from 2024 to 2034.
- North America is expected to hold 24.3% of the global food flavor market share by 2034-end.
| Report Attributes | Details |
|---|---|
| Food Flavor Market Size (2024E) | US$ 13.74 Billion |
| Forecasted Market Value (2034F) | US$ 22.17 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.9% CAGR |
| Market Share of Liquid Food Flavors (2034F) | 55.2% |
| East Asia Market Share (2034F) | 23.1% |
| South Korea Market Growth Rate (2024 to 2034) | 5.6% CAGR |
| Key Companies Profiled | Givaudan SA; Symrise AG; International Flavors & Fragrances Inc.; Kerry Group; CP Ingredients; Sensient Technologies Corporation; FONA International Inc.; Flavor Producers, LLC; Innova Flavors; ADM; Cargill, Incorporated; A&B Ingredients; Ajinomoto Group; DPO International Sds. Bhd.; Koninklijke DSM N.V. |
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What is Pushing Sales of Food Flavors Across the World?
“Increasing Popularity of Citrus Flavors Key Market Growth Driver”
Citrus flavor food ingredients are gaining popularity around the world. This is attributed to their well-balanced and delicate flavor profile, which harmonizes acidity and sweetness. These flavors are generally found in pastries, confectionaries, and beverages and are becoming more popular among millennials and older consumers preferring more mature tastes.
Several manufacturers of alcoholic beverages, such as vodka, spritzer, beer, and some other options and flavored water, are using citrus flavors to attract more consumers. In addition, more manufacturers of alcoholic beverages are using citrus flavors for producing premium category products.
“Growing Preference for Plant-based Flavors and Food Options”
More consumers are inclined to social media and information technology about the impact of food consumption on the environment. Animal cruelty and health concerns, especially in industrialized regions are impacting the purchasing decisions of more consumers. This is resulting in rising demand for natural and organic products.
More individuals are becoming conscious about their eating habits and non-communicable illnesses. They are eliminating meat from their food option to reduce the risks associated with health disorders, such as obesity and cancer. Certain other consumer attitudes, such as the conservation of water and reducing carbon emissions are pushing demand for plant-based food options.
What Obstacles are Food Flavor Manufacturers Tackling?
“Less Preference for Artificial Food Flavors and Price Fluctuations”
Declining acceptance of artificial options is creating challenges for market growth. More consumers are opting for nutrients in their diets; however, changing preferences, intense competition, and limited awareness are restraining market expansion. In addition, higher vulnerability in the cost of plant-based food flavors is adversely impacting their demand. Their production depends on weather conditions and seasonality, which is ultimately impacting prices.
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How are New Companies Penetrating This Business Landscape?
“Emphasis on Sustainability and Innovations”
Start-ups are emphasizing sustainability practices and innovations for offering more effective food flavors. New market players need to adapt to constantly changing consumer preferences and regulations, which is creating opportunities for market players to offer a wide variety of food flavors.
Advancements in food technology are revolutionizing the food flavor market. Several techniques, such as microencapsulation and encapsulation are enabling the controlled release of several food products. Thereby, an increased demand for food flavors is witnessed in dairy products, beverages, and even pharmaceuticals.
Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, in its report, mentioned that North America is evaluated to possess a share of 24.3% of the global market by 2034-end. Growing consumer emphasis on clean-label and natural products is stimulating market players to align well with wellness and health trends. These factors are contributing to the increasing demand for organic and natural flavor solutions.
What is Benefitting Manufacturers of Food Flavors in the United States?
“Growing Popularity of Exotic and Ethnic Flavors”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.46 Billion |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 2.46 Billion |
The United States is analyzed to occupy 45.6% share of the North American market by 2034. More people in the country are consuming exotic and ethnic flavors. Thereby, some of the leading market players are investing significantly in R&D activities to cater to these evolving tastes and address concerns related to artificial additives. Further, labeling requirements and regulatory changes are also contributing to a noteworthy shift to natural flavors.
Which Factor is Positively Influencing Demand for Food Flavors in China?
“Rising Demand for Convenient Foods Opening New Doors for Market Players”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1.5 Billion |
| Growth Rate (2024 to 2034) | 4.9% CAGR |
| Projected Value (2034F) | US$ 2.43 Billion |
China is expected to hold a share of 47.5% of the market in East Asia by 2034. Increasing demand for convenient food options is contributing to the rising consumption of food flavors. In addition, the growing use of natural products, such as food flavors in several food & beverages is generating lucrative opportunities for market players.
What is Paving the Way for Food Flavor Manufacturers in Japan?
“Strong Demand for Clean-label and Natural Flavorings”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 889.6 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 1.5 Billion |
Japan is projected to contribute 29.4% share of East Asian market revenue by the end of 2034. More consumers in the country are becoming affluent in their food choices, which is further increasing demand for exotic and unique flavors. Availability of diverse cuisines from delicate sushi to spicy curries is contributing to increased demand for several types of food flavors. Moreover, the growing preference for clean-label and natural flavorings is pushing manufacturers to capitalize on this trend while offering authentic and innovative flavor solutions.
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Category-wise Insights
There is an increased demand for liquid flavors in product formulation, which need a more delicate flavor profile or a particular moisture content. Their ability and versatility for seamless blending with several ingredients is contributing to increased popularity in foods & beverages, further setting food flavor market trends.
Why are Liquid Food Flavors Preferred Over Others Forms?
“Rising Use of Liquid Variants for Intense and Immediate Flavor Impact”
| Attribute | Liquid Food Flavors |
|---|---|
| Segment Value (2024E) | US$ 7.5 Billion |
| Growth Rate (2024 to 2034) | 5% CAGR |
| Projected Value (2034F) | US$ 12.24 Billion |
Liquid food flavors are approximated to account for 55.2% share of global market revenue by 2034. These flavors offer unique advantages and allow consistent and easy dispersion through several products, such as dairy, confectionery, sauces, and beverages. Liquid flavors are well-known for their ability to offer a more intense and immediate flavor impact owing to their homogenous distribution. This contributes to their wide suitability for applications where the intensity of flavor is crucial, such as juices, soft drinks, and flavored water.
Which Application of Food Flavors is Generating High Revenue Streams?
“Growing Use of Food Flavors in Beverages for Ability to Enhance Aroma and Taste”
| Attribute | Beverages |
|---|---|
| Market Value (2024E) | US$ 3.32 Billion |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 4.97 Billion |
Beverages containing several food flavors are forecasted to capture a share of 22.4% of global market revenue by 2034. The rising consumption of food flavors in beverages is attributed to their contribution to enhancing the aroma and taste of products, such as fruit juices, soft drinks, alcoholic beverages, and sports drinks. More consumers are opting for refreshing and unique flavor profiles in beverages. Fruit-based and natural flavors are becoming more popular with increasing consumer preference for healthier options.
Competitive Landscape
Key players in the food flavor market are investing in R&D activities for product development to enrich their existing portfolio. In addition, mergers, acquisitions, collaborations, partnerships, and other strategies are also helping market players secure a position for themselves.
For instance
- Givaudan, in February 2022, launched PrimeLock. This newly launched product helps in addressing challenges related to ingredients and natural flavors.
- Symrise AG, in July 2021, acquired Giraffe Foods Inc. This will assist the company in tapping into the nutrition and flavor segment of Giraffe Foods in North America. Giraffe Foods Inc. is well known for its offerings in custom flavor solutions, especially in the quick-service restaurant and foodservice sectors. Integration of Giraffe Foods into Symrise will help in gaining direct access to distribution channels and established relationships.
Fact.MR provides detailed information about the price points of leading manufacturers of food flavors positioned across the world, sales growth, production capacity, and speculative technological expansion, in this newly published market report.
Segmentation of Food Flavor Market Research
-
By Type:
- Citrus Flavors
- Vegan Flavors
- Dairy-derived Flavors
-
By Nature:
- Natural
- Artificial
-
By Form:
- Powder
- Liquid
-
By Application:
- Food Industry
- Beverages
- Pharmaceuticals
- Nutraceuticals
- Foodservice Industry
-
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Type 6.2. Nature 6.3. Form 6.4. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type 7.1. Citrus Flavors 7.2. Vegan Flavors 7.3. Dairy-derived Flavors 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Nature 8.1. Natural 8.2. Artificial 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Form 9.1. Powder 9.2. Liquid 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 10.1. Food Industry 10.2. Beverages 10.3. Pharmaceuticals 10.4. Nutraceuticals 10.5. Foodservice Industry 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Type, Nature, Form, Application, and Region for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Givaudan SA 21.2. Symrise AG 21.3. International Flavors & Fragrances Inc. 21.4. Kerry Group 21.5. CP Ingredients 21.6. Sensient Technologies Corporation 21.7. FONA International Inc. 21.8. Flavor Producers, LLC 21.9. Innova Flavors 21.10. ADM 21.11. Cargill, Incorporated 21.12. A&B Ingredients 21.13. Ajinomoto Group 21.14. DPO International Sds. Bhd. 21.15. Koninklijke DSM N.V. 22. Assumptions and Acronyms Used 23. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 2: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 4: Global Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 5: Global Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 7: Global Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 8: Global Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Form, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 4: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 5: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 6: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 7: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 8: Global Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 9: Global Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Form, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Form, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Form, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Form, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Form, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Form, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Form, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Form, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Form, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Form, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Form, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Form, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Form, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Form, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Form, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Form, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
How big is the food flavor market in 2024?
The global food flavor market is projected to reach US$ 13.74 billion in 2024.
What are the sales projections for food flavors by 2034?
Worldwide sales of food flavors are forecasted to climb to US$ 22.17 billion by 2034.
At what rate is the demand for food flavors projected to increase?
The global market is forecasted to expand at a CAGR of 4.9% from 2024 to 2034.
What is the contribution of North America to global market revenue?
North America is expected to account for 24.3% share of global market revenue by 2034.
At what rate is the demand for food flavors set to accelerate in South Korea?
Sales of food flavors in South Korea are approximated to rise at a CAGR of 5.6% through 2034.
How much share of the global market are liquid-based food flavors set to hold?
Liquid-based food flavors are projected to hold a market share of 55.2% by 2034.
Who are some of the leading manufacturers of food flavors?
Givaudan SA, Symrise AG, Kerry Group, CP Ingredients, and FONA International Inc. are some of the prominent market players.
What is flavor in the food industry?
A flavoring is well-known as a flavoring. It is a food additive utilized to improve the smell or taste of food products.
Food Flavor Market