Flavour Carriers Market

Flavour Carriers Market Size, Share, Growth (2023-2028)

Flavour Carriers Market was at USD x.xx million in 2023 and is anticipated to reach an extent of USD x.xx million in2028.

Flavour Carriers Market Overview

Flavour Carriers are solvents of natural or artificial origin for extracts and aromas. Flavorings are used by food technology specialists and flavor consultants to improve the sweetness, shelf life and texture of foods and beverages. These provide solubility to the flavoring compounds. Flavor carriers are also used as processing aids in treating humectants. Flavor carriers function as food additives, processing aids, humectants, carriers, and solvents that replace maltodextrin in insoluble applications. They are a good alternative to petroleum-based additives and carriers as they reduce water activity, improve moisture, and most importantly, have antibacterial properties. Flavor carriers can be used as heat stabilizers in food and beverage products. The main sources of flavor are acacia gum and modified starch. These properties allow the technology consultant to maintain the balance of flavors between the active chemicals in a preparation to ensure a fresh and authentic sensory experience. The maximum use of flavor carriers can be found in the non-alcoholic and alcoholic drinks.

Recent Developments

• Givaudan announced that it has completed the acquisition of Alderys, which is an innovative French biotechnology company that is based in Orsay, France. Alderys develops innovative approaches for the biological engineering of valuable compounds derived from renewable raw materials.

• Frutarom, one of the ten largest companies in the world in flavors and unique raw materials, continues with the successful implementation of the strategy of rapid and profitable growth and announces the fifth acquisition of the year, the American company Flavor Systems. International Inc. This acquisition strengthens Frutarom's presence in the United States, the world's largest market in the field of aromas.

• The American food giant Cargill has announced that it has reached an agreement to buy the British flavoring company The Duckworth Group.

Flavour Carriers Market Drivers:

The increasing consumption of beverages, changes in food consumption standards and changes in consumer taste preferences have led to the demand for new flavors and quality products in the market.

Increasing technological advancement and innovation from food and beverage ingredient manufacturers is driving the market growth. Most alcoholic and non-alcoholic beverages contain flavorings, which are driving the global flavor carriers market. Energy drinks, carbonated drinks, fruit juices, and alcoholic beverages contain a large number of flavorings. Flavors such as meat flavor, vegetable flavor, clean taste, and ultra clean taste are used in the food industry in large quantities, increasing the demand for flavor carriers. With the increasing purchasing power of consumers, coupled with busier lifestyles, the demand for ready-made meals has been steadily increasing. This increased demand for ready meals can also be seen in the increased demand for baked goods, fast food, and desserts. The rise in demand for prepared meals is most visible in European and Asia-Pacific countries, as per capita food spending increases with rising per capita income in this region. Desserts, especially ice cream, are an important part of cooked meals. Ice cream is one of the most consumed products and the demand for flavored ice cream and related products is increasing worldwide. Therefore, the dessert and ice cream industries are driving demand for flavor carriers.

Flavour Carriers Market Restraints:

The demand for alcoholic beverages is increasing at a rapid rate around the world, and the growing trend to consume flavored alcoholic beverages creates a demand for flavors and subsequently drives the market for flavors. Developing countries like China, India, Singapore, and Indonesia have the highest demand for alcoholic beverages. Alcoholic beverages contain fruit aromas such as white grape, banana, pineapple, coconut, melon, lemon-lime, orange, grapefruit, raspberry, blueberry, apple, cinnamon, coffee and others. The alcoholic beverage industry is one of the main drivers of the demand for flavorings. Private label manufacturers, predominantly national, medium, local or small-scale food manufacturers, are a growing segment in the flavorings market. Over the past decade, with the growing number of supermarket chains and increasing awareness of consumer prices, the demand for and consumption of private label products has grown at a faster rate than the industry branded food. Small manufacturers have strong manufacturing capacity and a significant business presence in certain geographies. These manufacturers are creating huge opportunities for the flavoring market. The growing health awareness among global consumers is reflected in the consumption of natural and organic food and food products. The growing awareness of the benefits of organic and natural food products allows food manufacturers to experiment with different flavors. The growth of natural food products has increased dramatically in recent years, increasing the demand for natural flavor carriers.

REPORT COVERAGE:

Flavour Carriers Market segmentation:

• Based on the Application

•  Forms

• Flavour type

Depending on the Application 

• Pharmaceuticals

• Beverages

• Food.

Depending on the Forms, it can be divided into Solid and Liquid. Depending on the Category, it can be divided into Sugars, Starches, Fats, Solvents, Flavor Carriers, and Bitterness Suppressors. Depending on the Flavour type, it can be divided into Artificial and Natural.

Impact of covid-19 on Flavour Carriers Market:

The food & beverage industry had witnessed an immense impact due to the coronavirus pandemic. All its associated industries like flavour carriers have registered its ripple effects because of the strict lockdown conditions in different parts of the world to curb the spread of the virus. However, the increasing demand for new flavours among consumers is supposed to propel the demand in the global flavour carriers market.

Flavour Carriers Market Regional Analysis:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

During the forecast period, Europe is expected to dominate the worldwide market. The presence of a well-established pharmaceutical and food and beverage industry will support market expansion in Europe and North America. These two countries have a high demand for sports nutrition, which will contribute greatly to the expansion of the market. However, during the forecast period, Asia-Pacific is expected to show a higher growth rate. Due to rapid urbanization and changes in consumer lifestyles, the packaged food industry in Asia-Pacific is experiencing remarkable growth. Also, in recent years, consumers have developed a trend towards food products with better nutritional values. Driven by these factors, the flavor carrier market will see impressive growth in the Asia Pacific.

Flavour Carriers Market Key Players:

1. Sensient Technologies

2. Stepan Company

3. Symrise

4. Döhler

5. International Flavors and Fragrances

6. Firmenich

7. Givaudan

8. Kerry

9. DuPont

10. Tate & Lyle

11. Senomyx

12. Cargill Inc