The Global Food Flavors Market Is Predicted To Reach USD 30.5 Millon With A CAGR Of 6.36% According To Market Data Forecast Report

The Global Food Flavors Market Is Predicted To Reach USD 30.5 Millon With A CAGR Of 6.36% According To Market Data Forecast Report

ID: 1269 | October 2018 | Region: Global

The Global Food Flavors Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Food Flavors Market is estimated to be USD 21.3 Million and predicted to rise to USD 30.5 Million with a CAGR of 6.36%. The market is segmented by Type (Chocolate, Vanilla, Fruits & Nuts), by Origin (Natural, Synthetic), by Application (Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The market for food flavors is mainly driven due to demand growth of processed food products, expanding purchasing powers, changes in eating habits, hectic work schedule and improper diets due to which people are resorting to processed food products which contain flavors for both preservative and taste enhancing purposes. But, the market growth is constrained due to stringent food safety regulations and adverse effects on human health due to the excessive use of synthetic flavors.

North America is the biggest market in terms of market share across the globe, followed by Europe. The North American market for food flavors is witnessing a considerable growth due to increase in packaged food consumption in developed economies. The Food Flavors market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to growing demand for health & wellness foods, technological innovation, and increasing consumer preference towards convenience and ready-to-eat meals.

Kerry Group, Givaudan, Firmenich, Sensient Technologies Corporation, Symrise AG, Frutarom Industries, Archer Daniels Midland Company, DohlerGroup,  AGRANA Group, SVZ International B.V. and SunOpta, Inc.are the major players of Global Food Flavors market.

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