Global Flavors Market to Witness Impressive Growth, Revenue to Surge to USD 23.7 Billion By 2028

11-Jun-2021 | Zion Market Research

The global Flavors market accounted for USD 13.5 Billion in 2020 and is expected to reach USD 23.7 Billion by 2028, growing at a CAGR of around 7.3 % between 2021 and 2028.      

The report covers forecast and analysis for the flavors market on a global, regional and country level. The study provides historic data of 2016 along with the forecast from 2021 to 2028 based on revenue (USD million). The study includes drivers and restraints for the flavors market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the flavors market on a global level.

In order to give the users of this report a comprehensive view on the flavors market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the flavors market has also been included in the study. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, product and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies along with patent analysis (2016-2020) bifurcated into a patent trend, patent share by company and patent analysis according to the region.

The study provides a decisive view on the flavors market by segmenting the market based on products and applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. The type of flavors included in the study is natural and synthetic.   Key application segments covered under this study includes beverages, bakery, confectionery, dairy, savory & snacks and other applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for flavors based on individual types and applications in all the regions and countries.

Regionally, North America has been leading the worldwide flavors market and is predicted to continue its domination in the years to come, states the market study. The flavors market growth across the region can be attributed to excessive beverage intake in the region as a result of climatic conditions.  The high number of market players being headquartered in North America is another significant factor that is supporting the growth of the flavors market in the region. For the record, in 2020, North America accounted for nearly 31.2% towards overall flavors market share.

The report also includes detailed profiles of end players such as Givaudan, Firmenich SA, Kerry Group plc, Symrise AG, Wild Flavors Inc., Frutarom Industries Ltd., SunOpta, Inc, International Flavors and Fragrances Inc., Mane Fils SA, Archer Daniels Midland Company and Sensient Technologies Corporation. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

Browse the full Flavors Market by Type (Natural, and Synthetic) By Application (Beverages, Bakery, Confectionery, Dairy, Savory & Snacks and Others Application): Global Application Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/flavors-market

The global Flavors Market is segmented as follows:

By Type

  • Natural
  • Synthetic

By Application

  • Beverages
  • Bakery
  • Confectionery
  • Dairy
  • Savory & Snacks
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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