Artificial Flavors Market 2022-2027: Growing Demand For The Artificial Flavors In Various Edible & Non-Edible Applications
The Global Artificial Flavors Market size is projected to reach USD 15.20 billion from USD 9.27 billion in 2019, delivering a CAGR of 5.3% through 2027. Increasing consumer demands for exotic flavored food & beverage is likely to drive global artificial flavors market growth.
The artificial flavors are synthetically made in laboratories but are made in a manner that they taste and smell similar to the natural ingredient. Manufacturers make sure that the synthetic flavor nicely replicates the aroma and taste of the real ingredient in the final food or beverage product. As artificial flavors are made in laboratories, they are governed and labeled by regulatory bodies such as the Food and Drug Administration, European Food Safety Authority, and others. These agencies ensure the safety of artificial flavoring substances for human consumption.
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Changing lifestyles with rapid globalization and urbanization trends will fuel the demand for variety in food and beverages, which, in turn, will create lucrative opportunities for the global artificial flavors market growth. Also, increasing consumption of fast-food items, extensive advancements in the synthetic flavoring substances, along with exponential growth of the F&B industry in the Asia Pacifica region will foster artificial flavors market share through 2027.
Some of the Leading Market Players Are Listed Below:
- International Flavors & Fragrances,
- Givaudan, LorAnn Oils,
- Firmenich SA,
- Robertet Group,
- Hasegawa Co., Ltd.,
- Takasago International Corporation
Global Artificial Flavors Market Segmentation:
Applications Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Dairy & Beverages
- Confectionery & Snacks
Form Factor Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Flavoring Tastes
- Flavoring Smell
- Flavoring Colors
- Mixed Flavoring Content
End-Use Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Artificial Flavors market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Artificial Flavors market.
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
The global Artificial Flavors market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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