The food flavors market worldwide is currently estimated to be worth $12.4 billion USD, and by 2032, it is expected to grow at a CAGR of 4.9% to reach $20 billion USD. In 2021, food flavour consumption accounted for 50% to 55% of the market for flavours and fragrances worldwide. With a 31.1% share of the global market, Europe is the largest market for major producers of food flavors, followed by North America with a share of 27.8%.
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Despite the fact that food flavours are becoming more and more popular, the lack of consumer acceptability of artificial food flavours is posing a threat to the overall market’s growth. Although consumers worldwide are seeking out more nutrients in their diets, fierce competition, shifting preferences, and a lack of information may somewhat restrain the market growth of food flavours.
Moreover, the volatile cost of raw resources makes tastes in plant-based foods extremely sensitive. Plant-based food ingredients are made from raw materials like fruits, vegetables, and vegetable extracts. These raw materials’ prices fluctuate as a result of seasonality and weather factors, which also affects the final cost of the finished goods.
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Country-wise Insights
Which Country Accounts for the Largest Share in the Europe Food Flavors Market?
“Germany Food Flavors Market Leads the European Region”
The Germany food flavors market is set to witness significant growth at a value CAGR 5.4%. Rapid growth of the food & beverage segment in the country is offering promising opportunities of food flavor manufacturers.
Which Country Holds the Largest Share in the East Asia Market?
“China – Demand Hub for Food Flavors in East Asia”
China holds a major share in the East Asia market for food flavors. This is due to increasing demand for convenient foods and high usage of natural products in the food & beverage industry. Market growth in China is anticipated at 6% CAGR through 2032.
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Food Flavors Industry Research by Category
Food Flavors Market by Type:
Citrus Flavors
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- Orange
- Lemon
- Lime
- Grapefruit
- Others
Vegan Flavors
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- Vegetable
- Fruit
- Fusion
- Herbs & Spices
Dairy-derived Flavours
Food Flavors Market by Nature:
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- Natural Food Flavors
- Artificial Food Flavors
Food Flavors Market by Form:
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- Powder Food Flavors
- Liquid Food Flavors
Food Flavors Market by Application:
Food Industry
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- Bakery
- Confectionery
- Dairy & Desserts
- Snacks & Meals
- Others
Beverages
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- Alcoholic Beverages
- Non-alcoholic Beverages
Nutraceuticals
Foodservice Industry
Pharmaceuticals
Food Flavors Market by Region:
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- North America Food Flavors Market
- Latin America Food Flavors Market
- Europe Food Flavors Market
- East Asia Food Flavors Market
- South Asia Food Flavors Market
- Oceania Food Flavors Market
- Middle East & Africa Food Flavors Market
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About Food & Beverage Division at Persistence Market Research
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