Market Size and Growth:
According to a Persistence Market Research research titled “Flavor Carrier Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028,” the market for flavour carriers had a value of close to US$ 1.38 billion in 2018 and is expected to grow to US$ 1.85 billion by the end of 2028. From the anticipated year (2018) to the forecast year, there is expected to be a CAGR of 3.0% for the global flavour carriers market (2028).
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Important flavour carrier manufacturers:
The DuPont Tate & Lyle Bio Products Company, LLC, Givaudan, International Flavors & Fragrances Inc., Symrise, Sensient Technologies Corp., Döhler, Firmenich SA, Kerry Inc., LorAnn Oils, RIBUS, Gold Coast Ingredients Inc.,
Flavor Producers, LLC, Archer Daniels Midland Company, and Robertet SA are a few of the major companies profiled in the flavour carrier market report. To meet consumer demand, major players in the flavour carriers market are concentrating on strategic advancements, expansion and investments, and mergers and acquisitions.
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Global Flavor Carrier Market: Segmentation
Basis of type
- Flavor Emulsion
- Cloud Emulsion
Basis of source
- Acacia Gum
- Modified Starch
Basis of application
- Non-Alcoholic
- Alcoholic
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Global Flavor Carrier Market: Drivers
- Changing food consumption standards and preferences of global consumers are surging the demand for flavor carriers
- The increasing consumption of beverages, changing food consumption standards, and changing taste preferences of consumers have led to the demand for new tastes and quality products from the market. Growing technological advancement & innovation by food & beverages ingredients manufacturers is driving the market growth.
- Flavor carriers are the key ingredients used in food and beverage products used to enhance taste, texture, and color. The beverages industry is high on growth. New products are launched in the market every day. Most of the alcoholic and non-alcoholic beverages contain flavors, which are driving the flavor carriers market.
- Energy drinks, soft drinks, fruit juices, and alcoholic drinks contain high amount flavor carriers. Flavors such as meat flavors, vegetable flavors, clean-label flavors, and ultra clean flavors are used in the food industry in large amounts, which boosts the demand for flavor carriers.
- Increasing demand for convenience food products, growing demand for ready to drink beverages, and spending power of consumers on healthy and tasty food products
- With the growing purchasing power of consumers, coupled with busier lifestyle patterns, the demand for convenience food has been on a constant rise. This increased demand for convenience food can also be observed in the increased demand for bakery food products, fast food products, and desserts.
- The increase in demand for convenience foods can be observed more prominently in European countries and Asia Pacific, as the per capita expenditure on food increases with increased per capita income in this region. A major part of convenience foods are desserts, especially ice creams.
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