Food Flavors Market by Application, Type - Global Forecast 2023 - PowerPoint PPT Presentation

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Food Flavors Market by Application, Type - Global Forecast 2023

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Food Flavors Market report categorizes the global market Form, Application (Beverages, Dairy, Confectionery, Bakery, Meat, Savory & Snacks), Origin (Natural and Artificial), Type (Chocolate & Browns, Vanilla, Fruits & Nuts, Dairy, Spices), and Region – PowerPoint PPT presentation

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Title: Food Flavors Market by Application, Type - Global Forecast 2023


1
MarketsandMarkets Presents
Food Flavors Market - Forecast to 2023
https//www.marketsandmarkets.com/Market-Reports/f
ood-flavors-market-93115891.html
2
The report "Food Flavors Market by Type
(Chocolate Browns, Vanilla, Fruits Nuts,
Dairy, Spices), Application (Beverages, Dairy,
Confectionery, Bakery, Meat, Savory Snacks),
Origin (Natural and Artificial), Form, and Region
- Global Forecast to 2023" The Food Flavors
Market Is Projected To Account for a Value of USD
17.1 Billion By 2023 High consumption of
processed food products among consumers has
encouraged manufacturers to opt for ingredients
that enhance the taste and texture. Manufacturers
are increasingly opting for a range of food
flavors to cater to the increasing preferences
and demands of customers. According to
MarketsandMarkets, the food flavors market is
projected to account for a value of USD 17.1
billion by 2023, recording a CAGR of
4.8. Browse 177 market data Tables and 53
Figures spread through 203 Pages and in-depth TOC
on "Food Flavors Market - Global Forecast to
2023 Asia Pacific accounted for the largest
share of the food flavors market in 2018. This
market is driven by increased awareness about
natural food flavor products among consumers and
inclination toward the health benefits provided
by natural food flavors. South America is
projected to be the fastest-growing market
between 2018 and 2023. Emerging economies such as
Brazil and Argentina play an important role in
supplying food flavors. The demand for food
flavors is increasing in the emerging economies
of South America due to the growth of the
processed food industry. The major restraining
factor for the food flavors market is the
availability of natural flavors. Another factor
could be the stability of natural flavors, which
changes with fluctuations in atmospheric or
processing conditions such as pH, temperature,
and light. Download PDF Brochure
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id93115891
3
  • The Fruits Nuts Segment To Hold the Largest
    Share in the Food Flavors Market During the
    Forecast Period
  • Increasing demand for protein-rich food products
    among consumers has encouraged retail outlets to
    allocate shelves to a range of desserts, energy
    bars, beverages, and bakery products. As the
    demand for various bakery and protein-rich
    products increase, manufacturers are investing in
    fruits nuts to enhance the quality of food
    products and increase their nutrient quotient.
    Due to these factors, the fruits nuts segment
    is projected to account for the largest share in
    the food flavors market during the forecast
    period.
  • The Demand for Food Flavors To Remain
    Concentrated in the Beverage Segment During the
    Forecast Period
  • With the increasing inclination toward
    health-enriching and energy-boosting beverage
    products, manufacturers are modifying their
    recipes to include nutrition-dense ingredients.
    Also, consumers are more willing to try new
    flavors offered in beverages, which has
    encouraged manufacturers to develop innovative
    flavors and new products. Due to these factors,
    the demand for food flavors is projected to
    remain concentrated in the beverage segment
    during the forecast period.
  • International Flavors Fragrances (US), Givaudan
    (Switzerland), Firmenich (Switzerland), Frutarom
    (Israel), and Symrise (Germany) are some of the
    leading players operating in the food flavors
    market. Key players in this market are opting for
    strategies such as expansions, new product
    launches, and partnerships to improve their brand
    image.
  • Make an Inquiry https//www.marketsandmarkets.com
    /Enquiry_Before_BuyingNew.asp?id93115891

4
Drivers 1. Consumer inclination toward
clean-label and organic products drives the
natural food flavors market Marketing using a
clean label is common in the natural flavors
industry. With rising health awareness, consumers
are moving towards natural food products. Natural
flavors offer varied health benefits and are
widely accepted by consumers who are ready to pay
premium prices for natural foods. It has been
observed that a majority of the population
thoroughly checks the label of a product before
buying it. This awareness among consumers has
prompted manufacturers to undertake the
replacement of synthetic flavors with natural
flavors. 2. Technological advancements Companies
are adopting new technologies to produce better
varieties of natural and synthetic flavors for
more stability and suitability. For instance,
flavors of tropical fruits are lost during
processing. Therefore, to retain its flavor,
manufacturers are inventing advanced
technologies. The extraction of flavors is a
complicated task. Supercritical carbon dioxide is
used to extract flavors and is a harmonized
technique adopted by manufacturers. Lycopene,
beta-carotenoids, vanilla, and essential oils,
along with several other flavors are extracted
using SLE technology. Solid-liquid extraction
(SLE) is an advanced technology that extracts 90
of the natural flavor. Supercritical fluid
extraction is the most advanced extraction
technology, performed at a high-pressure
level. Request Sample https//www.marketsandmark
ets.com/requestsampleNew.asp?id93115891  
5
Restraints 1. Lower stability limited
availability of natural flavors Conventionally,
natural flavors, being perishable in nature, are
unstable during processing, handling, and storage
when compared to synthetic flavors. They are
unstable to variations in pH, temperature, and
light. Natural flavors are volatile to heat, and
at higher temperatures, there is a possibility
that the flavor will be lost. 2. Side-effects of
added flavors, both natural and synthetic There
are major health effects of a few chemicals that
make up natural and artificial flavors. For
instance, the benzaldehyde compound contains
hydrogen cyanide, which can cause central nervous
system depression and convulsions. Several
synthetic flavors made with amyl acetate (pear
and banana) may cause indigestion, chest pain,
headaches, fatigue, and irritate mucus
membranes. Opportunities 1. Emerging markets
increasing spending power An increase in the
working population and the dominance of nuclear
double-income families, especially in urban areas
are trends that affect existing consumer
lifestyles. Development in living standards has
also contributed to the development of the
convenience food market. Speak to Analyst
https//www.marketsandmarkets.com/speaktoanalystNe
w.asp?id93115891  
6
  • 2. Innovative raw material sources
  • The consumption of natural foods is becoming a
    trend, and the food industry strives to introduce
    new sources of flavors. Castoreum extract, a
    natural flavoring that is obtained from the anal
    glands of a beaver, is used as a natural flavor
    in beverage, confectionery, dairy, and desserts.
    Knowledge regarding the biogenesis of plant
    volatiles, their enzymes and genes, will pave the
    way for the production of innovative food
    flavors.
  • Challenges
  • Compliance with quality and regulatory standards
  • The food flavors industry faces a legal
    obligation to abide by the norms and standards of
    various regulatory standards. These regulatory
    standards vary by country however, they have a
    common goal of ensuring the safety of consumers.
    The regulations set by different countries also
    emphasize on the usage of flavors and proper
    labeling of food products. These stringent
    regulations can delay or prevent the launch of
    new products, increase the prices of any new
    product introduced in the market, and may lead to
    product recalls. Therefore, implementation of new
    regulations and modifications in the existing
    regulations negatively affect the growth of the
    market.
  • Request for New Version https//www.marketsandmar
    kets.com/RequestNewVersion.asp?id93115891 

7
Contact Us
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.comBlog _at_
https//mnmblog.org/market-research/agriculture Co
nnect with us on LinkedIn _at_ http//www.linkedin.co
m/company/marketsandmarkets
8
About MarketsandMarkets
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research on 30,000 high growth niche
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