Flavoring Agents Market size is expected to reach nearly US$ 6.82 Bn by 2029 with a CAGR of 5.8% during the forecast period.Flavoring Agents Market Overview:
The flavoring agents market is valued at 4.33 Billion by 2021. The global flavoring agents market is expected to reach US$ 6.81 Billion by 2029 at the CAGR (compound annual growth rate) of 5.8 % in the given forecast period, which is of 2021-2029.To know about the Research Methodology :- Request Free Sample Report With the rising consumption of processed and ready-to-eat food in both developed and emerging nations, the global flavouring agents market is likely to see considerable growth over the forecast period. Flavoring agents are used to improving the quality of food, particularly in products that have lost their natural flavour over time.
Flavoring Agents Market Dynamics:
Increasing demand for processed foods and beverages and growing consumer demand for nutritious foods, healthy food with high nutrients will increase the market share of flavoring agents. Due to the improvement of living standards and purchasing power, the rapid expansion of the ready-to-eat food industry will supplement business growth in the next few years. Key advantages such as enhanced taste, aroma, and flavor in numerous food and beverage applications will provide strong prospects for industry growth during the forecast period. The growth in consumption of non-alcoholic beverages in the United States is a key factor driving market expansion. For example, according to the US Centers for Disease Control and Prevention, from 2017 to 2021, water accounted for 51.2% of the total daily non-alcoholic beverage intake of adults, of which fruit juice (5.5)%, coffee (14.8)%, milk (5.4)%, sugary beverages (10.2)%, tea (8.7)%, and diet drinks (3.8)%. High cost and expensive raw materials are the major restraints of the flavoring agent market. The cost is associated with the production of flavoring related to raw materials and strict regulation for labeling and cleaning products can slow the growth of the flavoring agent industry. The growth of the flavoring agent’s system market is hampered by the side effects associated with the use of synthetic flavoring agents in the coming years. The high initial investment required to enter the beverage flavoring system market is the main factor that may limit the market growth. In addition, strict health-related regulations are another factor that is expected to limit the growth of the target market to a certain extent, posing a major challenge to the beverage processing industry.Flavoring Agents Market Segment Analysis:
The Flavoring Agents Market is segmented into by type, application and distribution channel.
On the basis of type, the global flavoring agents market is sub-segmented into Natural flavor, and artificial flavor. The artificial flavor segment has held more than 50% share of the total industry share in 2021. Flavors are an important part of the food & beverage industry because any beverage, alcoholic or non-alcoholic, has a different flavor. The demand for artificial flavor segment is increasing because it has available easily and everywhere, low cost, increased consumption of fortified drinks, carbonated drinks which have higher nutritional values, been changing and busy lifestyle many people like to eat or drink ready to eat food. Due to all these reasons, the demand for artificial segments has increased. On the basis of application, the global flavoring agents market is sub-segmented into, Bakery & Confectionery, Beverage, Pharmaceutical, and Others. The beverage segment has held a large share of 5.8% in 2021. The demand for this segment is increasing due to its intensive use of flavor in hot beverages, alcoholic beverages, juices, nutritional drinks, and carbonated soft drinks. Increasing consumption of beverages, changing the lifestyle of the adult population in emerging countries. Additionally, the strong demand for processed organic beverages is the major growth factor in the beverage industry. On the basis of distribution channels, the global flavoring agents market is sub-segmented into Offline channels and online channels. The online channel segment has held the largest share xx% of the global market in 2019, owing to increase internet penetration, changing lifestyle, quick availability of a product, increasing use of smartphones, The online channel is one of the best platforms for all the consumer now everyone is busy in their own life, so they don’t have enough time to go shop and buy the product. So instead of that consumers can order products online, so people are also saving their own time.Flavoring Agents Market Regional Insights:
APAC has the largest market in the world with xx% of the share in 2019, owing to the increasing population for processed food and beverage, increased demand for premium products, increasing health awareness among people, rising new strategy and technology, increasing hotels and restaurant industry. Additionally, the growing demand for organic products and clean products is responsible to drive the growth of the flavoring agent market. Europe held more than 25% of the share of the total market in 2021. The globalization of European industries has increased the need for the flavoring of a food processing industry. Increasing demand for low-alcohol, low fat, low salt food is the key factor that helping for growing the flavoring agents market. The flavor varies by country and region, manufacturers are focused on the quality of the product, and that helps for growing the market. The objective of the report is to present a comprehensive analysis of the global flavoring agents market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global flavoring agents market dynamics, structure by analyzing the market segments and project the global flavoring agent’s market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global flavoring agents market make the report investor’s guide.Flavoring Agents Market Scope: Inquire before buying
Global Flavoring Agents Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 4.34 Bn. Forecast Period 2022 to 2029 CAGR: 5.8% Market Size in 2029: US $ 6.82 Bn. Segments Covered: by Type • Natural flavor • Artificial flavor by Application • Food Processing • Bakery & Confectionary • Beverage • Pharmaceutical • Others by Distribution channel • Offline Channel • Online Channel Flavoring Agents Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaFlavoring Agents Market Key Players
• Givaudan • Firmenich • International Flavors & Fragrances Inc. • Symrise AG • Archer Daniels Midland • Sensient Technologies • ICC Industries Inc. • Mane SA • Robertet Group • Takasago International Corporation • Kerry Group • T. Hasegawa Co. Ltd. • Huabao International Holdings Ltd. • Keva Flavours Pvt. Ltd. • Flavorcan International Ltd.Frequently Asked Questions:
1. Which region has the largest share in Flavoring Agents Market? Ans: North America holds the highest share in 2021. 2. What is the growth rate of the Flavoring Agents Market? Ans: The Flavoring Agents Market is growing at a CAGR of 5.8 % during the forecasting period 2022-2029. 3. What segments are covered in Flavoring Agents Market? Ans: Global Flavoring Agents Market is segmented based on type, Application, Distribution channel and Region. 4. Which are the key players in the Global Flavoring Agents Market? Ans: The important key players in the collapsible tubes packaging market are Givaudan, Firmenich, International Flavors & Fragrances Inc., Symrise AG, Archer Daniels Midland, Sensient Technologies, ICC Industries Inc., Mane SA, Robertet Group, Takasago International Corporation, Kerry Group, T. Hasegawa Co. Ltd., Huabao International Holdings Ltd., Keva Flavours Pvt. Ltd., and Flavorcan International Ltd. 5. What is the study period of this market? Ans: The Global Flavoring Agents Market is studied from 2021 - 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Flavoring Agents Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Flavoring Agents Market 3.4. Geographical Snapshot of the Flavoring Agents Market, By Manufacturer share 4. Global Flavoring Agents Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Flavoring Agents Market 5. Supply Side and Demand Side Indicators 6. Global Flavoring Agents Market Analysis and Forecast, 2021-2029 6.1. Global Flavoring Agents Market Size & Y-o-Y Growth Analysis. 7. Global Flavoring Agents Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 7.1.1. Natural flavor 7.1.2. Artificial flavor 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Food Processing 7.2.2. Bakery & Confectionary 7.2.3. Beverage 7.2.4. Pharmaceutical 7.2.5. Others 7.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 7.3.1. Offline Channel 7.3.2. Online Channel 8. Global Flavoring Agents Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Flavoring Agents Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2021-2029 9.1.1. Natural flavor 9.1.2. Artificial flavor 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Food Processing 9.2.2. Bakery & Confectionary 9.2.3. Beverage 9.2.4. Pharmaceutical 9.2.5. Others 9.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 9.3.1. Offline Channel 9.3.2. Online Channel 10. North America Flavoring Agents Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Flavoring Agents Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 11.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 12. Canada Flavoring Agents Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 13. Mexico Flavoring Agents Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 14. Europe Flavoring Agents Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 15. Europe Flavoring Agents Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Flavoring Agents Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 16.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 17. France Flavoring Agents Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 18. Germany Flavoring Agents Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 19. Italy Flavoring Agents Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 20. Spain Flavoring Agents Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 21. Sweden Flavoring Agents Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 22. CIS Countries Flavoring Agents Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 23. Rest of Europe Flavoring Agents Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 24. Asia Pacific Flavoring Agents Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 25. Asia Pacific Flavoring Agents Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Flavoring Agents Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 26.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 27. India Flavoring Agents Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 28. Japan Flavoring Agents Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 29. South Korea Flavoring Agents Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 30. Australia Flavoring Agents Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 31. ASEAN Flavoring Agents Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 32. Rest of Asia Pacific Flavoring Agents Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 33. Middle East Africa Flavoring Agents Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 34. Middle East Africa Flavoring Agents Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Flavoring Agents Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 35.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 36. GCC Countries Flavoring Agents Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 37. Egypt Flavoring Agents Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 38. Nigeria Flavoring Agents Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 39. Rest of ME&A Flavoring Agents Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 40. South America Flavoring Agents Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 41. South America Flavoring Agents Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Flavoring Agents Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 42.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 43. Argentina Flavoring Agents Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 44. Rest of South America Flavoring Agents Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Test, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Flavoring Agents Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Givaudan 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Firmenich 45.3.3. International Flavors & Fragrances Inc. 45.3.4. Symrise AG 45.3.5. Archer Daniels Midland 45.3.6. Sensient Technologies 45.3.7. ICC Industries Inc. 45.3.8. Mane SA 45.3.9. Robertet Group 45.3.10. Takasago International Corporation 45.3.11. Kerry Group 45.3.12. T. Hasegawa Co. Ltd. 45.3.13. Huabao International Holdings Ltd. 45.3.14. Keva Flavours Pvt. Ltd. 45.3.15. Flavorcan International Ltd. 46. Primary Key Insights