Market Synopsis of Food Flavors:

The Global Food Flavors Market size is projected to reach approximately USD 18.51 billion by 2024 and is expected to register 4.2% CAGR during the forecast period, 2019–2024.

Food Flavor is considered as food additives or ingredients which are used commercially in food and beverages and in various other applications. Flavor indicates the sensory impressions of food or any other substance that is determined by chemical senses of taste and smell. It is the sensual impression of food or other applications such as beverages, cosmetic & personal care, nutraceutical and other end-use applications.

The Global Food Flavors Industry  is anticipated to be driven by the mounting growth of disposable income of the consumers and increasing middle income population group in the developing economies which in turn accelerates the sales of food flavors during the forecast period of 2017-2023. Moreover, ready to cook such as noodles and pasta and confectionery products has been performing extremely well over the last few years which is anticipated to be one of the significant factors of the rising growth of food flavors. Also, ready to eat food manufacturers are coming up with various new food products in a different flavor that in turn escalates the sales of flavors soon. Also, food flavor manufacturers can penetrate their business into developing economies of Asia Pacific in order to enhance the overall revenue of the company.

Key Players

The key players profiled in the food flavors market are Givaudan SA (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances Inc. (U.S.), Symrise AG (Germany), Takasago International Corporation (Japan), Wild Flavors, Inc. (U.S.), Mane SA (U.S.), Sensient Technologies Corporation (U.S.)

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Intended Audience

• Food Flavors manufacturers
• Raw material suppliers
• End users (food industry)
• Retailers and wholesalers
• E-commerce companies
• Traders, importers and exporters

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Regional Analysis

Global Food Flavors Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, Europe is estimated to retain its dominance throughout the forecast period of 2017-2023. The increasing consumer awareness towards anti-aging products and healthy drinks are one of the significant reasons for the rising growth of food flavors products in the European market over the last decade. North America is estimated to account for above 25% of market proportion during the review period of 2017-2023. However, Asia Pacific region is estimated to witness a maximum growth in the global food flavors market during the forecast period of 2017-2023.

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Market Synopsis of Food Flavors:

The Global Food Flavors Market size is projected to reach approximately USD 18.51 billion by 2024 and is expected to register 4.2% CAGR during the forecast period, 2019–2024.

The Global Food Flavors Industry is anticipated to be driven by the mounting growth of disposable income of the consumers and increasing middle income population group in the developing economies which in turn accelerates the sales of food flavors during the forecast period of 2017-2023. Moreover, ready to cook such as noodles and pasta and confectionery products has been performing extremely well over the last few years which is anticipated to be one of the significant factors of the rising growth of food flavors. Also, ready to eat food manufacturers are coming up with various new food products in a different flavor that in turn escalates the sales of flavors soon. Also, food flavor manufacturers can penetrate their business into developing economies of Asia Pacific in order to enhance the overall revenue of the company.

Key Players

The key players profiled in the food flavors market are Givaudan SA (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances Inc. (U.S.), Symrise AG (Germany), Takasago International Corporation (Japan), Wild Flavors, Inc. (U.S.), Mane SA (U.S.), Sensient Technologies Corporation (U.S.)

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Key Findings:

Asia Pacific is projected to witness a massive growth during the forecast period of 2017-2023. China and India is estimated to create a favorable environment for the increasing growth of Asia Pacific region.

Regional Analysis

Global Food Flavors Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, Europe is estimated to retain its dominance throughout the forecast period of 2017-2023. The increasing consumer awareness towards anti-aging products and healthy drinks are one of the significant reasons for the rising growth of food flavors products in the European market over the last decade. North America is estimated to account for above 25% of market proportion during the review period of 2017-2023. However, Asia Pacific region is estimated to witness a maximum growth in the global food flavors market during the forecast period of 2017-2023.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

After proving its mettle in the cryptocurrency world, Blockchain (BC), a distributed open ledger technology, has started disrupting other industries such as healthcare, automotive, BFSI, transportation, etc. In the agri-food industry, where the supply chain is a vital part of the industry, BC-based solutions facilitate trust and acceptability.

The outbreak of food-borne illnesses, food frauds and mishandling of produce, has only added to the need for developing track and trace solutions, available with a BC-enabled solution.

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Over the years, BC technology has grown and has had a positive influence on the agri-food industry. This trend can only be expected to strengthen over time.

BC solutions for the agri-food industry range from managing food wastes to cost reduction. It has also addressed solutions for crop insurance, fair-trade practices, and established a direct contact between consumers and producers.

This report includes a comprehensive analysis of the adoption of BC technology in the agri-food industry, and highlights the major trends and opportunities across the ecosystem.

Blockchain Impact and Adoption Trend Analysis

This section of the report identifies the segments of the agri-food industry from the perspective of BC technology. This includes a summary of the structure and ecosystem, foundational elements, types of BC and their uses, and a detailed analysis of the impact of this technology on the agri-food industry as a whole.

The section also provides a detailed analysis of the various use cases and applications of BC in agri-food, its benefits, implementation challenges, and the expected timeline for its adoption in agri-food. Moreover, it highlights the future business models and opportunities that are anticipated to arise from the adoption of BC.

The report “Agri-Food Industry” is available now at   https://www.radiantinsights.com/research/blockchain-adoption-in-agri-food-industry

Competitive Analysis

This section lists the top startups and technology companies that are making their mark in the industry. Some of the top companies that are focused on agri-food services through BC-enabled agri-food solutions - track and trace, commodity trading and marketplace, asset management, insurance management, etc. - have been profiled in detail. The section also addresses and provides answers to questions pertaining to product offerings and technologies, key developments, funding activities, and an outlook that will define the future of BC in the agri-food industry.

Some of the top technology companies included and profiled in the report are IBM, SAP, Microsoft, Accenture, and AWS. Some of the startups profiled include AgriDigital, WorldCover, Foodlogiq, Indigo Agriculture, and Provenance.

Market Scenario

Allergen Free Food Products have moved from specialty item to mainstream in a very short span of time. Furthermore, increasing incidence of Celiac diseases (gluten-sensitive enteropathy) is driving the growth of gluten-free food products which in turn boosts the growth of allergen free food products market. Moreover, lactose intolerance is observed among every third individual, usually in the developed countries which is boosting the growth of lactose-free food products further.

Rising cases of allergies and sensitivity towards certain food ingredients is driving the growth of the Global Allergen Free Food Products Industry at a global level. Many individuals are allergic to gluten, lactose or unable to consume high calorie products due to diabetes which has influenced the food manufacturers to produce allergen free food products. These products have become a necessity rather than option among a large group of population which is coupled with the inclination of consumers towards allergen free products owing to their health benefits.

Segmentation

On the basis of type, allergen free food products is segmented into gluten-free, lactose-free, diabetes food, and others. Among all, lactose-free segment is dominating the market followed by gluten-free segment. However, increasing cases of diabetes among the population is driving the growth of diabetes food products market over the forecast period.

Based on the packaging material, allergen free food products market is segmented into glass, plastic, metal, paper, and others. Among all, paper and plastic segment are witnessed to be the fastest growing segments.

Based on distribution channel, allergen free food products market is segmented into store based and non-store-based distribution channel. Among them, store-based distribution channel is dominating the market. Availability of a wide range of products followed by convenience of finding all products under one roof is driving the growth of this segment.

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Regional Analysis

The global allergen free food products market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market followed by Europe. Growing cases of diabetes and lactose intolerance among the U.S. population is majorly driving the growth of allergen free food products market in this region. In Europe, Germany, France and Belgium are the major contributors of allergen free food products market.

North America is dominating allergen free food products market and is expected to have a substantial growth over the forecast period 2017-2023. The U.S. is a major contributor to the growth of the allergen free food products market. According to the American Diabetes Association, 9.4% of the U.S. population are diabetic patient which is boosting the growth of allergen free food products market in this region. Moreover, the U.S. holds about 25% of the global lactose intolerants which makes it a major market for lactose free products. 

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Key Players

Some of the key players profiled in the global allergen free food products market are Abbott Laboratories (U.S.), Nestle (Switzerland), Danone SA (France), General Mills (U.S.), Kellogg Co. (U.S.), Kraft Heinz Company (U.S.), Mead Johnson Nutrition Company (U.S.), Boulder Brands, Inc. (U.S.)

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Market Highlights

Pets require essential nutrients such as proteins, vitamins, and minerals to stay strong and healthy. Concern for a healthier lifestyle, fewer digestive disorders, high energy level, healthy weight, and longer lifespan in pets are few of the key drivers boosting the growth of pet food ingredients market. The ingredients used in pet food are available in raw form, and the further processing is done by the pet food processors.

The Pet Food Ingredients Market has been segmented by ingredients into meat & meat products, cereals, vegetables, fats, and additives. Meat & meat products segment generate the most revenue in the market owing to the enhanced palatability and acceptability of meat-based pet food. Meat is a good source of glucosamine, chondroitin, vitamins, and protein, among others, that help in brain development, bone health, and immune system of pets.

Pet food ingredients market is segmented by pet into dog, cat, fish, and others. The dog segment is generating the maximum revenue in the market, owing to the rising adoption of different breeds of dogs worldwide. Dogs need extra nutritional values than other pets in terms of health and performance thereby boosting the growth of dog food ingredients market.

Regional Analysis

Geographically, North America is witnessed to hold the maximum share in the global pet food ingredients market owing to the rising demand for healthier pet diet. With increasing pet humanization, health concern among pet owners for pets have also increased in this region. Europe contributes a healthy revenue share towards global pet food ingredients market owing to the rising pet adoption. Majority of the households in this region own at least one pet and consider every possible measure to take care of these pets.

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Asia-Pacific is expected to be the fastest growing market for pet food ingredients owing to the increasing adoption of pets that mainly include cats. Pet Fair Asia is the largest annual trade show of animal supplies and aquariums in Asia. Such exhibitions boost the demand for pet food ingredients in the region.

Key Players

Some of the key players in the global pet food ingredients market are Archer Daniels Midland Co. (US), DSM N.V. (The Netherlands), Cargill, Inc. (US), BASF SE (Germany), Ingredion, Inc. (US), Roquette Frères (France), SunOpta (Canada), DowDuPont, Inc. (US), Omega Protein Corp. (US), and John Pointon & Sons Ltd. (UK).

Segmentation

The global pet food ingredients market has been segmented into ingredient, pet, form, source, and region.

The market based on ingredient has been segmented into meat & meat products, cereals, vegetables, fats, and additives.

The market, by pet, has been segmented into dog, cat, fish, and others.

The market, by form, has been segmented into dry ingredients and liquid ingredients.

The market, by source, has been segmented into plant based, animal based, and synthetic.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.