Artificial Flavor Market By Reports And Data
Artificial Flavors Market To Reach
USD 15.20 Billion By 2027
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Market Summary
Increasing demand for liquid artificial flavors, coupled with high
investments in R&D of artificial flavors, are fueling the market
growth.
Market Size – USD 9.47 Billion in 2018, Market Growth - CAGR of
5.3%, Market Trends – Increase in demand for artificial flavors in
the dairy & beverages applications.
The Global Artificial Flavors Market is forecast to reach USD
15.20 Billion by 2027, according to a new report by Reports and
Data. The artificial flavors or the synthetic flavors are the high
performance edible or non-edible additives composed of
synthetic or manmade proprietary chemical formulas owned by
the flavor companies that create those formulas. Chemists or
flavorists from different flavor manufacturing companies who
make the synthetic formulas try to innovate unique flavors with
distinctive odors or tastes. The unique formulations are kept top
secret by the manufacturing companies and are typically used in
the process of numerous product line-ups. The global artificial
flavors market is projected to drive significantly as the demand
for the artificial flavors in various edible & non-edible
applications is being propelled substantially.
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The continuous expansion of the food scent & coloring agents and high demand for new kinds of tastes with the
enormous innovation in the flavorings agents are expected to drive the growth for the food flavor market.
Asia Pacific region is forecasted to grow the fastest with the fastest rate of 6.1% in the period 2019 – 2027.
North America is expected to hold a significant position in the market due to a vast usage of the synthetic
flavors in the beverage applications. The United States has the highest number of market players, while China
has the highest market share worldwide.
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Key participants include International Flavors & Fragrances, Givaudan, Frutarom Industries Ltd.,
Firmenich SA, Robertet Group, T. Hasegawa Co., Ltd., Takasago International Corporation, Symrise AG,
Robertet Group, and MANE, among others.
For the purpose of this report, Reports and Data have segmented the global artificial flavors market on
the basis of the applications, form factor, type, End-Use, and region:
Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
•Dairy & Beverages
•Medicine
•Confectionery & Snacks
•Meats
•Others
Form Factor Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
•Liquid
•Powder
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Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
• Flavoring Tastes
• Flavoring Smell
• Flavoring Colors
• Mixed Flavoring Content
End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
• Edible
• Non-Edible
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
View press release for more information @ https://
www.globenewswire.com/news-release/2020/03/10/1998277/0/en/Artificial-Flavors-Market-To-Reach-US
D-15-20-Billion-By-2027-Reports-and-Data.html
About Us
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