The global food flavoring market will reach $ 19.22 billion by 2030:

Portland, OR, December 14, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the food flavor market generated $ 12.71 billion in 2020 and is expected to reach $ 19.22 billion by 2030, registering a CAGR of 3.6%. The report offers in-depth analysis of the market size, emerging and current trends, future estimates, and key players.

Rising demand for RTE meals and fast food restaurants, increasing usage of health products, increasing income levels and technological advancements are fueling the global food flavoring market. On the contrary, the increase in side effects of artificial flavors, strict government regulations and increased consumer health awareness are hampering the growth of the market. On the contrary, opportunities in emerging unpenetrated and underpenetrated countries create lucrative market opportunities.

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COVID-19 Scenario:

  • The pandemic has caused the partial or complete shutdown of food flavoring industries, which has had a negative impact on the global food flavoring market.
  • Disrupted supply chains and a lack of sufficient manpower have affected the production process.

The report segments the global food flavoring market on the basis of type, end-user, and region.

On the basis of type, the synthetic segment contributed the highest market share in 2020, attributing over three fifths of the total market share, and is expected to dominate the market during the forecast period. On the other hand, the natural segment is expected to post the fastest CAGR of 4.5% from 2021-2030.

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On an end-user basis, the beverage segment contributed the highest market share in 2020, attributing nearly a third of the total market share, and is expected to dominate during the forecast period. . On the other hand, the savory products and snacks segment should exhibits the fastest CAGR by 5.2% from 2021-2030.

Based on region, Asia-Pacific, followed by North America, contributed the highest share in 2020, holding nearly a third of the total share, and is expected to lead over of the forecast period. The global food flavoring market in the Asia-Pacific region is expected to display the fastest CAGR of 4.6% during the forecast period.

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The major players of the global food flavoring market analyzed in the research include Frutarom Industries Ltd., Firmenich SA, Huabao International Holdings Limited, Givaudan International SA, Kerry Group, Plc., SH Kelkar and Company Limited., Robertet SA, Symrise AG, Sensient Technologies Corporation and Takasago International Corporation.

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About Us

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We have professional relationships with various companies which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to be successful. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.


        
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