Food Flavors Market Study on Top Trending Applications for Meat, Beverages, Dairy, Confectionery, Bakery, Savory & Snacks to 2023 - Rear Excessive Growth Estimated by Key Players Givaudan (Switzerland), Frutarom (Israel) and Sensient (US)

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Report segments food flavors market based on type, application, form, origin, & region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis, & company profiles—which together comprise & discuss basic views on emerging & high-growth segments of food flavors market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, & challenges.

The global food flavors market is estimated at USD 13.56 billion in 2018 and is projected to grow at a CAGR of 4.8%, to reach USD 17.10 billion by 2023. Factors such as the growing inclination toward clean-label products and technological introductions to flavors such as microencapsulation and non-thermal techniques have been driving the flavors market.

Premium Insights
1 Opportunities in the Food Flavors Market
2 Food Flavors Market, By Key Country
3 Food Flavors Market, By Type & Region
4 Developed vs Developing Markets for Food Flavors
5 Food Flavors Market, By Application & Region
6 Food Flavors Market, By Form
7 North America: Food Flavors Market, By Origin & Country, 2017

Based on application, the beverages segment is projected to be the fastest-growing during the forecast period. Beverages such as energy drinks are in demand due to their health benefits. Consumption of beverages is increasing in developing economies due to the increase in disposable income in these countries.

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South America is projected to be the fastest-growing market between 2018 and 2023. Improvements in the food export and import industry have opened new opportunities for the food &beverage industry, leading to the growth of the food flavors market in this region. Emerging economies such as Brazil and Argentina play an important role in supplying food flavors.

Food flavors market, on the basis of application, is segmented into beverages, dairy, confectionery, bakery, meat, and snacks & savory. Beverages segment accounted for largest share in 2018, followed by snacks & savory products. Beverages such as carbonated, non-carbonated, and health drinks accounted for a larger share of the food flavors market.

Break-up of Primaries:
• By Company Type: Tier 1 - 28%, Tier 2 - 33%, and Tier 3- 39%
• By Designation: C-level Executives–49%, Director-level –21%, and Others* - 30%
• By Region: Asia Pacific- 35%, North America – 25%,Europe - 25%, South America- 5%, and RoW – 10%

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Fruits & nuts segment is projected to grow at the highest CAGR. The food processing industry is growing in developed as well as emerging economies. The industry is contributing significantly to the GDP of emerging countries, owing to which the governments of these countries are also launching favorable policies for market growth. This factor is, in turn, driving the market for food flavors across the world.

Reasons to buy this report:
• To get a comprehensive overview of the food flavors market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the key countries/regions in which the food flavors market is flourishing

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