What’s contributing in Flavouring Agents Market growth in near future? Key Participants are Givaudan, Firmenich, Symrise AG, Sensient Technologies Corporation

Global Market Insights, Inc. provides a detailed overview of Flavouring Agents Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Increasing production of processed food products and beverages has proliferated flavouring agents market share, owing to evolving consumer lifestyles and the consistent demand for all sorts of snacks, confectionaries as well as alcoholic and non-alcoholic drinks. Consumption trends can differ according to specific geographical areas, such as products mainly suited for Asian countries may not always be acceptable in Europe.

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Key profiles in this industry:
• Givaudan
• International Flavors & Fragrances
• Firmenich
• Symrise AG
• Sensient Technologies Corporation
• MANE
• Takasago International Corporation
• T. Hasegawa
• Robertet

The diversity in taste preferences and categories of food or beverages consumed offers considerable growth opportunities to the flavouring agents industry. Soaring inclination of health conscious people towards beverages containing natural flavors will stimulate notable R&D efforts among industry players.

A prominent driver for the natural flavouring agents market has been the support from regulators and food safety agencies with regards to the specification and application of numerous flavors in different product types. The U.S. FDA, for instance, has issued a list of natural flavors and adjuvants that can be safely used in processed food, alcohols and other consumables. Under FDA’s support, the Flavor and Extract Manufacturers Association of the U.S. researches the safety of available flavors and consists of ingredient suppliers, flavor users and other associated parties. It is aimed at ensuring a continuous supply of safe flavor substances for use in the country, enormously boosting the regional flavouring agents industry.

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It is believed that worldwide, consumers are now more mindful of the ingredients present in their drinks and their functional value, making it imperative to not only include natural substances in them but also to provide a clear and informative labelling. From fruit juices and coffee flavored beverages to soft drinks, natural flavors are being used to meet the growing expectations of people and delivering innovative, health-friendly products. Apparently, enhancing the taste of nutritious drinks would influence customers to buy them more often, while doing so with natural ingredients will guarantee a wider consumer base for them. According to the European Association of Juice Manufacturers, around 9.18 billion liters of fruit juice was consumed in the region in 2017, indicating tremendous prospects for the natural flavouring agents market.

Beverage giants like Coca-Cola, Dr Pepper and Pepsi have supposedly taken major steps to adopt naturally-sourced substances and sweeteners to improve the taste and address health concerns related to their products. The flavouring agents market can be expected to witness significant demand from major soft drink manufacturers over the coming years, attributed to the fact that Coca-Cola alone sells more than 1.9 billion drinks all over the world every day . In addition, natural ingredients seem to allow development of high-quality brewery products, an area which has been one of the most promising segments for the flavouring agents industry globally.

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Essentially, producers of beer and other alcoholic drinks can take advantage of natural agents to achieve required properties like natural colors and fruity taste, to offer consumers an inimitable sensory experience. Breweries can develop products with popular tastes like ginger, lemon, grapefruit, among others, using plant-derived flavors. The beer, wine and spirits industry is one of the prominent GDP contributors across the world, understandably becoming a vital revenue source for the natural flavouring agents market. Demonstrating the massive prospects for suppliers of natural flavors, U.S. itself boasted of over 5,600 breweries in 2017 and domestically sells more than $119.3 billion worth malt beverages and beer annually.

All in all, anticipated to reach a global valuation of over $21.2 billion by 2025, the flavouring agents market will amass remarkable proceeds from the application of natural flavors in beverage production. Firmenich, Frutarom Industries, Givaudan, International Flavors & Fragrances Inc., Sensient Technologies, Symrise AG and Takasago International are some of the key industry participants continuously seeking to expand the reach of their innovative products.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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