Insights on the Flavoring Agents Market to 2026 – Business Analysis, Market Key Restraints, Key Drivers, Growth Analysis And Segmental insights By 2026 | Firmenich SA, Archer Daniels Midland Company ‘ADM’, Kerry Group plc
Flavoring agents are among the most significant additives used in foods and medicines in order to enhance the taste. They can be either naturally or synthetically obtained. Natural flavoring agents are substances such as essential oils, oleoresin, distillate, or any other essences acquired directly from natural products such as fruits, spices, animals, seafood, dairy, and others through a chemical process. The primary function of these agents is to provide flavor to eatables and not necessarily nutritional properties. On the other hand, synthetic or artificial flavoring agents are obtained by chemical processes from chemicals that are extracted from counterfeit products. Flavoring agents find applications in food and beverage processing, pet food, and pharmaceutical industry.
Flavoring agents have been in the market for quite a few years now. Although the sectors such as the pet food industry have adopted the product in the past decade, the food and beverage industry and the pharmaceutical industry have long been associated with the product. The product has reached the maturity stage for the food and pharmaceutical sector but has tremendous potential in the pet food industry. The common pet food additions include savory or meaty flavor, which is obtained chemically from some Pyrazines and sulfur compounds or extracted naturally using onions and garlic. The natural flavors are at the takeoff stage as stringent rules and regulations imposed by the government have led manufacturers to decrease the use of artificially flavored agents in food processing. In the recent past, synthetic flavoring agents, such as ethyl acrylate, benzophenone, and styrene, have been deemed as carcinogen-prone chemicals, thereby resulting in the replacement of artificial flavoring agents by natural flavors.
The demand for flavoring agents has risen tremendously over the past decade. The increase in the use of flavoring agents is not just because of the food industry, but also due to remarkable utilization in the pharmaceutical sector. Needless to say, with rising health awareness, people have become more conscious than ever about what goes into their food. In the light of good health, it is observed that consumers thoroughly check the label behind the food product before purchasing it. This awareness among consumers has compelled food and beverage manufacturers to use natural flavors over synthetic ones. Another significant driver for the flavoring agents market is its intensive usage in the pharmaceutical industry. The different types of flavors used in the medicines are sweetening agents, aromatic oils, flavored syrup, and synthetic flavors. North America is the world's largest market for pharmaceuticals, overtaking the markets of Europe and Japan. With the extensive utilization in the medicine market, the demand for flavoring agents has escalated beyond all expectations.
Nevertheless, there are some restraints that are hindering the market of flavoring agents. The primary reason for the downfall of the market is the side effects of the artificially flavored agents on consumers' health. There are some serious health problems budding out of certain chemicals that make up the natural and artificial flavors. For example, hydrogen cyanide content in the benzaldehyde compound can cause nervous system depression and convulsions. The dearth of natural resources and stringent regulations by various governments across the globe have caused the flavoring agents market to slope down. Apart from the aforementioned application, the flavoring agents are used heavily in the pet food industry. All of a sudden, the pet food industry has incorporated a variety of flavors in the food products in order to cater to the taste and health of animals. The pet industry has witnessed rapid growth in the past few years. According to the American Pet Products Association, about 85 million families own a pet, and this scale has gone up from 56% to 68% in the past 30 years. An increase in pet adoption has led to a drastic increase in pet food consumption, thereby surging the flavoring agents market in the USA.
Natural flavors are extracted from naturally-occurring products on earth, such as fruits, animals, spices, and others. On the contrary, synthetic flavors include artificially flavored agents, nature-identical flavors, and other smoke infused flavors, which are obtained from by-products or other chemical substances. Owing to low cost, easy availability and abundance, artificial flavors have continued to enwrap the flavoring agent market for some time. The rapid increase in the number of pet adoptions in America has led to a rise in requirements for animal pet food, thereby resulting in inflated demand for flavoring agents in that region. The American Pet Products Association (APPA) reported that in the year 2015, 77.8 million dogs and 85.6 million cats were adopted in the U.S.
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The Major Prominent Players Covered in this Report:
Firmenich SA, Archer Daniels Midland Company ‘ADM’, Kerry Group plc, Givaudan, Symrise AG, Sensient Flavours, Frutarom Industries, International Flavours and Fragrances Inc., Huabao International, Kerry Group, Takasago International Corporation, Keva Flavours Private Limited, and Robertet SA. & More.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Bakery and confectionery
Savory and snacks
Dairy and frozen products
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Flavoring Agents Market Trends:
- The report identifies, determines, and forecasts the Global Flavoring Agents Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Flavoring Agents Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Flavoring Agents Market.
Key Questions Answered in The Report:
What will the Flavoring Agents market growth rate?
What are the key factors driving the global Flavoring Agents market?
Who are the key manufacturers in the Flavoring Agents market space?
What are the market opportunities, market risk, and market overview of the Flavoring Agents market?
What are sales, revenue, and price analysis of top manufacturers of the Flavoring Agents market?
Who are the distributors, traders, and dealers of the Flavoring Agents market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Flavoring Agents Industry?
What are sales, revenue, and price analysis by regions of Flavoring Agents industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
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