Press release
Food Flavors Market is set to witness CAGR of 4.9% and reach close to US$ 20 Bn by 2032
The consumption pattern of consumers is shaping toward healthy and natural food ingredients, which is subsequently impacting the food flavor category. Consumer preference is inclining toward new and innovative flavor profiles, which is pushing manufacturers to launch new flavors in order to satisfy rapidly changing consumer taste and retain existing customers.
Request For Free Sample Report - https://www.persistencemarketresearch.com/samples/32024
Citrus flavors are becoming the best solutions in the food and beverage industry. Citrus flavors have several health benefits with highly sensory taste and appearance, and thus, citrus flavors are the most preferred ingredients by food & beverage manufacturers around the world.
In some regions, such as Asia Pacific, the Middle East, and Africa, consumers' discretionary income is rising, making it easier for them to try out unique and innovative food products made with ingredients such as food flavors. These food flavors help in the manufacturing of products with less fat and sugar, and impart health-promoting properties that attract health-conscious customers.
Major market players are focusing on acquisitions and mergers to expand their product portfolios and increase their regional as well as international presence. These strategic alliances by key players would also drive market growth of food flavors.
Request For Report Customization - https://www.persistencemarketresearch.com/request-customization/32024
Key Takeaways from Market Study
The market for food flavors is expected to expand at CAGRs of 5.3% and 4.3% in countries of Latin America and the Middle East & Africa, respectively, during the forecast period.
Market volume share of East Asia and Oceania is 15.7% and 2.2%, respectively, in 2022.
The European food flavors market is currently pegged at 292,855 tons.
Growing consumer preference for healthy and nutritious beverages is driving the sales of food flavors across global markets. Based on type, the dairy-derived segment is expected to expand at a value CAGR of 5.9%.
Although by end use the beverages segment holds the highest market share, the nutraceutical segment is set to expand faster at a CAGR of 7%.
Based on form, volume of liquid food flavors is currently pegged at 7,338 tons.
"Manufacturers of food flavors will achieve broad profits by targeting food and beverage producers. Another potential development is the launch of new and innovative flavor profiles by market players," says a Persistence Market Research analyst.
Competitive Landscape
Companies are focusing on acquisitions to expand their product portfolios and manufacturing capabilities. They are also investing in research & development by utilizing cutting-edge manufacturing techniques and technologies. This helps them develop new flavors and products in order to obtain a competitive advantage.
In June 2020, Edlong expanded its line of authentic dairy-based flavors by focusing on sensory features, applications, and R&D. The line includes products such as authentic cheese, sour cream, and buttermilk flavor profiles that are sourced from real dairy and offer multiple benefits.
In February 2020, Givaudan SA acquired Ungerer & Company, a U.S.-based flavor, fragrance, and specialty ingredients company.
For in-depth competitive analysis, buy now - https://www.persistencemarketresearch.com/checkout/32024
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global food flavors market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Access PMR Exclusive Reports-
Seasonings Spices Market- https://www.persistencemarketresearch.com/market-research/seasonings-spices-market.asp
D-Mannose Market- https://www.persistencemarketresearch.com/market-research/d-mannose-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About Us:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Food Flavors Market is set to witness CAGR of 4.9% and reach close to US$ 20 Bn by 2032 here
News-ID: 2730229 • Views: …
More Releases from Persistence Market Research
Pet Snacks and Treats Market Value to Reach $19.5 Bn by 2030 Driven by Rising Pe …
The global pet snacks and treats market is poised for notable growth over the coming years, expanding from a valuation of US$13.3 billion in 2023 to an estimated US$19.5 billion by the end of 2030. The market is forecast to grow at a compound annual growth rate (CAGR) of 5.6% during the period from 2023 to 2030. This consistent growth trajectory is primarily attributed to rising pet ownership rates, increasing…
Brewer's Yeast Powder Market Value to Reach US$4.4 Bn by 2031 Driven by Rising H …
The global brewer's yeast powder market is set to experience strong growth over the coming years, expanding from a valuation of US$2.5 billion in 2024 to US$4.4 billion by the end of 2031. This growth represents a robust compound annual growth rate (CAGR) of 8.4% during the forecast period from 2024 to 2031. The rising demand for functional food ingredients, growing health consciousness among consumers, and the expanding applications of…
Asparagus Market Growth Driven by Health Trends to Reach US$33.8 Bn by 2030 at 5 …
The global asparagus market is forecast to expand at a steady CAGR of 5.2%, increasing from a value of US$23.7 billion in 2023 to US$33.8 billion by the end of 2030. This growth trajectory is underpinned by the rising global demand for nutrient-rich vegetables and the expanding application of asparagus in culinary and functional food products. The growing health-conscious consumer base, combined with an increasing preference for plant-based and low-calorie…
Flat Glass Market Valued at US$ 213.0 Billion in 2025, Projected to Reach US$ 32 …
The global flat glass market has become one of the fastest-growing sectors in the materials industry, driven by its wide range of applications across construction, automotive, and renewable energy sectors. Flat glass, also known as sheet glass, is produced in large, flat sheets and can be processed further into laminated, tempered, or coated forms for enhanced performance. Its versatility, transparency, and strength make it an essential material for modern architectural…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
