India Flavors Market 2024: Predicted to Achieve INR 8,100 Crore Revenue by 2032 - Latest Research Report

According to the latest report by IMARC Group, titled "India Flavors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the India flavors market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The India flavors market size reached INR 4,287 Crore in 2023. Looking forward, IMARC Group expects the market to reach INR 8,100 Crore by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.

Flavors are sensory perceptions that combine taste and smell, enriching the eating and drinking experience. Taste, including sweet, salty, sour, bitter, and umami, is detected by taste buds on the tongue, while aroma, or scent, is sensed through the olfactory receptors in the nose. Together, these elements create the overall flavor profile of food and beverages. Flavors are diverse, ranging from natural components like fruits and spices to synthetic compounds, offering a wide array of sensory experiences. They play a crucial role in the food industry, influencing consumer preferences, enhancing product appeal, and contributing to the complexity and enjoyment of various culinary creations.

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India Flavors Market Trends:

The market growth in India is primarily driven by the increasing disposable income and changing consumer lifestyles. This, in turn, contributes to a growing demand for a diverse range of flavored products, including beverages, snacks, and packaged foods. As consumer preferences evolve, a heightened interest in novel and exotic flavors drives innovation in the food and beverage industry. Furthermore, the escalating influence of globalization and exposure to international cuisines broaden the palate of Indian consumers, fostering a willingness to explore and embrace diverse flavors.

Multinational food and beverage companies are introducing global flavors to cater to this demand. Additionally, the expanding middle-class population and urbanization trends contribute to the demand for convenience foods and ready-to-eat products, where flavors play a pivotal role in enhancing taste and appeal. The rise of the e-commerce sector facilitates easier access to various flavored products, further driving market growth. Moreover, the rising awareness of health and wellness leads to the demand for natural and organic flavors. Consumers are increasingly seeking products with authentic and clean label flavorings, driving the market toward natural extracts and ingredients.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:

• Doehler India Pvt.Ltd
• Firmenich Aromatics (India) Private Limited
• Flavaroma Flavors and Fragrances Private Limited
• Givaudan (India) Private Limited (Givaudan SA)
• Gupta & Company (P) Limited
• International Flavors and Fragrances India Pvt. Ltd
• Kerry Ingredients India (P) Ltd
• Keva Flavours Pvt. Ltd. (S. H. KELKAR & Co. Ltd.)
• MANE Flavor & Fragrance Manufacturer
• Oriental Aromatics Limited
• Sacheerome Private Limited
• Symrise Private Limited (Symrise AG)
• Synthite Industries Ltd
• Ultra International Limited

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-flavors-market

Key Market Segmentation:

Breakup by Product Type:

• Nature Identical
• Artificial
• Natural

Breakup by Form:

• Liquid
• Dry

Breakup by Application:

• Beverages
• Savouries and Snacks
• Confectionery Products
• Bakery Products
• Dairy and Frozen Desserts
• Others

Breakup by Region:

• South India
• North India
• West and Central India
• East India

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.