Synthetic Fruit Flavor Market to witness market growth at a rate of 6.40%, Business growth

The synthetic fruit flavor market is expected to witness market growth at a rate of 6.40% in the forecast period of 2021 to 2028 and is expected to reach USD 7.69 billion by 2028. Data Bridge Market Research report on synthetic fruit flavor market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the food and beverage sector is escalating the growth of synthetic fruit flavor market.

View detailed Report: https://www.databridgemarketresearch.com/reports/global-synthetic-fruit-flavor-market

Food flavors refer to food additives that are utilized to improve the taste of food products and are usually available in natural and synthetic flavors. The food and beverage industry requires the food additives to add a new product line and change the existing product's taste and new product development.

The rise in demand for packaged foods among consumers across the globe acts as one of the major factors driving the growth of the synthetic fruit flavor market. The increase in the demand for processed and comfort food and the increased consumption of confectionery items and the continuous demand for sweet flavors accelerate the market growth. Technological advancements in the food and beverage industry such as microencapsulation technology and non-thermal treatments, including HPP and PEF to enhance flavor retention further influence the market.

In addition, the surge in disposable income, rise in population, digitalization of the retail industry and urbanization positively affect the synthetic fruit flavor market. Furthermore, innovative raw material sources, use in functional foods, and launch of advanced products extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

On the other hand, lower stability, limited availability and concerns regarding the side-effects of the synthetic fruit flavors are expected to obstruct the market growth. The inclination towards organic fruit flavors and the presence of stringent regulations and government policies are projected to challenge the synthetic fruit flavor market in the forecast period of 2021-2028.

Key Players Analysis:

The major players covered in the synthetic fruit flavor market report are DuPont, ADM, Givaudan, Kerry Group, International Flavors & Fragrances, Inc., Firmenich SA, Symrise, MANE, Taiyo International, T.Hasegawa Inc., Synergy Flavors, Sensient Technologies Corporation, Bell Flavors & Fragrances, Flavorchem, Takasago International Corporation, Keva Flavours Pvt, Huabao International Holdings Limited, Tate & Lyle, Robertet, McCormick & Company, Inc., Wanxiang International Ltd, TREATT, China Flavors & Fragrances Co. Ltd., Lucta and Solvay, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Asia-Pacific dominates the synthetic fruit flavor market because of the increase in demand for sweet flavors and technological advancements in the flavor industry within the region.

Synthetic Fruit Flavor Market Scope and Market Size

The synthetic fruit flavor market is segmented on the basis of flavor type, form and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of flavor type, the synthetic fruit flavor market is segmented into berries flavors, stone fruit flavors, tropical and exotic flavors, citrus flavors, apple and pears flavors and others.

On the basis of form, the synthetic fruit flavor market is segmented into liquid, powder and syrup.

On the basis of application, the synthetic fruit flavor market is segmented into food and beverage, pet food, pharmaceutical, personal care, cosmetics, and others.

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