Aroma Ingredients for Food and Beverages Market Growth and Forecast by 2030

The aroma ingredients for food and beverages market size is projected to grow from US$ 1.21 billion in 2022 to US$ 1.67 billion by 2030; the market is estimated to register a CAGR of 4.1% from 2022 to 2030.

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Aroma ingredients are isolated from naturally sourced ingredients or chemically extracted from petroleum. These ingredients play a crucial role in shaping the flavor and aroma profile of various food and beverage items, ranging from confectionery and savory snacks to alcoholic and non-alcoholic beverages. The growing importance of aroma ingredients in the food & beverages industry and strategic initiatives by key market players are major factors driving the aroma ingredients for the food and beverages market. In addition, the increasing consumer demand for unique and exotic flavor and aroma experiences, as well as advancements in extraction and synthesis techniques, further help in shaping the market landscape. However, the regulatory constraints associated with the use of aroma ingredients in the food and beverages industry hamper the aroma ingredients for food and beverages market growth.

The List of Companies - Aroma Ingredients for Food and Beverages Market

International Flavors & Fragrances Inc
Sensient Technologies Corp
T Hasegawa Co Ltd
BASF SE
V Mane Fils Sas
Symrise AG
Firmenich International SA
Archer-Daniels-Midland Co
Kerry Group Plc
Berje Inc

Aroma ingredient manufacturers in the food & beverages industry are significantly involved in mergers and acquisitions, collaborations, and other strategic developments to attract consumers and enhance their market position. Increasing demand for aroma ingredients from various food and beverage establishments that produce and sell bakery and confectionery, dairy, frozen desserts, and other items has resulted in key players adopting strategic initiatives to strengthen their market position globally. For instance, in November 2023, BASF SE announced the launch of two new natural aroma ingredients: Isobionics Natural alpha-Bisabolene 98 and Isobionics Natural (-)-alpha-Bisabolol 99. Such product developments are driving the aroma ingredients for the food and beverages market.

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