Kings in Food Flavours Market Are From India, Nepal, Sri Lanka And Bangladesh | Synergy Flavors, Inc., Mane SA, Wild Flavors, Symrise AG Are Top Leading Key Players In Flavor Industry

Repot portfolio
Flavour is considered as food additives or ingredients which are used commercially in food and beverages and other various applications. Flavor indicates the sensory impression of food or any other substance that is determined by chemical senses of taste and smell. It is the sensual impression of food or other applications such as beverages, cosmetic & personal care, nutraceutical and other end-use applications. There are various types of food additives which are commercially available that are added to food and beverages to make it tastier and more appealing. Flavors are prepared by the mixture of volatile chemicals.
With the rising health concerns among the mass consumers’ the demand for clean label products have been experiencing a surge. Clean label refers to the proper declaration of ingredients present in the food product. In some countries, clean label also refers to food additives which are added in their natural form and contain no harmful chemicals. Rising demand for natural and organic food has supported the increased demand for clean label products as consumers want to eliminate the risk of being affected by any food borne disease. Clean label also helps in educating the consumers about food traceability throughout the production and distribution involved in the supply chain. In European Union, clean label indicates the flavourings added in the food. Increase in product innovations is majorly propelled by technological strides. Introducing new and unique technologies have resulted in increased manufacture of innovative products. Various factors such as taste, quality and source of flavours are critical for this market. Manufacturers of flavours have adopted suitable technologies to achieve desirable product with fine organoleptic properties according to consumer’s preferences.

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Country Analysis
The flavour market is segmented into India, Nepal, Sri Lanka and Bangladesh. Among these, India is projected to retain its dominance throughout the forecast period. Robust economic growth, rising urbanization, explosion of in the middle class population are the significant factors of the growth of flavour in India. India is estimated to reach USD 513.74 million by the end of 2022. However, Bangladesh is projected to expand at a moderate CAGR of 9.13% during the forecast period of 2017-2022.
Segments
The flavour market has been segmented on the basis of product type, such as synthetic and natural. Natural is estimated to grow fast as compare to synthetic during the forecast period of 2017-2022. On the basis of application, flavour market has been segmented into food, beverages, tobacco, cosmetic & personal care and pharmaceutical.
Key Players
The leading market players in the flavour market primarily are Givaudan SA (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances Inc. (U.S.), Symrise AG (Germany), Takasago International Corporation (Japan), Wild Flavors, Inc. (U.S.), Mane SA (U.S.), Sensient Technologies Corporation (U.S.), T.Hasegawa Co., Ltd (Japan), Kerry Group (India), Synergy Flavors, Inc. (U.S.), Huabao International (Japan), S H Kelkar and Company Limited (India).


Target Audience
•Flavour manufacturers
•Raw material suppliers
•End users
•Retailers and wholesalers
•E-commerce companies
•Traders, importers and exporters

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Key Findings
•India is estimated to retain its dominance throughout the forecast period and to grow at a substantial CAGR of 10.04%.
•The growing consumer awareness, increasing demand of organic products, increasing incidence of diseases will surge the sales of natural flavour over synthetic flavour. Many convenience food manufacturing companies have started using natural flavour in food manufacturing to provide value addition and to make product differentiation from their competitors.

Country Analysis of Flavour Market Development and Demand Forecast to 2022 Market

The reports also cover country level analysis:
•India
•Bangladesh
•Sri Lanka
•Nepal

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