Global Flavors Market: Industry Type, Application, Size, Share, Analysis & Forecast, 2015 – 2021

Global Flavors Market: Industry Type, Application, Size, Share, Analysis & Forecast, 2015 – 2021

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According to the report, global flavors market was valued at USD 11.50 billion in 2015 and is expected to reach USD 15.60 billion in 2021, growing at a CAGR of 7.5% between 2016 and 2021. In terms of volume, the global flavors market stood at 587.0 million tons in 2015. A flavor is a very important entity of the food industry. It is primarily utilized to enhance and accelerate the taste, smell, and color of the products. It is available in two categories i.e. natural and synthetic. However, natural flavors are in great demand due to the shifting preferences for natural flavors rather than the synthetic.




According to the report, global flavors market was valued at USD 11.50 billion in 2015 and is expected to reach USD 15.60 billion in 2021, growing at a CAGR of 7.5% between 2016 and 2021. In terms of volume, the global flavors market stood at 587.0 million tons in 2015.

Flavor is the sensory outline of food, which is specially determined by taste and smell. Its main function is to make food tastier and more tempting. The different flavors are made up of chemicals which are added to foodstuff for enhancing or maintaining the taste of the food for a longer time. In addition, it also used to add color, flavor and the look to the food. It has a wide range of application such as food & beverages, bakery, pharmaceuticals, oral care industry and others.

The global flavors market is mainly driven by rapid growth in demand for convenience food across the globe. Secondly, changing lifestyle and eating habits is also expected to propel the demand for flavor market in near future. However, growing concerns towards health issues coupled with stringent rules and regulations are likely to impede the growth of the global flavors market. Nonetheless, emerging economies are likely to open new opportunities to the major players of the market.

Global Flavors Market

The natural and synthetic flavors are the key types of global flavors market. Among these two, the natural flavor dominated the globe flavors market in 2015. It accounted over 50% shares of the overall market in 2015. Furthermore, the shifting preference of customer towards natural flavors is expected to maintain the dominance of natural flavor in the market in near future.

Based on the various applications, the global flavors market is segmented into bakery, beverages, confectionery, dairy, savory & snacks and others applications. Among all applications, beverages were the leading application segment, which accounted for 34.0% share of total volume consumption in 2015. Moreover, the dairy and savory & snacks are important outlets that are expected to have the promising market in the coming years due to strong demand for flavors from emerging countries such as China, India, and Brazil.

Based on geography, North America dominated the global flavors market in 2015. It accounted for over 30.0% shares of the global flavors market. North America was followed by Europe in 2015. In addition, Asia Pacific is expected to be the fastest growing regional markets owing to the mounting demand for flavors in emerging economies such as China, India, Bangladesh and Sri Lanka. Food flavoring companies are also targeting to increase the scope of their business in the region over the future years. Demand for sauces & seasonings of different flavors is expected to increase the market growth in Latin America, Middle East & Africa over the coming years.

Some of the key players operatives in the global market of flavors include Givaudan, Firmenich SA, Kerry Group plc, Symrise AG, Wild Flavors Inc., Frutarom Industries Ltd., SunOpta, Inc, International Flavors and Fragrances Inc., Mane Fils SA, Archer Daniels Midland Company and Sensient Technologies Corporation.

Givaudan is one of the dominating companies in the flavors market. Recently, the Givaudan Company launched the new manufacturing site in Nigeria to expand its business capacity. Firmenich SA is another leading company which accounts for a major chunk in the market. The major players are striving hard to expand its business through new product launch and expansion.

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global flavors market, 2015 – 2021, (Million Tons) (USD Million)
    • 2.2. Flavors: Market snapshot
  • Chapter 3. Flavors Market: Industry Analysis
    • 3.1. Flavors: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Global growth in demand for convenience food
      • 3.2.2. Rapidly growing demand in beverage industry
    • 3.3. Restraints
      • 3.3.1. Growing concerns towards health issues coupled with stringent rules and regulations
    • 3.4. Opportunity
      • 3.4.1. Emerging economies
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by type of flavors
      • 3.6.2. Market attractiveness analysis by application segment 3.6.3. Market attractiveness analysis by regional segment
  • Chapter 4. Global Flavors Market: Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global flavors market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. Product Portfolio
    • 4.5. Patent Analysis (2011-2016)
      • 4.5.1. Patent Trend
      • 4.5.2. Patent Share by company
      • 4.5.3. By Region
  • Chapter 5. Global Flavors Market: Type of Flavors Overview
    • 5.1. Global flavors market share, by type, 2015 and 2021
    • 5.2. Global natural flavors market, 2015 – 2021 (Million Tons)(USD Million)
    • 5.3. Global synthetic flavors market, 2015 – 2021 (Million Tons)(USD Million)
  • Chapter 6. Global Flavors Market: Application Overview
    • 6.1. Global flavors market share, by application, 2015 and 2021
    • 6.2. Global flavors market for bakery, 2015 – 2021 (Million Tons)(USD Million)
    • 6.3. Global flavors market for beverages, 2015 – 2021 (Million Tons)(USD Million)
    • 6.4. Global flavors market for confectionery, 2015 – 2021 (Million Tons)(USD Million)
    • 6.5. Global flavors market for dairy, 2015 – 2021 (Million Tons)(USD Million)
    • 6.6. Global flavors market for savory & snacks, 2015 – 2021 (Million Tons)(USD Million)
    • 6.7. Global flavors market for others, 2015 – 2021 (Million Tons) (USD Million)
  • Chapter 7. Global Flavors Market: Regional Analysis
    • 7.1. Global flavors market: Regional overview
      • 7.1.1. Global flavors market share, by region, 2015 and 2021
    • 7.2. North America
      • 7.2.1. North America flavors market volume, by type, 2015 – 2021 (Million Tons)
      • 7.2.2. North America flavors market revenue, by type, 2015 – 2021 (USD Million)
      • 7.2.3. North America flavors market volume, by application, 2015 – 2021 (Million Tons)
      • 7.2.4. North America flavors market revenue, by application, 2015 – 2021 (USD Million)
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. flavors market volume, by type, 2015 – 2021 (Million Tons)
        • 7.2.5.2. U.S. flavors market revenue, by type, 2015 – 2021 (USD Million)
        • 7.2.5.3. U.S. flavors market volume, by application, 2015 – 2021 (Million Tons)
        • 7.2.5.4. U.S. flavors market revenue, by application, 2015 – 2021 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe flavors market volume, by type, 2015 – 2021 (Million Tons)
      • 7.3.2. Europe flavors market revenue, by type, 2015 – 2021 (USD Million)
      • 7.3.3. Europe flavors market volume, by application, 2015 – 2021 (Million Tons)
      • 7.3.4. Europe flavors market revenue, by application, 2015 – 2021 (USD Million)
      • 7.3.5. UK
        • 7.3.5.1. UK flavors market volume, by type, 2015 – 2021 (Million Tons)
        • 7.3.5.2. UK flavors market revenue, by type, 2015 – 2021 (USD Million)
        • 7.3.5.3. UK flavors market volume, by application, 2015 – 2021 (Million Tons)
        • 7.3.5.4. UK flavors market revenue, by application, 2015 – 2021 (USD Million)
      • 7.3.6. France
        • 7.3.6.1. France flavors market volume, by type, 2015 – 2021 (Million Tons)
        • 7.3.6.2. France flavors market revenue, by type, 2015 – 2021 (USD Million)
        • 7.3.6.3. France flavors market volume, by application, 2015 – 2021 (Million Tons)
        • 7.3.6.4. France flavors market revenue, by application, 2015 – 2021 (USD Million)
      • 7.3.7. Germany
        • 7.3.7.1. Germany flavors market volume, by type, 2015 – 2021 (Million Tons)
        • 7.3.7.2. Germany flavors market revenue, by type, 2015 – 2021 (USD Million)
        • 7.3.7.3. Germany flavors market volume, by application, 2015 – 2021 (Million Tons)
        • 7.3.7.4. Germany flavors market revenue, by application, 2015 – 2021 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific flavors market volume, by type, 2015 – 2021 (Million Tons)
      • 7.4.2. Asia Pacific flavors market revenue, by type, 2015 – 2021 (USD Million)
      • 7.4.3. Asia-Pacific flavors market volume, by application, 2015 – 2021 (Million Tons)
      • 7.4.4. Asia-Pacific flavors market revenue, by application, 2015 – 2021 (USD Million)
      • 7.4.5. China
        • 7.4.5.1. China flavors market volume, by type, 2015 – 2021 (Million Tons)
        • 7.4.5.2. China flavors market revenue, by type, 2015 – 2021 (USD Million)
        • 7.4.5.3. China flavors market volume, by application, 2015 – 2021 (Million Tons)
        • 7.4.5.4. China flavors market revenue, by application, 2015 – 2021 (USD Million)
      • 7.4.6. Japan
        • 7.4.6.1. Japan flavors market volume, by type, 2015 – 2021 (Million Tons)
        • 7.4.6.2. Japan flavors market revenue, by type, 2015 – 2021 (USD Million)
        • 7.4.6.3. Japan flavors market volume, by application, 2015 – 2021 (Million Tons)
        • 7.4.6.4. Japan flavors market revenue, by application, 2015 – 2021 (USD Million)
      • 7.4.7. India
        • 7.4.7.1. India flavors market volume, by type, 2015 – 2021 (Million Tons)
        • 7.4.7.2. India flavors market revenue, by type, 2015 – 2021 (USD Million)
        • 7.4.7.3. India flavors market volume, by application, 2015 – 2021 (Million Tons)
        • 7.4.7.4. India flavors market revenue, by application, 2015 – 2021 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America flavors market volume, by type, 2015 – 2021 (Million Tons)
      • 7.5.2. Latin America flavors market revenue, by type, 2015 – 2021 (USD Million)
      • 7.5.3. Latin America flavors market volume, by application, 2015 – 2021 (Million Tons)
      • 7.5.4. Latin America flavors market revenue, by application, 2015 – 2021 (USD Million)
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil flavors market volume, by type, 2015 – 2021 (Million Tons)
        • 7.5.5.2. Brazil flavors market revenue, by type, 2015 – 2021 (USD Million)
        • 7.5.5.3. Brazil flavors market volume, by application, 2015 – 2021 (Million Tons)
        • 7.5.5.4. Brazil flavors market revenue, by application, 2015 – 2021 (USD Million)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa flavors market volume, by type, 2015 – 2021 (Million Tons)
      • 7.6.2. Middle East & Africa flavors market revenue, by type, 2015 – 2021 (USD Million)
      • 7.6.3. Middle East & Africa flavors market volume, by application, 2015 – 2021 (Million Tons)
      • 7.6.4. Middle East & Africa flavors market revenue, by application, 2015 – 2021 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Givaudan
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Firmenich SA
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Kerry Group plc
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Symrise AG
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Wild Flavors Inc
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Frutarom Industries Ltd
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. SunOpta, Inc
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. International Flavors and Fragrances Inc
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Mane Fils SA
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Archer Daniels Midland Company
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. Sensient Technologies Corporation
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
  • Chapter 9. Patents
    • 9.1. U.S. (US Patents)
    • 9.2. Europe (EP documents)
    • 9.3. Japan (Abstracts of Japan)
    • 9.4. Global (WIPO (PCT))

List of Figures

1. Global flavors market segmentation by application, and geography
2. Global flavors market, 2015 – 2021 (Million Tons) (USD Million)
3. Porter’s five forces analysis: Flavors market
4. Market attractiveness analysis by type
5. Market attractiveness analysis by application segment
6. Market attractiveness analysis by regional segment
7. Global Flavors Market : Company Market Share, 2015
8. Price Trend Analysis : Flavors
9. Patent trend between 2011 -2016
10. Patent Share by Company between 2011 – 2016
11. Patent Share by Region between 2011 – 2016
12. Global flavors market share, by type, 2015 -2021
13. Global natural flavors market, 2015 – 2021 (Million Tons)(USD Million)
14. Global synthetic flavors market, 2015 – 2021 (Million Tons)(USD Million)
15. Global flavors market share, by application, 2015 -2021
16. Global flavors market for beverages, 2015 – 2021 (Million Tons)(USD Million)
17. Global flavors market for bakery, 2015 – 2021 (Million Tons)(USD Million)
18. Global flavors market for confectionary, 2015 – 2021 (Million Tons)(USD Million)
19. Global flavors market for dairy, 2015 – 2021 (Million Tons)(USD Million)
20. Global flavors market for savory & snacks, 2015 – 2021 (Million Tons)(USD Million)
21. Global flavors market for others, 2015 – 2021 (Million Tons) (USD Million)
22. Global flavors market share, by region, 2015 – 2021
23. North America flavors market, 2015 – 2021, (Million Tons) (USD Million)
24. U.S. flavors market, 2015 – 2021, (Million Tons) (USD Million)
25. Europe flavors market, 2015 – 2021, (Million Tons) (USD Million)
26. UK flavors market, 2015 – 2021, (Million Tons) (USD Million)
27. France flavors market, 2015 – 2021, (Million Tons) (USD Million)
28. Germany flavors market, 2015 – 2021, (Million Tons) (USD Million)
29. Asia Pacific flavors market, 2015 – 2021, (Million Tons) (USD Million)
30. China flavors market, 2015 – 2021, (Million Tons) (USD Million)
31. Japan flavors market, 2015 – 2021, (Million Tons)  (USD Million)
32. India flavors market, 2015 – 2021, (Million Tons) (USD Million)
33. Latin America flavors market, 2015-2021, (Million Tons) (USD Million)
34. Brazil flavors market, 2015 – 2021, (Million Tons) (USD Million)
35. Middle East & Africa flavors market, 2015 – 2021, (Million Tons) (USD Million)


List of Tables

1. Global flavors market snapshot
2. Drivers for flavors market: Impact analysis
3. Restraints of flavors market: Impact analysis
4. North America flavors market volume, by type, 2015 – 2021 (Million Tons)
5. North America flavors market revenue, by type, 2015 – 2021 (USD Million)
6. North America flavors market volume, by application, 2015 – 2021 (Million Tons)
7. North America flavors market revenue, by application, 2015 – 2021 (USD Million)
8. U.S. flavors market volume, by type, 2015 – 2021 (Million Tons)
9. U.S. flavors market revenue, by type, 2015 – 2021 (USD Million)
10. U.S. flavors market volume, by application, 2015 – 2021 (Million Tons)
11. U.S. flavors market revenue, by application, 2015 – 2021 (USD Million)
12. Europe flavors market volume, by type, 2015 – 2021 (Million Tons)
13. Europe flavors market revenue, by type, 2015 – 2021 (USD Million)
14. Europe flavors market volume, by application, 2015 – 2021 (Million Tons)
15. Europe flavors market revenue, by application, 2015 – 2021 (USD Million)
16. UK flavors market volume, by type, 2015 – 2021 (Million Tons)
17. UK flavors market revenue, by type, 2015 – 2021 (USD Million)
18. UK flavors market volume, by application, 2015 – 2021 (Million Tons)
19. UK flavors market revenue, by application, 2015 – 2021 (USD Million)
20. France flavors market volume, by type, 2015 – 2021 (Million Tons)
21. France flavors market revenue, by type, 2015 – 2021 (USD Million)
22. France flavors market volume, by application, 2015 – 2021 (Million Tons)
23. France flavors market revenue, by application, 2015 – 2021 (USD Million)
24. Germany flavors market volume, by type, 2015 – 2021 (Million Tons)
25. Germany flavors market revenue, by type, 2015 – 2021 (USD Million)
26. Germany flavors market volume, by application, 2015 – 2021 (Million Tons)
27. Germany flavors market revenue, by application, 2015 – 2021 (USD Million)
28. Asia Pacific flavors market volume, by type, 2015 – 2021 (Million Tons)
29. Asia Pacific flavors market revenue, by type, 2015 – 2021 (USD Million)
30. Asia-Pacific flavors market volume, by application, 2015 – 2021 (Million Tons)
31. Asia-Pacific flavors market revenue, by application, 2015 – 2021 (USD Million)
32. China flavors market volume, by type, 2015 – 2021 (Million Tons)
33. China flavors market revenue, by type, 2015 – 2021 (USD Million)
34. China flavors market volume, by application, 2015 – 2021 (Million Tons)
35. China flavors market revenue, by application, 2015 – 2021 (USD Million)
36. Japan flavors market volume, by type, 2015 – 2021 (Million Tons)
37. Japan flavors market revenue, by type, 2015 – 2021 (USD Million)
38. Japan flavors market volume, by application, 2015 – 2021 (Million Tons)
39. Japan flavors market revenue, by application, 2015 – 2021 (USD Million)
40. India flavors market volume, by type, 2015 – 2021 (Million Tons)
41. India flavors market revenue, by type, 2015 – 2021 (USD Million)
42. India flavors market volume, by application, 2015 – 2021 (Million Tons)
43. India flavors market revenue, by application, 2015 – 2021 (USD Million)
44. Latin America flavors market volume, by type, 2015 – 2021 (Million Tons)
45. Latin America flavors market revenue, by type, 2015 – 2021 (USD Million)
46. Latin America flavors market volume, by application, 2015 – 2021 (Million Tons)
47. Latin America flavors market revenue, by application, 2015 – 2021 (USD Million)
48. Brazil flavors market volume, by type, 2015 – 2021 (Million Tons)
49. Brazil flavors market revenue, by type, 2015 – 2021 (USD Million)
50. Brazil flavors market volume, by application, 2015 – 2021 (Million Tons)
51. Brazil flavors market revenue, by application, 2015 – 2021 (USD Million)
52. Middle East & Africa flavors market volume, by type, 2015 – 2021 (Million Tons)
53. Middle East & Africa flavors market revenue, by type, 2015 – 2021 (USD Million)
54. Middle East & Africa flavors market volume, by application, 2015 – 2021 (Million Tons)
55. Middle East & Africa flavors market revenue, by application, 2015 – 2021 (USD Million)

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