Food flavors enhance the taste and appeal of various food products. Food flavors are artificial or natural substances that are added to food to enhance the sensory qualities of food products. Food flavors are widely used in beverages, dairy products, snacks, meat and fish products etc. to improve their taste and palatability.

The global food flavor market is estimated to be valued at US$ 20.37 Mn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing popularity of packaged and convenience food is driving the demand for food flavors. Consumer preference for more convenient food options that require minimal or no preparation has increased the demand for ready-to-eat and packaged food products. Food flavors play a vital role in enhancing the taste and sensory properties of packaged food products. They mask undesirable flavors and aromas and produce harmonious flavor notes. Furthermore, the expansion of application areas such as dietary supplements, functional food and beverages is expected to support the growth of the food flavor market during the forecast period. Food flavors are increasingly used in dietary supplements, functional food and beverages to improve palatability and aid formulation.

Segment Analysis
The global food flavor market is segmented into natural and artificial. The natural segment currently dominates the market and accounts for around 60% share. This is because of the increasing consumer preference for natural products due to growing health awareness. Within the natural segment, fruit flavors are the most popular as they are versatile and compatible with wide range of food applications from beverages to bakery products.

Key Takeaways
The Global Food Flavor Market Size is expected to witness high growth over the forecast period of 2024 to 2031. The global food flavor market is estimated to be valued at US$ 20.37 Mn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031.

Regional analysis indicates Asia Pacific as the fastest growing region owing to the expanding food processing industry and rising disposable incomes in countries like India and China. Some of the key global players are expanding their production facilities in the region to tap into the growth potential.

Key players operating in the food flavor market are Schlumberger Limited, Goodwin International Ltd, Honeywell International Inc., General Electric Company, Emerson Electric Co., Rotork Plc, KITZ Corporation, AVK Holding A/S, BÃ1⁄4rkert Fluid Control Systems, and Flowserve Corporation.

 

Get more insights on this topic:
https://www.dailyprbulletin.com/food-flavor-market-insights/

Check below related articles on this topic:
https://www.rapidwebwire.com/plant-based-vaccines-market-trends/