FOOD FLAVORS MARKET Trend

Food Flavors Market Analysis: By Type (Flavor Additives and Flavor Enhancers), By Application (Beverages, Bakery and Confectionery, Dairy and Frozen Products, Snacks and Savory, Animal and Pet Food) - Forecast (2015-2020) Publish Date – 09th March 2014 No of pages - 155 Contact: Sanjay Matthews sales@industryarc.com #: +1-614-588-8538 (Ext: 101)

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• According to IndustryARC, the Food Flavor Market is projected to grow at a CAGR of 5.6% during the forecast period 2015-2020.

The growing consumption of canned and processed foods, bakery and confectionery items, savory and snacks and beverages in the developed and emerging markets has created a strong demand for food flavors. • The Major Product Types that use natural flavors derived from various sources are beverages, confectionery, bakery, snacks, dietary supplements, dairy and other packaged food.

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• The food flavors market is witnessing an increased demand from the consumers in developed nations such as Japan, the U.S., the U.K. and France; as they are becoming increasingly cautious on the food items they consume; this is due to increasing awareness through blogs and articles which claim the side effects related to artificial flavors consumption. • In addition, consumers' shift towards consumption of organic and natural food products which contain minimum added chemicals drives the natural flavors market.

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Application Brief: • Natural flavors have extensive usage in packaged food industry.

Beverages are the most dominant segment in the natural flavors market. Some of the health conscious consumers are purchasing beverages flavored with natural flavors derived from exotic fruits and vegetables as they are rich in anti-oxidants. • The rising demand for addition of healthier and nutritious ingredients in major food categories propels the market for natural flavors.

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Geographical Outlook: • APAC is the fastest growing region for Natural Flavors, which is estimated to grow at a CAGR of 10.5% during 2015-2020.

• With heightened awareness and wide availability of natural products in the U.S., North America is the most dominant market for natural flavors currently.

• The rising organized retail and the exposure of consumers to premium quality products in countries such as South Africa, Brazil, and India will drive the natural flavors market in these emerging economies.

• Basically, the emerging Asian and Latin American markets exhibit great potential.

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Market Segmentation: • This report segments the global food flavor market by type, application and geography. The flavors are segmented into flavors and flavor enhancers. Flavors are broadly classified into natural and synthetic flavors. Synthetic flavors comprise both nature identical and artificial flavors. • Flavor enhancers are mostly derived as salts of amino acids and nucleotides. Food flavors and enhancers are used in bakery, beverages, snacks, savory, animal and pet food. The report also covers the geographic regions of North America, Europe, AsiaPacific and Rest of World which include Middle East, Africa, and Latin America.

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• Seed Treatment is the process of treating seeds with chemicals or organic substances before planting. This treatment is done both in agriculture and horticulture, in order to protect seeds from potential pathogens. • The pesticides and fungicides are used in very small quantities, making the process eco-friendly. Usually this process also involves adding colour to the seeds to make the seeds less attractive to birds if split and easier to see and clean up in case of an accidental spillage.

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Key Market Vendors: The Key Players continue to channelize funds towards R&D and expansion of production facilities in emerging economies. These players account for approximately 60% of the total market. The mid-sized players such as Frutarom (Israel) are fervently making acquisitions with plans to expand market share in developing countries which offer huge growth prospects for natural flavors in near future.

• Givaudan SA (Switzerland), International Flavors • Fragrances Inc (U.S.) • Symrise AG (Germany) are noted to be the one of the top leading market competitors of the global Food Flavors Market.

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For More Details, Contact Mr. Sanjay Matthews

Sales Manager #: +1-614-588-8538 (Ext: 101)

sales@industryarc.com

Contact; #: +1-614-588-8538 (Ext:101) / Email: sales@industryarc.com

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