Food flavors market is expected to reach USD 20.39 billion by 2028 from USD 15.27 billion in 2021, at a CAGR of 4.2% during the forecast period.
The growth of this market is mainly driven by the growing demand for clean label and organic products, strong growth in the food & beverage industry, and technological advancements such as microencapsulation. Additionally, emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa and the use of flavors in functional foods provide significant growth opportunities for players operating in the food flavors market. However, the harmful health side-effects of flavors and stringent government regulations on the use of food flavors restrict the growth of this market to some extent.
Here are the Top 10 Companies In Food Flavors Market
Givaudan manufactures and markets fragrances and flavors from natural and synthetic ingredients. The company offers its products to food, beverage, consumer goods, fragrance, and cosmetics companies. Givaudan operates through two business segments, namely, Taste & Wellbeing and Fragrance & Beauty. The Taste and Wellbeing segment offers various products through its business units: taste, sense, nutrition, health, flavor ingredients for beverages, savory, sweet goods, snacks, dairy and cheese, and nutraceuticals. Also, the Fragrance & Beauty segment has three business units: fine fragrances, consumer products, and fragrance ingredients & active beauty.
With about 3,000 raw material suppliers in more than 100 countries and 12,000 additional partners supplying indirect materials and services, the company has its presence across Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.
IFF manufactures and markets fragrances and flavors used in food, beverages, personal care, and household products. The company operates through three business segments, namely, Taste, Frutarom, and Scent. The Taste segment consists of flavor compounds sold to the food and beverage industries for consumer products, such as prepared foods, beverages, dairy, and sweet products. The Frutarom segment manufactures a naturals-focused suite of flavor compounds, functional foods, and fine specialty ingredients. The company`s Scent segment comprises fragrance compounds, which are used in two main categories, namely, fine fragrances (perfumes and colognes) and consumer fragrances (fragrance compounds for personal care, household products, and beauty care, including toiletries). In addition, this segment covers fragrance ingredients, which consist of synthetic and natural ingredients that can be combined with other materials to create fragrance and consumer compounds, and active cosmetic ingredients, which consist of active and functional ingredients, botanicals, and delivery systems. The company offers food flavors products through its Taste segment.
With 110 manufacturing facilities and 100 creative centers and application laboratories, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Firmenich is engaged in producing fragrances and flavors for perfumes, hair care, laundry products, air fresheners, beverages, sweets, and other foods. The company specializes in researching, creating, manufacturing, and selling perfumes, flavors, and ingredients in the fragrance and taste market. The company also offers its customers superior innovation in the formulation, a broad and high-quality palette of ingredients, and proprietary technologies, including biotechnology, encapsulation, olfactory science, and taste modulation. Firmenich’s Flavors division provides flavors to the various industries, including beverages, savory foods, sweet goods, and nutrition and health.
With a global presence in more than 100 countries and six R&D centers across Geneva, Princeton, San Diego, Shanghai, New York, and Gujarat, the company has its geographic presence across Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.
Symrise is engaged in producing perfume oils, fragrance bases, cosmetic raw materials and ingredients, plant extracts, aroma chemicals, flavorings, fruit powders, and seasonings. The company operates through three business segments, namely, Flavor, Nutrition, and Scent & Care. The Flavor segment contains beverages, savory, and sweet business units. It develops, produces, and sells flavors and functional ingredients in foods, beverages, and health products.
With over 30,000 products and more than 6,000 customers in more than 160 countries, the company has its geographic presence across Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.
Sensient Technologies Corporation
Sensient Technologies is a developer, manufacturer, and supplier of colors, flavors, and fragrances for the food, beverage, personal care, and household products industries. The company mainly operates through two business segments, namely, Colors and Flavors. The Colors business unit offers natural and synthetic color solutions for the food and beverage, cosmetic, pharmaceutical, and industrial markets. The company’s principal products include flavors, flavor enhancers, & bio-nutrients; fragrances & aroma chemicals; plant-based solutions; dehydrated vegetables & other food ingredients; and natural & synthetic colors.
The company has its geographic presence in North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.
Founded in 1871 and headquartered in Le Bar-sur-Loup, France, MANE is mainly involved in producing and marketing flavors, fragrances, and ingredients. The company serves various industries, including beverages, bakery, confectionery, dairy, savory, and personal care, among others.
With 50 R&D innovation centers and 27 manufacturing sites, the company has its geographic presence in 39 countries across North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.
Meticulous Research in its latest publication on global Food Flavors Market has predicted the growth of 4.2% during the forecast year 2021-2028
Takasago International Corporation
Takasago is engaged in the manufacturing and selling of flavors, fragrances, aroma ingredients, and fine chemicals. The company operates through five divisions, namely, Flavors, Fragrances, Aroma Ingredients, Fine Chemicals, and Others. Takasago supplies flavors that endow beverages, confectioneries, savories, bakeries, dairy, and oral care products. The company`s Fragrances segment offer fragrances for perfumes, cosmetics, shampoos, detergents, air fresheners, and bath products. The company serves its products to foods, beverages, fine fragrances, and home & personal care products.
With offices, production sites, and R&D centers in 27 countries, the company has its geographic presence in North America, Europe, Latin America, and Asia.
T. Hasegawa engaged in developing, producing, and marketing fragrances, flavors, aromatic chemicals, food additives, and food products. The company mainly operates through two business segments: Fragrances and Flavors. The Flavors division develops and supplies flavors, essences, emulsifiers, extracts, seasonings, processed food materials, processed fruits, and natural pigments. The company offers food flavors through its Flavors division.
The company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
Robertet Group is mainly engaged in sourcing plant ingredients and transforming them into natural volatile and non-volatile extracts to create flavorings, perfumes, and active ingredients in health and beauty products. The company’s operations are conducted through three divisions: Raw Materials, which supplies ingredients to the cosmetics industry for products such as soaps, shampoos, and other beauty products, as well as air fresheners; Fragrances, provides ingredients that go into the creations of several perfumes and scents; and Flavors, which include products for food and beverage industries.
The company operates through a network of subsidiaries, including Bionov, Robertet GmbH, Robertet Argentina, Robertet Do Brasil, Robertet Hiyoki, Robertet Turkey, Robertet de Mexico, Robertet USA, Robertet Italia, and Robertet Savoury, among others. The company has its geographic presence in North America, Europe, Asia-Pacific, South America & Caribbean, and the Middle East & Africa
Founded in 1838 and headquartered in Darmstadt, Germany, Döhler produces, markets, and supplies technology-based natural ingredients, ingredient systems, and integrated solutions for the food & beverage industry. The company operates through four business segments, namely, Natural Ingredients, Ingredient Systems, Ingredient Solutions, and Value Chain. The company’s product portfolio of natural ingredients includes natural flavors, natural colors, health ingredients, pulses & cereal ingredients, dairy & plant-based ingredients, fermented ingredients, dry fruit & vegetable ingredients, fruit & vegetable ingredients, and ingredient systems.
The company offers food flavors solutions for food & beverage applications. With 23 modern production sites, 24 application centers, and more than 50 sales offices, the company has a geographic presence in 130 countries across Asia-Pacific, Europe, South America, North America, and the Middle East & Africa.
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Authoritative Research on the Food Flavors Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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