U.S (New York)– The “Flavors (Food and Beverages) Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global flavors (food & beverages) market was valued at $12,474 million in 2016, and is expected to reach at $18,126 million in 2023, growing at a CAGR of 5.5% from 2017 to 2023. Flavors are essential part of the food processing industry that help to maintain the taste of a product. Food flavors are made of three components taste, smell, and color. Food & beverage industries require flavor for different purposes, such as new product development, addition of new product line, and change in the taste of existing product. High demand for new flavors from food & beverages industry, increase in demand from fast food industries, and continuous innovation have driven the global flavors (food & beverages) market. However, rise in health awareness among the global population is expected to hamper the market growth.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Companies are expanding their geographical operations in the developing regions to maintain their growth rate. For example, Givaudan SA has recently started its manufacturing plant in Nigeria to increase its customer base. Key market players are also expanding their product portfolio to maintain the market profitability. For example, Kerry Group has added barbeque flavored meat snacks brand, Meateors, which is launched to target the male consumer between the age group of 20-32.
The report offers incisive information on other market strategies, such as collaboration, acquisition, and innovation. In addition, provide a deeper understanding of the segments of the global flavors (food & beverages) market based on type, end user, and geography. The type segment includes natural flavor and artificial flavor market, while the natural flavors are expected to be used in their natural form or processed form. Beverage companies in the U.S. and Europe prefer to use natural flavors. Artificial flavors are chemically derived and widely used in beverage industries. The end user segment consists of beverages, savory & snacks, bakery & confectioneries, dairy & frozen products, and animal & pet foods.
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Beverages is the leading end user industry within the global flavors (food & beverages) market. Geographically, the market is segmented into Asia-Pacific, North America, Eastern Europe, Western Europe, LAMEA. Asia-Pacific is the largest market for food flavor followed by North America and Western Europe.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global flavors (food & beverages) market and the current and future trends to elucidate the imminent investment pockets.
Major countries in each region are mapped according to individual market revenue.
The report provides information regarding key drivers, restraints, and opportunities and their impact analyses.
Quantitative analysis of the current market and estimations for the period of 2015-2023 have highlighted the financial caliber of the market.
Porter’s Five Forces model and SWOT analysis of the industry illustrate the potency of the buyers and suppliers participating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Major players operating in this market include the following:
Firmenich SA
Frutarom Industries Ltd.
Givaudan SA
Huabao International Holdings Limited
International Flavors & Fragrances Inc.
Kerry Group, Plc.
V. Mane Fils SA
Robertet SA
Sensient Technologies Corporation
Symrise AG
Takasago International Corporation
KEY PLAYERS
Wild Flavors, Inc,
T. Hasegawa Co., Ltd.
Bell Flavors and Fragrances, Inc.
Evolva Holding S.A.
Isobionics B.V.
Naturex S.A.
Nestec S.A.
The Chemical & Food Aromatic Plant LLC.
Flavors (Food & Beverages) Market Key Segments:
By Type
Natural
Artificial (Synthetic)
By End User
Beverages
Hot Drinks
Soft Drinks
Alcoholic Drinks
Dairy & Frozen Products
Dairy Products
Meat
Bakery & Confectionery
Bakery
Chocolate
Confectionery
Ice Cream
Savory & Snacks
Savory
Snacks
Animal & Pet Food
Animal Feed
Pet Food
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By Geography
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
North America
U.S.
Canada
Mexico
Western Europe
UK
Germany
France
The Netherlands
Spain
Belgium
Rest of Western Europe
Eastern Europe
Russia
Poland
Czech Republic
Rest of Eastern Europe
Latin America
Brazil
Argentina
Colombia
Chile
Rest of Latin America
Middle East
Turkey
Israel
Iran
Saudi Arabia
Rest of Middle East
Africa
Morocco
South Africa
Nigeria
Rest of Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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