The shift in the style and reason for food production, from individual households to the food industry, was accompanied by an increasing need for flavors, fragrances, and colors. In recent times, consumer attitude has changed dramatically, and so have taste preferences. Better tasting, strong flavors, and colors are as acceptable as convenience food. Moreover, health, diet, and fitness have become the precursors of the growing demand for varied flavors and fragrances in the food industry.
The natural forms of food colors and flavors are gaining traction in the market. With the rising health awareness, consumers are moving toward natural food products. Natural flavors are widely accepted by consumers who are ready to pay premium prices for natural foods. It has been observed that a majority of the population thoroughly checks the label of a product before buying it. This awareness has prompted manufacturers to undertake the replacement of synthetic flavors with natural flavors. Moreover, technological advancements such as microencapsulation and non-thermal techniques such as HPP and PEF support the flavors market to a great extent by dealing with critical functions such as product protection and timely delivery of core material. The wide application of colors and flavors in the food industry has encouraged manufacturers to explore various new sources.
Many innovations are being carried out in R & D laboratories of large-scale flavor, color houses; these companies blend colors, flavors to provide a diverse product portfolio of flavor systems. To match the demand, flavor, color companies are discovering new sources of flavors, colors, which are being added to food products. Fragrances are gaining importance with the increasing consumer demand for convenience food and personal care products, supported by a rise in the per capita and disposable income. To regulate and define flavor and fragrance, several agencies throughout the world have introduced regulations that not only set standards for flavors, colors, and fragrances but also increase transparency and protect public health.
The market study of food flavors, fragrances, and colors covers natural colors and natural flavors, flavor carriers, flavor enhancers and natural and synthetic raw materials that impart color, fragrance, and flavor, along with their wider applications in confectionery, bakery, beverages, meat, savory, snacks, dairy & frozen products in case of colors, and personal care, in case of fragrances. The growing demand for exotic flavors and consumer inclination toward natural food products are some of the factors affecting the demand for creativity in the food, flavor, and color industries. In addition to this, technological development and consumer acceptance of hybrid flavors are expected to offer numerous opportunities for the industry players to bring innovations in products.
The shift in the style and reason for food production, from individual households to the food industry, was accompanied by an increasing need for flavors, fragrances, and colors. In recent times, consumer attitude has changed dr ....see more
The fragrance ingredients market is projected to reach USD 21.94 billion by 2029, at a CAGR of 5.1% during the forecast period. Key players operating in the fragrance ingredients market include BASF (Germany), MANE SA (France), dsm-firmenich (Switzerland), Givaduan (Switzerland), International Flavors and Fragrances (US), Sensient Technologies (US), Takasago International Corporation (Japan), Robertet Fragrances, Inc (France), Kao Checmicals (Japan), and Symrise (Germany). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.
The lycopene market is projected to reach USD 161 million by 2025 at a compound annual growth rate (CAGR) of 5.0% during the forecast period. Some of the key players mentioned in the report includes Allied Biotech Corporation (China), Lycored (Israel), DSM (Netherlands), Wellgreen Technology Co Ltd (China), Divi’s Laboratories (India), San-Ei Gen F.F.I., Inc (Japan), Dangshang Sannuo Limited (China), DDW (US), Döhler (Germany), Farbest Brands (US), Zhejiang NHU CO. Ltd (China), EID Parry (India), Shaanxi Kingsci Biotechnology Co. Ltd (China), Vidya Herbs (India), Xi'an Pincredit Biotech Co Ltd (China), Hunan Sunshine Bio-Tech Co.Ltd (China), Xi'an Natural Field Bio-Technology Co.,Ltd (China), Plantnat (China), SV AgroFoods (India), and Plamed Green Science Group (China).
The proanthocyanidins market is estimated to account for a value of USD 198 million in 2019 and is projected to grow at a CAGR of 6.0% from 2019, to reach a value of USD 280 million by 2025. Increasing preference for products with natural ingredients, rising demand for functional food & beverage products, and growing application in the personal and cosmetic industries are some of the factors driving the growth of the proanthocyanidins market. Manufacturers in this market are focusing on developing proanthocyanidin products that cater to various applications such as healthcare, skincare, functional food & beverages, and pet nutrition.Naturex (France), Indena SPA (Italy), Nexira Inc. (France), Polyphenolics (US), Xian Yuensun Biological Technology Co.,Ltd. (China), Natac (China), Eevia Health (Finland), Fruit D'or (Canada), Scott Laboratories (US), Elementa Food Ingredients (France), and Changsha Botaniex Inc. (China).
The overall bitterness suppressors and flavor carriers market is projected to grow from USD 192 million in 2018 to USD 244 million by 2023, at a CAGR of 4.9%. Growing consumer awareness and demand for functional food products is driving the overall bitterness suppressors market to mask the bitter taste of functional food ingredients such as nutraceuticals. Moreover, rapid R&D for using flavor carriers for encapsulation is driving the growth of the flavor carriers market. This report includes a study of the marketing and development strategies, along with the product portfolios, of the leading companies. It includes profiles of leading companies such as Firmenich (Switzerland), Döhler (Germany), Givaudan (Switzerland), DowDuPont (US), Cargill (US), International Flavors and Fragrances (IFF) (US), Symrise (Germany), Kerry (Ireland), Sensient Technologies (US), Senomyx (US), Stepan Company (US), and DuPont Tate & Lyle (US).
The flavor systems market is estimated to account for a value of USD 5.64 billion in 2018 and is projected to grow at a CAGR of 4.3% from 2018, to reach a value of USD 6.96 billion by 2023. Creation of novel flavors driven by favorable consumer reception and cross product usage of flavors are some of the key factors driving the growth of the flavor systems market. Givaudan (Switzerland), International Flavors & Fragrances (IFF) (US), Firmenich (Switzerland), Symrise (Germany), and Mane SA (France) are the leading players in the flavor systems market. Major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
The flavor enhancers market, in terms of value, is projected to reach around USD 8.18 Billion by 2022, at a CAGR of 5.6% from 2017 to 2022. The market is dominated by players such as Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), Sensient Technologies (U.S.). Other players in the industry include Novozymes A/S (Denmark), E.I. DuPont de Nemours and Company (U.S.), Angel Yeast Co., Ltd (China), Innova Flavors (U.S.), Savoury Systems International, Inc. (U.S.), Senomyx, Inc. (U.S.), and Ajinomoto Co., Inc. (Japan).
Chocolate flavors are known for their high cocoa content. They are typically sweet, usually brown, and used as flavoring ingredients in various food & beverage preparations. It also offers the advantage of a nutritional profile with health benefits such potential to lower blood pressure & cholesterol and reduce the risk of strokes. They are used extensively in baked food, dairy products, snacks, confectionery, and drinks. The market for chocolate flavors is projected to be valued at more than $350 million by 2019. The market in Europe is projected to grow at the highest CAGR during the review period.