Global Flavour Market – Industry Trends and Forecast to 2031

Análisis y tamaño del mercado de sabores

El mercado está experimentando un crecimiento significativo, impulsado por varios factores clave. El mercado se ve impulsado principalmente por la creciente demanda de sabores naturales y de etiqueta limpia a medida que los consumidores se vuelven más conscientes de la salud y buscan productos con menos ingredientes artificiales. La creciente popularidad de los alimentos y bebidas de conveniencia, especialmente en los mercados emergentes, impulsa la demanda de sabores. El mercado se caracteriza por una alta competencia, con varios actores clave que dominan la industria. Estas empresas invierten mucho en investigación y desarrollo para presentar sabores innovadores y satisfacer las preferencias cambiantes de los consumidores. El mercado también está siendo testigo de una tendencia hacia la personalización, con empresas que ofrecen soluciones de sabores personalizados a los fabricantes de alimentos y bebidas.            

El tamaño del mercado global de sabores se valoró en USD 16,23 mil millones en 2023 y se proyecta que alcance los USD 26,06 mil millones para 2031, con una CAGR del 6,10% durante el período de pronóstico de 2024 a 2031. Además de la información sobre escenarios de mercado como valor de mercado, tasa de crecimiento, segmentación, cobertura geográfica y actores principales, los informes de mercado seleccionados por Data Bridge Market Research también incluyen un análisis experto en profundidad, producción y capacidad por empresa representada geográficamente, diseños de red de distribuidores y socios, análisis detallado y actualizado de tendencias de precios y análisis de déficit de la cadena de suministro y la demanda.

Alcance del informe y segmentación del mercado       

Definición de mercado

El sabor se refiere al gusto y al olor de los alimentos u otras sustancias. Es una combinación de los sentidos del gusto y del olfato, percibidos principalmente por las papilas gustativas de la lengua y los receptores olfativos de la nariz. El sabor está influenciado por varios factores, incluida la composición química del alimento o la sustancia y las preferencias y experiencias individuales.

Dinámica del mercado de los sabores

Conductores

• Demanda creciente de sabores naturales

El cambio de los consumidores hacia estilos de vida más saludables y una preferencia por ingredientes de etiqueta limpia ha aumentado significativamente la demanda de sabores naturales en la industria de alimentos y bebidas. Los sabores naturales se perciben como alternativas más seguras a los sabores artificiales, en consonancia con la creciente conciencia de los consumidores sobre la salud y el bienestar. Esta tendencia está impulsada por las preocupaciones sobre los posibles riesgos para la salud asociados con los aditivos artificiales, lo que impulsa a los consumidores a buscar productos con listas de ingredientes más simples y naturales. Como resultado, los fabricantes de alimentos y bebidas están incorporando cada vez más sabores naturales a sus productos para satisfacer las demandas de los consumidores y diferenciar sus ofertas, lo que impulsa el crecimiento del mercado.      

• Expansión de la industria de alimentos y bebidas

La industria de alimentos y bebidas está experimentando un crecimiento sustancial en todo el mundo, impulsado por el crecimiento de la población, la urbanización y las preferencias cambiantes de los consumidores. Esta expansión crea una gran cantidad de oportunidades para que los fabricantes de sabores innoven y expandan su presencia en el mercado. A medida que la industria continúa evolucionando, existe una creciente demanda de sabores nuevos y únicos para satisfacer los diversos gustos de los consumidores. Además, la introducción de nuevos productos alimenticios y bebidas, como alternativas basadas en plantas y alimentos funcionales , está impulsando la necesidad de soluciones de sabor innovadoras, lo que resulta en un crecimiento del mercado.

Oportunidades

• Innovación en sabores 

Companies can enrich their product range and appeal to consumers looking for unique taste sensations by prioritizing the development of fresh and distinctive flavors. This approach allows companies to stay ahead of competitors and maintain a strong market position. In addition, product innovation can drive consumer engagement and loyalty, as consumers are more likely to gravitate toward brands that offer innovative and exciting flavor options. Innovation in flavor development presents a significant opportunity for companies to differentiate themselves in the market and meet the evolving needs of consumers.        

• Increasing Disposable Income

With rising purchasing power, consumers are increasingly inclined to invest in premium and flavored food and beverage items. This trend is driven by a desire for higher-quality products and a more indulgent consumption experience. Flavor manufacturers can capitalize on this trend by offering premium and innovative flavor solutions that cater to the preferences of affluent consumers. Targeting this demographic allows companies to expand their customer base and drive revenue growth in emerging markets.

Restraints/Challenges

• Stringent Regulations      

Regulatory bodies, such as the Food and Drug Administration (FDA) in the United States and the European Food Safety Authority (EFSA) in Europe, set strict guidelines regarding the types and quantities of flavoring substances that can be used in food and beverage products. These regulations are intended to ensure consumer safety and prevent the use of harmful or potentially allergenic ingredients. However, compliance with these regulations can be complex and costly for flavor manufacturers, particularly when formulating products for international markets. The presence of stringent regulations governing the use of flavoring substances is a major challenge for the market.        

• Health Concerns

There is a growing demand for natural and clean-label products, including flavors with consumers become more health-conscious. Artificial flavors are often perceived as less healthy or natural than their natural counterparts, leading consumers to seek products with simpler and more natural ingredient lists. This trend is driving the food and beverage industry to reformulate products to remove artificial additives and incorporate natural flavors, posing a challenge for flavor manufacturers that rely heavily on artificial ingredients.

This flavour market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flavour market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In January 2023, Symrise AG invested in Ignite Venture Studio, a platform focusing on B2C startup ventures in the personal care sector. This investment is aimed at fostering product innovations in fragrance and cosmetic ingredients
• In December 2022, Symrise partnered with Norwest Ingredients for a thorough sustainability assessment of peppermint and spearmint raw materials

Flavour Market Scope

The market is segmented on the basis of type, origin, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Chocolate & Browns
• Vanilla
• Fruit & Nut
• Dairy
• Spices

Origin

• Natural
• Nature Identical
• Artificial

Application

• Beverages
• Dairy
• Confectionery
• Bakery
• Meat
• Savory and Snacks

Flavour Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, type, origin, and application as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

Asia-Pacific is expected to dominate and be the fastest growing region due to increasing consumer interest in nutrient-rich and flavorful products. Traditional household cooking in the region has long relied on natural herbs and spices. Changing consumer preferences, with a focus on new and exotic tastes, have further fueled this market. In India factors such as urbanization, a growing middle-class population, and increased awareness of international cuisines have led to a higher demand for diverse and innovative flavors in the food and beverage industry.

The country section of the report also provides individual market-impacting factors and changes in market regulation that affect the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Flavour Market Share Analysis

The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.

Some of the major market players operating in the market are:

• DuPont (U.S.)
• ADM (U.S.)
• Kerry Group plc (Ireland)
• International Flavors & Fragrances, Inc. (U.S.)
• Firmenich SA (Switzerland)
• MANE (EN) (U.K.)
• Taiyo International (Japan)
• T.Hasegawa USA Inc (Japan)
• Synergy Flavors (U.S.)
• Sensient Technologies Corporation (U.S.)
• Bell Flavors & Fragrances (U.S.)
• Takasago International Corporation (Japan)
• Keva Flavours Pvt. Ltd. (India)
• Tate & Lyle (U.K.)
• Robertet, McCormick & Company, Inc. (U.K.)
• Huaian Wankang Flavours & Fragrances Ltd (China)
• Treatt Plc (U.K.)
• China Flavors & Fragrances Co. Ltd. (China)

SKU-59957