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Flavor Compounds Market Share

Report ID: GMI6951
Published Date: Oct 2023
Report Format: PDF

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Flavor compound Market Share

Major players operating in the Flavor compound industry include:

Givaudan
Firmenich
Symrise
IFF (International Flavors & Fragrances)
Sensient Technologies
Kerry Group
Takasago International Corporation
FONA International
Frutarom (now part of IFF)
Tate & Lyle

Some of the major market players operating in the market are Givaudan, Firmenich, Symrise, IFF (International Flavors & Fragrances), Sensient Technologies, Kerry Group among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Flavor compound market was valued at USD 24.99 billion in 2022 and is anticipated to grow a CAGR of over 5.9% between 2023 and 2032.

Protein bars, driven by the demand for convenient and nutritious on-the-go snacks, held a significant 54.4% market share in 2022 and is projected to grow through 2032 as flavor compounds play a crucial role in enhancing the taste and texture of protein bars.

North America dominated the flavor compound market in 2022, accounting for a major share of around 39.4%, due to the well-established food & beverage sector, innovative product development, and evolving consumer preferences.

Givaudan, Firmenich, Symrise, IFF (International Flavors & Fragrances), Sensient Technologies, Kerry Group, Takasago International Corporation, FONA International, Frutarom (now part of IFF), and Tate & Lyle.