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Flavor Compounds Market Trends

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

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Flavor compound Market Trends

The market are evolving towards natural and clean label ingredients as consumers prioritize health and wellness. There is a growing demand for innovative and exotic flavors, driven by consumer curiosity and global culinary influences. Sustainability is a key focus, with efforts to reduce waste and carbon footprint in flavor production. Additionally, the use of technology, such as artificial intelligence and data analytics, is enhancing flavor development and personalization, allowing companies to create unique taste experiences tailored to individual preferences while also addressing emerging dietary trends such as plant-based and functional flavors.

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.