Flavors (Food & Beverages) Market by Type (Natural and Artificial) and End User (Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, and Animal & Pet Food) - Global Opportunity Analysis and Industry Forecast, 2017-2023
- ALL1178797
- 133 Pages
- April 2017
- Food and Beverages
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.
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.
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.
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 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.
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
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
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.
(Companies mentioned above are not profiled in the report, but can be profiled upon client request.)
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segmentation
1.4 Research Methodology
1.4.1 Primary Research
1.4.2 Secondary Research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
2.2 Market beyond: what to expect by 2025
2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth Scenario
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top Factors Affecting the growth of global Flavors Market ( food and beverage)
3.2.2 Top Investment Pockets
3.3 Porters five force analysis
3.3.1 Low Bargaining Power of the Suppliers
3.3.2 Lower switching cost of solutions increases buyers bargaining power
3.3.3 High competent rivalry due to presence of strong players
3.3.4 Well-known brands of suppliers reduce the threat of new entrants in the industry
3.3.5 High Exit Barriers
3.4 Value chain analysis
3.5 Market dynamics
3.5.1 Drivers
3.5.1.1 Growing demand for RTE meal and fast foods
3.5.1.2 Growth of Health Products
3.5.1.3 Technological Strides
3.5.1.4 Rise in Income Level
3.5.2 Restraints
3.5.2.1 Increasing side effects of synthetic flavors
3.5.2.2 Stricter government regulations
3.5.2.3 Rising health awareness among the consumers
3.5.3 Opportunities
3.5.3.1 Emerging Economies
3.6 Market Share Analysis, 2014
3.6.1 Market Share of Major Player by Segment
3.6.2.1 Beverage Flavors Market Share By Players
3.6.2.2 Dairy & Frozen Product Flavors Market Share By Players
3.6.2.3 Bakery & Confectionery Flavors Market Share By Players
3.6.2.4 Savory & Snacks Flavors Market Share By Players
3.6.2 Market Share of Major Player By Geography
3.6.2.1 Market Share of Major Players In Americas
3.6.2.2 Market Share of Major Players In EMEA
3.6.2.3 Market Share of Major Players In Asia Pacific
CHAPTER 4 GLOBAL FLAVORS ( FOOD AND BEVERAGES) MARKET, BY TYPE
4.1 Natural Flavors
4.1.1 Key market trends
4.1.2 Key growth factors and opportunities
4.1.3 Market size and Forecast
4.2 Artificial Flavors
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and Forecast
CHAPTER 5 GLOBAL FLAVORS (FOOD & BEVERAGES) MARKET, BY END USERS
5.1 Beverages
5.1.1 Key market trends
5.1.2 Key growth factors and opportunities
5.1.3 Market size and Forecast
5.1.4 Hot Drinks
5.1.4.1 Key market trends
5.1.4.2 Key growth factors and opportunities
5.1.4.3 Market size and Forecast
5.1.5 Soft Drinks
5.1.5.1 Key market trends
5.1.5.2 Key growth factors and opportunities
5.1.5.3 Market Size and Forecast
5.1.6 Alcoholic drinks
5.1.6.1 Key market trends
5.1.6.2 Key growth factors and opportunities
5.1.6.3 Market size and forecast
5.2 Dairy and frozen products
5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.2.4 Dairy Products
5.2.4.1 Key Market Trends
5.2.4.2 Market size and forecast
5.2.5 Meat
5.2.5.1 Key Market Trends
5.2.5.2 Market size and Forecast
5.3 Bakery and Confectionery
5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and Forecast
5.3.4 Bakery
5.3.4.1 Key market trends
5.3.4.2 Key growth factors and opportunities
5.3.4.3 Market Size and Forecast
5.3.5 Chocolate
5.3.5.1 Key Market Trends
5.3.5.2 Key Growth Factors and Opportunities
5.3.5.3 Market Size and Forecast
5.3.6 Confectionary
5.3.6.1 Key Market Trends
5.3.6.2 Key Growth Factors and Opportunities
5.3.6.3 Market Size and Forecast
5.3.7 Ice cream
5.3.7.1 Key Market Trends
5.3.7.2 Key Growth Factors and Opportunities
5.3.7.3 Market Size and Forecast
5.4 Savory and Snacks
5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and Forecast
5.4.4 Savory
5.4.4.1 Key Market Trends
5.4.4.2 Key Growth Factors and Opportunities
5.4.4.3 Market Size and Forecast
5.4.5 Snacks
5.4.5.1 Key Market Trends
5.4.5.2 Key Growth Factor and Opportunities
5.4.5.3 Market Size and Forecast
5.5 Animal and Pet Food
5.5.1 Animal Feed
5.5.1.1 Key Market Trends
5.5.1.2 Key Growth Factors and Opportunities
5.5.1.3 Market Size and Forecast
5.5.2 Pet Food
5.5.2.1 Key Market Trends
5.5.2.2 Key Growth Factors and Opportunities
5.5.2.3 Market Size and Forecast
CHAPTER 6 GLOBAL FOOD FLAVORS MARKET, BY GEOGRAPHY
6.1 North America
6.1.1 Key market trends
6.1.2 Key growth factors and opportunities
6.1.3 Market size and Forecast
6.2 Western Europe
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and Forecast
6.3 Asia-Pacific
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market Size and Forecast
6.4 Eastern Europe
6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and Forecast
6.5 Latin America
6.5.1 Key market trends
6.5.2 Key growth factors and opportunities
6.5.3 Market size and Forecast
6.6 Middle East
6.6.1 Key market trends
6.6.2 Key growth factors and opportunities
6.6.3 Market size and Forecast
6.7 Africa
6.7.1 Key market trends
6.7.2 Key growth factors and opportunities
6.7.3 Market size and Forecast
CHAPTER 7 COMPANY PROFILES
7.1 Kerry Group, Plc.
7.1.1 Company Overview
7.1.2 Business performance
7.1.3 Swot analysis
7.2 Givaudan
7.2.1 Company Overview
7.2.2 Business performance
7.2.3 Swot analysis
7.3 Firmenich
7.3.1 Company Overview
7.3.2 Business performance
7.3.3 Swot analysis
7.4 Symrise AG
7.4.1 Company Overview
7.4.2 Business performance
7.4.3 Swot analysis
7.5 Sensient Technologies Corporation
7.5.1 Company Overview
7.5.2 Business performance
7.5.3 Swot analysis
7.6 Frutarom Industries
7.6.1 Company Overview
7.6.2 Business performance
7.6.3 Swot analysis
7.7 T. Hasegawa Co. Ltd.
7.7.1 Company Overview
7.7.2 Business performance
7.7.3 Swot analysis
7.8 International Flavors & Fragrances Inc.
7.8.1 Company Overview
7.8.2 Business performance
7.8.3 Swot analysis
7.9 Takasago International Corporation
7.9.1 Company Overview
7.9.2 Business performance
7.9.3 Swot analysis
7.10 Wild Flavors
7.10.1 Company Overview
7.10.2 Business performance
7.10.3 Swot analysis
7.11 Huabao International
7.11.1 Company Profile
7.11.2 Business Performance
7.11.3 Key Strategies and Developments
7.11.4 SWOT Analysis
LIST OF TABLES
TABLE 1 GLOBAL FOOD FLAVORS MARKET MODERATE GROWTH SCENARIO MARKET REVENUE BY GEOGRAPHY, 2020 - 2025 ($MILLION)
TABLE 2 GLOBAL FOOD FLAVORS MARKET RAPID GROWTH SCENARIO MARKET REVENUE BY GEOGRAPHY, 2020 - 2025 ($MILLION)
TABLE 3 GLOBAL FOOD FLAVORS MARKET DIMINISHING GROWTH SCENARIO MARKET REVENUE BY GEOGRAPHY, 2020 - 2025 ($MILLION)
TABLE 4 GLOBAL FLAVORS (FOOD & BEVERAGE) MARKET BY TYPE
TABLE 5 GLOBAL NATURAL FLAVORS (FOOD & BEVERAGE) MAKRET, BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 6 GLOBAL ARTIFICIAL FLAVORS (FOOD & BEVERAGE) MAKRET, BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 7 GLOBAL BEVERAGES,END USER MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 8 GLOBAL BEVERAGES, MARKETREVENUE BY TYPE, 2013 - 2020 ($MILLION)
TABLE 9 GLOBAL HOT DRINKS MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 10 GLOBAL SOFT DRINKS MARKETREVENUEBY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 11 GLOBAL ALCOHOLIC DRINKS MARKETREVENUEBY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 12 GLOBAL DAIRY AND FROZEN PRODUCTS FLAVOR MARKETREVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION) )
TABLE 13 GLBAL DAIRY & FROZEN FOOD FLAVORSMARKET REVENUES BY TYPES2013 - 2020 ($MILLION)
TABLE 14 DAIRY PRODUCTS FLAVOR MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION) ($MILLION)
TABLE 15 FROZEN PRODUCTS FLAVOR MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION) ($MILLION)
TABLE 16 BAKERY AND CONFECTIONARY FLAVOR MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 17 BAKERY AND CONFECTIONARY FLAVORS MARKET REVENUE BY TYPE, 2013 - 2020 ($MILLION)
TABLE 18 BAKERY FLAVOR MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 19 CHOCOLATE FLAVOR MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 20 CONFECTIONARIES FLAVORS MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 21 ICE CREAM FLAVORS MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 22 SAVORY AND SNACKS FLAVOURS MARKET REVENUE BY TYPE, 2013 - 2020 ($MILLION)
TABLE 23 SAVORY AND SNACKS FLAVOURS MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 24 SAVORY FLAVOURS MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 25 SNACKS FLAVOURS MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 26 ANIMAL AND PET FOOD FLAVOUR MARKET REVENUE BY TYPE, 2013 - 2020 ($MILLION)
TABLE 27 ANIMAL FEED FOOD FLAVOUR MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 28 PET FOOD FLAVOUR MARKET REVENUE BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 29 GLOBAL FOOD FLAVORS MARKET BY GEOGRAPHY, 2013 - 2020 ($MILLION)
TABLE 30 KERRY GROUP SNAPSHOT
TABLE 31 GIVAUDAN SNAPSHOT
TABLE 32 FIRMENICH SNAPSHOT
TABLE 33 SYMRISE SNAPSHOT
TABLE 34 SENSIENT TECHNOLOGIES CORPORATION SNAPSHOT
TABLE 35 FRUTAROM INDUSTRIES LTD.
TABLE 36 T. HASEGAWA CO. LTD. SNAPSHOT
TABLE 37 INTERNATIONAL FLAVORS & FRAGRANCE SNAPSHOT
TABLE 38 TAKASAGO INTERNATIONAL CORPORATION SNAPSHOT
TABLE 39 WILD FALVORS, INC. SNAPSHOT
TABLE 40 HUABAO INTERNATIONAL COMPANY SNAPSHOT
LIST OF FIGURES
FIG. 1 TOP FACTORS IMPACTING GLOBAL FOOD FLAVOR MARKET (2014 -2020)
FIG. 2 TOP INVESTMENT POCKET
FIG. 3 VALUE CHAIN ANALYSIS, GLOBAL FOOD FLAVOR MARKET
FIG. 4 GROUP TRADING PROFIT, 2013
FIG. 5 REVENUES ($MILLIONS), YEAR-WISE
FIG. 6 KERRY INGREDIENTS AND FLAVOURS: REVENUE(PERCENTAGE) BY DESTINATION, 2013
FIG. 7 SWOT ANALYSIS
FIG. 8 GLOBAL MARKET SHARE (PERCENTAGE), 2013 (DEVELOPED AND DEVELOPING COUNTRIES)
FIG. 9 GIVAUDAN REVENUE ($MILLION)
FIG. 10 GROWTH SALES (PERCENTAGE), FLAVORS AND FRAGRANCE, 2014
FIG. 11 COMPANY REVENUES ($MILLIONS)
FIG. 12 INCREASED REVENUE SHARE IN LOCAL AND REPORTING CURRENCIES (SWISS FRANCS), 2014
FIG. 13 COMPANY REVENUES ($MILLIONS)
FIG. 14 REGION WISE SALES (PERCENTAGE), 2013
FIG. 15 SEGMENT-WISE MARKET SHARE 2014
FIG. 16 REVENUES ($MILLION)
FIG. 17 REVENUES ($MILLIONS), YEAR-WISE
FIG. 18 SEGMENT MARKET SHARE (PERCENTAGE), BY SALES
FIG. 19 NET SALES ($MILLIONS), BY YEAR
FIG. 20 SEGMENT WISE SALES (PERCENTAGE), 2013
FIG. 21 T. HASEGAWAS FLAVORS SALES BY MARKET (NON-CONSOLIDATED)
FIG. 22 NET SALES, YEAR WISE ($MILLION)
FIG. 23 R&D EXPENDITURE (PERCENTAGE)
FIG. 24 SALES ($MILLION), YEAR WISE
FIG. 25 CAPITAL INVESTMENT ($MILLION), YEAR WISE
FIG. 26 HUABAO INTERNATIONAL NET SALES
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