The Global Artificial Flavors Market size is projected to reach USD 15.20 billion from USD 9.27 billion in 2019, delivering a CAGR of 5.3% through 2027. Increasing consumer demands for exotic flavored food beverage is likely to drive global artificial flavors market growth.
The artificial flavors are synthetically made in laboratories but are made in a manner that they taste and smell similar to the natural ingredient. Manufacturers make sure that the synthetic flavor nicely replicates the aroma and taste of the real ingredient in the final food or beverage product. As artificial flavors are made in laboratories, they are governed and labeled by regulatory bodies such as the Food and Drug Administration, European Food Safety Authority, and others. These agencies ensure the safety of artificial flavoring substances for human consumption.
Changing lifestyles with rapid globalization and urbanization trends will fuel the demand for variety in food and beverages, which, in turn, will create lucrative opportunities for the global artificial flavors market growth. Also, increasing consumption of fast-food items, extensive advancements in the synthetic flavoring substances, along with exponential growth of the FB industry in the Asia Pacifica region will foster artificial flavors market share through 2027.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2589
Key companies operating in the global Artificial Flavors market profiled in the report:
- International Flavors Fragrances,
- Givaudan,
- LorAnn Oils,
- Firmenich SA,
- Robertet Group,
- Hasegawa Co., Ltd.,
- Takasago International Corporation,
- Symrise AG,
- Robertet Group
- Others
The report offers details about each market player along with the global position, financial standing revenue contribution, product portfolio, and business expansion plans. The global Artificial Flavors market is extremely comprehensive and consists of leading players at regional and global levels focusing on adopting various strategies such as partnerships, joint ventures, mergers and acquisitions, collaborations, new product launches and research and development investments.
Buy Premium Reports @ https://www.reportsanddata.com/report-pricing/2589
The food and beverage industry is rapidly expanding in terms of revenue and is expected to account for lucrative revenue growth between 2021 and 2027 owing to rapid developments in the food and beverage sector, rising demand for high quality food, rapidly expanding global population and constantly changing public preferences. In addition, increasing investments to develop sustainable and eco-friendly products, increasing adoption of veganism and rising consumption of energy drinks, probiotics and increasing demand for packaged food are boosting global market growth.
Asia Pacific is expected to register fastest revenue CGAR throughout the forecast period owing to factors such as increasing consumption of healthy food and food products, emergence of new market players, rising disposable income and increasing demand for meat free and gluten free products.
Market Segmentation:
Applications Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Dairy Beverages
- Medicine
- Confectionery Snacks
- Meats
- Others
Form Factor Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Liquid
- Powder
Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Flavoring Tastes
- Flavoring Smell
- Flavoring Colors
- Mixed Flavoring Content
End-Use Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Edible
- Non-Edible
Key questions addressed in the global Artificial Flavors market report:
- Who are the key players operating in the global Artificial Flavors market?
- What are the key outcomes of SWOT analysis and Porter’s Five Force analysis of the global Artificial Flavors market?
- What are the key restraints that are expected to hamper global Artificial Flavors market growth during the forecast period?
- What are the key factors expected to boost global market revenue growth between 2021 and 2027?
- What revenue CAGR is the global Artificial Flavors market expected to register throughout the forecast period?
- Which region is expected to account for dominant revenue share over other regional markets throughout the forecast period?
Request a customization on the report @ https://www.reportsanddata.com/request-customization-form/2589
Thank you for reading the research report. We also offer customized report to the client as per request. Feel free to reach out to us to know more about the customization feature and our team will provide you with the best suited report.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
