Flavor is determined majorly by the taste, smell, and chemical sense. It is the sensory impression of food. Flavors are the intense preparations added in the food products, to enhance the flavor after processing. Flavors are recommended in small amounts and cannot consumed alone. Flavors are generally derived from natural and artificial sources. The natural sources for flavors include herbs, spices and many others. These flavors are available in powder, liquid, powder, and paste forms.
Increase in the demand for convenience food is the key factor expected to drive the growth of the flavor market. The growth in the food and beverage industry and technological advancements are adding scope for the further development of new products which is likely enhance the growth of the flavor market. The mounting purchasing power and increasing research and development activities for the development or introduction of new flavors are providing an opportunity for the manufacturers to expand their portfolio. However, the stringent government regulations are hindering the growth of the market. The side effects of artificial flavors are likely to hamper the growth of the flavor market over the forecast period.
Market Scope: Flavors Market
Flavors market has been segmented on the basis of source, type, and application.
Based on the source, the market is segmented into the following:
Based on the type, the market is segmented into the following:
Based on application, the market is segmented into the following:
Geographically, global flavors market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe flavor market to keep the top spot in the global market. The burgeoning food and beverage industry are enriching the growth of the market in this region. North America follows Europe in the flavor market. The Asia Pacific is projected to grow exponentially over the forecast period. The developing technologies in the emerging economies such as China and India are expected to drive the growth of the market. The expansion of manufacturers into the emerging economies is expected to boost the growth of the market in this region.
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