Food Flavors

Global Food Flavors Market to Reach US$24.7 Billion by 2030

The global market for Food Flavors estimated at US$20.1 Billion in the year 2024, is expected to reach US$24.7 Billion by 2030, growing at a CAGR of 3.5% over the analysis period 2024-2030. Natural, one of the segments analyzed in the report, is expected to record a 4.0% CAGR and reach US$12.2 Billion by the end of the analysis period. Growth in the Synthetic segment is estimated at 3.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.2 Billion While China is Forecast to Grow at 5.4% CAGR

The Food Flavors market in the U.S. is estimated at US$5.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 2.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Global Food Flavors Market - Key Trends & Drivers Summarized

The food flavors market is a dynamic and essential sector of the food industry, driving the taste and sensory experience of a wide range of food and beverage products. Food flavors are used to enhance or modify the taste and aroma of food, ensuring that products meet consumer preferences and expectations. These flavors can be natural, derived from herbs, spices, fruits, and other natural sources, or synthetic, created through chemical processes to replicate natural flavors. The demand for diverse and exotic flavors has been on the rise, fueled by the globalization of food cultures and the increasing consumer interest in unique and innovative taste experiences.

Technological advancements in flavor extraction and formulation have significantly expanded the possibilities in the food flavors market. Modern techniques such as supercritical CO2 extraction, microencapsulation, and advanced enzymatic processes have improved the efficiency and precision of flavor production. These innovations not only enhance the quality and stability of flavors but also ensure their safety and compliance with regulatory standards. Additionally, the development of natural and clean-label flavors aligns with the growing consumer preference for healthier and more transparent food products. Companies are investing heavily in research and development to create flavors that not only taste great but also meet the evolving demands for sustainability and health-consciousness.

The growth in the food flavors market is driven by several factors. The increasing consumer demand for processed and convenience foods has significantly boosted the need for diverse and robust flavors. The trend towards healthier eating and clean-label products has led to a surge in the demand for natural flavors and ingredients. Additionally, the expansion of the food and beverage industry in emerging markets has created new opportunities for flavor manufacturers. Innovations in food processing and flavor delivery systems are further propelling the market, allowing for more complex and authentic flavor profiles. These factors, combined with the ongoing globalization of food culture and the continuous pursuit of novel taste experiences, ensure a robust and sustained growth trajectory for the food flavors market.

SCOPE OF STUDY:

The report analyzes the Food Flavors market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Natural, Synthetic); Form (Liquid & Gel, Dry); Application (Beverages, Bakery & Confectionery, Savory & Snacks, Dairy & Frozen Products, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 145 Featured) -

• A&B Ingredients, Inc.
• Archer-Daniels-Midland Company (ADM)
• Ajinomoto Group
• Bell Flavours & Fragrances
• Cargill, Incorporated
• DPO International Sdn. Bhd.
• Firmenich SA
• Givaudan SA
• Huabao International Holdings Limited
• International Flavors & Fragrances Inc.
• Kerry Group plc
• Koninklijke DSM N.V.
• Mane SA
• Robertet Group
• S.H. Kelkar & Company Limited (Keva)
• Sensient Technologies Corporation
• Symrise AG
• T. Hasegawa Co., Ltd.
• Takasago International Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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