Europe Food Flavors Market Forecast 2019-2028
The Europe food flavors market is anticipated to record a CAGR of 3.70%, across the forecast period of 2019 to 2028. The region's market growth is influenced by factors such as the growing demand for natural food flavors, and the shifting trends and need for nutritional products.
The Europe food flavors market growth is analyzed through the United Kingdom, Netherlands, Russia, Denmark, Norway, Germany, Spain, France, Belgium, Finland, Iceland, Czech Republic, Poland, Sweden, and the rest of Europe. The French market for food flavors is continually gaining traction due to the increased demand for natural food flavors. Moreover, the need for nutritious products and their changing trends are projected to drive the demand for natural food flavors in France. Besides, the country's food and beverage industry has observed a decline in artificial food flavors, because of the surging application of natural flavors across sectors such as bakery and confectionery, and beverages.
On the other hand, more than 80% of the food consumed in France is processed. As a result, this encourages snack manufacturers to introduce new products with natural ingredients, including organic food flavors. Moreover, companies operating across the beverages segment are eliminating products that are regarded as unhealthy, among consumers. Instead, they are being replaced with healthy and natural ingredients that are better comprehended by consumers. Hence, these factors are attributed to driving the region's market growth for food flavors.
The Foodie Flavours, Givaudan International SA, Symrise AG, Firmenich SA, Kerry Group PLC, Robertet SA, etc., are among the distinguished companies operating in the market.
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• Market Segmentation cater to a thorough assessment of key segments with their market estimations
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