Flavoring agents are usually used to enhance the taste of the food. They are food additives with fruit, nuts; seafood, vegetables, wine etc. are some flavouring agents. They are used to create the taste in candies and snakes. Natural flavouring, artificial flavouring and nature- identical flavouring are three types of the flavors.
Few of the major competitors currently working in the flavoring agents market are:-Cargill, Incorporated., Archer Daniels Midland Company, Givaudan, Sensient Technologies Corporation, Kerry Inc., International Flavors & Fragrances, Inc., Tate &Lyle,
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Global flavoring agents market is expected to register a moderate growth in the forecast period of 2019-2026. Increasing health awareness amongst the consumer is the major factor for the growth of this market.
Key Developments in the Industry:
- In December 2017, Parkers product announced the launch of their new flavors for ice cream. Pineapple lime bar, circus animal, southern charm, heavenly hash and cold brew are the flavors that are launched.
- In May 2018, Prova announced the launch of its new Procao Cocao extracts and flavors whose aim is to provide high and genuine chocolate taste. It has dark, milk, white chocolate along with fruity, caramel and roasted offering.
Global Flavoring Agents Market Analysis On By Type (Natural Flavors, Artificial Flavors), End- User (Beverages, Dairy & Frozen Products, Bakery & Confectionary, Savory & Snacks, Animal & Pet Food), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Market Competitors Analysis:
Few of the major competitors currently working in the flavoring agents market are
- Archer Daniels Midland Company,
- Sensient Technologies Corporation,
- Kerry Inc.,
- International Flavors & Fragrances, Inc.,
- Tate &Lyle,
- Firmenich SA,
- Takasago International Corporation,
- Flavorchem Corporation,
- Frutarom Health,
Global flavoring agents market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flavoring agents market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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- Increasing demand for the natural and authentic flavour is the major factor driving the market.
- Advancement in the technologies is driving the market.
- Side- effects caused by the flavors is the major factor restraining the growth of this market.
Global Flavoring Agents Market Segmentation:
- Natural Flavors
- Artificial Flavors
By End- User
- Hot Drinks
- Soft Drinks
- Alcoholic Drinks
Dairy & Frozen Products
- Dairy Products
- Bakery & Confectionary
Bakery & Confectionary
- Ice Cream
Savory & Snacks
Animal & Pet Food
- Animal Feeds
- Pet Food
- North America
- South America
- Middle East and Africa
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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