Flavoring agents are added to the food in order to enhance the taste and texture. There are three kinds of flavoring agents- natural flavoring substances, artificial flavoring agents and nature identical flavoring agents. Natural flavoring agents are usually derived from herbs, spices, animals and microbial fermentation. They can be used for human consumption either in their natural form or in refined form, and they do not contain any flavoring agents similar to nature or synthetic. Nature-identical flavoring agents are the flavoring compounds produced by synthesis or extracted by chemical processes. They are widely used in industries such as dairy & frozen products, bakery & confectionary, beverages, among others.
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The global flavoring agents market is segmented into type as natural flavors & artificial flavors; and end- user as beverages, dairy & frozen products, bakery & confectionary, savory & snacks, and animal & pet food.
“According to Data Bridge Market Research, Global Flavoring Agents Market is set to witness a substantial growth in the forecast period of 2019-2026”
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, Firmenich SA, MANE, Takasago International Corporation, Flavorchem Corporation, Frutarom Health, Symrise among others.
Rising popularity of processed food and increasing health awareness among population has increased the consumption of flavors which are made with fruit, seafood, wines, and other which is expected to enhance the market growth. The prevailing demand from young and geriatric population for functional beverages; this is another factor which directly impacts the market growth. All these factors enhance the growth of the market creating avenues and surging the demand in future.
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Global Flavouring Agents Market – Industry Trends and Forecast to 2028