Europe Food Flavor and Enhancer Market Outlook 2031
The Europe food flavor and enhancer market size was valued at USD 3.93 Billion in 2022 and is projected to reach USD 5.89 Billion by 2031, expanding at a CAGR of 4.6% during the forecast period, 2023–2031. The growth of the market is attributed to the growing demand for variety of food flavors and enhancers.
Food flavors are ingredients added to the food to maintain & improve its freshness, texture, taste, and appearance. The food flavors and enhancers are represented by a mixture of taste components, spices, herbs, and colors. The most commonly used seasonings include herbs, spices, condiments, and vinegars. The food flavoring industry uses about 2,500 different substances as food flavors and enhancers.
The most often used ingredients include menthol which gives a peppermint taste and citral which tastes of lemon to the food products. The natural flavoring substances are obtained from plant and animal raw materials using physical, microbiological & enzymatic processes. The natural flavors can directly be used in their natural form or processed form for consumption.
The most widely used natural flavorings include eggs, herbs, spices, fruit juices, edible yeast, and vegetable juice. The nature-identical flavoring substances are the flavoring ingredients that are obtained by synthesis through chemical processes but their chemical structures are identical to the natural products.
These flavorings do not contain any artificial flavoring substances and safe to use as an additive in food production. However, the artificial flavoring substances are typically produced by fractional distillation and additional chemical manipulation of naturally sourced chemicals.
The artificial or synthetic flavors are widely used in confectionery & bakery industry. The most commonly used chemicals in food flavoring include allylpyrazine, methoxypyrazines, aldehydes, alcohols, esters, ketones, pyrazines, phenolics, and terpenoids.
Europe Food Flavor and Enhancer Market Trends, Drivers, Restraints and Opportunities
- Rising demand for flavoured food & beverages and availability of innovative raw material sources are the major factor propelling the market expansion during the projected period.
- Increase in demand for ready-to-eat meals and fast food is estimated to contribute to the market expansion during the forecast period.
- Shift in consumer food preference and rising trend of vegan diet estimated to positively influence the market growth in the coming years.
- Side-effects of added flavours and compliance with quality & regulatory standards are anticipated to restrict the market expansion during the projected timeline.
- Increasing industrial advancement for innovative flavours & enhancers is expected to create numerous opportunities for the market growth in the coming years.
Scope of Europe Food Flavor and Enhancer Market Report
The report on the Europe food flavor and enhancer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Food Flavor and Enhancer Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Enhancers and Food Flavors [Synthetic Flavors, Natural Flavors, and Nature Identical Flavors]) and Applications (Beverage, Dairy, Processed Food, Bakery, Confectionery, and Others)
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Geographical Scope
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The UK, Germany, Italy, France, the Netherlands, Spain, Russia, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Firmenich; European Flavours and Fragrances; Givaudan; Kerry Group plc; and BASF
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Europe Food Flavor and Enhancer Market Segment Inisghts
Types Segment Analysis
Based on types, the market is bifurcated into enhancers and food flavors. The food flavors segment is further categorized as synthetic flavors, natural flavors, and nature identical flavors. The natural flavors sub-segment is projected to expand at a robust CAGR during the forecast period owing to the rising production of commercialized clean label food products that are free of additives and harmful chemicals.
Furthermore, the rising demand for green food products, stringent quality & regulatory standards, and increasing food quality & safety awareness are expected to encourage the growth of the market segment. On the other hand, the enhancers segment is anticipated to hold a significant market share during the forecast period due to the increasing production of prepared, processed, & convenience food products and growing application of food additives.
Applications Segment Analysis
On the basis of applications, the market is segregated into beverage, dairy, processed food, bakery, confectionery, and others. The dairy segment is expected to grow at a rapid pace during the projected period due to the rising sales of flavored dairy based beverages and energy drinks.
Moreover, the increasing industrial investment for innovative flavors and enhancers in dairy technology is expected to boost the growth of the market segment in the coming years. On the other hand, the bakery segment is anticipated to exhibit a substantial growth during the forecast period owing to the sedentary lifestyle and rapid increase in the population resulting into subsequent increase in processed food consumption.
Geography Segment Analysis
In terms of geography, the Europe food enzymes market is classified as the UK, Germany, Italy, France, the Netherlands, Spain, Russia, and Rest of Europe. The market in Spain is anticipated to constitute a key share of the market during the projected period owing to the growing production & exportation and rising demand for natural food flavors derived from spices and herbs.
However, the market in the UK is anticipated to exhibit a robust CAGR during the forecast period due to growing consumers preference for healthier food ingredients and increasing demand for natural food flavors in the domestic market.
Segments
The Europe food flavor and enhancer market has been segmented on the basis of
Types
- Enhancers
- Food Flavors
- Synthetic Flavors
- Natural Flavors
- Nature Identical Flavors
Applications
- Beverage
- Dairy
- Processed Food
- Bakery
- Confectionery
- Others
Geography
- The UK
- Germany
- Italy
- France
- Netherlands
- Spain
- Russia
- Rest of Europe
Key Players
- Firmenich
- European Flavours and Fragrances
- Givaudan
- Kerry Group plc
- BASF
Competitive Landscape
Key players competing in the Europe food flavor and enhancer market are Firmenich; European Flavours and Fragrances; Givaudan; Kerry Group plc; and BASF. Companies are focusing on growing manufacturing facilities, long-term agreements, and forming strong distribution networks with other industry players in order to expand their market shares.
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