Europe Food Flavor and Enhancer Market Size, Share & growth 2031

Europe Food Flavor and Enhancer Market Size, Share & growth 2031

Segments - Europe Food Flavor and Enhancer Market by Types (Enhancers and Food Flavors [Synthetic Flavors, Natural Flavors, and Nature Identical Flavors]), Applications (Beverage, Dairy, Processed Food, Bakery, Confectionery, and Others), and Geography (the UK, Germany, Italy, France, the Netherlands, Spain, Russia, and Rest of Europe) - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-2866 | 4.6 Rating | 80 Reviews | 206 Pages | Format : PDF Excel PPT

Report Description


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.

Europe Food Flavor and Enhancer Market Outlook

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.

  • 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.

Attributes

Details

Report Title

Food Flavor and Enhancer Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Enhancers and Food Flavors [Synthetic Flavors, Natural Flavors, and Nature Identical Flavors]) and Applications (Beverage, Dairy, Processed Food, Bakery, Confectionery, and Others)

Geographical Scope

The UK, Germany, Italy, France, the Netherlands, Spain, Russia, and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Firmenich; European Flavours and Fragrances; Givaudan; Kerry Group plc; and BASF

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.

Europe Food Flavor and Enhancer Market Types Segmentation

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.

Europe Food Flavor and Enhancer Market Applications Segmentation

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.

Europe Food Flavor and Enhancer Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavor and Enhancer Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Flavor and Enhancer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Flavor and Enhancer Market - Supply Chain
  4.5. Global Food Flavor and Enhancer Market Forecast
     4.5.1. Food Flavor and Enhancer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Flavor and Enhancer Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Food Flavor and Enhancer Market Absolute $ Opportunity
5. Global Food Flavor and Enhancer Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Food Flavor and Enhancer Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Food Flavor and Enhancer Demand Share Forecast, 2019-2026
6. North America Food Flavor and Enhancer Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Food Flavor and Enhancer Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Food Flavor and Enhancer Demand Share Forecast, 2019-2026
7. Latin America Food Flavor and Enhancer Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Food Flavor and Enhancer Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Food Flavor and Enhancer Demand Share Forecast, 2019-2026
8. Europe Food Flavor and Enhancer Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Food Flavor and Enhancer Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Food Flavor and Enhancer Demand Share Forecast, 2019-2026
9. Asia Pacific Food Flavor and Enhancer Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Food Flavor and Enhancer Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Food Flavor and Enhancer Demand Share Forecast, 2019-2026
10. Middle East & Africa Food Flavor and Enhancer Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Food Flavor and Enhancer Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Food Flavor and Enhancer Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Food Flavor and Enhancer Market: Market Share Analysis
  11.2. Food Flavor and Enhancer Distributors and Customers
  11.3. Food Flavor and Enhancer Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

Our Clients

Siemens Healthcare
Pfizer
General Mills
Dassault Aviation
sinopec
The John Holland Group
Nestle SA
General Electric