Europe Food Flavor Market by Types (Natural Flavor, Synthetic Flavor, and Nature Identical Flavoring), Applications (Dairy, Bakery, Confectionery, Snacks and Savories, Beverages, and Others), and Geographies (UK, Germany, France, Russia, Italy, Spain, Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Europe food flavor market is projected to expand at a CAGR of 4.2% during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for ready-to-eat food products and fast foods.
The food flavoring industry is highly dependent on the easy availability of the raw materials. The industry players have set up production bases in the local market to easily get access to the same. This step has intensified the competition amongst the players in the local market. Globalization and modernization have further increased the requirement of flavors and food processing facilities.
Market Drivers, Restraints, Trends, and Opportunities
- Increasing food demand owing to rising population is expected to propel the market growth.
- Growing consumption of low fat, low salt, and low carbohydrate food products is one of the key drivers of the growth of the market during the forecast period.
- The COVID-19 pandemic disrupted the supply chain owing to closedown of manufacturing facilities across the globe. However, the market is anticipated to recover soon in Europe.
- Rising demand for flavors that are free of synthetic additives in the Europe-based countries. Moreover, increasing requirement of clean label or green food products is expected to stimulate the growth of the market
Scope of the Report
The report on the Europe food flavor 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 Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Natural Flavor, Synthetic Flavor, and Nature Identical Flavoring), Applications (Dairy, Bakery, Confectionery, Snacks and Savories, Beverages, and Others) |
|
Regional Scope |
UK, Germany, France, Russia, Italy, Spain, 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 |
Givaudan, Kerry Group plc, European Flavours and Fragrances, BASF, and Firmenich |
Europe Food Flavor Market Segment Insights
Natural flavor segment to account a major market share
Based on types, the market is divided as natural flavor, synthetic flavor, and nature identical flavoring. The natural flavor segment is projected to account for a large market share during the forecast period. Rising trend of naturally sourced ingredients is expected to propel the segment growth. Germany, France, and Spain are one of the major markets for the natural food flavor products
Food and beverage companies have been forced to remove artificial flavors and additives from their product lines. The natural flavor segment has affected the global flavor market; however, producers have responded with high innovation and investments in R&D activities. Rising consumer concerns regarding the usage of food additives and preservatives have led to the demand for natural flavors across the region.
Bakery segment to dominate the market
In terms of applications, the market is segregated as dairy, bakery, confectionery, snacks and savories, beverages, and others. The bakery segment is anticipated to dominate the market during the forecast period. The segment growth is attributed to the increasing number of bakeries in the region. Moreover, rising number of home bakers due to the COVID-19 pandemic has boosted the segment growth. On the other hand, the snacks and savories segment is expected to expand at a robust CAGR in the projected timeline.
The market in Spain is projected to exhibit a high CAGR
On the basis of geographies, the market is categorized as UK, Germany, France, Russia, Italy, Spain, and Rest of Europe. The market in Spain is projected to expand at a high CAGR during the forecast period. Spain is the sixth-highest food and drink exporter in Europe and comes in top 10 list globally. In Spain, natural food flavors derived from spices and herbs are in high demand, which is expected to continue in the projected timeline. Consumers in Spain are seeking healthier food ingredients and natural food flavors, which is anticipated to drive the market growth in the region.
Segments
Segments Covered in the ReportThe Europe food flavor market has been segmented on the basis of
Types
- Natural Flavor
- Synthetic Flavor
- Nature Identical Flavoring
- Dairy
- Bakery
- Confectionery
- Snack and Savories
- Beverages
- Others
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Givaudan
- Kerry Group plc
- European Flavours and Fragrances
- BASF
- Firmenich
Competitive Landscape
Some of the key players in the market are Givaudan, Kerry Group plc, European Flavours and Fragrances, BASF, Firmenich.
Major companies are adopting strategies, such as introducing clean labels and organic flavor ranges and acquiring and partnering with local players to increase their market penetration in the untapped markets.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavor 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 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 Market - Supply Chain
4.5. Global Food Flavor Market Forecast
4.5.1. Food Flavor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Flavor Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Flavor Market Absolute $ Opportunity
5. Global Food Flavor Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Food Flavor Market Size and Volume Forecast by Types
5.3.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Flavor Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Food Flavor Market Size and Volume Forecast by Applications
6.3.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Food Flavor Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Food Flavor Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Food Flavor Demand Share Forecast, 2019-2026
8. North America Food Flavor 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
8.2. North America Food Flavor Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Food Flavor Market Size and Volume Forecast by Types
8.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Food Flavor Market Size and Volume Forecast by Applications
8.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Food Flavor Demand Share Forecast, 2019-2026
9. Latin America Food Flavor 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. Latin America Average Pricing Analysis
9.2. Latin America Food Flavor Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Food Flavor Market Size and Volume Forecast by Types
9.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Food Flavor Market Size and Volume Forecast by Applications
9.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Food Flavor Demand Share Forecast, 2019-2026
10. Europe Food Flavor 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. Europe Average Pricing Analysis
10.2. Europe Food Flavor Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Food Flavor Market Size and Volume Forecast by Types
10.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Food Flavor Market Size and Volume Forecast by Applications
10.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Food Flavor Demand Share Forecast, 2019-2026
11. Asia Pacific Food Flavor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Food Flavor Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Food Flavor Market Size and Volume Forecast by Types
11.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Food Flavor Market Size and Volume Forecast by Applications
11.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Food Flavor Demand Share Forecast, 2019-2026
12. Middle East & Africa Food Flavor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Food Flavor Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Food Flavor Market Size and Volume Forecast by Types
12.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Food Flavor Market Size and Volume Forecast by Applications
12.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Food Flavor Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Food Flavor Market: Market Share Analysis
13.2. Food Flavor Distributors and Customers
13.3. Food Flavor Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Givaudan Kerry Group plc European Flavours and Fragrances BASF Firmenich
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavor 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 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 Market - Supply Chain
4.5. Global Food Flavor Market Forecast
4.5.1. Food Flavor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Flavor Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Flavor Market Absolute $ Opportunity
5. Global Food Flavor Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Food Flavor Market Size and Volume Forecast by Types
5.3.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Flavor Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Food Flavor Market Size and Volume Forecast by Applications
6.3.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Food Flavor Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Food Flavor Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Food Flavor Demand Share Forecast, 2019-2026
8. North America Food Flavor 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
8.2. North America Food Flavor Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Food Flavor Market Size and Volume Forecast by Types
8.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Food Flavor Market Size and Volume Forecast by Applications
8.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Food Flavor Demand Share Forecast, 2019-2026
9. Latin America Food Flavor 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. Latin America Average Pricing Analysis
9.2. Latin America Food Flavor Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Food Flavor Market Size and Volume Forecast by Types
9.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Food Flavor Market Size and Volume Forecast by Applications
9.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Food Flavor Demand Share Forecast, 2019-2026
10. Europe Food Flavor 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. Europe Average Pricing Analysis
10.2. Europe Food Flavor Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Food Flavor Market Size and Volume Forecast by Types
10.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Food Flavor Market Size and Volume Forecast by Applications
10.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Food Flavor Demand Share Forecast, 2019-2026
11. Asia Pacific Food Flavor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Food Flavor Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Food Flavor Market Size and Volume Forecast by Types
11.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Food Flavor Market Size and Volume Forecast by Applications
11.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Food Flavor Demand Share Forecast, 2019-2026
12. Middle East & Africa Food Flavor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Food Flavor Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Food Flavor Market Size and Volume Forecast by Types
12.4.1. Natural Flavor Synthetic Flavor Nature Identical Flavoring
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Food Flavor Market Size and Volume Forecast by Applications
12.7.1. Dairy Bakery Confectionery Snack and Savories Beverages Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Food Flavor Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Food Flavor Market: Market Share Analysis
13.2. Food Flavor Distributors and Customers
13.3. Food Flavor Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Givaudan Kerry Group plc European Flavours and Fragrances BASF Firmenich
Segments Covered in the Report
The Europe food flavor market has been segmented on the basis of
Types
The Europe food flavor market has been segmented on the basis of
Types
- Natural Flavor
- Synthetic Flavor
- Nature Identical Flavoring
- Dairy
- Bakery
- Confectionery
- Snack and Savories
- Beverages
- Others
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Givaudan
- Kerry Group plc
- European Flavours and Fragrances
- BASF
- Firmenich
Some of the key players in the market are Givaudan, Kerry Group plc, European Flavours and Fragrances, BASF, Firmenich.
Major companies are adopting strategies, such as introducing clean labels and organic flavor ranges and acquiring and partnering with local players to increase their market penetration in the untapped markets.
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