Europe Food Flavor Market

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

  • Report ID: FB-1096
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 180
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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.

Europe Food Flavor Market Key Takeaways

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.

Europe Food Flavor Market By Types

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.

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
Segments Covered in the Report
The Europe food flavor market has been segmented on the basis of
Types
  • Natural Flavor
  • Synthetic Flavor
  • Nature Identical Flavoring
Application
  • Dairy
  • Bakery
  • Confectionery
  • Snack and Savories
  • Beverages
  • Others
Geographies
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Spain
  • Rest of Europe
Key players
  • 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.

Europe Food Flavor Market By Key Players

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