Liquid Flavors Market Growth & Trends
The global liquid flavors market size is anticipated to reach USD 14.29 billion by 2030. The market is projected to grow at a CAGR of 3.1% from 2024 to 2030. Growth of key end-use industries such as beverages and processed foods is expected to remain a key driving factor for global liquid Flavor market. Increasing consumer awareness regarding detrimental effects of synthetic chemicals in artificial food ingredients has also prompted demand for natural and organic liquid Flavor. Rising disposable income and changing lifestyle of consumers in China, India, Vietnam and Indonesia is also expected to contribute towards market development.
Artificial flavor liquids accounted for a share of 42.5% in 2023. The food industry has witnessed an increase in the use of artificial flavors to create new product and cater to various consumer tastes. Moreover artificial flavors are flexible and dependable tool to improving overall sensory experience, smell and taste in various products, leading to their growing popularity among food manufacturers.
Liquid Flavors Market Report Highlights
- Artificial flavor liquids accounted for a share of 42.5% in 2023. The food industry has witnessed an increase in the use of artificial flavors to create new products and cater to various consumer tastes.
- Beverages accounted for the largest revenue share of 58.8% in 2023. The rising interest of consumers in products that improve mood and wellness led to a higher demand for flavors in beverages.
- North America liquid flavors market dominated the market in 2023. Factors driving growth include rising demand for various flavors in bakery, food and beverage sectors.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Liquid Flavors Marker Detection Market Variables, Trends, & Scope
Chapter 4. Liquid Flavors Marker Detection Market: Product Estimates & Trend Analysis
Chapter 5. Liquid Flavors Marker Detection Market: Application Estimates & Trend Analysis
Chapter 6. Liquid Flavors Marker Detection Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- Givaudan
- International Flavors & Fragrances Inc.
- Gold Coast Ingredients
- Nature's Flavors, Inc.
- Takasago International Corporation
- McCormick & Company, Inc.
- Kerry Group plc.
- Sensient Technologies Corporation
- Firmenich SA.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 11.46 Billion |
| Forecasted Market Value ( USD | $ 14.29 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
