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Flavor Compounds Market Size, Share & Trends Analysis Report By Flavor (Salty, Fruity, Savory, Spicy, Sweet), By Application (Protein Bars & Snacks, Meat Alternatives), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 134 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899622
Description Jump to:
The global flavor compounds market size is expected to reach USD 660.4 million by 2030, registering a CAGR of 5.7% from 2023 to 2030. The market growth is being driven by several key factors. Firstly, consumer preferences have evolved toward more diverse and exotic flavors in various food and beverage products. This shift fuels a growing interest in global cuisines, culinary experimentation, and an overall demand for unique sensory experiences. As a result, the food and beverage industry is increasingly incorporating flavorful compounds to meet these evolving tastes. The rise of health-conscious consumers has also led to a demand for natural and clean-label products.

Flavorful compounds derived from natural sources, such as herbs, spices, and fruits, are considered healthier alternatives to artificial additives and are in high demand by food manufacturers aiming to cater to this health-conscious demographic. Furthermore, advancements in food technology and the availability of innovative extraction and flavor synthesis techniques have made it easier for companies to develop and incorporate flavorful compounds into their products. This has led to a surge in food and beverage innovations featuring unique and appealing tastes.

The industrial usage of flavorful compounds spans various applications, including the food and beverage industry, pharmaceuticals, and cosmetics. In the food industry, these compounds enhance the taste and aroma of products, create signature flavors, and extend the shelf life of certain items. For instance, they are commonly used to produce savory snacks, confectionery, and beverages. In the pharmaceutical sector, these compounds can mask the bitter taste of medicines, making them more palatable for patients. The cosmetics industry uses these compounds to formulate fragrances and scents for perfumes, skincare products, and toiletries.

Flavor Compounds Market Report Highlights

  • In terms of revenue, the salty flavor segment held the largest share in 2022. Salty flavors are commonly associated with snack foods, which are popular choices for on-the-go consumption. The increasing consumption of convenience and snack foods has driven the need for salty flavor compounds
  • The protein bars & snacks segment is expected to grow at the fastest CAGR from 2023 to 2030. Protein bars and snacks come in various flavors to cater to different tastes and preferences. Flavor compounds allow manufacturers to offer various options, from traditional flavors like chocolate and vanilla to more exotic or unique flavor profiles. This variety helps attract a broader consumer base and keeps the market dynamic and appealing
  • Europe is expected to grow at a CAGR of 5.6% from 2023 to 2030. Europe has a robust food and beverage industry with a strong emphasis on innovation. Manufacturers continually develop new products and reform existing ones to align with changing consumer preferences and regulations. Flavor compounds enable this innovation by providing the tools to create appealing and on-trend flavor profiles in a wide range of products

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Flavor Outlook
2.3. Application Outlook
2.4. Regional Outlook
2.5. Competition Outlook
Chapter 3. Flavor Compounds Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Key Observations & Findings
Chapter 5. Flavor Compounds Market: Flavor Estimates & Trend Analysis
5.1. Flavor Movement Analysis & Market Share, 2022 & 2030
5.2. Salty flavor
5.2.1. Salty flavor market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Fruity flavor
5.3.1. Fruity flavor market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Savory flavor
5.4.1. Savory flavor market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Spicy flavor
5.5.1. Spicy flavor market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Sweet flavor
5.6.1. Sweet flavor market estimates and forecast, 2017 - 2030 (USD Million)
5.7. Others
5.7.1. Other snacks market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Flavor Compounds Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2022 & 2030
6.2. Meat alternatives
6.2.1. Meat alternatives market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Plant-based yogurts
6.3.1. Plant-based yoghurts market estimates and forecast, 2017 - 2030 (USD Million)
6.4. Plant-based beverages
6.4.1. Plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
6.5. Protein bars & snacks
6.5.1. Protein bars & snacks market estimates and forecast, 2017 - 2030 (USD Million)
6.6. Others
6.6.1. Other market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Flavor Compounds Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.5.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.2.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.6.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.2.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.5. UK
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.6.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.3.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.7. Italy
7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.7.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.3.7.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.8. Spain
7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.8.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.3.8.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.6.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.7. Australia
7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.7.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.4.7.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.8. South Korea
7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.8.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.4.8.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.6.4. UAE
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.6.5. South Africa
7.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.5.2. Market estimates and forecast, by flavor, 2017 - 2030 (USD Million)
7.6.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2022 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include:
8.9.1. Givuadan
8.9.2. Firmenich SA
8.9.3. Symrise AG
8.9.4. Sensient Technologies Corporation
8.9.5. International Flavors & Fragrances Inc.
8.9.6. Takasago International Corporation
8.9.7. Kerry Group plc
8.9.8. MANE
8.9.9. Robertet Group
8.9.10. Huabao Flavours & Fragrances Co., Ltd.
8.9.11. Others
List of Tables
1. Flavor compounds market-Driving factor market analysis
2. Flavor compounds market-Restraint factor market analysis
3. Flavor compounds market estimates & forecast, by flavor (USD Million)
4. Flavor compounds market estimates & forecast, by application (USD Million)
5. U.S. macro-economic outlay
6. Canada macro-economic outlay
7. Mexico macro-economic outlay
8. UK macro-economic outlay
9. Germany macro-economic outlay
10. France macro-economic outlay
11. Italy macro-economic outlay
12. Spain macro-economic outlay
13. China macro-economic outlay
14. Japan macro-economic outlay
15. India macro-economic outlay
16. Australia macro-economic outlay
17. South Korea macro-economic outlay
18. Brazil macro-economic outlay
19. UAE macro-economic outlay
20. South Africa macro-economic outlay
21. Recent developments & impact analysis, by key market participants
22. Company market share, 2022 (Value % Share)
23. Company heat map analysis
List of Figures
1. Information procurement
2. Primary research pattern
3. Primary research approaches
4. Primary research process
5. Market Snapshot
6. Segment Snapshot
7. Segment Snapshot
8. Competitive Landscape Snapshot
9. Flavor compounds market size, 2017 to 2030 (USD Million)
10. Flavor compounds market: Value chain analysis
11. Flavor compounds market: Profit-margin analysis
12. Flavor compounds market: Dynamics
13. Flavor compounds market: Porter’s five forces analysis
14. Factors affecting buying decisions for Flavor compounds
15. Flavor compounds market, by flavor: Key takeaways
16. Flavor compounds market, by flavor: Market share, 2022 & 2030
17. Salty flavor market estimates and forecast, 2017-2030 (USD Million)
18. Fruity flavor market estimates and forecast, 2017-2030 (USD Million)
19. Savory flavor market estimates and forecast, 2017-2030 (USD Million)
20. Spicy flavor market estimates and forecast, 2017-2030 (USD Million)
21. Sweet flavor market estimates and forecast, 2017-2030 (USD Million)
22. Other market estimates and forecast, 2017-2030 (USD Million)
23. Flavor compounds market, by application: Key takeaways
24. Flavor compounds market, by application: Market share, 2022 & 2030
25. Meat alternatives market estimates & forecast, 2017-2030 (USD Million)
26. Plant-based yogurts market estimates & forecast, 2017-2030 (USD Million)
27. Plant-based beverages market estimates & forecast, 2017-2030 (USD Million)
28. Protein bars & snacks market estimates & forecast, 2017-2030 (USD Million)
29. Other market estimates & forecast, 2017-2030 (USD Million)
30. Regional marketplace: Key takeaways
31. Regional marketplace: Key takeaways
32. North America flavor compounds market estimates & forecast, 2017-2030 (USD Million)
33. U.S. flavor compounds market estimates & forecast, 2017-2030 (USD Million)
34. Canada flavor compounds market estimates & forecast, 2017-2030 (USD Million)
35. Mexico flavor compounds market estimates & forecast, 2017-2030 (USD Million)
36. Europe flavor compounds market estimates & forecast, 2017-2030 (USD Million)
37. UK flavor compounds market estimates & forecasts, 2017-2030 (USD Million)
38. Germany flavor compounds market estimates & forecasts, 2017-2030 (USD Million)
39. France flavor compounds market estimates & forecasts, 2017-2030 (USD Million)
40. Italy flavor compounds market estimates & forecasts, 2017-2030 (USD Million)
41. Spain flavor compounds market estimates & forecasts, 2017-2030 (USD Million)
42. Asia Pacific flavor compounds market estimates & forecast, 2017-2030 (USD Million)
43. China flavor compounds market estimates & forecast, 2017-2030 (USD Million)
44. Japan flavor compounds market estimates & forecast, 2017-2030 (USD Million)
45. India flavor compounds market estimates & forecast, 2017-2030 (USD Million)
46. South Korea flavor compounds market estimates & forecast, 2017-2030 (USD Million)
47. Australia flavor compounds market estimates & forecast, 2017-2030 (USD Million)
48. Central & South America flavor compounds market estimates & forecast, 2017-2030 (USD Million)
49. Brazil flavor compounds market estimates & forecast, 2017-2030 (USD Million)
50. Middle East & Africa flavor compounds market estimates & forecast, 2017-2030 (USD Million)
51. UAE Flavor compounds market estimates & forecast, 2017-2030 (USD Million)
52. South Africa flavor compounds market estimates & forecast, 2017-2030 (USD Million)
53. Key company categorization
54. Company market share analysis, 2022

Companies Mentioned

  • Givuadan
  • Firmenich SA
  • Symrise AG
  • Sensient Technologies Corporation
  • International Flavors & Fragrances Inc.
  • Takasago International Corporation
  • Kerry Group plc
  • MANE
  • Robertet Group
  • Huabao Flavours & Fragrances Co., Ltd.
  • Others

Methodology

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Table Information

Report AttributeDetails
No. of Pages134
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 424.61 Million
Forecasted Market Value ( USD ) by 2030 $ 660.4 Million
Compound Annual Growth Rate5.7%
Regions CoveredGlobal
No. of Companies Mentioned11

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