Global liquid Flavor market is expected to reach USD
11.06 billion by 2022, according to a new report by Grand View Research, Inc.
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.
North America liquid flavor market revenue by product, 2012-2022, (USD Million) |
Artificial
flavor liquids were the leading product segment and accounted for 45.7% of
total market revenue in 2014. Flavor extracts are expected to witness the
highest growth of 5.3% from 2015 to 2022. Growing demand for organic
ingredients in beverages and processed food industries is expected to drive
this segment over the forecast period.
Browse full
research report on Liquid Flavor Market: www.grandviewresearch.com/industry-analysis/liquid-flavor-market
Further key
findings from the report suggest:
- Global liquid Flavor market size was valued at
USD 7.78 billion in 2014 and is expected to reach USD 11.06 billion by
2022, growing at a CAGR of 4.3% from 2015 to 2022.
- Beverages were the leading application segment
with demand share exceeding 60% in 2014. Rising demand for liquid Flavor
in consumer products such as sports & energy drinks, carbonated
beverages & alcoholic drinks to enhance taste and aroma is expected to
drive this segment over the forecast period. Processed food is expected to
witness the highest growth of 5.4% from 2015 to 2022.
- North America was the leading regional market
and accounted for over 35% of global revenue in 2014. The region is
characterized by diverse food consumption habits and high awareness among
consumers regarding natural Flavor.
- Asia Pacific is expected to register highest
revenue growth with China and India being the forerunners in the region.
Growth of processed foods, dairy products and beverages industries in
these countries are expected to drive the regional growth. The region is
expected to grow at an estimated CAGR of 6.2% from 2015 to 2022.
- The global liquid Flavor market share is
dominated by integrated companies such as Symrise AG, Flavor Gourmet, and
BioSun Flavor & Food Ingredients. Other companies with significant
presence include Frutarom, Takasago, McCormik & Co., and Natures
Flavor.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the global liquid Flavor market on the
basis of product and application:
Global
Liquid Flavor Product Outlook (Revenue, USD Million; 2012 - 2022)
- Organic
Flavor Concentrates
- Flavor
Extracts
- Artificial
Flavor Liquids
Global
Liquid Flavor Application Outlook (Revenue, USD Million; 2012 - 2022)
- Beverages
- Bakery
& Confectionery
- Dairy
& Frozen Foods
- Processed
Foods
- Others
Global
Liquid Flavor Regional Outlook ( Revenue, USD Million; 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- Italy
- France
- Asia
Pacifi
- China
- India
- Central
& South America
- Middle
East & Africa
Access Press Release By Grand View Research:
www.grandviewresearch.com/press-release/global-liquid-flavor-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.