Key Players in the market are Firmenich Flavours, Frutarom Industries Ltd. Flavors, Givaudan Flavor, International Flavors, Kerry Group Flavors, V. Mane Fils SA Flavors, Syrmise AG Flavor & Nutrition, Sensient Flavors.
(PRWEB) July 07, 2014
The European market for flavors in food and beverages is a major player in the global market, also making a valuable contribution to the European economy in terms of employment and production. In addition, its research and development capabilities contribute greatly towards major innovations in the food industry. The flavor industry employs nearly 10,000 highly skilled workers in over 300 large, medium, and small-sized enterprises across the region. The leading markets for natural flavors in the Europe are the U.K., Germany, France, Italy, and Spain, which also have the largest food industries. Natural flavors in Europe are in huge demand for its natural origin healthier value and premiumization. The European market is consolidated with large flavor houses, thus contributing to a large market share for the flavorants market.
Browse through the market data tables, figures and detailed ToC on the “Europe Flavourant Market”.
North America Flavourant Market
The North American market holds the major share in the global food flavor market and is projected to grow at a CAGR of 5.3% from 2013 to 2018. North Americans are health conscious, which has led to a shift in food preferences, towards natural foods. These foods contain natural flavors, which possess health benefits thereby increasing the value of the food. The North Americans are ready to pay premium prices for these products. In addition to this, the increasing technological advancements have boosted the growth for the food flavor market in this region. North Americans are also known for the high adoption rate for technological innovations, which makes them ready to adopt such technologies.
Asia-Pacific Flavourant Market
The Asia-Pacific market for flavors in food and beverages is estimated to grow at a CAGR of 6.0% from 2013 to 2018. Asia-Pacific is one of the emerging regions in the global market, with China and India as the fastest-growing representative economies, where the rate of urbanization is high, and thus the high consumption of premium products. Hence, the scope for the flavors market is very high in this region. There exists a large consumption of soft drinks and dairy-based food and beverages in these countries. The consumption of packaged foods and convenience foods is also gaining momentum. The rise in population has a tremendous impact on the global food supply, thus increasing the demand for food flavors market.
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