$6.9 Bn Flavor Systems Market by Type Application, Source, Form, and Region - Global Forecast to 2023

10/24/2018, 12:35 PM (Source: GlobeNewswire)

Dublin, Oct. 24, 2018 (GLOBE NEWSWIRE) -- The "Flavor Systems Market by Type (Brown, Dairy, Herbs & Botanicals, Fruits & Vegetables), Application (Beverages, Savories & Snacks, Bakery & Confectionery Products, Dairy & Frozen Desserts), Source, Form, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The flavor systems market is estimated to be valued at USD 5.64 billion in 2018 and is projected to reach 6.96 billion by 2023, at a CAGR of 4.3% from 2018.

The market is driven by the creation of novel flavors driven by favorable consumer perceptions and the cross-product usage of flavors. Limited extraction from natural resources is the major restraint for the growth of this market.

The fruits & vegetables segment is projected to grow at the highest CAGR during the forecast period. The rising awareness about health among consumers has led many manufacturers to include the usage of fruit & vegetable flavors in their products. As a result, the market is experiencing the highest growth rate.

The flavor systems market is estimated to be dominated by the liquid segment in 2018, which is also projected to be the fastest-growing segment in 2018. The dominance of the liquid segment is attributed to the fact that liquid flavors can be easily mixed together to provide a homogeneous distribution of each flavor component - a reason why most of the end-product manufacturers prefer the usage of liquid flavors.

The European market is estimated to account for the largest share in 2018; this market is majorly driven by Germany, which is a major market for flavor systems. The food & beverage industry in the country accounted for the third-largest share in the German economy. It is also a significant market for alcoholic beverages in Europe, which uses a lot of flavor system inputs. Additionally, the bakery & confectionery industry of the country also accounts for a substantial global share, making itself one of the largest users of flavor systems.

The key players in the flavor systems market adopted expansions & investments as their key growth strategy to increase their market share and profits. Acquisitions were the second most important growth strategy to be adopted by the market players.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Flavor Systems Market
4.2 Flavor Systems Market, By Key Country
4.3 Europe: Flavor Systems Market, By Type & Key Country
4.4 Flavor Systems Market, By Form & Region
4.5 Flavor Systems Market, By Application & Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Creation of Novel Flavors Driven By Favorable Consumer Reception
5.2.1.2 Cross-Product Usage of Flavors
5.2.2 Restraints
5.2.2.1 Limited Extraction From Natural Sources
5.2.3 Opportunities
5.2.3.1 Mass Customization Creating New Market Opportunities
5.2.4 Challenges
5.2.4.1 Increase in the Prices of End Products
5.3 Value Chain

6 Flavor Systems Market, By Type
6.1 Introduction
6.2 Brown
6.3 Dairy
6.4 Herbs & Botanicals
6.5 Fruits & Vegetables
6.6 Others

7 Flavor Systems Market, By Source
7.1 Introduction
7.2 Nature-Identical Flavors
7.3 Artificial Flavors
7.4 Natural Flavors

8 Flavor Systems Market, By Form
8.1 Introduction
8.2 Liquid
8.3 Dry

9 Flavor Systems Market, By Application
9.1 Introduction
9.2 Beverages
9.3 Dairy & Frozen Desserts
9.4 Bakery & Confectionery Products
9.5 Savories & Snacks

10 Flavor Systems Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 Rest of Asia-Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 Rest of the World (RoW)
10.6.1 Middle East
10.6.2 Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 Expansions and Investments
11.3.2 Acquisitions
11.3.3 New Product Launches
11.3.4 Joint Ventures and Partnerships

12 Company Profiles
12.1 Givaudan
12.2 International Flavors & Fragrances (IFF)
12.3 Firmenich
12.4 Symrise
12.5 Frutarom
12.6 Sensient
12.7 Mane Sa
12.8 Takasago
12.9 Robertet
12.10 Tate & Lyle
12.11 T. Hasegawa
12.12 Kerry Group

For more information about this report visit https://www.researchandmarkets.com/research/pmpj98/6_9_bn_flavor?w=12

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Related Topics: Food Additives

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