Flavour Market 2017 Top 5 Manufacturers in Switzerland, U.S., Japan and India
Research Reports
Jan 05, 2021
Market Overview
Flavour is considered as food additives or ingredients which are used commercially in food and beverages and other various applications. Flavor indicates the sensory impression of food or any other substance that is determined by chemical senses of taste and smell. It is the sensual impression of food or other applications such as beverages, cosmetic & personal care, nutraceutical and other end-use applications. There are various types of food additives which are commercially available that are added to food and beverages to make it tastier and more appealing. Flavors are prepared by the mixture of volatile chemicals.
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Competitive Analysis
This report includes a study of strategies used in the market, mergers and acquisitions in flavour, multiple product launch by flavour market players. It further includes product portfolios and developments of leading major players which includes
- Givaudan SA (Switzerland)
- Firmenich SA (Switzerland)
- International Flavors & Fragrances Inc. (U.S.)
- Symrise AG (Germany)
- Takasago International Corporation (Japan)
- Wild Flavors, Inc. (U.S.)
- Mane SA (U.S.)
- Sensient Technologies Corporation (U.S.)
- Hasegawa Co., Ltd (Japan)
- Kerry Group (India)
- Synergy Flavors, Inc. (U.S.)
- Huabao International (Japan)
- S H Kelkar and Company Limited (India).
The market players have increased their level of investment in research to identify right formulation and to improve product functionality in order to capture lion’s share and create brand recognition in flavour market. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
By Downstream Analysis
Among the product type, natural is projected to expand at a high pace during the review period of 2017-2022. The demand of the natural Flavour Market is increasing significantly in the developed economies. Due to the adverse health issues for the consumption of synthetic flavour in the processed food products have resulted in adoption of natural flavour. Also, the demand for the clean label products is growing over the last couple of years which in turn accelerates the sales of natural flavour. Among the application, food is estimated to account for maximum market proportion in the year of 2017 and it is estimated to retain its dominance throughout the forecast period.
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