Global Flavors Market Size & Outlook
The flavors industry worldwide is expected to reach a projected revenue of US$ 28,540.4 million by 2030. A compound annual growth rate of 5.7% is expected of the worldwide flavors industry from 2023 to 2030.
Revenue, 2022 (US$M)
$18,270.0
Forecast, 2030 (US$M)
$28,540.4
CAGR, 2023 - 2030
5.7%
Report Coverage
Worldwide
Global flavors market, 2017-2030 (US$M)
Related Markets
Global flavors market highlights
- The global flavors market generated a revenue of USD 18,270.0 million in 2022 and is expected to reach USD 28,540.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, food accounted for a revenue of USD 11,888.8 million in 2022.
- Beverages is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 18,270.0 million |
| Market revenue in 2030 | USD 28,540.4 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Food |
| Fastest growing segment | Beverages |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food, Beverages, Others (Tobacco products, pharmaceuticals, etc.) |
Other key industry trends
- In terms of revenue, the North America accounted for 25.0% of the global flavors market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 452.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Flavors Market Scope
Flavors market segmentation & scope
Flavors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global flavors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flavors market will help companies and investors design strategic landscapes.
food was the largest segment with a revenue share of 65.07% in 2022. Horizon Databook has segmented the Global flavors market based on food, beverages, others (tobacco products, pharmaceuticals, etc.) covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Flavors Application Outlook (Revenue, USD Million, 2017-2030)
- Food
- Dairy Products
- Bakery & Confectionery
- Supplements & Nutrition Products
- Meat & Seafood Products
- Snacks
- Pet Foods
- Sauces, Dressings & Condiments
- Others (plant-based food, baby food, etc.)
- Beverages
- Juices & Juice Concentrates
- Functional Beverages
- Alcoholic Beverages
- Carbonated Soft Drinks
- Others (Smoothies, Coffee, etc.)
- Others (Tobacco products, pharmaceuticals, etc.)
- Food
- Global Flavors Nature Outlook (Revenue, USD Million, 2017-2030)
- Natural
- Synthetic
- Global Flavors Form Outlook (Revenue, USD Million, 2017-2030)
- Powder
- Liquid/Gel
Reasons to subscribe to Global flavors market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global flavors market databook
-
Our clientele includes a mix of flavors market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global flavors market , including forecasts for subscribers. This global databook contains high-level insights into Global flavors market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global flavors market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Flavors market size, 2022 (USD Million)
Top 10 countries: Flavors market size, 2022 (USD Million)
Global flavors market, by region, 2022 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
