Flavor Compounds Market Size To Reach $660.4 Million By 2030

Flavor Compounds Market Growth & Trends

The global flavor compounds market size is expected to reach USD 660.4 million by 2030, registering a CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth is being driven by several key factors. Firstly, consumer preferences have evolved toward more diverse and exotic flavors in various food and beverage products. This shift fuels a growing interest in global cuisines, culinary experimentation, and an overall demand for unique sensory experiences. As a result, the food and beverage industry is increasingly incorporating flavorful compounds to meet these evolving tastes. The rise of health-conscious consumers has also led to a demand for natural and clean-label products.

Flavorful compounds derived from natural sources, such as herbs, spices, and fruits, are considered healthier alternatives to artificial additives and are in high demand by food manufacturers aiming to cater to this health-conscious demographic. Furthermore, advancements in food technology and the availability of innovative extraction and flavor synthesis techniques have made it easier for companies to develop and incorporate flavorful compounds into their products. This has led to a surge in food and beverage innovations featuring unique and appealing tastes.

The industrial usage of flavorful compounds spans various applications, including the food and beverage industry, pharmaceuticals, and cosmetics. In the food industry, these compounds enhance the taste and aroma of products, create signature flavors, and extend the shelf life of certain items. For instance, they are commonly used to produce savory snacks, confectionery, and beverages. In the pharmaceutical sector, these compounds can mask the bitter taste of medicines, making them more palatable for patients. The cosmetics industry uses these compounds to formulate fragrances and scents for perfumes, skincare products, and toiletries.

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Flavor Compounds Market Report Highlights

• In terms of revenue, the salty flavor segment held the largest share in 2022. Salty flavors are commonly associated with snack foods, which are popular choices for on-the-go consumption. The increasing consumption of convenience and snack foods has driven the need for salty flavor compounds

• The protein bars & snacks segment is expected to grow at the fastest CAGR from 2023 to 2030. Protein bars and snacks come in various flavors to cater to different tastes and preferences. Flavor compounds allow manufacturers to offer various options, from traditional flavors like chocolate and vanilla to more exotic or unique flavor profiles. This variety helps attract a broader consumer base and keeps the market dynamic and appealing

• Europe is expected to grow at a CAGR of 5.6% from 2023 to 2030. Europe has a robust food and beverage industry with a strong emphasis on innovation. Manufacturers continually develop new products and reform existing ones to align with changing consumer preferences and regulations. Flavor compounds enable this innovation by providing the tools to create appealing and on-trend flavor profiles in a wide range of products

Flavor Compounds Market Segmentation

Grand View Research has segmented the global flavor compounds market on the basis of flavor, application, and region:

Flavor Compounds Flavor Outlook (Revenue, USD Million, 2017 - 2030)

• Salty Flavor

• Fruity Flavor

• Savory Flavor

• Spicy Flavor

• Sweet Flavor

• Others

Flavor Compounds Application Outlook (Revenue, USD Million, 2017 - 2030)

• Meat Alternatives

• Plant-based Yogurts

• Plant-based Beverages

• Protein Bars & Snacks

• Others

Flavor Compounds Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• UK

• France

• Italy

• Spain

• Asia Pacific

• China

• India

• Japan

• Australia

• South Korea

• Central & South America

• Brazil

• Middle East & Africa

• South Africa

List of Key Players in the Flavor Compounds Market

• Givuadan

• Firmenich SA

• Symrise AG

• Sensient Technologies Corporation

• International Flavors & Fragrances Inc.

• Takasago International Corp.

• Kerry Group plc

• MANE

• Robertet Group

• Huabao Flavours & Fragrances Co., Ltd.