Liquid Flavors Market Size To Reach $14.29 Billion By 2030

Liquid Flavors Market Growth & Trends

The global liquid flavors market size is anticipated to reach USD 14.29 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 3.1% from 2024 to 2030. Growth of key end-use industries such as beverages and processed foods is expected to remain a key driving factor for global liquid Flavor market. Increasing consumer awareness regarding detrimental effects of synthetic chemicals in artificial food ingredients has also prompted demand for natural and organic liquid Flavor. Rising disposable income and changing lifestyle of consumers in China, India, Vietnam and Indonesia is also expected to contribute towards market development. 

Artificial flavor liquids accounted for a share of 42.5% in 2023. The food industry has witnessed an increase in the use of artificial flavors to create new product and cater to various consumer tastes. Moreover artificial flavors are flexible and dependable tool to improving overall sensory experience, smell and taste in various products, leading to their growing popularity among food manufacturers. 

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Liquid Flavors Market Report Highlights

• Artificial flavor liquids accounted for a share of 42.5% in 2023. The food industry has witnessed an increase in the use of artificial flavors to create new products and cater to various consumer tastes.

• Beverages accounted for the largest revenue share of 58.8% in 2023. The rising interest of consumers in products that improve mood and wellness led to a higher demand for flavors in beverages.

• North America liquid flavors market dominated the market in 2023. Factors driving growth include rising demand for various flavors in bakery, food and beverage sectors.

Liquid Flavors Market Segmentation

Grand View Research has segmented the global liquid flavors market on the basis of product, application, and region:

Liquid Flavors Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Organic Flavor Concentrates

• Flavor Extracts

• Artificial Flavor Liquids

Liquid Flavors Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Beverages

• Bakery & confectionaries

• Dairy & frozen foods

• Processed foods

• Others

Liquid Flavors Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • New Zealand

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List Of Key Players in the Liquid Flavors Market

• Givaudan 

• International Flavors & Fragrances Inc. 

• Gold Coast Ingredients

• Nature's Flavors, Inc.

• Takasago International Corporation

• McCormick & Company, Inc.

• Kerry Group plc. 

• Sensient Technologies Corporation

• Firmenich SA.