Global Flavors Market Will Reach Usd 15.60 Billion by 2021: Zion Market Research

Published By:Zion Market Research

Global Flavors Market: Industry Size, Share, Trends
Analysis and Forecast, 2016 – 2021

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Flavors Market

Zion Market Research has published a new report titled “Flavors Market by Type (Natural and
Synthetic) for Beverages, Bakery, Confectionery, Dairy, Savory & Snacks and Others
Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.”
According to the report, global demand for flavors was valued at USD 11.50 billion in 2015, and
is expected to reach USD 15.60 billion in 2021, growing at a CAGR of 7.5% between 2016 and
2021. In terms of volume, the global flavors market stood at 587.0 million tons in 2015.
A flavor is very important entity of the food industry. It is primarily utilized to enhance and
accelerate the taste, smell and color of the products. It is available in two categories i.e. natural
and synthetic. However, natural flavors are in great demand due to the shifting preferences for
natural flavors rather than the synthetic. Natural flavors are derived from fruits, vegetables and
other substances, while synthetic flavors are obtained from chemicals. It has many diverse
applications such as food and beverages, oral care industry, beer industry, etc.

Flavors Market
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The major driving factor of global flavors market is growing demand for convenience food across
the globe. Secondly, the demand for various flavors is increasing from the beverages industry
which is expected to fuel the demand for flavors during the years to come. However, stringent
rules and regulations imposed by regulatory bodies on flavors are likely to hinder the growth of
market. Furthermore, new raw material sources are projected to open...