Food Flavors Market is predicted to reach USD 24.81 billion at a CAGR of 4.61% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Food Flavors Market” that contains information from 2018 to 2030. The Food Flavors market is estimated to register a CAGR of 4.61% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Food Flavors market— Koninklijke DSM NV, Kerry Group PLC, BASF SE, Archer Daniels Midland (ADM), Givaudan, Firmenich SA, Corbion NV, Sensient Technologies, Symrise AG, and Cargill Inc.

Market Highlights

The global Food Flavors market is accounted to register a CAGR of 4.61% during the forecast period and is estimated to reach USD 24.81 billion by 2030.

The Food Flavors Market encompasses the global industry involved in the production and distribution of flavoring agents used to enhance the taste and aroma of food products. These flavors are derived from natural or synthetic sources and are utilized by food manufacturers to create unique and appealing tastes, driving the growth and innovation in the food industry.

Segment Analysis

The global Food Flavors market has been segmented based on Source and Application.

On the basis of Source, the market is segmented into natural and synthetic. The majority of the market's revenue for food flavours in 2022 was accounted for by the natural segment. This is mostly due to the influences of varied regional foods. Contrary to artificial food flavours, natural extracts from a variety of plants create the ethnicity of a regional meal. In order to offer an authentic taste, many fast food businesses are implementing these natural flavours.

Based on Application, the global Food Flavors market has been segmented into bakery & confectionery, dairy & frozen desserts, beverages, sweet & savory snacks, and others. In 2022, the beverages sector dominated the market, and it is anticipated that segment will see the fastest growth over the forecast period of 2022–2030. The premiumization, convenience, functionality, and sustainability tendencies that are currently in vogue are to blame for this.

Regional Analysis

The global Food Flavors market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Food Flavors market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Food Flavors market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Food Flavors market comprises of Middle East, Africa, and Latin America.

The Europe Food Flavors Market dominated this market in 2022 USD 8.29 billion in 2022 and is anticipated to increase at a notable CAGR throughout the research period. The European market saw a huge demand for dairy products like cheese, milk, or butter, which increases the demand for food flavours because dairy products use them to achieve a great taste.

Additionally, the second-largest market share for Food Flavors is held by North America. due to the consumption of a variety of regional cuisines in the area. Genuine food goods are consumed in the area because of its migrant population, which has led to the development of several global edible services. American consumers like the food from India and Japan. The food flavour market in Germany had the biggest market share, and the food flavour market in the UK had the quickest rate of growth in the continent of Europe.

Moreover, From 2022 to 2030, the market for food flavours in Asia-Pacific is anticipated to expand at the quickest CAGR. This is a result of the rising demand for new and improved food products. The market for food flavours in the region is being driven by the high level of production and sales in the food and beverage industry, the growing spending power of the general public, and the expanding presence of key regional players. The market for food flavours in India grew the fastest in the area, while the market for food flavours in China had the biggest market share.

Key Findings of the Study

• The global Food Flavors market is expected to reach USD 24.81 billion by 2030, at a CAGR of 4.61% during the forecast period.


• The Europe Food Flavors Market dominated this market in 2022 USD 8.29 billion in 2022 and is anticipated to increase at a notable CAGR throughout the research period.


• Based on Application, In 2022, the beverages sector dominated the market, and it is anticipated that segment will see the fastest growth over the forecast period of 2022–2030.


• Koninklijke DSM NV, Kerry Group PLC, BASF SE, Archer Daniels Midland (ADM), Givaudan, Firmenich SA, Corbion NV, Sensient Technologies, Symrise AG, and Cargill Inc.