Food flavors market is growing at a rapid pace in recent years

The #foodflavors Market size is projected to reach USD 20.7 billion by 2025, recording a CAGR of 4.8%.

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The food flavors market is growing at a rapid pace with increasing innovations to launch customized flavor blends. Thus, manufacturers are exploring new revenue streams by launching customized blends in flavors.

The development of advanced products, such as organic and natural beverage flavors, presents excellent opportunities for the growth of the food flavors market. Further opportunities for the market are seen in emerging economies through expansions and investments by key players. Enhancing the product’s flavor profile is the major purpose of developing innovative flavors. The adverse health effects of synthetic flavors and lower availability & stability of natural flavors are the key restraints of the market.

Food flavors are highly used in food applications, such as dairy products, bakery and confectionery, meat products, and other applications, such as sauces and condiments. The food applications use the flavors in large quantities, thereby driving the market. Hence, it is the dominating application segment of the flavors market.

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Some key players are DuPont (US), Archer Daniels Midland (ADM) (US), Givaudan (Switzerland), Kerry Group (Ireland), International Flavors & Fragrances (US), Firmenich (Switzerland).