Global Food flavors Market to Reach $17.4 Billion by 2027: AMR

Portland, OR, May 19, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global food flavors market garnered $14.6 billion in 2019, and is estimated to reach $17.4 billion by 2027, registering a CAGR of 4.6% from 2020 to 2027. The report offers an extensive analysis of the key market dynamics, driving forces & opportunities, key segments, pricing, product portfolio, and competitive scenario.Rise in demand for RTE meal and fast foods, surge inuse of health products, rise in income levels, and technological strides drive the growth of the global food flavors market. However, surge in side effects of artificial flavors, stringent government regulations, and increase in health awareness among consumers hinder the market growth. On the other hand, opportunities in the unpenetrated and under penetrated developing countries would also increase the opportunitiesfor the global market in the coming years.Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/672
Covid-19 scenario:The global lockdown has offered numerous challenges to the global food flavoring industry. Where on the one hand, various companies are witnessing a shortage of lab workers, on the other hand, it has become difficult to tackle the disruptions in the supply chain.Moreover,  various regions are entering in recovery phase and initiating to continue their procedures. to manage the availability of the essential requirements. Based on type, the artificial segment accounted for the highest share in 2019, accounting for more than two-thirds of the total revenue, and is estimated to maintain its lead position throughout the forecast period. However, the natural segment is expected to portray the highest CAGR of 5.6% from 2020 to 2027.Based on end-user, the beverages segment contributed to the largest share in 2019, accounting for nearly one-third of the total market share, and is estimated to maintain its highest share during the forecast period. However, the savory and snacks segment is projected to register the highest CAGR of 6.3% during the forecast period.Send Me Enquire@ https://www.alliedmarketresearch.com/purchase-enquiry/672Based on region, Asia Pacific held the largest market share, accounting for nearly one-third of the total share in 2019, and will maintain its dominance during the forecast period. However, Asia-Pacific is estimated to grow at the highest CAGR of 6.0% during the forecast period.Leading players of the global food flavors market analyzed in the study includeFrutarom Industries Ltd., Huabao International Holdings Limited, Kerry Group, Plc.,Robertet SA, S H Kelkar and Company Limited., FirmenichSA, Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, and Givauda International SA.Avenue Basic Plan | Library Access | 1 Year Subscription |
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