Flavoring Agents Market: Share, Size, Price, Trends, Growth, Analysis, Report, and Forecast 2022-2029
Global Flavoring Agents Market Overview
The global Flavoring Agents market size was valued at US$ 4.34 Bn. in 2021 and is projected to reach US$ 6.82 Bn. by 2029, growing at a CAGR of 5.8% during the forecast period.
Market Overview:
The "Flavoring Agents Market" research aims to provide current market intelligence and support decision-makers in making well-informed investment choices. It delivers a detailed analysis of the global Flavoring Agents market by product type, application, key manufacturers, and key regions.
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Market Scope:
The research highlights the growth prospects, constraints, and comprehensive market analysis of the Flavoring Agents market. Using Porter's five forces analysis, the study evaluates the impact of various factors on market trends, including supplier bargaining power.
Drivers:
The report covers the major drivers and restraints influencing the Flavoring Agents market.
Segmentation:
by Type
• Natural flavor
• Artificial flavor
by Application
• Food Processing
• Bakery & Confectionary
• Beverage
• Pharmaceutical
• Others
by Distribution channel
• Offline Channel
• Online Channel
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Key Players:
• Givaudan
• Firmenich
• International Flavors & Fragrances Inc.
• Symrise AG
• Archer Daniels Midland
• Sensient Technologies
• ICC Industries Inc.
• Mane SA
• Robertet Group
• Takasago International Corporation
• Kerry Group
• T. Hasegawa Co. Ltd.
• Huabao International Holdings Ltd.
• Keva Flavours Pvt. Ltd.
• Flavorcan International Ltd.
Regional Analysis:
The report evaluates the global Flavoring Agents market across the following regions:
- North America (United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Flavoring Agents Market:
The COVID-19 pandemic has significantly impacted the global Flavoring Agents market in 2021, causing disruptions such as flight cancellations, travel bans, quarantines, restaurant closures, and restrictions on events. Additionally, over thirty countries have declared a state of emergency, leading to supply chain slowdowns, stock market fluctuations, business declines, public panic, and uncertainty about the future.
Key Questions Answered in the Flavoring Agents Market Report:
- What key trends are likely to emerge in the Flavoring Agents market during the forecast period?
- What will the Flavoring Agents market size be by 2027?
- Which company held the largest share in the Flavoring Agents market in 2020?
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