Europe Food Flavors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Food Flavors Market Analysis
The European food flavor market is valued at USD 3,939.1 million in the current year and is projected to register a CAGR of 4.6% during the forecast period.
Since the beginning of the global COVID-19 pandemic, the European food flavor market's year-over-year growth rate has declined. Government restrictions and significant manufacturing and supply chain disruptions followed this. However, the market also saw a slow but steady rise in demand during the period when the lockdowns were lifted as more people throughout the world began to buy more food products, including food and beverages.
Over the years, globalization and modernization have accelerated the need for flavors and food processing industries. Additionally, the rise in the consumption rate of low-fat, low-salt, and low-carbohydrate food is the key driver for the increasing food flavors' consumption/demand. As flavors are region and country-specific, manufacturers are focusing on acquiring a larger market share by producing customized flavors.
The food flavoring industry is highly dependent on the easy availability of raw materials. The market players have set up production bases in the local market to get easy access to the same, which has intensified the competition in the local market. This changing consumer behavior and market dynamics for food flavorings are pushing food manufacturers to quit the application of artificial additives in food products. Major food companies like Kellogg's, General Mills, Nestle, Campbell, and Kraft have further committed to restricting the use of artificial additives and flavors in their product formulations, pointing to a promising future for naturally occurring flavors derived from plants during the forecast period.
Europe Food Flavors Market Trends
This section covers the major market trends shaping the Europe Food Flavor Market according to our research experts:
Growing Inclination toward Ready to Eat Meals
One of the key drivers propelling the growth of the food flavor market is the rising demand for ready-to-eat meals (including ready-to-eat foods, ready-to-drink drinks, snacks, frozen meals, and other such food products). The demand for processed and packaged foods is rising in both developed and developing regions of the world as a result of rising urbanization, an expanding middle-class population, an increase in the number of working women, and an increase in disposable incomes. As a result, there is a significantly larger need for food packaging and processing solutions. Food flavors are, therefore, widely utilized in processed and convenience food items in order to maintain the freshness, safety, taste, appearance, and texture of processed meals. The demand for high-end food products with fresh tastes has also grown as customers' awareness of their own health has expanded. In order to increase their consumer base, manufacturers are encouraged to provide a wide selection of food products with all kinds of premium alternatives. For instance, Mane, a France-based manufacturer of premium, high-performing natural flavors, offers new premium natural flavors, such as Amarena, Burnt Sugar, Crema Fiorentina, and Mascarpone.
Germany Accounts for the Largest Market Share
Germany is the biggest market for food and beverages in the European Union. The food processing industry represents the third-largest industry in Germany, according to the US Department of Agriculture (USDA). The country's food and beverage industry offers excellent potential for tastemakers since flavor is a vital component of foods and beverages, which contributes to palatability, product positioning, and customer targeting. As the aging population in Germany consumes more nutritive products due to rising health concerns, there is a continuous rise in demand for specialty ingredients, along with natural food flavors in the functional and fortified beverages segment. Food flavor producers and companies regularly monitor market trends and always seek alternative techniques to capitalize on evolving consumer preferences.
Europe Food Flavors Industry Overview
The food flavor market in Europe is highly competitive. Kerry Group plc, Firmenich SA, Givaudan, European Flavours and Fragrances, and BASF SE are a few key players present in the market. These players are adopting strategic approaches such as expansion, partnerships, and mergers and acquisitions to gain market share. Companies operating in the market studied are focusing on producing products with fewer artificial ingredients and with clean labels. For instance, in July 2021, Synergy Flavours launched Inspiring Fruits, a collection of fruit essences and natural flavors. In addition, companies are introducing clean labels and organic flavor ranges and are acquiring and partnering with local players to increase their market presence in untapped and potential markets.
Europe Food Flavors Market Leaders
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Givaudan
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Kerry Group Plc
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European Flavours and Fragrances
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BASF SE
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Firmenich SA
*Disclaimer: Major Players sorted in no particular order
Europe Food Flavors Market News
- September 2022: Rhovanil Natural Delica, Alta, and Sublima were the three new natural additives that 'Solvay' added to the lineup of Rhovanil Natural CW, one of its signature products. With these new products, the business aimed to meet rising customer demands for healthier, safer, tastier, and more natural products while enabling the food and beverage industry to move to natural ingredients at a reasonable cost.
- June 2022: Givaudan, with Manus Bio, a biomanufacturer of natural products, announced the launch of BioNootkatone, a sustainable, natural, clean-label citrus flavor ingredient. BioNootkatone provides a refreshing, natural citrus taste that can be used in a variety of food and beverage applications.
- October 2021: The UK-based flavoring manufacturer ITS expanded its capacity for testing milk flavorings by opening a pilot ultra-high temperature (UHT) unit in England.
Europe Food Flavors Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Natural Flavor
- 5.1.2 Synthetic Flavor
- 5.1.3 Nature Identical Flavoring
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5.2 By Application
- 5.2.1 Dairy
- 5.2.2 Bakery
- 5.2.3 Confectionery
- 5.2.4 Snacks and Savories
- 5.2.5 Beverage
- 5.2.6 Other Applications
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5.3 By Form
- 5.3.1 Liquid
- 5.3.2 Powder
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5.4 By Geography
- 5.4.1 United Kingdom
- 5.4.2 Germany
- 5.4.3 France
- 5.4.4 Russia
- 5.4.5 Italy
- 5.4.6 Spain
- 5.4.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Position Analysis
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6.3 Company Profiles
- 6.3.1 Givaudan
- 6.3.2 Kerry Group Plc
- 6.3.3 European Flavours and Fragrances
- 6.3.4 BASF
- 6.3.5 Firmenich
- 6.3.6 FMC Corporation
- 6.3.7 International Flavors & Fragrances Inc.
- 6.3.8 DuPont de Nemours Inc.
- 6.3.9 Symrise
- 6.3.10 Sensient Technologies Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Food Flavors Industry Segmentation
A food flavor can be defined as a flavoring agent, like a food additive, that is utilized to enhance the color, taste, or smell of the food. The European food flavor market is segmented by type, application, form, and geography. On the basis of type, the market is segmented into natural flavor, synthetic flavor, and natural identical flavors. On the basis of application, the market is segmented into dairy, bakery, confectionery, snacks and savories, beverages, and other applications. In terms of form, the market is segmented into liquid and powder forms. The report also provides a regional analysis. On the basis of geography, the segment is categorized into Spain, the United Kingdom, Germany, France, Italy, Russia, and the Rest of Europe. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Type | Natural Flavor |
| Synthetic Flavor | |
| Nature Identical Flavoring | |
| By Application | Dairy |
| Bakery | |
| Confectionery | |
| Snacks and Savories | |
| Beverage | |
| Other Applications | |
| By Form | Liquid |
| Powder | |
| By Geography | United Kingdom |
| Germany | |
| France | |
| Russia | |
| Italy | |
| Spain | |
| Rest of Europe |
Europe Food Flavors Market Research FAQs
What is the current Europe Food Flavor Market size?
The Europe Food Flavor Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in Europe Food Flavor Market?
Givaudan, Kerry Group Plc, European Flavours and Fragrances, BASF SE and Firmenich SA are the major companies operating in the Europe Food Flavor Market.
What years does this Europe Food Flavor Market cover?
The report covers the Europe Food Flavor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Food Flavor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Food Flavors Industry Report
Statistics for the 2024 Europe Food Flavors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Food Flavors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
