Market Share of Europe Food Flavor Industry
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
