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Research Report on Global Food Flavor Market 2016-2021
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Research Report on Global Food Flavor Market 2016-2021

According to the report “Global Food Flavors Market” published by Market Data Forecast, the global market is projected to reach USD 16.86 billion by 2021, at a CAGR of 5.75% from 2016 to 2021.

View report at http://www.marketdataforecast.com/market-reports/global-food-flavors-market-1263/

Flavors are commonly used to improve the taste of food products. There are mainly two origins of food flavors namely, natural and synthetic. Natural food flavors are animal or plant based products, whereas synthetic flavors are mixture of edible chemicals. Food and beverage industries require flavor for different purposes such as new product development, to add new product line and to change the taste of existing product.

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The market for food flavors is mainly driven due to rampant urbanization, growth of disposable income and availability of convenience goods. Also, additional factors such as awareness among governments and consumers to address specific health and nutritional needs are strongly fuelling the food and beverage markets, which, in turn are boosting the market for food flavors.

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Global market for Food Flavors is segmented as follows:

By type

  • Chocolate
  • Vanilla
  • Fruits & Nuts

By Origin

  • Natural
  • Synthetic

By application

  • Beverages
  • Savory & Snacks
  • Bakery & Confectionery
  • Dairy & Frozen Products
  • Others

Geographically, the market for Food Flavors market is segmented as below:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East and Africa

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Kerry Group, Givaudan, Firmenich, Sensient Technologies Corporation, Symrise AG, Frutarom Industries, Archer Daniels Midland Company, DohlerGroup,  AGRANA Group, SVZ International B.V. and SunOpta, Inc.are the major players of Global Food Flavors market.

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About Market Data Forecast:

Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

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