Market Research Future (Food and Beverages) Flavour Market Research Report | Page 2
Flavour Market Research Report (India, Bangladesh, Sri Lanka and Nepal)- Forecast to
2022
1 Summary
Food additives or ingredients are essentially different classes of flavors that are used to provide a distinctive flavor
profile to various food items. The flavor market has gradually grown due to the incorporation of new and innovative
flavors in different food products. Flavors are also used to a great extent in applications such as nutraceutical,
cosmetic & personal care, and other end-use applications apart from the food and beverage sector. The growth of
technology and innovations in terms of product development the market has been demonstrating stable growth in
the forecast period. Changing preferences of consumers are among the major factors that will be driving the
development of the market in the forecast period.
Key Players:
The product offering of the market has expanded immensely as compared to the previous years, thus making the
market more beneficial for new and current contenders. The market is very well distinct in terms of segments
concerning the products as well as the end users that are a part of the market. The market attractiveness and
competitors’ dynamics are greatly enhanced by the strategies that are being engaged by market players. The market
shows a boundless potential for developing at an expedited pace. The improved financial liquidity of the competitors
in the market has increased thereby providing fresh opportunities for the growth of the market. The long term
sustainability of the market is however significantly dependent on the tactics and the strategic roadmaps that are
engaged by market players.
The prominent market players in the flavour market chiefly are
Firmenich SA (Switzerland), Givaudan SA
(Switzerland), S H Kelkar and Company Limited (India), International Flavors & Fragrances Inc. (U.S.), Kerry Group
(India), Takasago International Corporation (Japan), Synergy Flavors, Inc. (U.S.), Symrise AG (Germany), Wild
Flavors, Inc. (U.S.), Sensient Technologies Corporation (U.S.), Mane SA (U.S.), T.Hasegawa Co., Ltd (Japan) and
Huabao International (Japan).
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