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). Page | 2 Copyright © 2017 Market Research Future.