Food Flavors Market Size, Share, Opportunities, And Trends By Type (Natural, Natural-Identical, Artificial/Synthetic), By Application (Dairy, Bakery and Confectionery, Convenience food, Others), And By Geography - Forecasts From 2025 To 2030

The food flavors market is evaluated at US$19.165 billion for 2025, growing at a CAGR of 5.88%, reaching a market size of US$25.505 billion by 2030.

Food flavors are ingredients that are added to food and beverages to enhance their taste. There is a high demand for processed food in both developed and developing economies, playing a key role in supplementing global food flavors market growth. Processed food tends to lose its flavors over time, creating the necessity for using flavoring substances to maintain the flavor throughout the product's shelf life. The market for food flavors is expected to grow nominally over the forecast period, owing to people's hectic and changing lifestyles worldwide, particularly in developing economies due to rapid urbanization and industrialization in countries such as India and China. 

This has further amplified the demand for convenience foods and beverages, which is anticipated to positively impact the market growth. The growing participation by food and beverage manufacturers in the form of increased investments in R&D for developing and launching new products is also anticipated to create lucrative business growth opportunities for the manufacturers throughout the forecast period.

By type, the artificial flavors segment is anticipated to hold a notable market share, which is supported by the fact that the costs associated with artificial flavors are comparatively lower. Since they offer similar tastes to natural ingredients, it is also a key factor bolstering their usage in food and beverages.

What are the drivers of the food flavors market?

• Natural flavors are witnessing a significant growth

The natural flavors segment is projected to grow at a noteworthy CAGR because consumer preferences toward natural ingredients are increasing in many countries due to the risk associated with the consumption of artificial ingredients. Moreover, the demand for clean-label products is also increasing globally, particularly in developing economies, primarily due to people's increasing purchasing power and awareness of naturally sourced food.

• Growing demand for dairy products

World milk production is projected to grow at 1.7% p.a. to 1020 Mt by 2030 over the next decade, faster than most other main agricultural commodities. This increased expansion in the dairy sector is propelled by the average growth of herds by 1.1% p.a. This yield growth is expected to contribute more to production increase than herd growth. This increased milk production and its related products would amplify the demand for the food flavors used in producing dairy-related packaged foods and beverages.

The food flavors market is segmented into five regions worldwide:

By geography, the food flavors market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The market size of the food processing sector in India is estimated to reach US$1,274 billion in 2027, backed by the changing lifestyle and food habits due to rising disposable income and urbanization. As of June 2024, the Ministry of Food Processing Industries in India approved 41 mega food parks, 399 cold chain projects, and several agro-processing clusters, food processing units under corresponding schemes of PMKSY (Pradhan Mantri Krishi Sinchayee Yojana).

The European region is anticipated to hold a significant market share throughout the forecast period. The key factors supporting the regional market share include the wide consumption of organic foods and drinks in several countries.

The food flavors market market by application is segmented into dairy, bakery and confectionery, convenience food, and others.

By application, the bakery and confectionery segment is expected to hold a significant share of the flavors market, which is attributable to the fact that there are wide applications of flavoring agents in bakery products. Additionally, the consumption of confectionery products is increasing in both developed and developing economies worldwide, significantly bolstering this segment’s growth during the coming five years.

The beverage segment is also anticipated to hold a promising market share throughout the forecast period. The major factor bolstering the share of this segment includes the applications of various flavors in beverage products. The demand for beverages worldwide is increasing at a significant rate. This, in turn, is positively influencing this segment’s growth until the end of the forecast period.

Key developments in the food flavors market:

The major food flavors market leaders are Firmenich SA, Kerry Inc., Givaudan, International Flavors & Fragrances, T. Hasegawa Co., Ltd., Takasago International Corporation, Synergy Flavors, and Robertet Group. The key players in the market implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• In October 2024, Döhler collaborated with FGF Trapani. This partnership aimed at the use of citrus fibers as natural texturizers in food and beverage applications. Thus, customers get access to cost-effective and minimally processed citrus fiber solutions. This would be a healthier and environment-friendly ingredient.
• In October 2024, Döhler invested in Nukoko, the innovative company behind the world’s first cocoa-free ‘bean-to-bar’ chocolate. This investment would scale up the production of Nukoko’s patent-pending chocolate alternative, made from fava beans, in response to the growing challenges facing the global cocoa supply chain. This aimed at the chocolate industry with a sustainable and low-emission alternative.
• In December 2023, ADM acquired Revela Foods. Revela Foods is a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions. Its total sales were almost $240 million in 2023. This would significantly boost ADM’s global flavors portfolio in the $1.8 billion global dairy flavors segment. Revela offers various dairy flavor formulations for multiple applications, from snacks and frozen meals to sauces, dressings, soups, seasonings, and desserts.

The food flavors market is segmented and analyzed as below:

• By Type
  • Natural
  • Natural-Identical
  • Artificial/Synthetic
• By Application
  • Dairy
  • Bakery and Confectionery
  • Convenience food
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East and Africa
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Natural flavors are witnessing a significant growth

4.1.2. Growing demand for the dairy industry

4.2. Market Restraints

4.2.1. Health Concerns Regarding Artificial Flavors 

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. FOOD FLAVORS MARKET BY TYPE 

5.1. Introduction

5.2. Natural

5.3. Natural-Identical

5.4. Artificial/synthetic

6. FOOD FLAVORS MARKET BY APPLICATION 

6.1. Introduction

6.2. Dairy

6.3. Bakery And Confectionery

6.4. Convenience Food

6.5. Others

7. FOOD FLAVORS MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Rest of South America

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Rest of Europe

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. United Arab Emirates

7.5.3. Rest of the Middle East and Africa

7.6. Asia-Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Firmenich SA

9.2. Kerry Inc.

9.3. Givaudan

9.4. Sensient Technologies Corporation

9.5. International Flavors & Fragrances

9.6. Takasago International Corporation

9.7. Synergy Flavors

9.8. Robertet Group

9.9. T. Hasegawa Co., Ltd.

9.10. MANE

Firmenich SA

Kerry Inc.

Givaudan

Sensient Technologies Corporation

International Flavors & Fragrances

Takasago International Corporation

Synergy Flavors

Robertet Group

T. Hasegawa Co., Ltd.

MANE