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Flavor Systems Market Competitive Landscape, Trends, Market Concentration Rate, Business Strategies 2025

Flavor Systems Market is expected to rise from its initial estimated value of USD 5.55 billion in 2018 to an estimated value of USD 7.54 billion by 2026, registering a CAGR of 3.90% in the forecast period of 2019-2026. This rise in market value can be attributed to the demand of increased customization of flavors and development and advancements of novel flavors in the market.

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Key Developments in the Market In 2018:

  • In May 2018, International Flavors & Fragrances Inc., announced that it had agreed to acquire Frutarom enabling the ability to create a global leader for flavor systems.
  • In July 2018, Sensient Technologies Corporation announced that they had completed the acquisition of Mazza Innovation Limited, helping solidify the extraction process from natural ingredients of the company.

Key Market Competitors: 

  • Givaudan,
  • International Flavors & Fragrances Inc.,
  • Firmenich SA,
  • Symrise,
  • Sensient Technologies Corporation,
  • MANE,
  • Sensient Technologies Corporation,
  • Tate & Lyle,
  • Takasago International Corporation,
  • HASEGAWA USA,
  • Robertet,
  • Kerry Group plc,
  • WILD Flavors and Specialty Ingredients,
  • Huabao International Holdings Limited,
  • Wellington Foods Incorporated,
  • Makers Nutrition LLC,
  • GEA Group Aktiengesellschaft,
  • Target Flavors Inc.

Competitive Analysis: 

Global flavor systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flavor systems market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Market Drivers:

  • Development of unique and innovative flavors through this system is expected to drive the market growth
  • Usage of these flavors in a number of different products with the same development process and increased adoption and demand by the consumers is also expected to drive the market growth

Market Restraints:

  • Limited amount of extraction available from the natural ingredients is expected to restrain the market growth
  • Impact on the prices of consumable end-products and fluctuations in the prices of raw materials is also expected to restrain the market growth

Market Segmentation: 

  • By Type
    • Brown
    • Dairy
    • Herbs & Botanicals
    • Fruits & Vegetables
    • Others
  • Sensationary
  • Masking
  • Alcoholic Flavors

 

  • By Source
    • Nature-Identical Flavors
    • Artificial Flavors
    • Natural Flavors
  • By Form
    • Liquid
    • Dry
  • By Application
    • Beverages
    • Dairy & Frozen Desserts
    • Bakery & Confectionary Products
    • Savories & Snacks
  • By Geography
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East & Africa

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