Global Process Flavors Market Report 2024-2030

Overall size of the global market for processing flavors

According to the latest report of the QYResearch research team “Global Process Flavor Market Report 2024-2030”, the global process flavor market is expected to reach 26.43 billion US dollars in 2030, with a CAGR of 3.6% in the next few years.

Figure 00001. Processing flavors, total global market size

The above chart/data is taken from QYResearch’s latest report “Global Process Flavors Market Research Report 2024-2030”.

“Processing flavor” usually refers to a flavor agent that is produced through a physical, chemical, or enzymatic reaction that occurs during the processing of a food or beverage. These flavors may be intentionally added to enhance the taste, aroma, or other sensory aspects of the final product. They are commonly used in the food and beverage industry to maintain consistency, improve palatability, or create unique flavor characteristics. There are many ways to produce spices, including Maillard reaction, enzymatic reaction, fermentation, extraction, and concentration.

Figure 00002. Ranking and market share of the Top 12 manufacturers in the global processing flavor market (based on 2023 survey data; The latest data is subject to the latest survey data of our company)

The chart/data above, taken from the QYResearch report “Global Process Flavors Market Research Report 2024-2030”, is based on 2023 data. At present, the latest data is subject to the latest survey data of the company.

According to the research of the head enterprise research center of QYResearch, the processing essence manufacturers in the world mainly include Givaudan, Symrise, IFF, Firmenich, McCormick, Kerry, ADM, Mane, Takasago, T. Hasegawa and so on. In 2023, the top five global vendors will hold approximately 65.0% market share.

Figure 00003. Flavors for Processing, global market size, segmented by product type

The above chart/data is taken from QYResearch’s latest report “Global Process Flavors Market Research Report 2024-2030”.

In terms of product type, at present, vegetarian flavor is the most important product segment, accounting for about 82.7% of the share.

Figure 00004. Flavors for Processing, global market size, segmentation by application

The above chart/data is taken from QYResearch’s latest report “Global Process Flavors Market Research Report 2024-2030”.

In terms of product applications, beverages are currently the most important source of demand, accounting for about 31.6% of the share.

Figure 00005. The scale of processing flavors in major global markets

The above chart/data is taken from QYResearch’s latest report “Global Process Flavors Market Research Report 2024-2030”.

Key drivers:

D1: The growth of downstream demand for food and beverage directly drives the market growth

D2: Consumers are becoming more health conscious and are looking for foods and beverages that are perceived to be healthier and more wholesome

D3: Economic growth in developing countries drives demand

Major obstacles:

R1: Macroeconomic development has not been as expected

R2: Rising costs of raw materials and logistics

R3: The industry is highly competitive

Industry development opportunities:

O1: Customization and innovation

O2: Health-conscious consumer trends

O3: Expand to emerging markets