Food Flavors Market worth $13.7 Billion by 2018

Friday 28 March 2014, Amsterdam

Food flavors are a growing market in the food additives sector. There is an increasing trend towards the consumption of processed food products in the developing countries, which further signifies the increasing use of food flavors. A number of physical as well as chemical changes take place in a food product during processing, which deteriorates the original flavors. Hence, the use of flavors has increased in the market.

The food flavors market value forecast by type includes natural and synthetic flavors, based on significant regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW).

In 2012, North America dominated the food flavors market, followed by Asia-Pacific. Increasing demand for natural foods and safety concerns with respect to processed products drives the market. The food flavors market is estimated to reach $13.7 billion by 2018.

The increase in population has a tremendous impact on the global food supply. The question of food quality has received widespread attention. Different governments and private industries have come a long way in achieving high standards for pure and unadulterated food that contains flavors. The consumer demands placed on technology have resulted in the development of different flavors that afford us flavorsome, appetizing, and economical foods.

In this report, the food flavors market is divided into four geographical segments such as North America, Europe, Asia-Pacific, and ROW. The North American region constitutes the largest market, followed by Asia-Pacific, with the U.S. dominating the North American food flavors market. Asia-Pacific is projected to witness the fastest growth in the market.