Boston, MA -- (SBWIRE) -- 03/20/2014 -- Food Flavors Market by Type [Natural (Natural Extract, Aroma Chemical, Essential Oil) & Synthetic (Savory, Citrus, Fruit)], Application (Beverage, Savory & Snack, Bakery & Confectionery, Dairy & Frozen) & Geography - Global Trends & Forecast to 2018

A wide range of flavors can be used alone or in conjunction with other food flavors for the desired taste. These are used in processed food because over processing destroys the flavor. A few of the common effects induced by synthetic flavors are headache, migraine, joint pain, etc. Therefore, effective and safe natural flavors are actively in demand. Also, consumer perception regarding the benefits of natural additives has generated interest among the researchers, about their development and use in processed foods.

The food flavor market is projected to reach $13.7 billion by 2018. The manufacturers are well aware of the emerging world market for food flavors. As the market is projected to witness continued growth in both, developed and developing regions, the report analyzes the market in the prominent regions of the world. There are different growth strategies adopted by various market players, which are analyzed in the report.

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FIGURE 1
FOOD FLAVORS MARKET VALUE, BY GEOGRAPHY, 2012 VS. 2018 ($MILLION)

p - Projected
Source: Expert Interviews, Government Authorities, Related Research Publication, Company Press Release, Company Annual Report, Company Website, Company Publication, and MarketsandMarkets Analysis

North America is the largest market for food flavor, followed by Asia-Pacific and Europe. The Asia-Pacific market is estimated to grow at a CAGR of 6.0% from 2013 to 2018. Asia-Pacific represents the fastest growing market, followed by Europe.

This report provides a comprehensive analysis of the food flavor market. Food flavors such as natural and synthetic have been identified in the report. Natural flavors comprise of the smallest share of the food flavor market. This research report categorizes the global market for food flavors based on types, applications, and geography. The food flavor market based on types is further classified into natural and synthetic.

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