Global Flavor Compounds Market Size & Outlook, 2022-2030
Global flavor compounds market, 2017-2030 (US$M)
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Global flavor compounds market highlights
- The global flavor compounds market generated a revenue of USD 424.6 million in 2022 and is expected to reach USD 660.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, synthetic accounted for a revenue of USD 305.2 million in 2022.
- Natural is the most lucrative ingredient segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 424.6 million |
| Market revenue in 2030 | USD 660.4 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Natural |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic |
Other key industry trends
- In terms of revenue, the North America accounted for 25.5% of the global flavor compounds market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 11.1 million by 2030.
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Flavor Compounds Market Scope
Flavor Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Huabao Flavours & Fragrances | View profile | 1001-5000 | Lhasa, Xizang, China, Asia | https://www.hbflavor.com/ |
| MANE | View profile | 5001-10000 | Le Bar, Provence-Alpes-Cote d'Azur, France, Europe | https://www.mane.com/ |
| Robertet SA | View profile | 2358 | 37, avenue Sidi Brahim, BP 52100, Grasse, France, 6130 | http://www.robertet.com |
| Takasago International Corp | View profile | 3913 | Nissay Aroma Square 17F, 5-37-1, Kamata, Ohta-ku, Tokyo, Japan, 144-8721 | http://www.takasago.com |
| Givaudan SA | View profile | 16263 | Chemin de la Parfumerie 5, Vernier, Switzerland, 1214 | https://www.givaudan.com |
| Symrise AG | View profile | 12435 | Muhlenfeldstrasse 1, Holzminden, ST, Germany, 37603 | https://www.symrise.com |
| International Flavors & Fragrances Inc | View profile | 21500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | https://www.iff.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Sensient Technologies Corp | View profile | 3956 | 777 East Wisconsin Avenue, Milwaukee, WI, United States, 53202-5304 | https://www.sensient.com |
| DSM Firmenich AG | View profile | 30000 | Wurmisweg 576, Kaiseraugst, Switzerland, 4303 | https://www.dsm-firmenich.com/corporate/home.html |
Global flavor compounds market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flavor compounds market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 71.88% in 2022. Horizon Databook has segmented the Global flavor compounds market based on natural, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Flavor Compounds Ingredient Outlook (Revenue, USD Million, 2017-2030)
- Natural
- Synthetic
- Global Flavor Compounds Flavor Outlook (Revenue, USD Million, 2017-2030)
- Salty Flavor
- Savory Flavor
- Others
- Sweet Flavor
- Fruity Flavor
- Spicy Flavor
- Global Flavor Compounds Application Outlook (Revenue, USD Million, 2017-2030)
- Plant-based Beverages
- Others
- Protein Bars & Snacks
- Meat Alternatives
- Plant-based Yogurts
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Target buyers of Global flavor compounds market databook
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Our clientele includes a mix of flavor compounds market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global flavor compounds market , including forecasts for subscribers. This global databook contains high-level insights into Global flavor compounds market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global flavor compounds market size, by regions, 2017-2030 (US$M)
Top 10 countries: Flavor compounds market size, 2022 (US$M)
Global flavor compounds market share, by flavor, 2022 & 2030 (%, US$M)
Flavor compounds market: Opportunity assessment by country
Global flavor compounds market, by region, 2022 (US$M)
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