Global Flavors Market Size & Outlook, 2024-2030
Global flavors market, 2018-2030 (US$M)
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Global flavors market highlights
- The global flavors market generated a revenue of USD 20,246.2 million in 2024 and is expected to reach USD 28,540.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.9% by 2030.
- In terms of segment, food accounted for a revenue of USD 13,874.6 million in 2024.
- Beverages is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 20,246.2 million |
| Market revenue in 2030 | USD 28,540.4 million |
| Growth rate | 5.9% (CAGR from 2025 to 2030) |
| Largest segment | Food |
| Fastest growing segment | Beverages |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food, Beverages, Others (Tobacco products, pharmaceuticals, etc.) |
Other key industry trends
- In terms of revenue, the North America accounted for 24.6% of the global flavors market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 3,377.1 million by 2030.
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Flavors Market Scope
Flavors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global flavors 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 flavors market will help companies and investors design strategic landscapes.
Food was the largest segment with a revenue share of 68.53% in 2024. Horizon Databook has segmented the Global flavors market based on food, beverages, others (tobacco products, pharmaceuticals, etc.) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Flavors Application Outlook (Revenue, USD Million, 2018-2030)
- Beverages
- Functional Beverages
- Alcoholic Beverages
- Carbonated Soft Drinks
- Others (Smoothies, Coffee, etc.)
- Juices & Juice Concentrates
- Food
- Dairy Products
- Bakery & Confectionery
- Pet Foods
- Sauces, Dressings & Condiments
- Supplements & Nutrition Products
- Others (plant-based food, baby food, etc.)
- Meat & Seafood Products
- Snacks
- Others (Tobacco products, pharmaceuticals, etc.)
- Beverages
- Global Flavors Nature Outlook (Revenue, USD Million, 2018-2030)
- Natural
- Synthetic
- Global Flavors Form Outlook (Revenue, USD Million, 2018-2030)
- Liquid/Gel
- Powder
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global flavors market databook
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Our clientele includes a mix of flavors 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 flavors market , including forecasts for subscribers. This global databook contains high-level insights into Global flavors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global flavors market size, by regions, 2018-2030 (US$M)
Top 10 countries: Flavors market size, 2024 (US$M)
Global flavors market share, by application, 2024 & 2030 (%, US$M)
Flavors market: Opportunity assessment by country
Global flavors market, by region, 2024 (US$M)
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