Global Flavors Market Size & Outlook, 2022-2030

The flavors industry worldwide is expected to reach a projected revenue of US$ 28,540.4 million by 2030. A compound annual growth rate of 5.7% is expected of the worldwide flavors industry from 2023 to 2030.

Revenue, 2022 (US$M)
$18,270.0
Forecast, 2030 (US$M)
$28,540.4
CAGR, 2023 - 2030
5.7%
Report Coverage
Worldwide

Global flavors market highlights

  • The global flavors market generated a revenue of USD 18,270.0 million in 2022 and is expected to reach USD 28,540.4 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
  • In terms of segment, food accounted for a revenue of USD 11,888.8 million in 2022.
  • 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 2022.
  • Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 18,270.0 million
Market revenue in 2030USD 28,540.4 million
Growth rate5.7% (CAGR from 2022 to 2030)
Largest segmentFood
Fastest growing segmentBeverages
Historical data covered2017 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFood, Beverages, Others (Tobacco products, pharmaceuticals, etc.)

Other key industry trends

  • In terms of revenue, the North America accounted for 25.0% of the global flavors 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 452.0 million by 2030.

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Flavors Market Scope

Flavors market segmentation & scope
Dairy Products
Bakery & Confectionery
Supplements & Nutrition Products
Meat & Seafood Products
Snacks
Pet Foods
Sauces, Dressings & Condiments
Others (plant-based food, baby food, etc.)
Juices & Juice Concentrates
Functional Beverages
Alcoholic Beverages
Carbonated Soft Drinks
Others (Smoothies, Coffee, etc.)
Others (Tobacco products, pharmaceuticals, etc.)
Natural
Synthetic
Powder
Liquid/Gel

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 65.07% in 2022. 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 2017 to 2030.


  • Global Flavors Application Outlook (Revenue, USD Million, 2017-2030)
    • Food
      • Dairy Products
      • Bakery & Confectionery
      • Supplements & Nutrition Products
      • Meat & Seafood Products
      • Snacks
      • Pet Foods
      • Sauces, Dressings & Condiments
      • Others (plant-based food, baby food, etc.)
    • Beverages
      • Juices & Juice Concentrates
      • Functional Beverages
      • Alcoholic Beverages
      • Carbonated Soft Drinks
      • Others (Smoothies, Coffee, etc.)
    • Others (Tobacco products, pharmaceuticals, etc.)
  • Global Flavors Nature Outlook (Revenue, USD Million, 2017-2030)
    • Natural
    • Synthetic
  • Global Flavors Form Outlook (Revenue, USD Million, 2017-2030)
    • Powder
    • Liquid/Gel

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Target buyers of Global flavors market databook

  • Our clientele includes a mix of flavors market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global flavors market size, by regions, 2017-2030 (US$M)

Top 10 countries: Flavors market size, 2022 (US$M)

Global flavors market share, by application, 2022 & 2030 (%, US$M)

Flavors Market: Opportunity Assessment By Country

Global flavors market, by region, 2022 (US$M)

Global flavors market size, by regions, 2017-2030 (US$M)

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