Development of Novel Flavors with Cross-Product Usage Drives the Demand for Flavor Systems

The flavor systems market is estimated to account for a value of USD 5.64 billion in 2018 and is projected to grow at a CAGR of 4.3% from 2018, to reach a value of USD 6.96 billion by 2023. Creation of novel flavors driven by favorable consumer reception and cross product usage of flavors are some of the key factors driving the growth of the flavor systems market. 


Nature-identical substances are chemically identical to any substance that are naturally present in materials of plant and animal origins, and are therefore a more preferred choice, for both, manufacturers of end-products, and consumers alike. Most commercial flavorants are nature-identical substances, as these tend to be more stable in nature than natural flavoring extracts, while being a more cost-effective option, hence are projected to witness rapid growth in demand during the forecast period.

Brown flavors are the most commonly used flavor variant, used across a number of applications. Brown flavors stand inclusive of flavors, such as, chocolate, coffee, nut, nougat, caramel, and vanilla. Additionally, they could also stand inclusive of a number of novel tastes, such as, egg-nog, salted caramel, brownie, that are optimized from chocolate, nougat, macademia, caramel, etc. Thus, due to its usages in wide variety of food and beverages application, brown flavor segment is projected dominate the global flavor systems market during the forecast period.


Key players are Givaudan (Switzerland), International Flavors & Fragrances (IFF) (US), Firmenich (Switzerland), Symrise (Germany), and Mane SA (France) are the leading players in the flavor systems market. Major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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