12 May 2020: Liquid flavors are gradually being utilized to improve aroma and taste in several products such as baked goods and confectionery, processed foods, beverages, and frozen foods. Flavors such as natural plant, organic flavor concentrates, artificial flavor, and animal extract liquids are mainly used in food formulations to enhance shelf-life and nutritional content along with other characteristics.
Artificial Flavor Liquids to Dominate the Market Share
The major application variants of the liquid flavor market include flavor extracts, artificial flavor liquids, and organic flavor concentrates. The artificial flavor liquids sector dominated the market and is anticipated to expand at the fastest CAGR in the forthcoming period. Synthetic compounds and flavors treated in laboratories are extensively used to provide intense aroma and taste in confectionery, beverages, and baked goods.
The artificial flavor liquids are mainly used in carbonated beverages, processed foods, e-cigarettes, and alcoholic beverages to improve both smell and taste of the products. They are basically used as a chemical alternative to natural or organic extracts.
Liquid flavor extracts are gradually being used in beverages such as beer, fruit juices, energy drinks, and flavored water. Customers are gradually selecting flavors that replicate fruits in terms of smell and taste, thus propelling the sector growth.
Natural flavor extracts are anticipated to record the highest growth over the forthcoming period. Rising health concerns and instances of poisoning associated with the consumption of artificial chemicals is also likely to balance flavor extracts demand in the years to come.
Market Insights:
There is also a significant presence of integrated companies who are included in the distribution and supply of flavor products. The industry is characterized by several products and technological innovations and rising capacity expansions by players, such as Symrise and Frutarom to capture greater market share mainly in high growth potential regions such as Latin America and Asia Pacific. The new developmental opportunities will develop across the liquid flavor value chain with both distributors and suppliers on accepting to shifting consumer preferences.
Leading players effective in the liquid flavor market include International Flavors and Fragrances, BioSun Flavors and Food Ingredients, and Symrise AG.
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