Tuesday, October 26, 2021
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Monday, October 25, 2021
Pest Control Market Growth Opportunities by 2026
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Sustainable Growth Opportunities in the Wheat Protein Market
Friday, October 22, 2021
Benzenoid Market to See Major Growth by 2025
Biostimulants Market Growth by Emerging Trends, Analysis, & Forecast to 2026
Thursday, October 21, 2021
Flavor Systems Market: Growth Opportunities and Recent Developments
The report "Flavor Systems Market by Type (Brown, Dairy, Herbs & Botanicals, Fruits & Vegetables), Application (Beverages, Savories & Snacks, Bakery & Confectionery Products, Dairy & Frozen Desserts), Source, Form, and Region - Global Forecast to 2023", is estimated to be valued at USD 5.64 billion in 2018 and is projected to reach a value of USD 6.96 billion by 2023, growing at a CAGR of 4.3% during the forecast period. Factors such as the Creation of novel flavors driven by favorable consumer reception and cross product usage of flavors are driving the growth of this market.
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The brown segment by type, is
estimated to account for a larger market share, in 2018
The brown segment dominated the
market for flavor systems. This is attributed to the fact that brown flavors
are the most commonly used flavor variant and used across a number of
applications. There has been an increase in the number of areas such as
beverages, and dairy, in which brown finds applications. Due to these factors,
the market is projected to witness significant growth.
The nature-identical segment by
source is estimated to be the fastest growing segment in the flavor systems
market, during the forecast period
They are chemically identical to
substances that are naturally present in materials of plant and animal origins.
Although nature-identical substances are formulated in a laboratory, the human
body cannot distinguish between natural and nature-identical substances.
Therefore, nature-identical flavoring substances, having molecular structures
that mimic the chemical structures of natural ingredients, enjoy a higher
preference among consumers, especially because these substances have no
artificial flavoring. Thus, this segment is projected to witness fastest growth
in coming years.
The beverages segment, by
application, is estimated to account for the largest market share, by value, in
2018
The market for beverages held the
largest share in 2017 in the flavor systems market and is also projected to be
the fastest-growing segment during the forecast period. The use of various
types of flavors in this application is largely attributed to the introduction
and combination of different flavors to create an elegant and aromatic taste.
The liquid segment, by form, is
estimated to account for the largest market share, in 2018 and is projected to
be the fastest growing segment during the forecast period
Liquid form of flavoring systems is
made available in oil as well as water-based textures. A common form of using
liquid flavor systems is via flavor microemulsions. Flavor microemulsions which
find its usage in clear beverages and other consumer products, are defined as a
clear, thermodynamically stable dispersion of two immiscible
liquids—oil-in-water or water-in-oil. Flavor enhancers can easily be mixed in
various application and therefor has higher demand.
Mass customization of flavor systems
has created opportunities for manufacturers
Mass customization majorly refers to
the entire process of providing a wide variety of goods or services that are
then modified and customized to suit major consumer group requirements. Mass
customization is mostly used as a marketing and manufacturing technique wherein
the products offered ensure a certain level of flexibility and personalization.
This technique also ensures manufacturers with low unit costs, thereby
improving operational efficiencies. The technique of mass customization has
gained a high degree of traction in recent times due to consumers being
increasingly inclined toward highly customized options. While consumers earlier
focused on efficient and reasonable products, they are willing a slightly
premium price for customized or quality products today. Owing to such factors,
opportunities pertaining to customized solutions have started to gain pace and
significance in the market.
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Europe is projected to grow at the
highest CAGR of 5.0% during the forecast period
In Europe, growing consumption of
bakery & confectionery products and savories & snack products, and the
demand for their product variety has resulted in intensifying demand for flavor
systems in these food products. Moreover, several innovations in food &
beverages industry happening in this region that also accommodate flavor
systems have been driving the growth of flavor systems market in this region.
This report includes a study on the
marketing and development strategies, along with a study on the product
portfolios of the leading companies operating in the flavor systems market.
Givaudan (Switzerland), International Flavors & Fragrances (IFF) (US),
Firmenich (Switzerland), Symrise (Germany), and Mane SA (France) are the
leading players in the flavor systems market. Some of the other players in the
flavor systems market include Frutarom (Israel), Sensient (US), Takasago
(Japan), Robertet (France), Tate & Lyle (France), T. Hasegawa (Japan),
Kerry Group (Ireland).