Global Fruit Flavors Market: Market Outlook
Flavors are more or less volatile substances produced by fruit or vegetables during different stages of ripening or during manipulation. Fruit flavorings are mainly generated during the ripening process and are produced by secondary metabolism and by the catabolism of small quantities of carbohydrates, lipids, and amino acids.
The fruit flavors hold the highest share in the entire flavor industry. Thousands of fruit varieties are available across the globe and fruit ingredients are the basic and essential ingredients in the entire food and beverage industry. Fruit flavors are produced in a wide range and huge quantities according to regional and geographical needs and cultures. Fruit flavors are rich in vitamins, nutrients, and other healthy components.
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The taste and texture of fruit flavors vary according to the fruit used as a source of extraction. Fruit flavors have a wide range of end-use applications in entire food and beverage, pharmaceutical, personal care & cosmetics, and pet food industry. The pharmaceutical industry is one of the potential end-use segment of fruit flavors followed by food and beverage industry.
Global Fruit Flavors Market: Market Dynamics
The increasing global population and requirement of food products ensure huge opportunities for the global food and beverage industry. According to the World Health Organization, by 2050, the global population will reach 12.5 Bn. To fulfill the hunger of 12.5 Bn people, the food industry needs to improve its potential.
The increasing population is ready in spending on the beverage, processed and ready-made food products containing high nutritional value and taste. The consumers becoming highly aware of ingredients used in the food and beverage products and are demanding for healthy, tasty and nutritious ingredients, which results in the increased demand for fruit flavors and ingredients across the globe.
Citrus flavors are the most popular flavor across the industry having a wide range of applications including, bakery, alcoholic beverages, carbonated beverages, pet food, processed food, ready-made meal, confectionery, dessert and in much another food sector.
The demand for fruit flavor will increase on a huge scale in the near future due to increasing demand for new, innovative, tasty, adventurous food and beverage products. The fruit flavor market is growing parallel with the growth of the food and beverage industry.
Global Fruit Flavors Market: Key Players
Some of the key players are engaged in the global fruit flavors market are Givaudan, Symrise AG, Dohler, MANE Inc., FONA International Inc., Flavaroma, Kerry Group, Sensient Technologies, Takasago International Corporation, Archer Daniels Midland Company, Innova Flavors, Flavor Producer LLC., FlavorChem, CitroMax Flavors, and others.
These key players are focused on the expansion of the business through strategic business development in the global fruit flavors market.
