As per the syndicated report published by Market Data Forecast Europe Food Flavors Market which is estimated to be USD 3.44 billion in 2016 is poised to reach USD 4.44 billion by 2021, at a CAGR of 5.2% from 2016 to 2021. It can attribute to the factors such as due to demand growth of processed food products, changes in eating habits, heavy work schedule, expanding purchasing powers and imbalance diets due to which people are resorting to processed food products which contain flavors for both taste enhancing and preservative purposes. But, the market growth is restrained due to strict food safety regulations and unfavourable effects on human health due to the massive use of synthetic flavors.

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Flavors are a type of food additives added to food and beverages to make products more appealing and tastier. Flavors can be broadly classified as natural and synthetic flavors, where natural flavors are produced from edible substances such as leaves, vegetables, fruits; and synthetic flavors are prepared by the mixture of volatile chemicals. They are vital part of the food processing industry to maintain the taste of a product.

Europe Food Flavors Market is segmented based on Type, Origin and Application as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.

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1.Based on Type:                       

• Chocolate
• Vanilla
• Fruits & Nuts

2.Based on Origin:                     

• Natural
• synthetic

3.Based on Application:                          

• Beverages
• Savory & Snacks
• Bakery & Confectionery
• Dairy & Frozen Products
• Others

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Geographically, Europe market for Food Flavors is segmented into Germany, France, Spain, U.K. and Italy. Europe is the second largest market in terms of market share across the globe. European market has been stationary in the market, due to no further scope of opportunities. The future of the European flavors market rests on the launch of novel foods and beverages comprising of functional and health ingredients.

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Givaudan, Kerry Group, Sensient Technologies Corporation, Firmenich, Frutarom Industries, Symrise AG, DohlerGroup, Archer Daniels Midland Company, SVZ International B.V., AGRANA Group and SunOpta, Inc. are the major players operating in the Europe Diagnostic Imaging Market.

Savory & snacks is foreseen as top investment pocket in the global flavors market as high demand for ethnic, exotic, and spicy flavorings are estimated to come from this segment. The savory & snacks flavors segment is estimated to witness a considerable growth, especially in the developing nations, owing to growth in westernization of diets, and prevalence of ethnic drinks and food products in the emerging countries. In addition, rise in demand for exotic & unique flavors and unusual flavor combinations, such as classical & exotic fruits in the emerging economies, supplement the market growth.

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