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According to MarketsandMarkets, the global food flavors market size is estimated to be valued at USD 16.4 billion in 2020 and is projected to reach USD 20.7 billion by 2025, recording a CAGR of 4.8% in terms of value.
Emerging markets in upcoming economies such as the Asia Pacific and South American countries are going to be potential markets for the food flavor manufacturers.
These factors are projected to drive the growth of the food flavors market during the forecast period.Food flavors are food additives that are used to enhance taste, aroma, and the overall experience of the consumer.
The industry has witnessed consistent growth in the past few years.In North America, the US is among the largest producer of carbonated beverages, snacks, and bakery products.
The food flavors industry functions with legislators and regulators to deliver qualitative products to its end users.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93115891In North America and Europe, obesity is one of the major issues among individuals.
To cater to the varied requirements of potential consumers, non-alcoholic beverage manufacturers have launched diet drinks to curb the calorie count in beverages, thereby increasing the demand for dietary drinks and further augmenting the growth of the beverages segment in the food flavors market.Flavored dairy products mostly include flavored milk, cheese, ice cream, and yogurt.
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