The latest report by IMARC Group, titled “India Flavors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the Flavors Market in India. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The India flavors market reached a value of INR 3,569 Crore in 2021. Looking forward, IMARC Group expects the market to reach INR 5,978 Crore by 2027, exhibiting at a CAGR of 9.0% during 2022-2027. Flavors are additive compounds that are extensively used to improve the smell and taste of various products ranging from confectionery items to health supplements. Some of the most commonly used natural ingredients of flavors are spices, barks, herbs and flowers, whereas chemical additives include diacetyl, ethyl maltol and ethyl propionate. Flavors are widely used in dairy products, baked goods, packaged snack items, beverages, and pharmaceuticals. In India, flavors have gained momentum due to their extensive adoption for non-food applications such as in personal care products, cosmetics, pet food, and animal feed.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/india-flavors-market/requestsample
India Flavors Market Trends:
One of the primary factors driving the market is the growing food processing industry, and the escalating demand for ready-to-eat, packaged food items, and beverages. Additionally, the increasing adoption of various western food trends is propelling the India flavors market. Other than this, the increasing application of flavors in confectionery and bakery stores in smoothies, ice creams, and energy drinks is creating a positive market outlook. Besides this, the rising traction toward shelf-stable and processed food products, including soups, cake mix, noodles, RTD tea and coffee, juices, and others, especially among millennial individuals is catalyzing the India flavors market growth. Furthermore, the emerging café culture along with the increasing number of quick-service restaurants (QSRs), are creating lucrative growth opportunities for the market players. Apart from this, the rising health consciousness and concerns toward the negative health impact of chemical-based favoring agents are driving the market. Other growth-inducing factors include the stringent norms implemented by the Food Safety Standards Authority of India (FSSAI) regarding the quality of flavors, and the introduction of various healthier product variants such as organic and vegan flavors that consist of 100% plant-based derivatives.
Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/india-flavors-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Doehler India Pvt.Ltd
- Firmenich Aromatics (India) Private Limited
- Flavaroma Flavors and Fragrances Private Limited
- Givaudan (India) Private Limited (Givaudan SA)
- Gupta & Company (P) Limited
- International Flavors and Fragrances India Pvt. Ltd
- Kerry Ingredients India (P) Ltd
- Keva Flavours Pvt. Ltd. (S. H. KELKAR & Co. Ltd.)
- MANE Flavor & Fragrance Manufacturer
- Oriental Aromatics Limited
- Sacheerome Private Limited
- Symrise Private Limited (Symrise AG)
- Synthite Industries Ltd
- Ultra International Limited
Key Market Segmentation:
Breakup by Product Type:
- Nature Identical
- Artificial
- Natural
Breakup by Form:
- Liquid
- Dry
Breakup by Application:
- Beverages
- Savouries and Snacks
- Confectionery Products
- Bakery Products
- Dairy and Frozen Desserts
- Others
Breakup by Region:
- South India
- North India
- West and Central India
- East India
Get in Touch with our Expert Team for Inquire or Further Information: https://www.imarcgroup.com/request?type=report&id=5081&flag=C
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
