India Flavors Market Research Report 2023-2028: Estimated Size (INR 6,435 Crore), Share, Growth, & Forecast
The latest report by IMARC Group, titled “India Flavors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the india flavors market research report. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The India flavors market size reached INR 3,922 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 6,435 Crore by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028.
Flavors are complex mixtures of chemicals that give food and beverages their characteristic tastes and aromas. They can be natural, artificial, or a combination of both. Natural flavors are produced from plant or animal sources, while artificial flavors are synthesized in a laboratory. They are created by combining chemicals in specific ratios to produce a desired taste or aroma. These chemicals can be derived from natural sources, such as essential oils and extracts, or synthesized using chemical reactions. Some of the most common chemicals used in flavors include esters, aldehydes, ketones, and terpenes. Flavors are used in a wide range of food and beverage products, including soft drinks, snacks, baked goods, and savory foods. They are often used to enhance ingredients' natural flavors, mask unpleasant tastes or odors, or create new and unique flavors.
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India Flavors Market Trends:
The market in India is majorly driven by consumers' increasing interest in natural flavors. In line with this, the rising consumer demand for natural and clean-label products is significantly contributing to market growth. Furthermore, the growing disposable incomes and changing lifestyles leading to the high consumption of processed foods are positively influencing the market. Apart from this, significant growth in the food and beverage industry and escalating demand for convenience foods are catalyzing product adoption.
Moreover, the increasing demand for functional foods and beverages and the rising popularity of gourmet and specialty foods are favoring the market. Besides, the growing demand for flavors in the pharmaceutical industry and escalating demand for organic and non-GMO flavors are bolstering the market. In addition, the rapid advancements in flavor technology, including encapsulation and delivery systems and extensive usage of flavors in the e-cigarette and vaping industry, are providing a boost to the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with 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
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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.
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