INDIA FOOD FLAVOR MARKET

India Food Flavours Market is project to add an incremental market revenues of over USD 900 million between 2024 and 2031 growing at robust CAGR during the forecast period.

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Market Dynamic

Key Drivers and Emerging Trends

The growing demand for processed food products is driving the market growth of food flavour industry. Food manufacturers require flavours for launching new products, extending existing product lines or changing processes for previously launched products. Increasing innovation in food flavours to cater to consumer demands owing to changing preferences and cultural differences is also expected to encourage the growth of the Indian flavours market. The flavour of food products can be easily altered by changing its smell while retaining the original taste of foods. For instance, flavoured jellies, cold drinks, and chocolates or candies that taste and smell different due to addition of different flavours such as, cola, lemon, orange, apricot, raspberry, and others.

Floral flavours are one of the major flavouring trends in the Indian market. The floral and fruity products are added to bakery products and beverages for giving a natural aroma and taste. Floral flavours such as jasmine, rose, elderflower, hibiscus, lavender, orange blossom, and chrysanthemum provide delicate and exotic tastes that offer a touch of ideas and taste to otherwise typical products.  For instance, flavour combinations of niche botanical profiles like geranium and familiar fruit flavours like strawberry are perfect pairings.

Restraint in the India Food Flavor Market

Artificial flavours, a chemical mixture that smells like and tastes like natural flavour, are added to regain the lost flavour. Artificial flavours are made by adding ingredients such as alcohols, esters, ketones, pyrazines, phenolics, and terpenoids which can cause allergies and other health-related disorders such as such as nervous system depression, dizziness, chest pain, headaches, fatigue, allergies, brain damage, seizures, nausea, and much more in some consumers. These determinants are likely to affect the market growth.

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Flavor Type – Segment Analysis

Based on the Flavor Type, the fruits and vegetables segment is expected to grow at the fastest CAGR during the forecast period due to the high usage of flavouring agents of fruits and vegetables such as mango, orange, apple, lemon, among others in the beverage industry.

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Top Market Players

Various notable players operating in the market, include, IFF, Givaudan, Symrise, Firmenich, SH Kelkar, Flavorade India, Avon flavours, Fab Flavours & Fragrances, SARIN, Kanegrade, among others.

Key Developments:

• • In 2020, The Fragrances and Flavours Association of India (FAFAI) inaugurated its Research and Development (R&D) centre in Mumbai. The R&D centre will be open to its 900 members from raw ingredients, distributors to finished products manufacturers.
  • In 2020, Flavaroma Flavours and Fragrances Pvt. Ltd. launched new range of natural flavours, Naturaroma, which includes natural flavors, oils, and extracts. Naturaroma’s collection includes spicy, fruity, brown, minty, and flowery notes.

Segments Covered in the Report:

The India Food Flavor market has been segmented on the basis of Flavor Type and Application. Based on Flavor Type, the market is segmented into Herbs, Spices, Fruits and Vegetables and Others. Based on Application, the market is segmented into Confectionery, Beverages and Others. 

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Key questions answered in this research report:

• • At what pace is India Food Flavor market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in India Food Flavor market? What will be the impact of drivers and restraints in the future?
  • Which flavor type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What are the various application areas of India Food Flavor market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

India Food Flavor Market by Flavor Type

• • Herbs
  • Spices
  • Fruits and Vegetables
  • Others

India Food Flavor Market by Application

• • Confectionery
  • Beverages
  • Others