Published on : May 22, 2017
Albany, New York, May 22, 2017: The demand for food flavoring products has been witnessing a strong rise over the last few years. The rising urbanization and the augment in the purchasing power of people across the world have stimulated a dramatic shift in their eating habits, which has become a key asset for the artificial food flavoring industry. Considering this fact, Market Research Hub (MRH) has recently publicized a study, titled “Global Artificial Food Flavoring Industry 2017, Trends and Forecast Report” to its online research database. The report provides an in-depth market analysis of the artificial food flavoring market which includes the growth prospects, the key trends, drivers and opportunities. To analyze the industry development trend, the report has included the major information on its production, market share, supply/demand, import/export, price, value and gross margin for the forecast period of 2017 to 2021.
In the first part, the report starts by describing the industry overview of artificial food flavoring market, along with its classification and application analysis. Flavors are intense preparations added to food products to stimulate or impart a characteristic taste of choice, to maintain the flavor after processing, to modify an already existing flavor, and to guise certain undesirable flavor to increase customer acceptance. Artificial flavors are simply chemical mixtures that mimic a natural flavor in some way. Many of the processed food today, come with an ingredient label that lists ‘artificial flavors’ as one of the key ingredients. Rising consumer demand for exotic taste and high-value nutritional products is influencing manufacturers to develop ingredients that would enhance the consumer experience.
Nowadays, the introduction of functional food products and rise in demand for recognizable & authentic flavors in various end-user industries, such as dairy & frozen products supplement the market growth. However, the rise in awareness regarding side effects of artificial flavors limit the market growth. The report further discusses the product specifications; manufacturing processes; cost structures, raw materials and so on.
Geographically, the market has been categorized into Europe, Asia-Pacifica and North America; as well as highlights some of the major countries including United States, Japan, Germany, United Kingdom, South Korea and China. The report analyzes the market conditions on the basis of product demand, sales, capacity and consumption etc. The increase in demand for unique & exotic flavors and unusual flavor combinations, such as exotic & classical fruits in the emerging economies, increase the market growth.
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Moving further, the leading players operating in the global artificial food flavoring industry have been profiled in the report. Details about key players such as business overview, financial overview and recent developments have been given. The strategies adopted by the companies and the challenges faced by them are also stated.
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