PUBLISHER: Grand View Research | PRODUCT CODE: 1375873
PUBLISHER: Grand View Research | PRODUCT CODE: 1375873
The global flavor compounds market size is expected to reach USD 660.4 million by 2030, registering a CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The market growth is being driven by several key factors. Firstly, consumer preferences have evolved toward more diverse and exotic flavors in various food and beverage products. This shift fuels a growing interest in global cuisines, culinary experimentation, and an overall demand for unique sensory experiences. As a result, the food and beverage industry is increasingly incorporating flavorful compounds to meet these evolving tastes. The rise of health-conscious consumers has also led to a demand for natural and clean-label products.
Flavorful compounds derived from natural sources, such as herbs, spices, and fruits, are considered healthier alternatives to artificial additives and are in high demand by food manufacturers aiming to cater to this health-conscious demographic. Furthermore, advancements in food technology and the availability of innovative extraction and flavor synthesis techniques have made it easier for companies to develop and incorporate flavorful compounds into their products. This has led to a surge in food and beverage innovations featuring unique and appealing tastes.
The industrial usage of flavorful compounds spans various applications, including the food and beverage industry, pharmaceuticals, and cosmetics. In the food industry, these compounds enhance the taste and aroma of products, create signature flavors, and extend the shelf life of certain items. For instance, they are commonly used to produce savory snacks, confectionery, and beverages. In the pharmaceutical sector, these compounds can mask the bitter taste of medicines, making them more palatable for patients. The cosmetics industry uses these compounds to formulate fragrances and scents for perfumes, skincare products, and toiletries.