PUBLISHER: Grand View Research | PRODUCT CODE: 1888913
PUBLISHER: Grand View Research | PRODUCT CODE: 1888913
India Flavors Market Size, Share & Trends Analysis Report By Nature (Natural, Synthetic), By Form (Powder, Liquid/Gel), By Application (Food, Beverages, Others), And Segment Forecasts, 2025 - 2033
India Flavors Market Summary
The India flavors market size was estimated at USD 2,168 million in 2024 and is projected to reach USD 3,684.6 million by 2033, growing at a CAGR of 5.9% from 2025 to 2033. The growth can be attributed to factors such as a growing consumer base for processed food & beverages, an increasing number of people relocating to urban areas, and the growth of organised retail in the country.
Growing market penetration of ready-to-make, ready-to-eat foods, shifting nutritive preferences, and growth in consumption of gluten-free, sugar-free, alcohol-free products are other key factors fuelling growth for the flavors market in India.
With increased information accessibility, booming use of internet, influence of social media campaigns and rising research revelations about different food ingredients are some of the factors, which influence choice of food in India now. In addition, traditions, occasions, cuisines, conventional ways of food consumption and development have huge impact on food & beverages consumers across the country. International brands and domestic brands both have been paying attention to this feature of the market to present a product portfolio that can cater to a few of changing trends as well as some of the unyielding patterns of consumer behavior. This has been encouraging the key market participants from food & beverage industry to innovate constantly on every front including procurement, production and processes. For instance, in March 2023, PepsiCo India launched the Crop Intelligence Model in Collaboration with Cropin. The new initiative under PepsiCo's popular brand in the country, Lay's, is aimed at helping potato farmers maximize yields coupled with quality through handy dashboards on user-friendly mobile apps.
Use of natural flavors in product development has been part of India's food industry since centuries. However, the increasing cost associated with using natural flavors poses a challenge to many businesses. This has led to unceasing use of synthetic flavors, which can be developed or procured at a lower cost than natural flavors. Synthetic flavors are widely used by beverage companies in the country to attain a hint of desired flavor without the addition of real fruit, which might reduce the shelf life of beverages and significantly increase the cost of making.
Growing health awareness has also influenced the market, prompting a shift toward natural, organic, and clean-label flavor solutions. This trend is particularly prominent among urban, health-conscious consumers who prefer products free from artificial additives and aligned with Ayurvedic or functional health principles. As a result, companies are increasingly investing in plant-based extracts, herbal infusions, and spice-based formulations to meet domestic demand and serve India's growing role as an export hub for natural ingredients.
India Flavors Market Report Segmentation
This report forecasts revenue growth at country level and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the India flavors market report based on nature, form, and application.
- Nature Outlook (Revenue, USD Million, 2021 - 2033)
- Natural
- Synthetic
- Form Outlook (Revenue, USD Million, 2021 - 2033)
- Powder
- Liquid/Gel
- Application Outlook (Revenue, USD Million, 2021 - 2033)
- Food
- Dairy Products
- Bakery & Confectionery
- Supplements & Nutrition Products
- Meat & Seafood Products
- Snacks
- Pet Foods
- Sauces, Dressings & Condiments
- Others (plant-based food, baby food, etc.)
- Beverages
- Juices & Juice Natural
- Functional Beverages
- Alcoholic Beverages
- Carbonated Soft Drinks
- Others (Smoothies, Coffee, etc.)
- Others (Tobacco products, pharmaceuticals, etc.)
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Primary Research
- 1.4. Information/Data Analysis
- 1.5. Market Formulation & Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Secondary Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Nature Outlook
- 2.3. Form Outlook
- 2.4. Application Outlook
- 2.5. Competitive Insights
Chapter 3. India Flavors Market Variable Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.3.2. Sales Channel Analysis
- 3.3.3. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunity Analysis
- 3.4.4. Market Challenge Analysis
- 3.4.5. Industry Analysis - Porter's
- 3.4.5.1. Bargaining Power of Suppliers
- 3.4.5.2. Bargaining Power of Buyers
- 3.4.5.3. Threat of Substitution
- 3.4.5.4. Threat of New Entrants
- 3.4.5.5. Competitive Rivalry
- 3.4.6. PESTEL Analysis
- 3.4.6.1. Political & Legal Landscape
- 3.4.6.2. Economic and Social Landscape
- 3.4.6.3. Technological Landscape
- 3.4.6.4. Environmental Landscape
- 3.4.7. Market Entry Strategies
Chapter 4. India Flavors Market: Nature Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. India Flavors Market: Nature Movement Analysis
- 4.3. India Flavors Market Size & Trend Analysis, By Nature, 2021 To 2033 (USD Million)
- 4.4. Natural
- 4.4.1. Natural Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Synthetic
- 4.5.1. Synthetic Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. India Flavors Market: Form Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. India Flavors Market: Form Movement Analysis
- 5.3. India Flavors Market Size & Trend Analysis, By Form, 2021 To 2033 (USD Million)
- 5.4. Powder
- 5.4.1. Powder Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. Liquid/Gel
- 5.5.1. Liquid/Gel Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. India Flavors Market: By Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. India Flavors Market: By Application Movement Analysis
- 6.3. India Flavors Market Size & Trend Analysis, By Application, 2021 To 2033 (USD Million)
- 6.3.1. Food
- 6.3.1.1. Food Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1.2. Dairy Products
- 6.3.1.2.1. Dairy Products Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1.3. Bakery & Confectionery
- 6.3.1.3.1. Bakery & Confectionery Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1.4. Supplements & Nutrition Products
- 6.3.1.4.1. Supplements & Nutrition Products Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1.5. Meat & Seafood Products
- 6.3.1.5.1. Meat & Seafood Products Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1.6. Snacks
- 6.3.1.6.1. Snacks Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1.7. Pet Foods
- 6.3.1.7.1. Pet Foods Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1.8. Sauces, Dressings & Condiments
- 6.3.1.8.1. Sauces, Dressings & Condiments Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1.9. Others (plant-based food, baby food, etc.)
- 6.3.1..1. Others (plant-based food, baby food, etc.) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2. Beverages
- 6.3.2.1. Beverages Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2.2. Juices & Juice Concentrates
- 6.3.2.2.1. Juices & Juice Concentrates Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2.3. Functional Beverages
- 6.3.2.3.1. Functional Beverages Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2.4. Alcoholic Beverages
- 6.3.2.4.1. Alcoholic Beverages Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2.5. Carbonated Soft Drinks
- 6.3.2.5.1. Carbonated Soft Drinks Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2.6. Others (Smoothies, Coffee, etc.)
- 6.3.2.6.1. Others (Smoothies, Coffee, etc.) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.3. Others (Tobacco products, pharmaceuticals, etc.)
- 6.3.3.1. Others (Tobacco products, pharmaceuticals, etc.) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.1. Food
Chapter 7. Competitive Landscape
- 7.1. Market Participant Categorization
- 7.2. Company Market Position Analysis/ Heap Map Analysis
- 7.3. Company Profiles
- 7.3.1. Keva Flavors Pvt. Ltd.
- 7.3.1.1. Participant's Overview
- 7.3.1.2. Financial Performance
- 7.3.1.3. Product Benchmarking
- 7.3.1.4. Strategic Initiatives
- 7.3.2. Fab Flavour
- 7.3.2.1. Participant's Overview
- 7.3.2.2. Financial Performance
- 7.3.2.3. Product Benchmarking
- 7.3.2.4. Strategic Initiatives
- 7.3.3. International Flavors & Fragrances Inc.
- 7.3.3.1. Participant's Overview
- 7.3.3.2. Financial Performance
- 7.3.3.3. Product Benchmarking
- 7.3.3.4. Strategic Initiatives
- 7.3.4. Kerry Group plc.
- 7.3.4.1. Participant's Overview
- 7.3.4.2. Financial Performance
- 7.3.4.3. Product Benchmarking
- 7.3.4.4. Strategic Initiatives
- 7.3.5. Symrise
- 7.3.5.1. Participant's Overview
- 7.3.5.2. Financial Performance
- 7.3.5.3. Product Benchmarking
- 7.3.5.4. Strategic Initiatives
- 7.3.6. Oriental Aromatics Limited
- 7.3.6.1. Participant's Overview
- 7.3.6.2. Financial Performance
- 7.3.6.3. Product Benchmarking
- 7.3.6.4. Strategic Initiatives
- 7.3.7. Symega
- 7.3.7.1. Participant's Overview
- 7.3.7.2. Financial Performance
- 7.3.7.3. Product Benchmarking
- 7.3.7.4. Strategic Initiatives
- 7.3.8. MANE
- 7.3.8.1. Participant's Overview
- 7.3.8.2. Financial Performance
- 7.3.8.3. Product Benchmarking
- 7.3.8.4. Strategic Initiatives
- 7.3.9. Matrix Flavours and Fragrances
- 7.3.9.1. Participant's Overview
- 7.3.9.2. Financial Performance
- 7.3.9.3. Product Benchmarking
- 7.3.9.4. Strategic Initiatives
- 7.3.1. Keva Flavors Pvt. Ltd.
List of Tables
- Table 1 List of Secondary Sources
- Table 2 List of Abbreviations
- Table 3 India Flavors Market, By Nature, 2021 - 2033 (USD Million)
- Table 4 India Flavors Market, By Form, 2021 - 2033 (USD Million)
- Table 5 India Flavors Market, By Application, 2021 - 2033 (USD Million)
List of Figures
- Fig. 1 India Flavors Market Snapshot
- Fig. 2 India Flavors Market Segmentation & Scope
- Fig. 3 India Flavors Market Penetration & Growth Prospect Mapping
- Fig. 4 India Flavors Market Value Chain Analysis
- Fig. 5 India Flavors Market Dynamics
- Fig. 6 India Flavors Market Porter's Five Forces Analysis
- Fig. 7 India Flavors Market: Nature Movement Analysis, 2023 & 2033 (%)
- Fig. 8 Natural Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 9 Synthetic Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 10 India Flavors Market: Form Movement Analysis, 2023 & 2033 (%)
- Fig. 11 Powder Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 12 Liquid/Gel Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 13 India Flavors Market: Application Movement Analysis, 2023 & 2033 (%)
- Fig. 14 India Flavors Market Estimates and Forecast, By Food, 2021 - 2033 (USD Million)
- Fig. 15 Dairy Products Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 16 Bakery & Confectionery Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 17 Supplements & Nutrition Products Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 18 Meat & Seafood Products Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 19 Snacks Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 20 Pet Foods Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 21 Sauces, Dressings & Condiments Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 22 Others (plant-based food, baby food, etc.) Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 23 India Flavors Market Estimates and Forecast, By Beverages, 2021 - 2033 (USD Million)
- Fig. 24 Juices & Juice Concentrates Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 25 Functional Beverages Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 26 Alcoholic Beverages Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 27 Carbonated Soft Drinks Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 28 Others (Smoothies, Coffee, etc.) Market Estimates and Forecast, 2021 - 2033 (USD Million)
- Fig. 29 Others (Tobacco products, pharmaceuticals, etc.) Market Estimates and Forecast, 2021 - 2033 (USD Million)
