PUBLISHER: IMARC | PRODUCT CODE: 1541526
PUBLISHER: IMARC | PRODUCT CODE: 1541526
India Flavors Market Report by Product Type (Nature Identical, Artificial, Natural), Form (Liquid, Dry), Application (Beverages, Savories and Snacks, Confectionery Products, Bakery Products, Dairy and Frozen Desserts, and Others), and Region 2024-2032
The India flavors market size reached INR 4,287 Crore in 2023. Looking forward, IMARC Group expects the market to reach INR 8,100 Crore by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.
Flavors refer to additive compounds that are widely used to enhance the smell and taste of numerous products ranging from confectionery items to health supplements. Based on the derivates, flavors are categorized into nature identical, artificial, and natural variants. Some of the commonly used natural ingredients of flavors include spices, herbs, barks, flowers, etc., whereas chemical additives comprise of ethyl maltol, diacetyl, ethyl propionate, etc. Flavors are extensively utilized in baked goods, dairy products, beverages, packaged snack items, pharmaceuticals, etc. Apart from this, they are also adopted for non-food applications, including personal care products, cosmetics, pet food, animal feed, etc.
India Flavors Market Trends:
The expanding food processing industry, along with the increasing demand for packaged, ready-to-eat food items and beverages, is primarily driving the India flavors market. Moreover, the rising utilization of flavoring ingredients in bakery and confectionery items, ice-creams, smoothies, energy drinks, etc., is also propelling the market growth in the country. Additionally, the elevating levels of urbanization and increasing penetration of numerous western food trends are further augmenting the demand for flavoring agents. The escalating popularity of processed and shelf-stable food products, such as noodles, soups, cake mix, RTD tea and coffee, juices, etc., particularly among the millennial consumers, is catalyzing the market for flavors in India. Besides this, the introduction of several stringent norms by the Food Safety and Standards Authority of India (FSSAI) regarding the quality of flavors used in processed food products is acting as another significant growth-inducing factor. Additionally, the elevating number of quick-service restaurants (QSRs) and the emerging cafe culture are further bolstering the demand for flavors. Moreover, the rising consumer concerns towards the negative health impact of chemical-based flavoring agents are propelling the adoption of natural ingredients-based flavors. In line with this, the emergence of various healthier product variants, including vegan and organic flavors, that contain 100% plant-based derivatives is expected to drive the India flavors market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India flavors market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type, form and application.
Breakup by Product Type:
Nature Identical
Artificial
Natural
Breakup by Form:
Liquid
Dry
Breakup by Application:
Beverages
Savories and Snacks
Confectionery Products
Bakery Products
Dairy and Frozen Desserts
Others
Breakup by Region:
South India
North India
West and Central India
East India
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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, and Ultra International Limited.
Key Questions Answered in This Report
- 1. What was the size of the India flavors market in 2023?
- 2. What is the expected growth rate of the India flavors market during 2024-2032?
- 3. What has been the impact of COVID-19 on the India flavors market?
- 4. What are the key factors driving the India flavors market?
- 5. What is the breakup of the India flavors market based on the product type?
- 6. What is the breakup of the India flavors market based on the form?
- 7. What is the breakup of the India flavors market based on the application?
- 8. What are the key regions in the India flavors market?
- 9. Who are the key players/companies in the India flavors market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 India Flavors Market
- 5.1 Market Performance
- 5.2 Impact of COVID-19
- 5.3 Market Forecast
6 Market Breakup by Product Type
- 6.1 Nature Identical
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Artificial
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Natural
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Form
- 7.1 Liquid
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Dry
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Beverages
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.1.3 Market Breakup by Product Type
- 8.1.4 Market Breakup by Key Players
- 8.2 Bakery Products
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.2.3 Market Breakup by Product Type
- 8.2.4 Market Breakup by Key Players
- 8.3 Confectionery Products
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.3.3 Market Breakup by Product Type
- 8.3.4 Market Breakup by Key Players
- 8.4 Dairy and Frozen Desserts
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.4.3 Market Breakup by Product Type
- 8.4.4 Market Breakup by Key Players
- 8.5 Savories and Snacks
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.5.3 Market Breakup by Product Type
- 8.5.4 Market Breakup by Key Players
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North India
- 9.1.1 Market Trends
- 9.1.2 Market Breakup by States
- 9.1.3 Market Forecast
- 9.2 West and Central India
- 9.2.1 Market Trends
- 9.2.2 Market Breakup by States
- 9.2.3 Market Forecast
- 9.3 South India
- 9.3.1 Market Trends
- 9.3.2 Market Breakup by States
- 9.3.3 Market Forecast
- 9.4 East India
- 9.4.1 Market Trends
- 9.4.2 Market Breakup by States
- 9.4.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profile of Key Players
- 13.3.1 Doehler India Pvt. Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Firmenich Aromatics (India) Private Limited
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Flavaroma Flavors and Fragrances Private Limited
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Givaudan (India) Private Limited (Givaudan SA)
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Gupta & Company (P) Limited
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 International Flavors and Fragrances India Pvt. Ltd.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Kerry Ingredients India (P) Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Keva Flavours Pvt. Ltd. (S. H. KELKAR & Co. Ltd.)
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 MANE Flavor & Fragrance Manufacturer
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Oriental Aromatics Limited
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Sacheerome Private Limited
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Symrise Private Limited (Symrise AG)
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.13 Synthite Industries Ltd.
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.14 Ultra International Limited
- 13.3.14.1 Company Overview
- 13.3.14.2 Product Portfolio
- 13.3.1 Doehler India Pvt. Ltd.
List of Figures
- Figure 1: India: Flavors Market: Major Drivers and Challenges
- Figure 2: India: Flavors Market: Sales Value (in INR Crore), 2018-2023
- Figure 3: India: Flavors Market: Breakup by Product Type (in %), 2023
- Figure 4: India: Flavors Market: Breakup by Form (in %), 2023
- Figure 5: India: Flavors Market: Breakup by Application (in %), 2023
- Figure 6: India: Flavors Market: Breakup by Region (in %), 2023
- Figure 7: India: Flavors Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 8: India: Flavors (Nature Identical) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 9: India: Flavors (Nature Identical) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 10: India: Flavors (Artificial) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 11: India: Flavors (Artificial) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 12: India: Flavors (Natural) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 13: India: Flavors (Natural) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 14: India: Flavors (Liquid) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 15: India: Flavors (Liquid) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 16: India: Flavors (Dry) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 17: India: Flavors (Dry) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 18: India: Flavors (Beverages) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 19: India: Flavors (Beverages) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 20: India: Flavors (Beverages) Market: Breakup by Product Type (in %), 2023
- Figure 21: India: Flavors (Beverages) Market: Breakup by Key Players (in %), 2023
- Figure 22: India: Flavors (Bakery Products) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 23: India: Flavors (Bakery Products) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 24: India: Flavors (Bakery Products) Market: Breakup by Product Type (in %), 2023
- Figure 25: India: Flavors (Bakery Products) Market: Breakup by Key Players (in %), 2023
- Figure 26: India: Flavors (Confectionery Products) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 27: India: Flavors (Confectionery Products) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 28: India: Flavors (Confectionery Products) Market: Breakup by Product Type (in %), 2023
- Figure 29: India: Flavors (Confectionery Products) Market: Breakup by Key Players (in %), 2023
- Figure 30: India: Flavors (Dairy and Frozen Desserts) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 31: India: Flavors (Dairy and Frozen Desserts) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 32: India: Flavors (Dairy and Frozen Desserts) Market: Breakup by Product Type (in %), 2023
- Figure 33: India: Flavors (Dairy and Frozen Desserts) Market: Breakup by Key Players (in %), 2023
- Figure 34: India: Flavors (Savories and Snacks) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 35: India: Flavors (Savories and Snacks) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 36: India: Flavors (Savories and Snacks) Market: Breakup by Product Type (in %), 2023
- Figure 37: India: Flavors (Savories and Snacks) Market: Breakup by Key Players (in %), 2023
- Figure 38: India: Flavors (Others) Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 39: India: Flavors (Others) Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 40: North India: Flavors Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 41: North India: Flavors Market: Breakup by States (in %), 2023
- Figure 42: North India: Flavors Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 43: West & Central India: Flavors Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 44: West & Central India: Flavors Market: Breakup by States (in %), 2023
- Figure 45: West & Central India: Flavors Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 46: South India: Flavors Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 47: South India: Flavors Market: Breakup by States (in %), 2023
- Figure 48: South India: Flavors Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 49: East India: Flavors Market: Sales Value (in INR Crore), 2018 & 2023
- Figure 50: East India: Flavors Market: Breakup by States (in %), 2023
- Figure 51: East India: Flavors Market Forecast: Sales Value (in INR Crore), 2024-2032
- Figure 52: India: Flavors Industry: SWOT Analysis
- Figure 53: India: Flavors Industry: Value Chain Analysis
- Figure 54: India: Flavors Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: India: Flavors Market: Key Industry Highlights, 2023 and 2032
- Table 2: India: Flavors Market: Breakup by Product Type (in INR Crore), 2018 & 2023
- Table 3: India: Flavors Market Forecast: Breakup by Product Type (in INR Crore), 2024-2032
- Table 4: India: Flavors Market: Breakup by Form (in INR Crore), 2018 & 2023
- Table 5: India: Flavors Market Forecast: Breakup by Form (in INR Crore), 2024-2032
- Table 6: India: Flavors Market: Breakup by Application (in INR Crore), 2018 & 2023
- Table 7: India: Flavors Market Forecast: Breakup by Application (in INR Crore), 2024-2032
- Table 8: India: Flavors Market: Breakup by Region (in INR Crore), 2018 & 2023
- Table 9: India: Flavors Market Forecast: Breakup by Region (in INR Crore), 2024-2032
- Table 10: India: Flavors Market: Key Price Indicators
- Table 11: India: Flavors Market Structure
- Table 12: India: Flavors Market: Key Players
