The global Liquid Flavor Market is projected to grow at a significant CAGR during the forecast period. Initially, many flavors are produced in a physical form that is unfit for food applications. Conversion of solid to liquid and solid to various other forms takes place in the post-production process.
Common processes include spray chilling, spray drying, powder adsorption and emulsification. On the other hand, liquid flavors entail use of flavor oil to flavor soft drinks. Flavor oils are immiscible in water as fondants and are to be prepared with an oil-in-water emulsion for dispersion in water.
The key drivers for liquid flavor market comprise change in consumer lifestyle, rise in demand for dessert and pastry and rise in disposable income. In addition, the market also witnesses a rise in quality commitment in the food & beverages sector due to the stringent regulations and business conduct. Liquid flavor market is segmented into type, application and flavor. Type segment includes syrups, creams, fruit & nut sprinkles and fondants.
Geographical segmentation for liquid flavor industry includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the global market scenario due to rise in demand for cakes, pastries and sugared beverages. Rise in consumer spending capacity is a major reason for market growth.
Asia-Pacific regions are likely to grow at a higher rate due to presence of a well-defined eateries and food supply. Rise in disposable income and increase in consumption of sweeteners, chocolates, cakes and pastries augment the market demand. Population explosion is another factor contributing to enlarged demand. Middle Eastern and African markets are likely to grow at a moderate CAGR due to low-income and low preference for bakery items and carbonated drinks.
The key players in the liquid flavor market include Archer Daniels Midland Company, Cargill Corporation, Barry Callebaut, Olam International Limited, Associated British Foods Plc, AAK AB, Hanan Products, Bake’n Joy, Ingredion Corporation and Tate & Lyle Plc.
Global Liquid Flavor Product Outlook (Revenue, USD Million; 2012 - 2022)
• Organic Flavor Concentrates
• Flavor Extracts
• Artificial Flavor Liquids
Global Liquid Flavor Application Outlook (Revenue, USD Million; 2012 - 2022)
• Bakery & Confectionery
• Dairy & Frozen Foods
• Processed Foods
Global Liquid Flavor Regional Outlook (Revenue, USD Million; 2012 - 2022)
• North America
• Asia Pacifi
• Central & South America
• Middle East & Africa
Research Support Specialist, USA