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The food flavors market size is forecast to increase by USD 6.62 billion, at a CAGR of 6.86% between 2023 and 2028. The market is witnessing significant growth due to the premiumization trend in the confectionery industry and the food and beverage sector. Consumers are increasingly seeking exotic and novel food flavors in convenient and processed foods, including functional food and beverages and ready-to-eat food items. Food manufacturing companies are investing in technological advances to produce artificial and natural food flavors that cater to evolving consumer preferences. Stringent food safety regulations and guidelines are driving the demand for food additives that enhance taste and smell while ensuring product safety. The market is expected to continue its growth trajectory, with a focus on innovation and sustainability in food flavor production.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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