Changing Global Food Trends: Key Developments in the Flavor Industry

Switzerland leads the global market for food flavors, followed by the U.S. and Germany. Covid-19 is now affecting the current flavor market. A lockdown has negatively impacted the growth of processed food items in most countries.

Fremont, CA: Global Food Trends: The Flavor Industry Increasingly, organic and natural ingredients are being used in the flavor industry as a result of global food trends. A changing guest demographic leads to a changing flavor market.

Flavor industry: Market overview

In the past few years, the global flavor market has experienced dramatic growth in the food and beverage industry. The flavor industry has been greatly influenced by the consumption of food and beverages. Ready-to-eat food products are becoming increasingly popular due to changing customer preferences. Therefore, this contributes to the development of the food flavor market.

It is possible to classify flavors into natural and synthetic flavors. Fruits, vegetables, and other edible foods provide natural flavors. Meanwhile, synthetic flavors are created in labs by processing inedible substances like petroleum. It is now possible to extract flavors from fruits and vegetables using new technologies. Currently, natural flavors are expected to increase significantly in demand due to their health and wellness benefits.

Switzerland leads the global market for food flavors, followed by the U.S. and Germany. Covid-19 is now affecting the current flavor market. A lockdown has negatively impacted the growth of processed food items in most countries. Furthermore, many custom software development companies develop food industry software systems that enable customers to order food quickly and easily.

Flavor market segment analysis

A variety of flavor types, applications, and geographies are segmented in the flavor market.

Based on flavor type

Flavors can be classified into different categories, including chocolate and browns, vanilla, fruits, nuts, spices, herbs, etc. Fruits and nuts are expected to account for the largest share of the food flavor market by 2020. Consequently, snack products, dairy products, and other food products with fruit and nut flavors are becoming increasingly popular.

In addition, the growing popularity of nuts boosts the demand for innovative and adventurous food and beverage items. However, spices and herbs are expected to grow at the fastest rate during the forecast period. Healthy living, discovering new tastes, sustainability, and awareness about the medicinal properties of herbs and spices have contributed to the dramatic growth of these segments.

Based on the application type

The food flavor market divides into the application types of flavor regarding dairy products, confectionery food, meat, baked products, etc. The beverage segment dominated the largest share of the food flavors market (2020) due to the demand for beverages with disposable income in urbanization and changing lifestyles.

Additionally, urbanization and lifestyle changes have affected customers' food consumption habits. Snack selections can usually replace main meals with something more flexible, light, and convenient. During the covid-19 pandemic, the savory and snack sector is expected to grow the fastest.