Global flavors market is expected to witness growth on account of increasing demand from the food & beverage industry. Increasing preference towards packed foods as a result of changing lifestyle is expected to positively impact flavors demand over the forecast period. Natural flavors derived from organic sources including fruits and vegetables are expected to grow at a faster rate owing to higher acceptance rate as compared to its synthetic counterpart. Increasing demand for convenience food on account of rising disposable income and hectic lifestyles is expected to further augment flavors market growth over the next six years. Beverage industry growth is expected to be a key driving factor for the flavors market.
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DSM is a leading life sciences company with a wide range of products including flavors and fragrances. The company offers high quality consistent flavors which highlight taste of foodstuffs along with reducing salts and artificial ingredients. ADM is also engaged in production of flavors to be used in baking & cereals, beverages, candy & confectionery, dairy, meat products, processed foods and snack foods. Kerry Group supplies ingredients and flavors to leading food, beverage and pharmaceutical manufacturers.
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The company consists of five divisions on the basis of technology including savory & dairy systems & flavors, beverage systems & flavors, cereal & sweet systems & flavors, pharma/functional ingredients and regional ingredients. The Group serves a variety of end-use markets including beverage, meat, dairy, bakery, soups, sauces & dressings, ice cream & desserts, prepared meals & side dishes, savory snacks, pharma, cereal & bars, confectionery and appetizers.
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