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Confectionery Flavor Market Trends and Forecast

The future of the global confectionery flavor market looks promising with opportunities in hard & soft candy, chewing gum, popcorn, and meringue applications. The global confectionery flavor market is expected to reach an estimated $6.9 billion by 2028 with a CAGR of 4% from 2023 to 2028. The major drivers for this market are increasing population and food and beverage industry and growing health awareness and product knowledge among consumers.
Confectionery Flavor Market by Flavor, Nature, Form, and Application
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
Confectionery Flavor Market by Segments

Confectionery Flavor Market by Segment

The study includes trends and forecast for the confectionery flavor market by flavor type, nature, form, application, and region, as follows:

Confectionery Flavor Market by Flavor Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Sweet Flavors
  • Vanilla Flavors
  • Fruit Flavors
  • Mint Flavors
  • Others

Confectionery Flavor Market by Nature [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Natural
  • Synthetic

Confectionery Flavor Market by Form [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Liquid
  • Powder
  • Syrup

Confectionery Flavor Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Hard & soft candies
  • Chewing gum
  • Popcorn
  • Meringues

Confectionery Flavor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Confectionery Flavor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, confectionery flavor companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the confectionery flavor companies profiled in this report include- 

Confectionery Flavor Market Insights

  • Lucintel forecasts that fruit flavors will remain the largest flavor type segment over the forecast period as it provides a wide variety of flavor options, and it is also associated with sweetness and freshness which make them a popular choice for many consumers.
  • Hard & soft candies are expected to remain the largest application segment because they come in a wide variety of flavors and textures, which appeal to all age categories.
  • Europe will remain the largest region due to increasing number of consumers of confectionery goods and rising preference for confectionery goods among elderly population in the region.

Features of the Confectionery Flavor Market

  • Market Size Estimates: Confectionery flavor market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Confectionery flavor market size by various segments, such as by flavor type, nature, form, application, and region
  • Regional Analysis: Confectionery flavor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by flavor types, natures, forms, applications, and regions for the confectionery flavor market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the confectionery flavor market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the confectionery flavor market size?
Answer: The global confectionery flavor market is expected to reach an estimated $6.9 billion by 2028.
Q2. What is the growth forecast for confectionery flavor market?
Answer: The global confectionery flavor market is expected to grow with a CAGR of 4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the confectionery flavor market?
Answer: The major drivers for this market are increasing population and food and beverage industry and growing health awareness and product knowledge among consumers.
Q4. What are the major segments for confectionery flavor market?
Answer: The future of the confectionery flavor market looks promising with opportunities in hard & soft candy, chewing gum, popcorn, and meringue applications.
Q5. Who are the key confectionery flavor companies?
Answer: Some of the key confectionery flavor companies are as follows:
  • Givaudan
  • Dohler
  • FlavorChem
  • The Edlong Corporation
  • FONA International
  • Flavaroma
  • GOLD COAST INGREDIENTS
  • Symrise
  • LorAnn Oils
  • Innova Flavors
Q6. Which confectionery flavor segment will be the largest in future?
Answer: Lucintel forecasts that fruit flavors will remain the largest flavor type segment over the forecast period as it provides a wide variety of flavor options, and it is also associated with sweetness and freshness which make them a popular choice for many consumers. 
Q7. In confectionery flavor market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region due to the increasing number of consumers of confectionery products and rising preference for confectionery goods among elderly population in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the global confectionery flavor market by flavor type (sweet flavors, vanilla flavors, fruit flavors, mint flavors, and others), nature (natural and synthetic), form (liquid, powder, and syrup), application (hard & soft candies, chewing gums, popcorns, and meringues), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?

For any questions related to confectionery flavor market or related to confectionery flavor companies, confectionery flavor market size, confectionery flavor market share, confectionery flavor analysis, confectionery flavor market growth, confectionery flavor market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Confectionery Flavor Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Confectionery Flavor Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Confectionery Flavor Market by Flavor Type 
3.3.1: Sweet Flavors
3.3.2: Vanilla Flavors
3.3.3: Fruit Flavors
3.3.4: Mint Flavors
3.3.5: Others 
3.4: Global Confectionery Flavor Market by Nature 
3.4.1: Natural
3.4.2: Synthetic  
3.5: Global Confectionery Flavor Market by form  
3.5.1: Liquid
3.5.2: Powder
3.5.3: Syrup 
3.6: Global Confectionery Flavor Market by Application  
3.6.1: Hard & soft candies
3.6.2: Chewing gum
3.6.3: Popcorn
3.6.4: Meringues 
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Confectionery Flavor Market by Region
4.2: North American Confectionery Flavor Market
4.2.1: North American Confectionery Flavor Market by Flavor Type: Sweet Flavors, Vanilla Flavors, Fruit Flavors, Mint Flavors, and Others
4.2.2: North American Confectionery Flavor Market by Application: Hard & Soft Candies, Chewing Gum, Popcorns, and Meringues  
4.3: European Confectionery Flavor Market
4.3.1: European Confectionery Flavor Market by Flavor Type: Sweet Flavors, Vanilla Flavors, Fruit Flavors, Mint Flavors, and Others 
4.3.2: European Confectionery Flavor Market by Application: Hard & Soft Candies, Chewing Gum, Popcorns, and Meringues  
4.4: APAC Confectionery Flavor Market 
4.4.1: APAC Confectionery Flavor Market by Flavor Type: Sweet Flavors, Vanilla Flavors, Fruit Flavors, Mint Flavors, and Others
4.4.2: APAC Confectionery Flavor Market by Application: Hard & Soft Candies, Chewing Gum, Popcorns, and Meringues  
4.5: ROW Confectionery Flavor Market 
4.5.1: ROW Confectionery Flavor Market by Flavor Type: Sweet Flavors, Vanilla Flavors, Fruit Flavors, Mint Flavors, and Others 
4.5.2: ROW Confectionery Flavor Market by Application: Hard & Soft Candies, Chewing Gum, Popcorns, and Meringues  
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Confectionery Flavor Market by Flavor Type 
6.1.2: Growth Opportunities for the Global Confectionery Flavor Market by Nature
6.1.3: Growth Opportunities for the Global Confectionery Flavor Market by form
6.1.4: Growth Opportunities for the Global Confectionery Flavor Market by Application  
6.1.5: Growth Opportunities for the Global Confectionery Flavor Market by Region
6.2: Emerging Trends in the Global Confectionery Flavor Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Confectionery Flavor Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Confectionery Flavor Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Givaudan
7.2: Dohler
7.3: FlavorChem
7.4: The Edlong Corporation
7.5: FONA International 
7.6: Flavaroma
7.7: GOLD COAST INGREDIENTS
7.8: Symrise 
7.9: LorAnn Oils
7.10: Innova Flavors
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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