The global add-back flavours market will be valued at US$1,503.4 million by 2024 and has been forecasted to expand at a noteworthy CAGR of 4.4% to reach US$ 2,312.5 million by 2034. Liquid Add-Back Flavours will be worth around US$ 983.2 million in 2024 and account for a 65.4% share of the global market.

The advanced technology presented by the smart flavour systems in the global add-back flavours market is a game changer concerning the assumptions made on production efficiency and quality control. This infusion of technology is made possible by applying intelligent systems into the craft of flavouring, giving rise to a new world of smart fabrication. Advanced sensor arrays with machine learning make it possible to change the flavour of the food product on the fly, eliminating the perennially problematic aspect of drug formulation which is batch-to-batch consistency.

Digital flavour mapping capabilities have heralded a new era of efficiency in product development, allowing manufacturers to create and ramp up new formulations in a short period while upholding great uniformity across various geographical locations. This advancement in technology, however, has not only improved the quality of operations but has also opened the door for newer developments to produce personalization and speed to market

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Key Takeaways from the Market Study

• The global add-back flavours market is projected to grow at 4% CAGR and reach US$ 2,312.5 million by 2034
• The market created an opportunity of US$ 1 million between 2024 and 2034
• North America is a prominent region that is estimated to hold a market share of 3% in 2034
• Predominating market players include Givaudan SA, Symrise AG & Kerry Group
• Liquid Add-Back Flavors Form type is estimated to grow at a CAGR of 5% creating an absolute $ opportunity of US$ 375.2 million between 2024 and 2034
• Food Manufacturing of add-back flavours under End-Use Industry type is expected to reach around US$ 688.6 million by 2024

“Advanced flavor technology addressing complexity in alternative protein taste profile enhancement,” says a Fact.MR analyst.

Development by Market Players in the Add-Back Flavours Market

Givaudan SA: In Sep 2023, Givaudan announced a partnership with a leading plant-based food company to develop innovative flavor solutions tailored for the growing vegan market. This collaboration aims to enhance the sensory experience of plant-based products, responding to increasing consumer demand for sustainable options.

Sensient Technologies Corporation: Feb 2024, Sensient launched its Portfolio Optimization Plan aimed at streamlining operations and enhancing efficiency. This strategic initiative is expected to drive cost savings and improve profitability as the company navigates a transitional market environment.

Hasegawa Co., Ltd.: In Nov 2023, T. Hasegawa announced its entry into the plant-based flavor market with a new product line aimed at enhancing meat alternatives. This launch is part of their strategy to diversify offerings in response to changing consumer dietary preferences.

Fact.MR, in its new offering, presents an unbiased analysis of the global add-back flavours market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on flavor type (Natural Add-Back Flavors[Plant-based Flavors, Animal-derived Flavors, Fermented Flavors], Artificial Add-Back Flavors[Synthetic Fruit Flavors, Synthetic Dairy Flavors]), Form (Liquid Add-Back Flavors[Emulsified Flavors, Oil-Soluble Flavors], Powdered Add-Back Flavors[Encapsulated Flavors, Spray-Dried Flavors]) & End-Use Industry (Food Manufacturing[Large-scale Manufacturers, Multinational Companies, National Brands, Small-Medium Enterprises, Regional Producers, Specialty Manufacturers], Beverage Industry[Commercial Producers, Craft Producers], Food Service[Quick Service Restaurants, Fine Dining]) Distribution Channel(Direct Sales[Manufacturer Direct, Bulk Supply, Contract Manufacturing, Industrial Suppliers,Wholesale,B2B Platforms]Indirect Sales[Distributors, Agents],Online Sales[E-commerce Websites, Direct-to-Consumer (DTC) Websites]) Processing Method(Thermal Processing[Heat Treatment, Cooking Processes],Non-Thermal Processing[Cold Processing, Mechanical Processing])across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).

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Key Companies Profiled-

Givaudan SA; International Flavours & Fragrances (IFF); Symrise AG; Firmenich SA; Takasago International Corporation; Sensient Technologies Corporation; Mane SA; T. Hasegawa Co., Ltd.; Wild Flavours GmbH; Robertet Group; Bell Flavours & Fragrances; Huabao International; Kerry Group; Other Prom

Industry News-

International Flavours & Fragrances (IFF): In Oct 2023, International Flavours and Fragrances Inc. (IFF) unveiled several eco-friendly fragrance line extension items for green consumers. This initiative shows IFF’s commitment to sustainability, given the growing market for sustainable products. The fragrances are created from chemical-free and sustainable raw materials in line with the company’s mission to lower environmental harm in all its production activities.

Givaudan SA: In Aug 2023, Givaudan revealed that it intends to purchase a controlling interest in a successful flavoring business to broaden its existing range of products and fuel innovation in food & beverages. This move is projected to bolster Givaudan’s market presence in a bid to satisfy the changing needs of consumers about flavor complexities.

Cargill Aqua Nutrition. Sep 2023, Symrise announced a strategic partnership with a leading beverage brand to develop innovative flavor solutions. This collaboration underscores Symrise's commitment to expanding its presence in emerging markets, aiming to meet evolving consumer preferences.

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