Dairy Flavors Market Size to 2028- Industry Analysis & Forecast

Dairy Flavors Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Flavor Profile (Cheese, Butter, Cream, and Others), Form (Liquid, Powder, and Paste), Category (Artificial and Natural), Nature (Dairy-based and Dairy-free), Application (Bakery and Confectionery; Dairy and Frozen Desserts; Soups and Sauces; Dressings, Dips, and Spreads; Beverages; Others)

  • Report Code : TIPRE00009450
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 153
Buy Now

The dairy flavors market size is expected to grow from US$ 1,962.45 million in 2022 to US$ 2,552.19 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2022 to 2028.

Dairy flavors are flavoring agents added to various food products and beverages to impart the flavor of dairy products such as butter, cheese, cream, and milk. Dairy flavors are gaining traction in the food & beverages industry as they aid in imparting dairy flavor without adding to the calories or fat content of the product. Dairy flavors are processed and manufactured from dairy products such as milk, butter, cheese, and cream and are available in liquid, powder, and paste formats. These flavors are intended to enhance the taste and intensity of various food products by providing them with an array of flavor profiles such as buttery, cheesy, creamy, and several other sweet and savory tastes. Dairy flavors are used in various food products such as bakery & confectionery, sweet & savory snacks, soups & sauces, dips & dressings, and frozen desserts.

In 2021, Asia Pacific held the largest share of the dairy flavors market and is estimated to register the highest CAGR during the forecast period. The market growth in this region is mainly attributed to rising health awareness and increasing focus on tasty food in countries such as India, China, and Japan due to the growing disposable incomes. Consumers are willing to pay higher prices for dairy flavor products in these countries. India stands as one of the fastest-growing markets in Asia Pacific, where consumers are not willing to compromise on the taste and health factors of the food. There is a massive demand for regional and traditional flavors from the Indian subcontinent, which is fueling the market growth.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Dairy Flavors Market: Strategic Insights

dairy-flavors-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Impact of COVID-19 Pandemic on Dairy Flavors Market

Before the pandemic, the growing demand for processed food and the increasing consumer requirement for a variety of flavors and tastes of the product were the key factors that boosted the growth of the dairy flavors market. The dairy flavors market was driven by the food & beverages industry incorporating a variety of flavors in its products. Moreover, consumer shift toward natural flavors and increased consumption of ready-to-eat products among the population were among the other factors positively influencing the market growth. However, industries experienced unprecedented challenges after the onset of the COVID-19 pandemic in 2020, including supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions. The supply chain disruptions created a shortage of raw materials, which affected the production and distribution of various products, leading to increased prices.

In 2021, various economies resumed operation as governments of various countries announced the relaxation of the previously imposed restrictions, which boosted the global marketplace. Further, manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap and other repercussions. As numerous citizens of many countries were fully vaccinated by 2021, the dairy flavor manufacturers focused on increasing their production to revive their businesses.

Market Insights

Strategic Developments by Key Players Favor Dairy Flavors Market Growth

In June 2020, Edlong expanded its dairy-based natural flavors segment by including a line of high-intensity cheese and cultured profiles for use in sauces, dressings, and dips. In May 2021, Synergy Flavors Acquires Innova Flavors from Griffith Foods Worldwide. This acquisition provides considerable benefits to Synergy customers by giving them access to a proven variety of flavors to address the growing demand for natural flavors and savory ingredients. Such strategic developments by key players in the market are expected to surge the growth of the dairy flavors market. In addition, some of the key players in the region are involved in strategies such as mergers and acquisitions to expand their geographical presence.

Flavor Profile Insights

Based on flavor profile, the dairy flavors market is segmented into cheese, butter, cream, and others. The cheese segment held the largest market share in 2021 and is expected to register the highest CAGR during the forecast period. The popularity of cheese flavor is based on its use in popcorn, potato chips, cookies, crackers, dips & spreads, and sauces, among other products. Elevating demand for food products, growing retail outlets, and increasing preference for fast food are bolstering the requirement for cheese flavors.

Application Insights

Based on application, the dairy flavors market is segmented into bakery and confectionery; dairy and frozen desserts; soups and sauces; dressings, dips, and spreads; beverages; and others. Bread, cookies, cakes, and fillings are among the primary bakery and confectionery applications of dairy flavors. Confectionery manufacturers are increasingly using natural flavors in their products. Dairy-based flavors are increasingly being used in bakery products such as cookies and cakes.

Jeneil, Flavorjen, The Edlong Corporation, Givaudan S.A., Kerry Group, Sensient Technologies, Symrise, Synergy Flavors, Bluegrass Ingredients Inc., and Flavorade India are among the major players operating in the dairy flavors market. These companies mainly focus on product innovation to expand their market size and follow emerging market trends.

Dairy Flavors Market Regional Insights

The regional trends and factors influencing the Dairy Flavors Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Dairy Flavors Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

dairy-flavors-market-global-geography
  • Get the Regional Specific Data for Dairy Flavors Market

Dairy Flavors Market Report Scope

Report Attribute Details
Market size in 2022 US$ 1.96 Billion
Market Size by 2028 US$ 2.55 Billion
Global CAGR (2022 - 2028) 4.5%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Flavor Profile
  • Cheese
  • Butter
  • Cream
By Form
  • Liquid
  • Powder
  • Paste
By Category
  • Artificial and Natural
By Nature
  • Dairy-based and Dairy-free
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Jeneil
  • Flavorjen
  • The Edlong Corporation
  • Givaudan S.A.
  • Kerry Group
  • Sensient Technologies
  • Symrise
  • Synergy Flavors
  • Bluegrass Ingredients Inc.
  • Market Players Density: Understanding Its Impact on Business Dynamics

    The Dairy Flavors Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Dairy Flavors Market are:

    1. Jeneil
    2. Flavorjen
    3. The Edlong Corporation
    4. Givaudan S.A.
    5. Kerry Group

    Disclaimer: The companies listed above are not ranked in any particular order.


    dairy-flavors-market-speedometer

    • Get the Dairy Flavors Market top key players overview

    Report Spotlights

    • Progressive industry trends in the dairy flavors market to help companies develop effective long-term strategies
    • Business growth strategies adopted by the dairy flavors market players in developed and developing countries
    • Quantitative analysis of the market from 2022 to 2028
    • Estimation of global demand for dairy flavors
    • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the dairy flavors market
    • Recent developments to understand the competitive market scenario
    • Market trends and outlook, as well as factors driving and restraining the growth of the dairy flavors market
    • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
    • Size of the dairy flavors market at various nodes
    • Detailed overview and segmentation of the market and growth dynamics of the dairy flavors industry
    • Size of the dairy flavors market in various regions with promising growth opportunities
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    Flavor Profile, Form, Category, Nature, and Application

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UK, United Arab Emirates, United States

    Frequently Asked Questions


    What are the opportunities for dairy flavors in the global market?

    Consumers are shifting their preferences toward more natural and organic food products. They are highly concerned about the ingredients used in processed foods and beverages and are preferring simpler ingredients, free from chemical additives and genetically modified organisms (GMOs). Clean label and organic food products have gained significant traction among the consumers in the region since they are perceived to be healthier than conventional foods. Consumers are willing to pay a higher price for clean label and organic foods. The product development coupled with surging popularity of clean label and organic food products is projected to offer significant growth opportunities to the manufacturers of dairy flavors over the forecast period.

    What are the key drivers for the growth of the global dairy flavors market?

    Dairy flavors are processed and manufactured from dairy products such as milk, butter, cheese, and cream and are available in liquid, powder, and paste formats. These flavors are intended to enhance the taste and intensity of various food products by providing them with an array of flavor profiles such as buttery, cheesy, creamy, and several other sweet and savory tastes. Dairy flavors are used in various food products such as bakery & confectionery, sweet & savory snacks, soups & sauces, dips & dressings, and frozen desserts. Thus, the growth of the food & beverages industry, coupled with an increase in the utilization of dairy flavors in a wide range of food products, is significantly driving the dairy flavors market globally

    Can you list some of the major players operating in the global dairy flavors market?

    The major players operating in the global dairy flavors market are Jeneil, Flavorjen, The Edlong Corporation, Givaudan S.A., Kerry Group, Sensient Technologies, Symrise, Synergy Flavors, Bluegrass Ingredients Inc., and Flavorade India.

    What is the largest region of the global dairy flavors market?

    Asia Pacific accounted for the largest share of the global dairy flavors market. Asia Pacific is one of the most significant regions for the dairy flavors market owing to rising health awareness and increasing focus on tasty food in countries such as India, China, and Japan due to the growing disposable incomes.

    Based on the category, which segment is projected to grow at the fastest CAGR over the forecast period?

    Based on the category, natural segment is projected to grow at the fastest CAGR over the forecast period. Rising health concerns among consumers and increasing number of product launches has surged the growth of natural dairy flavors segment.

    Based on the flavor profile, why is the cheese segment have the largest revenue share?

    Based on flavor profile, cheese segment mainly has the largest revenue share. The growth of the segment is attributed to availability of variety of flavors and its wide application in various food and beverages application.

    Trends and growth analysis reports related to Food and Beverages : READ MORE..   

    The List of Companies - Dairy Flavors Market 

    1. Jeneil
    2. Flavorjen
    3. The Edlong Corporation
    4. Givaudan S.A.
    5. Kerry Group
    6. Sensient Technologies
    7. Symrise
    8. Synergy Flavors
    9. Bluegrass Ingredients Inc.
    10. Flavorade India

    Buy Now