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Generally beverages within United States and Europe are predominantly using natural flavors; however, in other world regions there's still significant room for growth, according to a new report from Research and Markets.
The global flavor and fragrance market is expected to grow to $33.5 billion by 2019, with a compound annual growth rate (CAGR) of 5.8%, according to market researcher BBC Research.
Supermarket guru Phil Lempert predicts the most significant changes next year will stem from a desire for bold-flavored foods that also offer health benefits, and shifts in approach to supermarket shopping: both online and at brick-and-mortar stores.
The number one food trend that will flavor the foodscape in 2015 is more complex and true-to-region Asian foods, according to a list of top 10 flavor trends for 2015 report from Sterling-Rice Group (SRG).
A few of the peppers highlighted in this line of flavors range from the aji panca to the bhut jolokia (ghost pepper), which is listed as the hottest pepper.
A seemingly never-ending consumer demand for soft drinks, alcoholic drinks and hot beverages around the world makes beverages a significant category for manufacturers and suppliers of flavors.
The $12.1-billion global natural flavors market continues to expand, while the drive to clean-label has created growth opportunities for flavoring materials and seasonings, herbs and spices.
The market research firm said the global F&F market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.63% over the period 2013-2018.
Includes MultiSweet Plus sugar reduction portfolio, functional mixtures and more.
For same-day taste sauces and soups, Wixon features BBQ Beer Sauce, Cheddar Ale Soup, Green Apple Dip and Instant Salted Caramel Dip.