At 5.1% CAGR, the Europe Powdered Flavors Market is Projected to be Worth US$ 3,663.74 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe powdered flavors market was valued at US$ 2,466.20 million in 2022 and is expected to reach US$  3,663.74 million by 2030, registering a CAGR of 5.1% from 2022 to 2030. Advantages of powder flavors and wide application of powdered flavors are among the critical factors attributed to the Europe powdered flavors market expansion.             

Sports nutrition market is witnessing strong growth across the globe. Due to the rising incidence of obesity, diabetes, and heart diseases, consumers in the globe engage in physical activities and consume products that provide functional benefits. Moreover, the number of recreational sports enthusiasts is increasing across the globe as people are concentrating on their health and well-being. These factors drive the demand for sports nutrition products such as protein supplements, energy drinks and mixes, creatine, and performance-enhancing products. Sports nutrition products are available in common flavors such as vanilla, chocolate, strawberry, and banana. However, with the rapidly growing sports nutrition market, there is a high demand for innovative flavor ingredients for sports nutrition products. Recently manufacturers have been incorporating cinnamon powders, mango powders, cherry powder, and powdered cookie flavors in sports nutrition products to attract a wider audience. Manufacturers are also incorporating nut powders in protein supplements to reduce fat content and enhance flavor. For instance, the defatted almond powder is used as a low-calorie flavoring agent in protein powders, enhancing the product's nutritional profile and imparting a clean taste and smooth mouthfeel. Thus, the rising inclusion of innovative powdered flavors in sports nutrition supplements is expected to provide strong growth potential to the powdered flavors market during the forecast period.

On the contrary, increasing concerns related to synthetic food flavorings hampers on the growth of Europe powdered flavors market. 

Based on type, the Europe powdered flavors market is segmented into sweet, savory, and others. The savory segment held 48.8% market share in 2022, amassing US$ 1,204.05 million. It is projected to garner US$  1,856.86 million by 2030 to expand at 5.6% CAGR during 2022–2030.

Based on category, the Europe powdered flavors market is divided into natural and synthetic. The synthetic segment held 51.6% share of Europe powdered flavors market in 2022, amassing US$ 1,271.71 million. It is projected to garner US$ 1,839.22 million by 2030 to expand at 4.7% CAGR during 2022–2030.

Based on application, the Europe powdered flavors market is segmented into bakery and confectionery; dairy and frozen desserts; soups, sauces, and dressings; meat and meat substitute products; snacks and RTE meals; nutritional supplements; and others. The snacks and RTE meals segment held 34.2% share of Europe powdered flavors market in 2022, amassing US$ 842.72 million. It is projected to garner US$ 1,305.78 million by 2030 to expand at 5.6% CAGR during 2022–2030.

Based on country, the Europe powdered flavors market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 37.1% share of Europe powdered flavors market in 2022. It was assessed at US$ 914.22 million in 2022 and is likely to hit US$ 1,275.71 million by 2030, exhibiting a CAGR of 4.3% during 2022–2030.            

Key players operating in the Europe powdered flavors market are Bell Flavors & Fragrances Inc, Flavorchem Corp, Gold Coast Ingredients Inc, Robertet SA, Symrise AG, and Synergy Flavours Ltd, among others.

• In 2023, Bell Flavors & Fragrances’ Technology and Innovation Center Advances Strategic Developments in Clean Label Flavors.

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