What is Seafood Flavor?
Seafood Flavor are ingredients which are sourced from seafood such as crabs, shrimps, fish, oyster, lobster, etc. This flavors are available in liquid, powder or paste format. Seafood flavors are rising in popularity because of their increasing applications in processed food such as sauces, soups, instant noodles, readymade meals, etc. Oyster is the most famous flavor because of its large scale applications in eastern cuisine. Natural seafood flavors are expected to rise in popularity over the chemical seafood falvors because of rising tendency for chemical free food. Asia Pacific is expected to emerge as the biggest market of the seafood flavor.
The market study is broken down by Type (Natural Seafood Flavors and Artificial Seafood Flavors), by Application (Savoury, Soups and Sauces, Spreads and Dips, Ready Meals, Instant Noodles and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NorthTaste Flavourings Ltd. (Canada), Kanegrade Ltd. (United Kingdom), Seafood Flavours A/S (Denmark), Flavorcan International Inc. (Canada), Givaudan (Switzerland), Nikken Foods Co., Ltd. (Japan), Firmenich SA (Switzerland), Iberchem Group (Spain), Innova Flavors (United States) and Gogia Chemical Industries Pvt. Ltd., (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Adare Food Ingredients Pvt Ltd. (India), Dongguan Boton Flavors & Fragrances Co. Ltd. (China) and Guangzhou Yahe Bio Tech Co., Ltd. (China).
AdvanceMarketAnalytics has segmented the market of Global Seafood Flavor market by Type, Application and Region.
On the basis of geography, the market of Seafood Flavor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Seafood Flavor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavour, the sub-segment i.e. Oyster will boost the Seafood Flavor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Iberchem Group, Spain based flavor and fragrance flavor has announced completion of acquisition of two flavour companies, which are Flavor Inn Corporation and Duomei based in Malaysia and China respectively. Flavor Inn Corporation specialises in the product of the natural as well as artificial flavors for beverages, bakery products and savoury. Whereas Duomei specialises in the production of the liquids, powders and pastes based flavors. The acquisition of this two companies will significantly improve the market standing of Iberchem while also expand their product portfolio.
In 2020, Givaudan, a Switzerland based manufacturer of flavours, fragrances and active cosmetic ingredients has announced acquisition of Ungerer & Company which is a private United States company specialised in production of the fragrance and flavour. The acquisition will significantly improve the market standing of the Givaudan in North America as well as improve their product portfolio.
- Sauces and Soups Account for Rising in Popularity
- Oyster based Flavor is Most Popular
- Increasing Urbanisation has led to Growth of the Processed Food Market
- Rising Demand for Sea Food Based Processed Food Products
- As Demand for Chemical Free Products Rises, thus Natural Seafood Flavors will Increase in Demand
- Presence of Counterfeit and Adulterated as well as Contaminated Products in Market
- Extending the Shelf Life of the Product
Key Target AudienceSeafood Flavor Producers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as NorthTaste Flavourings Ltd. (Canada), Kanegrade Ltd. (United Kingdom), Seafood Flavours A/S (Denmark), Flavorcan International Inc. (Canada), Givaudan (Switzerland), Nikken Foods Co., Ltd. (Japan), Firmenich SA (Switzerland), Iberchem Group (Spain), Innova Flavors (United States) and Gogia Chemical Industries Pvt. Ltd., (India) etc.
2. Can we have customized study for Seafood Flavor Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Seafood Flavor Market by 2026?
Analysts at AMA estimates Seafood Flavor Market to reach USD Million by 2026.