Flavors Market in South Korea Development Trend, Industry Structure, Manufacturing and Consumption, Outlook and Forecast 2020-2026

The Global report on “Flavors Market in South Korea” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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Flavor is the sensory impression of a food or other substance, and is determined mainly by the chemical senses of taste and smell. The “trigeminal senses”, which detect chemical irritants in the mouth and throat as well as temperature and texture, are also very important to the overall Gestalt of flavor perception. The flavor of the food, as such, can be altered with natural or artificial flavorants, which affect these senses. Flavorant is defined as a substance that gives another substance flavor, altering the characteristics of the solute, causing it to become sweet, sour, tangy, etc. Although the terms “flavoring” or “flavorant” in common language denote the combined chemical sensations of taste and smell, the same terms are usually used in the fragrance and flavors industry to refer to edible chemicals and extracts that alter the flavor of food and food products through the sense of smell. Due to the high cost or unavailability of natural flavor extracts, most commercial flavorants are nature-identical, which means that they are the chemical equivalent of natural flavors but chemically synthesized rather than being extracted from the source materials. Identification of nature-identical flavorants are done using technology such as headspace techniques.

This report contains market size and forecasts of Flavors in South Korea, including the following market information:
South Korea Flavors Market Revenue, 2015-2020, 2021-2026, ($ millions)
South Korea Flavors Market Consumption, 2015-2020, 2021-2026, (K MT)
South Korea Flavors Production Capacity, 2015-2020, 2021-2026, (K MT)
Top Five Competitors in South Korea Flavors Market 2019 (%)

The global Flavors market was valued at 12090 million in 2019 and is projected to reach US$ 11660 million by 2026, at a CAGR of -0.9% during the forecast period. While the Flavors market size in South Korea was US$ XX million in 2019, and it is expected to reach US$ XX million by the end of 2026, with a CAGR of XX% during 2020-2026.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Flavors manufacturers, suppliers, distributors and industry experts on the impacts of the COVID-19 pandemic on businesses, with top challenges including ingredients and raw material delays, component and packaging shortages, reduced/cancelled orders from clients and consumers, and closures of production lines in some impacted areas.

This report also analyses and evaluates the COVID-19 impact on Flavors production and consumption in South Korea

Total Market by Segment:
South Korea Flavors Market, By Type, 2015-2020, 2021-2026 ($ millions) & (K MT)
South Korea Flavors Market Segment Percentages, By Type, 2019 (%)
– Natural Flavoring Substances
– Nature-identical Flavoring Substances
– Artificial Flavoring Substances

South Korea Flavors Market, By Application, 2015-2020, 2021-2026 ($ millions) & (K MT)
South Korea Flavors Market Segment Percentages, By Application, 2019 (%)
– hard candy, cookies and other baked goods
– soft drinks, beverages, ice cream, other cold drink

Competitor Analysis
The report also provides analysis of leading market participants including:
Total Flavors Market Competitors Revenues in South Korea, by Players 2015-2020 (Estimated), ($ millions)
Total Flavors Market Competitors Revenues Share in South Korea, by Players 2019 (%)
Total South Korea Flavors Market Competitors Sales, by Players 2015-2020 (Estimated), (K MT)
Total South Korea Flavors Market Competitors Sales Market Share by Players 2019 ($ millions)

Further, the report presents profiles of competitors in the market, including the following:
– Givaudan
– Firmenich
– IFF
– Symrise
– Takasago
– Sensient Flavors
– Mane SA
– T•Hasegawa
– International Flavors&Fragrances
– Robertet SA
– WILD
– McCormick
– Synergy Flavor
– Prova
– Apple F&F
– CFF-Boton
– Huabao Group
– Bairun F&F
– Chunfa Bio-Tech
– Tianning F&F
– Artsci Bio
– Baihua F&F
– Hangman
– Hodia Flavor
– Wincom F&F
– Huayang F&F
– Meiyi F&F

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