125 0 Kommentare Premiumisation Strategy Working Well for Vegan Flavor Market Players | Future Market Insights - Seite 2

North America and Europe shall retain market dominance across the forecast period. Growing health consciousness is a key driver.
According to Plant Proteins Co., U.S. retail sales of plant-based foods increased by 11% between 2018 and 2019, creating immense opportunities for the entry of market players.
Market growth shall remain limited in the Middle East and Africa, attributed to limited awareness about vegan products and increased animal consumption.
East Asia shall be the fastest growing vegan flavors market due to rising concerns about the environment due to meat consumption.

Browse Preview, 2020 Analysis and Review Vegan Flavors by Source - Vegetable, Fruits, Fusion and Herbs & Spice for 2020 – 2030: https://www.futuremarketinsights.com/reports/vegan-flavors-market

Vegan Flavors Market: Competitive Analysis

The global vegan flavors market is highly fragmented, with the presence of over 60 vendors. Prominent market players are leveraging consumer preference for vegan flavors to expand their product portfolio and expand their outreach.

Players such as Sensient Technologies Corporation, International Flavors and Fragrances Inc. and Symrise AG concentrate on customizing vegan flavors to enhance sales prospects. Establishing creative centers and analyzing consumer tastes and preferences by trained professionals are some of their most effective strategies.

Acquisitions, mergers and joint-ventures also comprise an important market expansion strategy for market players. In July 2018, Sensient Technologies acquired Mazza Innovation Limited to avail an umbrella technology supporting vegan application flavors and fragrances. Also, in May 2019, Givaudan SA acquired a Golden Frog, a Vietnamese flavor company to expand its product portfolio.

Vegan Flavors Market Taxonomy:

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