A Matter of Taste

Whether natural or artificial, flavor ingredients are always in season for food and beverage companies looking to pump up product taste profiles. The global food flavors market, estimated at nearly $17.2 billion in 2021, is expected to grow at a compound annual growth rate (CAGR) of about 4.8% from 2022 to 2030 to reach $26.3 billion, according to business research firm Precedence Research.

Artificial (synthetic) flavors still hold the largest market share at 59% in 2021, but the International Fo…