The Peru flavours market attained a value of USD 87.97 Million in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 3.33%, to reach USD 122.07 Million by 2034.
Base Year
Historical Year
Forecast Year
Value in USD Million
2025-2034
Peru Flavours Market Outlook
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Based on flavouring agent, the natural flavour segment is predicted to account for a significant market share in the Peru flavours industry. This can be attributed to the rising health consciousness among consumers, who are seeking food items with more natural flavourings made using plant-based ingredients instead of artificial additives made from harmful chemicals. In addition, the increased consumption of artificial flavourings is associated with health concerns such as allergies and other ailments. This is leading to increased integration of natural flavours in a variety of food products. These factors are predicted to augment the market growth in the coming years.
The increased demand for Peruvian flavours across the globe is anticipated to aid the market growth. In this regard, the increased demand for Peruvian sauces and dips such as Aji Criolla and Aji Amarillo, among others, are anticipated to spearhead the demand for liquid flavourings. In addition, the increased usability of liquid extracts and concentrates to add flavours to food items due to their convenience is also projected to aid the market growth in the coming years. Meanwhile, the dry form of flavouring is increasingly utilised in traditional Peruvian cooking, which is witnessing robust popularity in the West due to the increasing globalisation and the rising demand for foreign cuisines among consumers. These factors are estimated to positively contribute to the industry growth in the coming years.
The Flavor Extract Manufacturers Association (FEMA) define flavours as a range of sensations that one encounters during the process of consuming food and beverage. Flavours refer to the taste of different food items, which are brought together through the process of cooking. Based on the type of dish, certain flavours are added to help accentuate the overall taste of the dish. The flavours can be modified according to the preference of consumers. These additives, natural or synthetic, help create a variety of flavours and are especially used in packaged foods to help preserve their taste throughout their shelf-life.
By flavouring agent, the market is divided into:
On the basis of form, the industry can be segmented into:
Based on application, the market can be categorised into:
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The Peru Flavours industry is being driven by the increasing demand for new and innovative flavour options among consumers. This can be attributed to the rising globalisation, which is leading to a shift in food preferences of consumers. The growing demand for dishes that are healthy and delicious is also predicted to facilitate the industry growth. In addition, the rising disposable incomes, improved living standards, and changing lifestyles are predicted to bolster the market growth. Furthermore, the escalating consciousness among consumers pertaining to health and fitness is anticipated to propel the demand for natural flavouring agents, which is projected to aid the industry growth in the forecast period. In addition, the rising investment in the food and beverage industry by the government owing to the growing global population is also expected to contribute to the market growth in the coming years.
The report gives a detailed analysis of the following key players in the Peru flavours market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Peru flavours market is projected to grow at a CAGR of 3.33% between 2025 and 2034.
The Peru Flavours Market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of USD 122.07 Million by 2034.
The major market drivers are the growing demand for innovative flavours, rising demand for natural flavourings, and surging research activities to develop new flavours by the food and beverage manufacturers.
The key trends guiding the market growth include rapid globalisation, evolving consumer preferences, and increasing demand for convenience foods.
The significant flavouring agents considered within the market report include nature identical flavouring substance, artificial flavouring substance, and natural flavours.
Liquid and dry are the different market segments based on forms of flavours.
The major applications of the product include beverages, bakery and confectionery products, dairy and frozen desserts, and savouries and snacks, among others.
The major players in the market are Givaudan SA, International Flavors & Fragrances Inc., Bell Flavors & Fragrances, Inc., Innalsa, and Quimtia, among others.
In 2024, the Peru flavours market reached an approximate value of USD 87.97 Million.
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| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Flavouring Agent |
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| Breakup by Form |
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| Breakup by Application |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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