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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.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Peru Flavours Market Growth
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.
Peru Flavours Market Report Snapshots
*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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Key Questions Answered in the Report
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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