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Peru Flavours Market Size, Share, Analysis, Report: By Flavouring Agent: Nature Identical Flavouring Substance, Artificial Flavouring Substance, Natural Flavours; By Form: Liquid, Dry, By Application: Beverages, Bakery and Confectionery Products, Dairy and Frozen Desserts, Others; Regional Analysis; Competitive Landscape; 2024-2032
Peru Flavours Market Size
The Peru flavours market attained a value of 87.97 million in 2023. The market is expected to grow at a CAGR of 3.33% between 2024 and 2032, reaching almost 118.08 million by 2032.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Flavours Market Overview
8.1 Key Industry Highlights
8.2 Latin America Flavours Historical Market (2018-2023)
8.3 Latin America Flavours Market Forecast (2024-2032)
9 Peru Flavours Market Analysis
9.1 Key Industry Highlights
9.2 Peru Flavours Historical Market (2018-2023)
9.3 Peru Flavours Market Forecast (2024-2032)
9.4 Peru Flavours Market by Flavouring Agent
9.4.1 Nature Identical Flavouring Substance
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Artificial Flavouring Substance
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Natural Flavours
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.5 Peru Flavours Market by Form
9.5.1 Liquid
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Dry
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.6 Peru Flavours Market by Application
9.6.1 Beverages
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Bakery and Confectionery Products
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Dairy and Frozen Desserts
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
9.6.4 Savouries and Snacks
9.6.4.1 Historical Trend (2018-2023)
9.6.4.2 Forecast Trend (2024-2032)
9.6.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Givaudan SA
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 International Flavors & Fragrances Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Bell Flavors & Fragrances, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Innalsa
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Quimtia
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Peru Flavours Market: Key Industry Highlights, 2018 and 2032
2. Peru Flavours Historical Market: Breakup by Flavouring Agent (USD Million), 2018-2023
3. Peru Flavours Market Forecast: Breakup by Flavouring Agent (USD Million), 2024-2032
4. Peru Flavours Historical Market: Breakup by Form (USD Million), 2018-2023
5. Peru Flavours Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Peru Flavours Historical Market: Breakup by Application (USD Million), 2018-2023
7. Peru Flavours Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Peru Flavours Market Structure
Key Questions Answered in the Report
The Latin America flavours market is projected to grow at a CAGR of 3.33% between 2024 and 2032.
The Latin America flavours market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 118.08 million by 2032.
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.
Analyst Review
The Peru flavours market is aided by the growth of Latin America flavours market, which attained a value of about USD 87.97 million in 2023, driven by the increasing globalisation and the thriving food and beverages industry. Aided by the increasing consumer preference for natural flavours, the Latin America flavours market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.33%. The market is projected to reach nearly USD 118.08 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of flavouring agent, the market can be distributed into nature identical flavouring substance, artificial flavouring substance, and natural flavours. By form, the industry can be bifurcated into liquid and dry. Based on application, the market can be categorised into beverages, bakery and confectionery products, dairy and frozen, desserts, and savouries and snacks, among others. The key players in the above market include Givaudan SA, International Flavors & Fragrances Inc., Bell Flavors & Fragrances, Inc., Innalsa, and Quimtia, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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