Venture Capital
Andrea Alms Video: Money In Motion 62 - Food Flavor Market
June 2023 - Venture Capital
TRANSCRIPT Hello, my name is Andrea Alms. I am technology investor and financial manager and this is your money in motion. Thank you for your questions about cultured meat and taste. Hence this episode we check out the global Food flavor market. What segment has the majority of the market for? Food flavors? Is it chocolate, vanilla or fruits and nuts? Fruits and nuts account for the majority of the market for food flavors. The runner up is vanilla. Vanilla is the most widely used flavor on the globe. Vanilla is used in ice cream, candy cakes, cookies, but also to enhance sweetness and flavor of other foods. Sorry, Chocolate lovers. According to VMR the global food flavor market is about 18.83 billion U.S. dollars in 2020 and is projected to reach 44.49 billion by 2028, growing at a compound average growth rate of 11.35%. MMR cites a market at 17.8 billion in 2021 and is expected to grow to 25 billion by 2029, with a growth rate of 4.8%, this report cites. In 2020, the market size was 8.9 billion, expected to grow 13.5 billion at a growth rate of 5.5%. Averaging the average is the market size 15 billion at 7.2% growth rate. Multibillion dollar market, yet single digit growth. Let's keep an eye on it. Thank you. This is your money, your money, in motion.