| Product Code: ETC7543531 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s import shipments of flavouring agents in 2024 saw a significant increase in concentration, with Ireland, USA, Indonesia, Switzerland, and Germany emerging as the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a more concentrated market compared to the previous year. The impressive Compound Annual Growth Rate (CAGR) of 19.97% from 2020 to 2024 highlights the growing demand for flavouring agents in India. Moreover, the remarkable growth rate of 40.48% from 2023 to 2024 indicates a rapidly expanding market for these products in the country.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Flavouring Agents Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Flavouring Agents Market Revenues & Volume, 2021 & 2031F |
3.3 India Flavouring Agents Market - Industry Life Cycle |
3.4 India Flavouring Agents Market - Porter's Five Forces |
3.5 India Flavouring Agents Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Flavouring Agents Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 India Flavouring Agents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income and changing lifestyles leading to higher demand for convenience foods in India. |
4.2.2 Growing awareness about health and wellness leading to a shift towards natural and organic flavoring agents. |
4.2.3 Growth in the food and beverage industry in India, driving the demand for flavor enhancers. |
4.2.4 Increasing urbanization and busy lifestyles leading to a preference for ready-to-eat meals and processed foods. |
4.3 Market Restraints |
4.3.1 Strict regulations and quality standards governing the use of flavoring agents in food products. |
4.3.2 Fluctuating prices of raw materials impacting the cost of production for flavoring agents. |
4.3.3 Limited consumer awareness about the benefits of using quality flavoring agents in food preparation. |
5 India Flavouring Agents Market Trends |
6 India Flavouring Agents Market, By Types |
6.1 India Flavouring Agents Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Flavouring Agents Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 India Flavouring Agents Market Revenues & Volume, By Beverages, 2021- 2031F |
6.1.4 India Flavouring Agents Market Revenues & Volume, By Bakery, 2021- 2031F |
6.1.5 India Flavouring Agents Market Revenues & Volume, By Dairy, 2021- 2031F |
6.1.6 India Flavouring Agents Market Revenues & Volume, By Savory & Convenience Foods, 2021- 2031F |
6.1.7 India Flavouring Agents Market Revenues & Volume, By Confectionery, 2021- 2031F |
6.1.8 India Flavouring Agents Market Revenues & Volume, By Meat, 2021- 2031F |
6.2 India Flavouring Agents Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Flavouring Agents Market Revenues & Volume, By Natural Flavour, 2021- 2031F |
6.2.3 India Flavouring Agents Market Revenues & Volume, By Artificial Flavour, 2021- 2031F |
7 India Flavouring Agents Market Import-Export Trade Statistics |
7.1 India Flavouring Agents Market Export to Major Countries |
7.2 India Flavouring Agents Market Imports from Major Countries |
8 India Flavouring Agents Market Key Performance Indicators |
8.1 Consumer preference for natural and organic flavoring agents. |
8.2 Adoption rate of new flavoring technologies in food processing. |
8.3 Number of new product launches using innovative flavoring agents in the market. |
8.4 Growth in the number of collaborations between flavoring agent manufacturers and food producers for product development. |
8.5 Increase in consumer spending on premium and gourmet food products using high-quality flavoring agents. |
9 India Flavouring Agents Market - Opportunity Assessment |
9.1 India Flavouring Agents Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Flavouring Agents Market Opportunity Assessment, By Type, 2021 & 2031F |
10 India Flavouring Agents Market - Competitive Landscape |
10.1 India Flavouring Agents Market Revenue Share, By Companies, 2024 |
10.2 India Flavouring Agents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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