According to Stratistics MRC, the Global Pork Flavors Market is accounted for $725.95 million in 2024 and is expected to reach $1139.26 million by 2030 growing at a CAGR of 7.8% during the forecast period. \
Pork flavors are a popular component in the culinary world, known for their savoury, umami-rich profile that adds depth and complexity to various dishes. These flavors come from the inherent flavour of pork, which can be improved by cooking it in various ways like grilling, smoking, or roasting. Pork is a versatile ingredient in both traditional and modern cuisine because of its rich, slightly sweet, and salty undertones.
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The pork flavors market is anticipated to grow at the highest CAGR in the Asia-Pacific (APAC) region. Increased urbanization, rising disposable incomes, and a shift in dietary preferences toward processed and flavored food items in nations like China, India, and Japan are all factors contributing to this growth. The demand for seasonings and flavors made from pork is supported by the APAC region’s long history of using pork in culinary preparations. Moreover, the market for pork flavors in this area is expected to grow significantly as the food and beverage sector grows in these emerging economies due to shifting lifestyles and a rising demand for convenience foods.
Some of the key players in Pork Flavors market include Archer Daniels Midland, Cargill Incorporated, Kerry Group, Wyler’s, Dupont- Danisco, Maggie, BASF, Symrise AG, Williamson & Co Inc, Frutarom Industries Ltd, Robertet Group, Sensient Technologies Corporation, International Flavors & Fragrances Inc. (IFF), Takasago International Corporation and Firmenich SA.
Key Developments:
In November 2024, Kerry Group has entered into an agreement to sell Kerry Dairy Holdings Limited to Kerry Co-Operative Creameries Limited for an expected total consideration of €500 million. This transaction marks a pivotal step for Kerry Group as it transitions to a pure play in taste and nutrition solutions, shedding its dairy operations to sharpen its focus on core competencies.
In December 2023, ADM announced that it has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavor and functional ingredient systems. FDL, with projected 2023 sales of approximately $120 million, operates three production facilities and two customer innovation centers, all in the United Kingdom.
In June 2023, Cargill Metals has entered into a multiyear agreement with Sweden-based industrial startup H2 Green Steel for the supply of green steel. The companies say the agreement aims to accelerate global ferrous supply chain decarburization.
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