South Korea Flavor Compounds Market Size, Share, and COVID-19 Impact Analysis, By Flavor (Salty, Fruity, Savory, Spicy, and Sweet), By Application (Protein Bars & Snacks and Meat Alternatives), and South Korea Flavor Compounds Market, Industry Trend, Forecasts to 2035

South Korea Flavor Compounds Market Insights Forecasts to 2035

• The South Korea Flavor Compounds Market Size Was Estimated at USD 19.5 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.35% from 2025 to 2035
• The South Korea Flavor Compounds Market Size is Expected to Reach USD 34.6 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Flavor Compounds Market Size is anticipated to reach USD 34.6 Million by 2035, growing at a CAGR of 5.35% from 2025 to 2035. Due to a combination of elements that satisfy both industrial demands and a wide range of customer tastes, the market is expanding significantly.

Market Overview

Chemicals known as flavor compounds, which can be synthetic or natural, are added to food and drink to change or improve their flavor and scent.  By enhancing the overall flavor profile, affecting texture and appearance, and even influencing how consumers perceive and react to food, they play a critical role in the food industry. Natural or artificial flavorings are added to food and drink to enhance their overall flavor and scent, making them more appetizing and pleasurable.  Businesses can stand out in a crowded market by developing distinctive and enticing products through flavor innovation. The desire for functional beverages and healthier options is fueling the notable expansion in the beverage and protein bars & snacks markets.  The customer preference for clean-label products is driving the fastest increase in natural flavors. Globally, governments are putting policies in place to help the food and beverage sector, such as providing funds for programs related to food security and research and development.

Report Coverage

This research report categorizes the market for South Korea flavor compounds market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea flavor compounds market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea flavor compounds market.

Driving Factors

Consumers are increasingly seeking unique and authentic taste experiences, leading to a demand for innovative and diverse flavor profiles in food and beverages. This trend is further fueled by the globalization of food culture, with consumers embracing international cuisines and flavors. Additionally, the growing health and wellness movement has shifted preferences towards natural and clean-label ingredients, prompting manufacturers to develop flavors derived from real fruits, herbs, and spices.

Restraining Factors

High costs associated with natural and organic flavors, due to expensive raw materials and complex extraction processes, limit affordability and scalability, particularly in price-sensitive markets. Stringent and varying regulatory requirements across regions, such as those imposed by the FDA and EFSA, increase compliance costs and delay product approvals.

Market Segmentation

The South Korea flavor compounds market share is classified into flavor and application.

• The salty segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea flavor compounds market is segmented by flavor into salty, fruity, savory, spicy, and sweet. Among these, the salty segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. One of the five basic senses of taste, saltiness can improve the flavor profile of plant-based foods.  Plant-based foods become more savory and enticing when salt is added to enhance other flavors.  Plant-based foods may taste better when seasoned with salt, a natural flavor enhancer.  A lot of people are naturally drawn to salty and savory foods.

• The protein bars & snacks segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea flavor compounds market is segmented by application into protein bars & snacks and meat alternatives. Among these, the protein bars & snacks segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Banana, blueberry, and strawberry extracts are examples of plant-based flavor components from fruits and berries that can produce delicious and reviving taste profiles in bars and snacks.  In order to produce distinctive and exclusive taste sensations that satisfy certain consumer preferences, manufacturers might alter flavor profiles by utilizing clean-label additives.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea flavor compounds market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hanbit Flavor & Fragrance Co., Ltd.
• Samjeong Perfumery Co., Ltd.
• Lotte Foods
• CJ CheilJedang
• Daesang Corporation
• Ottogi Corporation
• Pulmuone Co., Ltd.
• SPC Group
• Kooksoondang
• Orion Corporation
• Symrise
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea flavor compounds market based on the below-mentioned segments:

South Korea Flavor Compounds Market, By Flavor

• Salty
• Fruity
• Savory
• Spicy
• Sweet

South Korea Flavor Compounds Market, By Application

• Protein Bars & Snacks
• Meat Alternatives