Big Market Research, Global Flavors Market ( Food and Beverages ) Size, Share, Industry Trends, Analysis, Research, Report, Forecast, Demand, Growth, 2014-2020, Browse full report & TOC @ br Flavors are essential part of the food processing industry to maintain the taste of a product. Food flavors are made of three components—taste, smell and color. Food flavors are essential part of the food processing industry to maintain the taste of a product.