Natural Flavours Market

Natural Flavours Market: Global Industry Analysis and Opportunity Assessment 2015-2025

The market for natural flavours has grown tremendously over the past couple of years due to increase awareness of health coupled with emerging middle class across the globe. Flavours are used in food and beverages in order to enhance the taste and quality of the products. Thousands of natural volatile compounds make up the flavours and aromas of the food products that we eat in our day to day life. The definition of “natural flavour” under the Code of Federal Regulations is: “the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating or enzymolysis, which contains the flavouring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, edible yeast, herb, bark, bud, root, leaf or similar plant material, meat, seafood, poultry, eggs, dairy products, or fermentation products thereof, whose significant function in food is flavouring rather than nutritional”. The market is buoyant for the coming years especially in Europe for the natural and clean label flavours.

Natural Flavours Market: Drivers and Restraints

Growing consumer interest in natural ingredients coupled with the strong command of retailers in the supply chain has made natural flavours easily and widely available in the market for consumers and are the major driving forces of the market globally. However, rising cost of raw materials and the issues of sustainability and stability of natural flavours over synthetic flavours are major restraining factor of the natural flavour market. Trends of the natural flavour market includes demands for clean-label products categories such as confectionery and soft drinks and growth in R&D for stability of natural flavour.

Natural Flavours Market: Segmentation

Natural flavour market is segmented on the basis of product type, application and region. On the basis of product type the market can be segmented into natural extract, aroma chemical, essential oils and other natural flavour. Furthermore, on the basis of application natural flavour market can be segmented into beverages, dairy product, confectionary, oral products, tobacco and others. Beverages was the largest segment in natural flavour market followed by dairy products in 2014. Lastly, on the basis of region the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and Middle East and Africa.

Natural Flavours Market: Region-Wise Outlook

In 2014, North America holds the largest market of natural flavours followed by Europe. However, Asia Pacific and Latin America are key emerging region in natural flavours market and are expected to marginally take a lead in the global natural flavours market by 2025 over developed regions.

Natural Flavours Market: Key Players

Some of the global key players in the natural flavour market are Givaudan, Firmenich, Takasago International Corporation, Symrise AG, Sensient Technologies Corporation, Kerry Group PLC, Frutarom Industries Ltd. to name a few. Givaudan, a Switzerland based company holds the maxium market share in the global natural flavour market. Big multinational companies in the natural flavour market focus on the acquisition activity in order to expand within the growth areas of natural flavour market. Major Companies such as Givaudan currently marking its footprint by increasing number of production sites, creative centres, an increased marketing and sales force and also opening new offices in Africa and Asia to cater the local demand

The report covers exhaustive analysis on:

  • Natural FlavoursMarket Segments

  • Natural FlavoursMarket Dynamics

  • Historical Actual Market Size, 2012 - 2014

  • Natural FlavoursMarket Size & Forecast 2015 to 2025

  • Supply & Demand Value Chain

  • Global Market Current Trends/Issues/Challenges

  • Competition & Companies involved

  • Technology

  • Value Chain

  • Global Market Drivers and Restraints

Regional analysis for Body-Worn Temperature Sensors Market includes

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia-Pacific

  • Japan

  • Middle East And Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market

  • Changing market dynamics of the industry

  • In-depth market segmentation

  • Historical, current and projected market size in terms of volume and value

  • Recent industry trends and developments

  • Competitive landscape

  • Strategies of key players and product offerings

  • Potential and niche segments/regions exhibiting promising growth

  • A neutral perspective towards market performance

  • Must-have information for market players to sustain and enhance their market footprint

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