A 6.6% compound annual growth rate (CAGR) is projected for the global natural flavors market from 2022 to 2032, with 2022 revenues of US$ 6400 Million and 2032 revenues of US$ 12070.20 Million.
The major forces propelling the natural flavors market forward are:
| Report Attributes | Details |
|---|---|
| Natural Flavors Market Value (2022) | US$ 6400 Million |
| Natural Flavors Market Anticipated Value (2032) | US$ 12070.20 Million |
| Natural Flavors Projected Growth Rate (2032) | 6.6% |
More and more people are becoming aware of the benefits of staying hydrated, and as a result, they are shifting their attention to beverage products, which in turn encourages the adoption of natural flavors.
Demand for healthier and specialty beverages, such as fruit juices, sugar-free beverages, sports drinks, and functional drinks, has increased in tandem with the rise in the prevalence of health concerns such as obesity, diabetes, and high blood pressure. The already complex business is expected to become even more so because of the rising desire for novel flavors designed to improve the whole experience.
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Flavor and appearance are major factors in the success or failure of a new food product. With these sensory characteristics, brands may interact with customers on multiple levels, giving them something special and giving them an edge in the natural flavors market.
The need for 'bold and intriguing' flavors and natural food coloring is being driven by increasingly daring consumers who are exposed to foreign cuisines and want to share their eating experiences online. Brands may stand out in a competitive market by combining strong flavors with dramatic colors. Blue granules made from spirulina were just released by natural food coloring company GNT, and the company claims they provide much better color intensity.
Spirulina is a type of blue-green cyanobacteria (algae) that can be found in both marine and freshwater environments. GNT said that the new powders can be used by the food and beverage industry to create products with natural and traceable sources of high-intensity blues.
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Differentiating between source materials designated food and non-food has been a driving force in the creation of label-friendly colors and flavors under Europe's food labeling regulations.
Since natural dyes are still classified as additives, the market for coloring foodstuffs has exploded. Concentrates of fruits, vegetables, and other plants that have undergone minimal processing and no chemical alteration are considered ingredients due to their natural food coloring abilities rather than additives.
EU standards have 'started to shift' in the area of flavors, with certain formerly allowed statements of flavor now being deemed invalid.
Consumers' standards for sustainable sourcing methods are rising in tandem with their increased awareness of food's origins.
Sustainable sourcing is rapidly evolving from a differentiating feature to a standard expectation among consumers. The population of people who expect food companies to do the right thing is expanding. Therefore, many companies are making sustainable sourcing strategies mandatory by creating full-product-lifecycle circular economy models.
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Global demand for natural flavors in the food and beverage industry grew at a CAGR of 4.1% between 2017 and 21 due to factors such as increasing awareness of the need of eating healthy and avoiding synthetic or artificial ingredients.
Increased awareness of the dangers of consuming artificial or synthetic chemicals, on the other hand, could lead to a meteoric rise in the natural flavors industry over the forecasted period (2022 to 2032). Since the previous epidemic, consumers have shown a greater interest in health and are more likely to spend money on healthy goods.
One of the main factors propelling the expansion of the natural flavors market is the worldwide shift in customer taste for food and drink. Market expansion is spurred by factors such as the increased prevalence of chronic diseases, which is driving demand for natural food ingredients, and the rising awareness of the health advantages of several naturally occurring hues.
Natural flavors market expansion is also influenced by consumers' growing preference for natural and clean-label products, as well as RTD fruit drinks made from all-natural ingredients. The growth of the global confectionary and baking business, rising per capita income, rising health awareness, and rising demand for healthy food all bode well for the natural flavors market. Also, from 2022 to 2032, the market leaders are likely to have plenty of chances to profit from the rising demand for beverages and functional drinks, as well as the growing number of end-use applications.
However, the natural flavors market expansion is anticipated to be hampered by the high price of producing natural flavors and the growing preference for high-priced brands. Inconsistencies in rules governing different components are expected to be a problem for the natural flavors industry between 2022 and 2032.
North America is projected to maintain a 34.3% share of the global natural flavors market in 2022. The demand for natural tastes has increased in the United States of America as more manufacturers of organic and vegetarian products switch to using plant-based sources such as plant extracts or vegetable powders.
Mergers, acquisitions, collaborations, and alliances are all methods the leading companies in the natural flavor market use to expand their offerings and strengthen their positions in the market. Natural flavors market leaders are focusing on multiple tactics, such as the introduction of cutting-edge production techniques for novel products and the development of new channels for product distribution.
Key Players in the natural flavors market include:
| Report Attributes | Details |
|---|---|
| Growth Rate | 6.6% |
| Base Year for Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Form, End-Use, Region |
| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
North America is anticipated to lead the natural flavors market during the forecast period.
The natural flavors market is likely to hold a valuation of US$ 12070.20 Million by 2032.
The growth outlook of the natural flavors market is predicted to advance at a CAGR of 6.6% from 2022 to 2032.
1. Executive Summary | Natural Flavors Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2022 to 2032 5.3.1. Powder 5.3.2. Liquid 5.4. Y-o-Y Growth Trend Analysis By Form, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Form, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2022 to 2032 6.3.1. Food & Beverages 6.3.1.1. Processed Foods 6.3.1.2. Instant Food Products 6.3.1.3. Soups 6.3.1.4. Sauces and Dressings 6.3.1.5. Bakery & Confectionary 6.3.2. Foodservice 6.3.3. Beverages 6.3.4. Others 6.3.5. Pharmaceuticals 6.3.6. Cosmetic & Personal Care 6.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa(MEA) 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Form 8.2.3. By End Use 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Form 8.3.3. By End Use 8.4. Key Takeaways 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Form 9.2.3. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Form 9.3.3. By End Use 9.4. Key Takeaways 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Form 10.2.3. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Form 10.3.3. By End Use 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Form 11.2.3. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Form 11.3.3. By End Use 11.4. Key Takeaways 12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of Middle East and Africa(MEA) 12.2.2. By Form 12.2.3. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Form 12.3.3. By End Use 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. USA 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Form 13.1.2.2. By End Use 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Form 13.2.2.2. By End Use 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Form 13.3.2.2. By End Use 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Form 13.4.2.2. By End Use 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Form 13.5.2.2. By End Use 13.6. United Kingdom 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Form 13.6.2.2. By End Use 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Form 13.7.2.2. By End Use 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Form 13.8.2.2. By End Use 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Form 13.9.2.2. By End Use 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Form 13.10.2.2. By End Use 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Form 13.11.2.2. By End Use 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Form 13.12.2.2. By End Use 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Form 13.13.2.2. By End Use 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Form 13.14.2.2. By End Use 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Form 13.15.2.2. By End Use 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Form 13.16.2.2. By End Use 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Form 13.17.2.2. By End Use 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Form 13.18.2.2. By End Use 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Form 13.19.2.2. By End Use 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2021 13.20.2.1. By Form 13.20.2.2. By End Use 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Form 14.3.3. By End Use 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. International Flavors & Fragrances Inc. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Firmenich SA 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Givaudan 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Takasago International Corporation 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Sensient Technologies Corporation 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Mane SA. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Cargill 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Tate & Lyle PLC 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Associated British Foods plc 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Corbion N.V. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 15.1.11. Sensient Technologies 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segments 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.11.5.2. Product Strategy 15.1.11.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Natural Flavors Market
