Natural Flavours Market

2019 Analysis and Review of Global Natural Flavours Market (By Product Type Natural Extract, Aroma Chemical, Essential Oils, and Other Natural Flavour) 2020 - 2030

  • Ongoing
  • August 2020
  • REP-GB-598
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Global Natural Flavours Market
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This Global Natural Flavours market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Global Natural Flavours market.

The global market for natural flavours is expected to register a CAGR of 4% during the forecast years of 2020-2030 as the awareness of health benefits increases. The rise of expenditure on confectionery items is also expected to boost the demand for natural flavours. The unprecedented pace of food and beverages industry is also expected to have a positive impact on the uptake of natural flavours in creating a wider array of products.

Food and Beverages Industry to Maintain Steady Demand for Natural Flavours

The food and beverages industry is constantly experimenting with flavours 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. 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. Increasing focus on clean eating habits, which are characterised by the negation of chemicals in food and beverages, has also created a lucrative market. Increasing number of bakeries and coffee shops will also

On the contrary, rising cost of raw materials and issues of sustainability and stability of natural flavours over synthetic flavours are major restraining factors. However, increasing research and development and better labelling will win this market myriad opportunities in the near future.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Beverages to Lead Global Market as Demand Remains Consistent

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 held 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. Rising disposable incomes with improving GDPs in these regions is expected to bode well for the market. Expanding hospitality industry is also projected to make a contribution to the regional revenues.

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.

Key Highlights

Report Metric

Details

Base year Considered

2019

Actual estimates / Historical data

2014 - 2018

Forecast period

2020 - 2030

Forecast units

Value (USD) Bn

Segments covered

  • Product type
  • Application
  • Region

Market Outlook

  • Natural flavours to rise at a CAGR of 4% as confectionary industry grows
  • Beverages industry to be key consumer of natural flavours
  • Asia Pacific to remain in leading position as disposable incomes in emerging economies soar

Regions covered

North America, the Middle East and Africa, Europe, and Central and South America, Asia Pacific

Key Players

Givaudan, Firmenich, Takasago International Corporation, Symrise AG, Sensient Technologies Corporation, Kerry Group PLC, Frutarom Industries Ltd.

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in 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 products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
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  • The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
  • An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
  • Extensive database and key dynamics elevating the market with varied verticals associated
  • Underlying Global Natural Flavours Market forces that are compelling consumers or businesses to purchase the product
  • How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the Global Natural Flavours Market
  • What will be environment and regulatory impacts on the market over the next decade
  • Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
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