As per the Food and Drug Administration (FDA), natural food flavours must be obtained from ingredients such as meat, spices or fruit through processes such as fermentation or distillation. Additionally, the Food Allergen Labeling and Consumer Protection Act (FALCPA) requires food manufacturers to list if one or more of the eight major food allergens are in a natural flavour. This includes milk, egg, peanuts, tree nuts, wheat, soy, fish and crustacean shellfish.
The article cited AMA's "Global Natural Flavors Market Study" explored substantial growth of 20.3%. According to the report, Rising Demand for Natural Flavor Product
is one of the primary growth factors for the market. Consumer Inclination toward Clean Label and Organic Product Drives the Natural Flavors Industry is also expected to contribute significantly to the Natural Flavors market. Overall, Beverages
applications of Natural Flavors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Hypermarket/supermarket, is boosting the Natural Flavors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Natural Flavors market identified that the demand is rising in many different parts of the world as "Increasing Popularity of Novel Flavors
". Furthermore, some recent industry insights like "In September 2022, Solvay, a global leader in natural ingredients, expands the range of one of its flagship products, Rhovanil® Natural CW, with three new natural flavor ingredients: Rhovanil® Natural Delica, Alta and Sublima. With these new products, the Group will enable the Food and Beverage industries to cost effectively switch to natural and address growing consumer expectations for healthier, safer, tastier, and more natural products." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Natural Flavors market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Natural Flavors market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Natural Flavors market size is calculated using market estimation process, the Natural Flavors market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Natural Flavors market size has been validated using both top-down and bottom-up approaches.