About Natural Food Flavors
Over the past few decades, due to increasing advancements in food ingredients and food preservatives. The demand for natural food flavors has increased across the globe since these flavors have comparatively more advantages than artificial flavors. These natural flavors are directly made from animal and plant-based raw materials that can directly be used naturally or can also be processed through microbiological physical and enzymatic methods. However, the comparatively expensive nature of natural flavors might stagnate the demand for the same.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 6.6% |
The players are focusing on new lines of natural food flavors Also, the players are focusing on the activities like mergers, acquisitions, and partnerships to sustain the market and enhance their market presence.The Vendors having a strong hold in the market are 3M Company, Henkel AG, Kerry Group, Givaudan, and Firmenich. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Natural Food Flavors market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Henkel AG & Company, KGaA (Germany), Kerry Group (Ireland), Givaudan (Switzerland), Firmenich SA (Switzerland), Sensient Technologies Corporation (United States), Symrise AG (Germany), Frutarom Industries Ltd. (Israel), Hasegawa Co. (Japan) and International Flavors & Fragrance Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Rudolf Wild & Co. (Germany), Huabao International Holdings Ltd. (Hong Kong) and Takasago International Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Natural Food Flavors market by Type (Chocolate & Browns, Vanilla, Fruits and & Nuts, Dairy, Spices), Application (Food & Beverages, Personal Care, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Natural Food Flavors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Form, the sub-segment i.e. Water Based will boost the Natural Food Flavors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Distinct Natural Flavours and Continues Technological Advancements in Manufacturing Natural Flavours
Market Growth Drivers:
Growing Demand for Natural Food Flavors Across the Global Population and Continuously Changing Consumer Preferences might Drive the Global Natural Flavors Market
Challenges:
Lack of Durability of Food Flavours without Preservatives
Restraints:
Availability of Cheaper Artificial Flavours might Stagnate the Demand and Increasing Distribution Overheads across the Global Population
Opportunities:
Growing Disposable Incomes across the Global Population and Increasing Awareness about Healthy and Natural Food Products
Market Leaders and their expansionary development strategies
In December 2021, Neogen acquires 3M’s food safety business. The acquisition will be in the form of a Reverse Morris Trust where 3M’s food safety business will be spun-off to 3M shareholders and then merged with a subsidiary of Neogen.
In May 2022, Symrise expands its wellness expertise with the introduction of a new line of aronia health activities. The collection includes aronia extract and aronia juice powder, rich in both polyphenols and anthocyanins. This product line adds to the Diana Foods portfolio of healthy active ingredients that are part of the Nutrition, Taste, and Health components. Aronia, also known as black chokeberry, is high in polyphenols, particularly anthocyanins, which are powerful antioxidants.
Key Target Audience
Natural Food Flavors Manufacturers, Natural Food Flavors Distributors and Traders, Food Flavour International Traders, Research and Development Institutes, Government Agencies, Food and Beverage Industry Associations, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.