As per the United States Food and Drug Administration's Code of Federal Regulations, natural flavors are produced from substances extracted from certain plant or animal sources such as spices, vegetables, fruits, dairy products, eggs, meat, poultry, and others. These flavors can be produced by roasting or heating the animal or plant material. Natural flavors are applied to enhance the flavor and nutritional value of food and beverages.
MARKET DYNAMICS
Rising health awareness and lifestyle diseases among the population are stimulating the growth of the natural flavors market. The harmful effects of artificial flavors on children are also fueling the demand for natural flavors. Moreover, increasing preference for organic food products and the consumers' rising purchasing power also propels the market growth. Emerging economies such as China, India, and Japan are witnessing significant growth in their economies, which increased the disposable income of the consumers in these countries. The introduction of unique, tastier flavors is considered to boost the demand for natural flavors in the coming years.
MARKET SCOPE
The "Global Natural Flavors Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the natural flavors market with detailed market segmentation by source and application and geography. The global natural flavors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading natural flavors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global natural flavors market is segmented on the basis of source and application. On the basis of source, natural flavors market is segmented into fruits and vegetables, dairy products, spices, seafood and poultry, and others. On the basis of application, market is segmented into bakery and confectionery, dairy and frozen products, beverages, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global natural flavors market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The natural flavors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the natural flavors market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the natural flavors market in these regions.
MARKET PLAYERS
The reports cover key developments in the natural flavors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from natural flavors market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the natural flavors market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the natural flavors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amar Bio-Organics India Private Limited
- Doehler
- Firmenich SA.
- Foodie Flavours Ltd
- Givaudan
- Kerry
- Mane
- Nikken Foods Co.,Ltd.
- Omega Ingredients Limited
- Sensient Technologies Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.