Natural Flavors Market Manufacturers, Application and Growth Rate Forecast to 2027

The Global Natural Flavors Market is expected to be valued at USD 20.04 Billion in 2027 from USD 11.47 Billion in 2018, registering a CAGR of 6.3% through the forecast period. Natural flavors are high-performance additives generally used for edible and non-edible applications. These flavors are derived from natural sources such as fruits, plants, flowers, herbs, animals, and spices, among others. The formulas created by the derivatives augment the flavor and boost the nutritional content and value of the food items. These unique formulations are generally undisclosed and are extensively used in the production of numerous products.

The market is projected to significantly expand owing to the escalating demand for natural flavors for edible and inedible purposes across the globe. Additionally, the surging consciousness regarding the detrimental effects of synthetic and chemical additives on human health and the escalating shift towards a nutrition-dense diet are also projected to bolster the market expansion over the estimated timeframe. The continuous development of the natural food fragrance and coloring agents and the increasing demand for various tastes of flavoring agents are expected to stimulate the market growth in the projected timeline.

Asia Pacific is estimated to lead the market growth in the estimated timeframe, with China accounting for a considerable share of the market. North America is projected to follow closely with the presence of key players in the United States. The regional expansion is predominantly driven by the increasing usage of natural flavors and fragrances in the food and beverages industry.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/natural-flavors-market

Key Highlights from the Report:
• The dairy and beverages sub-segment accounted for a significant market share and is projected to register a significantly high CAGR of 6.9% in the timeframe. The growth can be accredited to the increasing consumption of dairy-based products and beverages infused with natural flavors.
• Natural flavors are extensively used in pharmaceutical industries to utilize the fragrance, colors, and taste of numerous natural ingredients. The oral consumables and externally used medicated products, such as chewable tablets, syrups, and suspensions, among others, use natural flavors during processing. The medicine segment accounted for a substantial percentage of the market in 2018.
• Europe is projected to account for a significant share of the global market in the projected timeframe and is predicted to expand at a CAGR of 5.7% in the timeframe. This can be accredited to the presence of numerous key players in France and Switzerland.
• North America is foreseen to proliferate at a significantly high CAGR of 6.8% throughout the projected timeframe owing to the growing demand for flavored food items from the United States and Canada.
• Prominent companies operating in the market include Robertet Group, Frutarom Industries Ltd., MANE, Givaudan, Firmenich SA, Takasago International Corporation, T. Hasegawa Co., Ltd., Robertet Group, Symrise AG, and International Flavors & Fragrances, among others.
• In April 2019, New Age Beverages Corporation, a Colorado-based beverage company, unveiled its distribution agreement with Hudson News to expand the former’s brand portfolio on a national level.

For the purpose of this report, Reports and Data has segmented the Global Natural Flavors market on the basis of application, form factor, type, end-use, and region:

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
• Dairy & Beverages
• Medicine
• Confectionery & Snacks
• Scent & Perfumes
• Others

Form Factor Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
• Liquid
• Powder

Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
• Flavoring Tastes
• Flavoring Smell
• Flavoring Colors
• Mixed Flavoring Content

End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
• Edible
• Non-Edible

Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o South Korea
o India
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA