The Global Natural Flavors Market is forecast to reach USD 20.04 Billion by 2027, according to a new report by Reports and Data. The natural flavors are the high-performance additives used in edible and non-edible end-use applications, derived from natural sources such as flowers, fruits, animals, plants, herbs, spices, and others. Formulas created by those derivatives enhance the flavor and contribute to the nutritional value to the food items as well. The unique formulations are kept top secret by the manufacturing companies and are typically used in the process of numerous product line-ups. The global natural flavors market is projected to drive significantly as the demand for natural flavors in various edible non-edible applications are being propelled substantially. The continuous expansion of the natural food scent coloring agents and high demand for new kinds of tastes with enormous innovation in the flavorings agents processing aids are expected to drive the growth for the food flavor market.
Asia Pacific region is forecasted to grow the fastest with a CAGR of 6.1% in the period 2019 – 2027. North America is expected to hold a significant position in the market due to a vast usage of the natural flavors in the beverage other food applications. The United States has the highest number of market players, while China has the highest market share worldwide.
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Dairy beverages application sub-segment is expected to be the fastest-growing segment during the forecast period 2019-2026 with a CAGR of 6.9% due to an increase in the consumption of dairy-based products and natural flavors mixed beverages especially in the emerging nations. This sub-segment also had the highest market share in 2018.
Natural flavors are utilized in the pharmaceutical industries to include fragrance, color, and tastes of various natural ingredients. Both the orally consumed products and external use medicated products such as syrups, chewable tablets, and suspensions, gums, and spray, among others, require natural flavors in the processing. The medicine sub-segment had a significant market share in 2018.
Europe is growing at a CAGR of 5.7% in the forecast period and is expected to retain a significant position in the market by 2027. Switzerland and France have some of the valuable players in this region.
North America is forecasted to witness a significant growth in the overall market growing with a CAGR of 6.8% during the forecast period.
Key participants include International Flavors Fragrances, Givaudan, Frutarom Industries Ltd., Firmenich SA, Robertet Group, T. Hasegawa Co., Ltd., Takasago International Corporation, Symrise AG, Robertet Group, and MANE, among others.
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For the purpose of this report, Reports and Data have segmented the global Natural Flavors market on the basis of the applications, form factor, type, End-Use, and region:
Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Dairy BeveragesMedicineConfectionery SnacksScent PerfumesOthersForm Factor Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
LiquidPowderType Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Flavoring TastesFlavoring SmellFlavoring ColorsMixed Flavoring ContentEnd-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
EdibleNon-EdibleRegional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
North AmericaUSEuropeUKFranceAsia PacificChinaIndiaJapanMEALatin AmericaBrazilGet Discount on the Report: https://www.reportsanddata.com/discount-enquiry-form/2607
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