Natural & Artificial Flavors Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2027

 

Natural & Artificial Flavors Market To Reach USD 35.07 Billion By 2027

Increasing demand for liquid natural & artificial flavors, coupled with high investment in the R&D of natural & artificial flavors, are fueling the market growth.

Market Size – USD 20.94 Billion in 2018, Market Growth - CAGR of 5.8%, Market Trends – Increase in demand for natural & artificial flavors in the beverage & dairy products.

The Global Natural & Artificial Flavors Market is expected to be valued at USD 35.07 Billion by 2027 from USD 20.94 Billion in 2018, registering a CAGR of 5.8% through the forecast period.  The natural and artificial flavors are basically high-performance additives, extensively used in several edible & non-edible applications. These flavors are derived from different natural or artificial sources, including fruits, flowers, animals, herbs, plants, spices, as these natural sources, along with several artificial chemical formulas, are owned by various flavor companies. Different formulas created by a wide range of natural derivatives aid in enhancing the flavor and contributing to the food item’s nutritional value.

The artificial flavors only aid in the final food product’s flavoring. Flavorists or chemists from several flavors producing companies that are making these formulations emphasize different types of innovative flavors with different tastes or odors. The rapid expansion of the coloring agents and food scent and the increasing demand for unique tastes with the experiments in flavoring agents are propelling the industry’s growth.

To identify the key trends in the industry, click on the link below: 

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Further key findings from the report suggest

·       The sub-segment in dairy & beverages application is expanding at a fast pace over the estimated period, with 6.4% of CAGR, owing to the growing consumption of various milk-based products and artificial & natural flavors mixed distinct beverages, particularly in the developing nations.

·       Natural & artificial flavors are extensively utilized in the sector of pharmaceutical for adopting the color, taste, and fragrance of numerous natural ingredients. The orally consumed products as well as externally used medicated products, including chewable tablets, syrups, and gums, spray, and suspensions, require both natural & artificial flavors in the manufacturing.

·       The increasing resources and time in the research and development of the industry like food & beverage for finding the perfect flavors that are highly accepted globally, and the increasing companies’ revenues during the expansion of their customer base are augmenting the demand in the industry. It is crucial for adopting a proper method of research to understand people’s preferences.

·       The manufacturers from the food and beverages industry are broadening their business for enabling their product’s easy availability globally.

·       Europe is expanding at 5.2% of CAGR over the estimated timeframe and is predicted to hold a substantial share in the industry in the coming years. France and Switzerland are some of the important players in Europe.

·       North America is expected to experience steadfast growth in the overall industry, growing with 6.3% of CAGR during the forecast period.

·       Leading companies in the market include Givaudan, International Flavors & Fragrances, Frutarom Industries Ltd., Robertet Group, Firmenich SA, T. Hasegawa Co., Ltd., Takasago International Corporation, Symrise AG, MANE, and Robertet Group.

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For the purpose of this report, Reports and Data has segmented the Global Natural & Artificial 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

·       Medicated Products

·       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.

·       Europe

o   U.K.

o   France

·       Asia Pacific

o   China

o   India

o   Japan

·       Latin America

o   Brazil

·       Middle East & Africa

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