Natural Flavors Market By Type (Natural Extracts, Aroma Chemicals, Essential Oils), By Application (Bakery & Confectionery, Beverages, Dairy Products, Savory Foods, Pharmaceuticals & Dietary Supplements, Oral Care Products) - Growth, Future Prospects And Competitive Analysis, 2016 - 2023

This report titled “Natural Flavors Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the trends in natural flavors market along with the market size and forecast for the duration 2013 to 2023. The said research study incorporates in-depth analysis of multiple market segments based on type, application and geographical distribution.

Changing consumer preferences, development of technically advanced flavors, supply chain improvements are some of the factors fuelling the natural flavors market growth globally. The global natural flavors market is increasingly witnessing competition with growing number of strategic alliances between market players to gain international footprint and enhance their product offerings. In addition, several players are also focused on improving their product portfolio in the market.

Based on types, the global natural flavors market is categorized into natural extracts, aroma chemicals, essential oils and other natural flavors. Based on applications, the global natural flavors market segmentation includes bakery and confectionery, beverages, dairy products, savory foods, pharmaceuticals & dietary supplements, oral care products and others. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2023 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2023 (Value %).

In terms of geographical distribution, the global natural flavors is studied for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global natural flavors market is performed as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Rest of Asia-Pacific
  • Middle East and Africa
  • Latin America 

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global natural flavors market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development of natural flavors.

On the basis of application, the natural flavors market is categorized into following:

  • Bakery & Confectionery
  • Beverages
  • Dairy Products
  • Savory Foods
  • Pharmaceuticals & Dietary Supplements
  • Oral Care Products
  • Others

Natural Flavors Market

Of different applications, beverages segment holds largest market share and is expected to maintain its dominance throughout the forecast period. This is attributed to inclination of consumers towards flavored beverages especially with natural ingredients. Consumers are buying products with ingredients preferably fruits and vegetables, owing to advantages of them being rich in antioxidants. Furthermore, beverages contribute a significant share in the overall food and beverages industry, thereby demand for natural flavors is anticipated to be significant in the segment.

Demand for natural flavors in dairy food products is further expected to remain significant throughout the forecast period, due to demand for nutritious and healthier food products. Dairy Products segment is expected to record highest growth, which is also attributed to increasing consumption of these products, leading towards development of ingredients and flavor suiting the end use consumer requirement, thereby fuelling natural flavors market growth across the globe. In addition, new product development with customized formulations stimulates the natural flavors market growth.  Oral Care Products segment is expected to record moderate growth in the next five to six years. This is attributed to increasing product launches with different flavors and consumer inclination towards advanced personal care products.

For the purpose of this study, the global natural flavors market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Natural Flavors Market

At present, North America and Europe are the largest regional markets for natural flavors. U.S. remains prime contributor to the growth of natural flavors in the North America, supported by extensive research and development by companies operating in the market. In Europe, the U.K. and Germany are identified as potential markets for natural flavors. This is attributed to increasing consumer inclination towards specific flavors in food and beverages along with stringent regulations by the European Union for use of artificial ingredients across varied applications such as food and beverage, personal care and pharmaceuticals, among others. Easy availability of raw materials and consumer demand for natural products in the region make Asia Pacific a significantly lucrative market for natural flavors. China and India are anticipated to be the most prominent country-level markets for natural flavors during the forecast period. In addition, demand for organic food products among consumers has led manufacturers to adopt advance technologies and thus, develop products suiting the need of end user companies. Natural flavors market growth in Middle East and Africa is anticipated to be steady during the forecast period.

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Published Date:  Dec 2016
Category:  Food & Beverage
Report ID:   58291
Report Format:   PDF
Pages:   120
Rating:    4.3 (70)
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