Growing purchasing power of the people all over the world and demand for clean label products are driving the growth of Natural Flavors Market according to this research report.
According to MarketIntelReports' “2017-2022 Natural Flavors Industry Report on Global and United States Market, Status and Forecast, by Players, Types and Applications”:
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Increasing awareness about health and along with the growing middle class population across the world favors the demand for the Natural Flavors Market. There are many natural volatile compounds which make up the flavors of the food products which we consume daily.
Growing demand for healthy food and the disadvantages associated with synthetic ingredients propel the demand for natural food flavoring. Changing food preferences due to the lifestyle of people and the increase in purchasing among consumers are advantages for the industry growth.
The market is expected to dominate the share of artificial food flavors in the future.
Scope & Regional Forecast of the Natural Flavors Market
The growing consumer interest for the natural food flavor extracts and the strong presence of the retailers in the supply chain spur the demand for the Natural Flavors Market. But the rising cost of the raw materials will restrict the market.
The issue of sustainability of the natural flavors also inhibits the market growth.
North America has a major share in the flavour ingredients followed by Europe and Asia Pacific. Asia pacific is expected to show the highest growth due to health consciousness among people which leads to the consumption of natural based products.
Latin America will have a significant growth in the forecast period.
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Beverages segment dominates the market followed by dairy products. The demand for clean label products is the latest trend in the natural flavoring substances.
The clean label products include confectioneries and soft drinks. Growing R&D activities also favor the market.
The US Food and Drug Administration regulates the use of natural spirit flavors. The natural flavors impart flavor to a food or beverage so that it can be consumed by people.
Food products like blueberry yogurt, peppermint chewing gum, and butterflavor microwave popcorn get their flavor from natural flavors.
Natural fruit flavor extracts are manufactured in controlled environment. The main difference between natural and artificial flavors is that the latter do not come from natural sources like plants.
Segmentations & Key Players Involved in the Natural Flavors Market
The Natural Flavors Market can be broken down into various segments as follows:
- Product Types- Animal flavors and plant flavors.
- Application- Food and Beverage and Nutritional Products.
- Region- United States, North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Some of the key players involved in the Natural Flavors Market are as follows:
- Symrise AG
- International Flavors and Fragrances
- Kerry Group
- Archer Daniels Midland Company
- FMC Corporation
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