Market Definition
Natural flavoring agents are natural oils & chemicals that add flavors to food products without distorting their chemical composition. They are derived from plant leaves, barks, dairy items, fruits & vegetables, etc. Consumers have become more conscious of their diet and health, which has subsequently increased the demand for natural ingredients in food & beverages. Additionally, the growing consumption of beverages has also attracted several manufacturers to develop a wide range of natural flavors & maintain their leading position in the market.
Market Insights
The Global Natural Flavoring Agents Market is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2022-27. The growth of the global market is likely to be driven primarily by the increasing prevalence of diseases and the mounting demand for organic products. Although natural flavors don’t offer health benefits, consumers tend to buy the foods labeled as “natural.” The rise in the number of diseases such as cardiovascular, respiratory, etc., is triggering consumers to purchase health-beneficial products with natural ingredients.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 6.9% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, The UK, France, Italy | |
| Asia-Pacific: China, India, Japan, South Korea, Australia and Others | |
| South America: Brazil | |
| Middle East & Africa: UAE, South Africa | |
| Key Companies Profiled | Dohler, Samjung Flavor, Royal DSM N.V., Keva Flavors, Givaudan SA, Firmenich SA, International Flavors & Fragnances, Inc., Symrise AG, Archer-Daniels-Midland Company, Sensient Technologies Corporation, Mane SA, Robertet Group, Kerry Group, T.Hasegawa Co.Ltd, Ingredion Incorporated, and Nikken Foods Company, Ltd. |
| Unit Denominations | USD Million/Billion |
According to the World Health Organization (WHO), an estimated 17.9 million people died from Cardiovascular Diseases in 2019, representing 32% of all deaths worldwide. As a result, the global increase in the prevalence of diseases is shifting consumers toward natural foods & healthy diets. Additionally, the demand for natural flavors is expanding in various applications, such as bakery, dairy, confectionery, etc.
Several companies have come up with innovative solutions for ingredient creation as Natural Flavoring Agents are used extensively in beverages, processed foods, confectionery, bakery, & pharmaceutical formulations. For instance:
