Natural Flavours Market Size, Analysis, and Forecast Report: 2015-2025
The market for natural flavours has grown tremendously over the past couple of years due to increase awareness of health coupled with emerging middle class across the globe. Flavours are used in food and beverages in order to enhance the taste and quality of the products. Thousands of natural volatile compounds make up the flavours and aromas of the food products that we eat in our day to day life. The definition of “natural flavour” under the Code of Federal Regulations is: “the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating or enzymolysis, which contains the flavouring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, edible yeast, herb, bark, bud, root, leaf or similar plant material, meat, seafood, poultry, eggs, dairy products, or fermentation products thereof, whose significant function in food is flavouring rather than nutritional”. The market is buoyant for the coming years especially in Europe for the natural and clean label flavours.
The market for natural flavours has grown tremendously over the past couple of years due to increase awareness of health coupled with emerging middle class across the globe. Flavours are used in food and beverages in order to enhance the taste and quality of the products. Thousands of natural volatile compounds make up the flavours and aromas of the food products that we eat in our day to day life. The definition of “natural flavour” under the Code of Federal Regulations is: “the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating or enzymolysis, which contains the flavouring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, edible yeast, herb, bark, bud, root, leaf or similar plant material, meat, seafood, poultry, eggs, dairy products, or fermentation products thereof, whose significant function in food is flavouring rather than nutritional”. The market is buoyant for the coming years especially in Europe for the natural and clean label flavours.
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Global <strong>Natural</strong><br />
<strong>Flavours</strong> <strong>Market</strong><br />
Future <strong>Market</strong> Insights<br />
Share, Global Trends,<br />
<strong>Analysis</strong>, Research, <strong>Report</strong>,<br />
Opportunities,<br />
Segmentation <strong>and</strong><br />
<strong>Forecast</strong>,<br />
<strong>2015</strong><br />
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<strong>Report</strong> Description<br />
The market for natural flavours has grown tremendously over the past couple of years<br />
due to increase awareness of health coupled with emerging middle class across the globe.<br />
<strong>Flavours</strong> are used in food <strong>and</strong> beverages in order to enhance the taste <strong>and</strong> quality of the<br />
products. Thous<strong>and</strong>s of natural volatile compounds make up the flavours <strong>and</strong> aromas of<br />
the food products that we eat in our day to day life. The definition of “natural flavour”<br />
under the Code of Federal Regulations is: “the essential oil, oleoresin, essence or<br />
extractive, protein hydrolysate, distillate, or any product of roasting, heating or<br />
enzymolysis, which contains the flavouring constituents derived from a spice, fruit or fruit<br />
juice, vegetable or vegetable juice, edible yeast, herb, bark, bud, root, leaf or similar plant<br />
material, meat, seafood, poultry, eggs, dairy products, or fermentation products thereof,<br />
whose significant function in food is flavouring rather than nutritional”. The market is<br />
buoyant for the coming years especially in Europe for the natural <strong>and</strong> clean label flavours.<br />
<strong>Natural</strong> <strong>Flavours</strong> <strong>Market</strong>: Drivers <strong>and</strong> Restraints<br />
Growing consumer interest in natural ingredients coupled with the strong comm<strong>and</strong> of<br />
retailers in the supply chain has made natural flavours easily <strong>and</strong> widely available in the<br />
market for consumers <strong>and</strong> are the major driving forces of the market globally. However,<br />
rising cost of raw materials <strong>and</strong> the issues of sustainability <strong>and</strong> stability of natural flavours<br />
over synthetic flavours are major restraining factor of the natural flavour market. Trends<br />
of the natural flavour market includes dem<strong>and</strong>s for clean-label products categories such<br />
as confectionery <strong>and</strong> soft drinks <strong>and</strong> growth in R&D for stability of natural flavour.<br />
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<strong>Report</strong> Description<br />
<strong>Natural</strong> <strong>Flavours</strong> <strong>Market</strong>: Segmentation<br />
<strong>Natural</strong> flavour market is segmented on the basis of product type, application <strong>and</strong> region.<br />
On the basis of product type the market can be segmented into natural extract, aroma<br />
chemical, essential oils <strong>and</strong> other natural flavour. Furthermore, on the basis of<br />
application natural flavour market can be segmented into beverages, dairy product,<br />
confectionary, oral products, tobacco <strong>and</strong> others. Beverages was the largest segment in<br />
natural flavour market followed by dairy products in 2014. Lastly, on the basis of region<br />
the market is segmented into North America, Latin America, Western Europe, Eastern<br />
Europe, Asia-Pacific, Japan <strong>and</strong> Middle East <strong>and</strong> Africa.<br />
<strong>Natural</strong> <strong>Flavours</strong> <strong>Market</strong>: Region-Wise Outlook<br />
In 2014, North America holds the largest market of natural flavours followed by Europe.<br />
However, Asia Pacific <strong>and</strong> Latin America are key emerging region in natural flavours<br />
market <strong>and</strong> are expected to marginally take a lead in the global natural flavours market<br />
by <strong>2025</strong> over developed regions.<br />
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<strong>Natural</strong> <strong>Flavours</strong> <strong>Market</strong>: Key Players<br />
Some of the global key players in the natural flavour market are Givaudan, Firmenich,<br />
Takasago International Corporation, Symrise AG, Sensient Technologies Corporation,<br />
Kerry Group PLC, Frutarom Industries Ltd. to name a few. Givaudan, a Switzerl<strong>and</strong> based<br />
company holds the maxium market share in the global natural flavour market. Big
<strong>Report</strong> Description<br />
multinational companies in the natural flavour market focus on the acquisition activity in<br />
order to exp<strong>and</strong> within the growth areas of natural flavour market. Major Companies<br />
such as Givaudan currently marking its footprint by increasing number of production<br />
sites, creative centres, an increased marketing <strong>and</strong> sales force <strong>and</strong> also opening new<br />
offices in Africa <strong>and</strong> Asia to cater the local dem<strong>and</strong>.<br />
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