What is Natural Flavors Market Scope?
Natural Flavours means essential oil, essence or extractive, oleoresin, protein hydrolysate, distillate or any product of roasting, heating or enzymolysis which contains the flavouring. It is used in food and beverages in order to enhance the food quality of the products. It constitutes derived from spice, fruit or fruit juice, vegetable or juice, edible yeast, herb, bark, bud, root, leaf or similar plant material, meat, seafood, poultry, eggs, dairy products or fermentation products. Natural Flavors is expected to witness remarkable growth in the forecasted period owing to the rise in demand for convenience food and development, changing lifestyles of consumer and the introduction of new flavours with more sensational tastes.
The Natural Flavors market study is being classified by Type (Natural Extract, Aroma Chemical, Essential Oils and Other Natural Flavors), by Application (Beverages, Confectionary, Dairy & Frozen, Oral products, Tobacco, Bakery, Meat Products and Others (Soups, Salad, Condiments, Dressings And Sauces)) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Natural Flavors market throughout the predicted period.
Givaudan (Switzerland), Firmenich (Switzerland), IFF (United States), Symrise (Germany), Takasago (Japan), WILD Flavors (Germany), Sensient Technologies (United States), Robertet SA (France), T. Hasegawa (United States), McCormick & Company (United States) and Synergy Flavors, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Huabao International Holding (China), Wanxiang International (China) and Frutarom (Isreal).
Analyst at AMA have segmented the market study of Global Natural Flavors market by Type, Application and Region.
On the basis of geography, the market of Natural Flavors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In December 2018, Firmenich is set to acquire Natural Flavors, Inc., a privately-held manufacturer of high-quality organic certified natural flavours.
As per the Food and Drug Administration (FDA), natural food flavours must be obtained from ingredients such as meat, spices or fruit through processes such as fermentation or distillation. Additionally, the Food Allergen Labeling and Consumer Protection Act (FALCPA) requires food manufacturers to list if one or more of the eight major food allergens are in a natural flavour. This includes milk, egg, peanuts, tree nuts, wheat, soy, fish and crustacean shellfish.
Influencing Market Trend
- Rising Demand for Natural Flavor Product
- Adopting New Technologies to Produce Better Varieties Of Natural Flavors For More Stability And Suitability
- Consumer Inclination toward Clean Label and Organic Product Drives the Natural Flavors Industry
- Increasing Popularity of Novel Flavors
- Use in Functional Foods
- Limited Availability of Natural Flavors
- Side Effects in Some Cases
- Compliance with Quality and Regulatory Standards
Key Target AudienceResearch Organizations, Natural Flavor Manufacturers, Suppliers, Distributors And Retailers and Flavor Extraction Equipment Manufacturers, Traders, Distributors And Dealers
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