The global natural distillates market is expected to witness a CAGR of 5-6% between 2022 and 2032.
Distillates are flavoring compounds crafted through the distillation of source ingredients. Natural distillates, produced using the cold process method, include flavors such as coffee, cocoa, cherry, vanilla, peach, raspberries, coconut, strawberries, and more.
These natural distillates are actively employed in the creation of flavored beverages, including coffee-flavored products, chocolate drinks, fruit-flavored sodas, flavored dairy beverages, and others. The market has experienced a significant surge in consumer preference for packaged, flavorful, and convenient food items such as frozen desserts, pastries, cakes, and ice creams, driven by today’s hectic lifestyles.
However, challenges exist, including potential allergies associated with certain fruits like strawberries and cherries, as well as their fluctuating costs. These factors could pose constraints on the natural distillates market in the future. Additionally, the presence of low-cost artificial alternatives in the market may hamper the growth of natural distillates in the forecast period.
In its latest market study titled ‘Natural Distillates Market,’ Future Market Insights examines these realities alongside future prospects. The study employs a comprehensive approach, utilizing the insights of its team of analysts and consultants through primary, secondary, and tertiary modes of research.
“Call for natural flavors is expected to accelerate the natural distillates market going forward”, says an analyst from Future Market Insights.
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Key Takeaways from Natural Distillates Market
- North America holds the largest market share with the US emphasizing introduction of new products with increasing manufacturing capacity.
- Europe and the Asia-Pacific stand second and third respectively on the similar grounds and the scenario is expected to remain unchanged even going forward.
Competitively Natural Distillates
- The key participants in natural distillates market include Shank’s Extracts, Inc., Flavorjen Ltd., MUL group, Rudolf Wild GmbH & Co. KG, Kerr Concentrates Inc., Kanegrade Ltd., Treatt, and likewise.
- These participants are engaged in various modes of expansion like new product launches, mergers, acquisitions, partnerships, joint ventures, and likewise for making a mark for themselves in the natural distillates market.
- ASR Group, in 2021, did announce launching of products like Cane Molasses and Sugar Cane Distillates with 5 bitterness blockers. Multitude of these products is projected to take the natural distillates market in the forecast period.
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What does the Report state?
- The research study is based on nature (organic and conventional), variety (peach, cherry, cocoa, coffee, vanilla, coconut, raspberry, tonka, and plum), end-use (food & beverage processing, bakery & confectionery, sauces & gravies, juices & carbonated drinks, milkshakes, frozen desserts & ice-creams, foodservice/hotels/restaurants/café, personal care & cosmetic products), and sales channel (direct sales, indirect sales, hypermarkets/supermarkets, wholesalers, convenience stores, specialty stores, and online retailers).
- With advanced technologies increasingly being adopted by the key participants for introducing organic distillates of several flavors, the global natural distillates market is bound to grow on a stellar note in the forecast period.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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