The global natural flavor extract market size is estimated to be worth USD 5,461.5 million by 2024, and is projected to reach a value of USD 9,944.5 million by 2034, growing at a compound annual growth rate of 6.2% over the assessment period of 2024 to 2034.
The increased application of natural flavors in the food and beverage products such as processed foods, bakery and confectionary and instant foods etc. has led a surge in the target market across the globe. Along with the food and beverage industry, use of natural flavors in the development of pharmaceuticals and cosmetic products has been increased in recent time.
Manufacturers focusing on the development of new flavor formulation from variety of raw materials. Key market leaders are involving in the merger, acquisition, collaboration and partnership among other players to dominate their market share by sharing the technology and other resources such as production facilities and human resource. Also they are well equipped with the facility to manufacture tailor-made natural flavors as per the consumer demand and trend.
Brands leverage their extensive distribution channels by collaborating with distributors and wholesalers globally. For instance, International flavors and fragrances (IFF), utilizes its extensive global distribution network to ensure that its products are available in multiple markets, ranging from food service to industrial applications.
Key Takeaways from the Global Natural Flavor Extract Market Study:
- Increased demand of natural, organic food product ingredients by the consumers in their food products
- Sales of natural flavor will increase due to its widespread application in the food and beverage application
- Development of extraction and manufacturing process and machineries by the key market leaders
- Companies are investing in product innovation with novel ingredients to enhance flavor notes of the extracted flavor.
“Manufacturing companies with the advanced processing facilities and innovative process to extract the natural flavours from number of raw material with the keeping the cost effectiveness of product will be the winner of the market. Added advantage will be enjoyed by companies which prioritize targeted marketing and product positioning.”– says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Competition Outlook
The key players in the natural flavors industry are continuously innovating to introduce new flavors with more diverse and delightful flavor formulations from the number of raw materials in the field of business. Key manufacturing companies are involved in strategies such as merger acquisitions, partnerships, and collaborations among others in the industry to expand production capacity and cater to a wider audience. They are also educating the consumers and advertising their products through social media and websites to engage the consumers into using their products.
Brands must strategize ways to retain their sales revenue share by prioritizing sustainability, ethical sourcing, and reducing their carbon footprint.
For instance
- BASF Recently launched Isobionics® Natural alpha-Bisabolene 98 and Isobionics® Natural (-)-alpha-Bisabolol 99 under its brand name of Isobanics brand portfolio to cater to the increasing demand for the natural flavors from consumers across the globe
- Solvay expands the range of one of its flagship products, Rhovanil Natural CW, with three new natural flavor ingredients: Rhovanil Natural Delica, Alta, and Sublima for natural vanillin
Leading Natural Flavour Brands
- International flavors & Fragrances Inc.
- Firmenich SA
- Givaudan
- Takasago International Corporation
- Sensient Technologies Corporation
- Mane SA.
- Cargill
- Tate & Lyle PLC
- Associated British Foods plc
- Corbion N.V.
- Keva Flavours
- Others
Access the Full Report on Natural Flavor Extract Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/natural-flavor-extract-market
Get valuable insights into Global Natural Flavor Extract Market:
By Source:
As per Source, the industry has been categorized into Flowers, Herbs and Spices, Vegetable/ Vegetable Juice, Fruit/ Fruit Juice, Edible Yeast, Vanilla.
By End Use:
Different End Use include Dairy Products, Confectionery Products, Baked Products, Cereal-based Products, Functional Food, Pet Food, Others (Sauce, Spread etc), Beverages and Nutraceuticals
By Form:
Different Form include Powder, Paste, Liquid
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
