Natural Flavor Extract Market Key Highlights:
- Market Size (2024): USD 5,466 Million
- Projected Market Size (2034): USD 10,069 Million
- CAGR (2024-2034): 6.3%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Natural Flavor Extract Market Definition
The natural flavor extract market is developing faster presently as the end consumers prefer products without additives and preservatives with organic and natural components. These include fruit & vegetable extracts, vegetable & herb extracts, and spice extracts that are growing in use in food and beverages since they add flavor to foods without using artificial preservatives. This market expanding due to the trend of improved, healthier lifestyles and the enhanced customer consciousness of the potential risks of artificial flavorings. The new food attributes include the plan & clean-labeler trend where companies are coming up with products that have no animal products to feed the growing global customer base that cares about their health.
New natural flavor extracts witnessed an increase in demand in 2022 due to the clean label trend implying that consumer foods make use of minimal additives. This demand is likely to continue as consumers gain awareness of food ingredients and practices the food industry is using. This type of extraction field will also help in strengthening the current extraction technologies and coming up with entirely new flavors for the markets in the subsequent years.
The growing global demand for natural flavors Firme ich recently introduced a new range of sustainable flavoring agents that are largely plant-derived. This move is in line with consumer demands for cleaner and natural products that are in line with the ongoing trend of change to cleaner products in the flavor industry.
Natural Flavor Extract Market Segmentation:
By Source
- Flowers
- Herbs and Spices
- Vegetable/ Vegetable Juice
- Fruit/ Fruit Juice
- Edible Yeast
- Vanilla
By Form
By End-use
- Dairy Products
- Confectionery Products
- Baked Products
- Cereal-based Products
- Functional Food
- Pet Food
- Others (Sauce, Spread etc)
- Beverages
- Nutraceuticals
Natural Flavor Extract Market Companies:
- 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
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