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Clean labels represent a consumer-driven movement that emphasizes a return to real food and transparency through authenticity. Clean-label products consist of natural, familiar, and simple ingredients. The rising demand for organic, natural, and "free from" artificial ingredients is anticipated to drive global demand for natural flavor products.
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Natural Flavors Market Size, Share, Trends & Growth Analysis 2031
Global Natural Flavors Market– 2024-2031 The Natural Flavors Market was valued at $6.94 billion in 2023. This market is expected to reach $12.05 billion by 2031 from an estimated $7.41 billion in 2024, at a CAGR of 7.2% during the forecast period 2024-2031. The natural flavors market is experiencing robust growth, primarily driven by the rising demand for clean-label and natural ingredients, heightened consumer health awareness, and the expansion of the food and beverage sector. However, the market faces growth challenges due to the relatively high costs associated with natural flavors. Emerging markets in regions like Asia, Latin America, and the Middle East & Africa offer substantial opportunities for market players, particularly with the integration of natural flavors into functional foods. However, the industry also encounters significant challenges, including stringent regulatory requirements and quality standards. Additionally, a shift towards natural ingredients and the adoption of advanced extraction technologies are key trends currently shaping the natural flavors landscape. Download Sample Copy: https://www.meticulousresearch.com/download-sample- report/cp_id=6030 Key Players The natural flavors market is moderately competitive, featuring both large-scale and smaller global, regional, and local companies. Major players in this market include International Flavors & Fragrances Inc. (U.S.), DSM-Firmenich AG (Switzerland), Givaudan SA (Switzerland), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Corbion N.V. (Netherlands), Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Kerry Group plc (Ireland), Takasago International Corporation (Japan), Robertet Group (France), Huabao International Holdings Limited (Hong Kong), MANE Group (France), Döhler GmbH (Germany), and Axxence Aromatic GmbH (Germany). Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com
Global Natural Flavors Market– 2024-2031 The natural flavors market is segmented by type, source, technology, form, and application, with the report providing detailed evaluations of industry players and market analysis at both regional and country levels. In terms of type, the essential oils segment is expected to dominate, accounting for 69.8% of the market share in 2024. This dominance is attributed to the wide application of essential oils in food and beverage, healthcare, and personal care sectors due to their aromatic properties and beneficial effects, such as antioxidant, anti-inflammatory, and wellness- enhancing qualities. For sources, the fruits & nuts segment is projected to lead the natural flavors market in 2024. The segment’s significant market share is due to a surge in demand for plant-based and functional foods, which frequently incorporate natural flavors derived from fruits and nuts. While fruits provide refreshing, appealing flavors, nuts add depth and richness, making them popular in wholesome and indulgent formulations. Regarding technology, the extraction segment is forecast to hold a major market share in 2024, attributed to benefits like improved extraction efficiency, reduced processing time, lower operating costs, and faster energy transfer during extraction processes. In terms of form, liquid natural flavors are expected to dominate, with an extensive market share in 2024. Their advantages, such as enhanced product stability, desirable viscosity, and improved mouthfeel and appearance, contribute to their popularity across various applications. Applications-wise, the food sector is anticipated to hold the largest share of the natural flavors market in 2024, driven by rising demand for processed foods, growing preference for natural over synthetic flavors, continuous product innovations, and the increasing appeal of organic and plant-based foods. Geographic Insights Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com
Global Natural Flavors Market– 2024-2031 The report covers key regions and provides in-depth analysis for North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, and Rest of Europe), Asia- Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa). Buy Now: https://www.meticulousresearch.com/Checkout/84659274 Regional Analysis Asia-Pacific is expected to lead the natural flavors market with a 34.9% share in 2024, followed by North America, Europe, Latin America, and the Middle East & Africa. The Asia- Pacific market is projected to reach USD 2,590.2 million in 2024, spurred by increasing consumer preferences for natural ingredients, high demand for plant-based and herbal beverages, health concerns over synthetic flavors, and a growing interest in clean-label products. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com
