Quick Overview of the Global Natural Flavoring Agent Market Analysis
The Global Natural Flavoring Agent Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of Global Natural Flavoring Agent Industry (2022-27): Reveals Further Growth &Market Expansion
According to the most recent study, the Global Natural Flavoring Agent Market is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022-27.
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Market Restraint: Limited Shelf Life of Natural Flavors
Natural ingredients are added to food products to enhance the taste, and these products are then stored at different places until delivered to the end consumer. These ingredients have limited & less shelf life compared to synthetic flavors, which impacts their application in food products. The shelf life of the food depends primarily on the type of process, formulation, packaging material, and storage conditions. During this processing period, several chemical changes take place. The prime concern is the natural flavor stability, i.e., maintaining the shelf life of food products and the flavor intensity throughout all processing stages.
The process of extracting natural elements is complex and requires high costs & advanced technologies. Moreover, the long-supply chain requires food products with higher shelf life. The movement of food products to several different locations reduces the shelf life of natural flavors. Hence, this aspect might impact the growth of the Global Natural Flavoring Agents Market in the years to come.
Natural Flavoring Agent Market Segmentation Analysis
-By Application
- Beverages
- Bakery
- Snacks, Soups & Sauces
- Confectionery
- Dairy and Frozen Products
- Pharmaceuticals & Dietary Supplements
- Animal and Pet foods
- Others
-By Form
- Liquid
- Powder
- Paste & Emulsion
-By Source
- Plants
- Animals
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Geographical Analysis:
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Of all regions globally, North America holds the major share in the Natural Flavoring Agents Market due to the consumers’ shift towards natural food ingredients, organic products, clean labeling, etc., during 2017-19, coupled with the extensive presence of natural flavoring agent manufacturers across the region.
Consumers in North America are rapidly shifting toward organic vegetables & fruits for improved health. These products are grown without the use of harmful chemical fertilizers & pesticides, and, as a result, they provide higher nutritional content than chemical-rich foods. Additionally, the long-term & severe effects of artificial ingredients & chemicals present in food products on health are also inclining consumers to opt for natural ingredients.
Key Players and Competitive Strategies in the Natural Flavoring Agent Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
- Dohler
- Samjung Flavor
- Royal DSM N.V.
- Keva Flavors
- Givaudan SA
- Firmenich SA
- International Flavors & Fragnances, Inc.
- Symrise AG
- Archer-Daniels-Midland Company
- Sensient Technologies Corporation
- Mane SA
- Robertet Group
- Kerry Group
- Hasegawa Co.Ltd
- Ingredion Incorporated
- Nikken Foods Company, Ltd.
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Recent Developments by Leading Companies
- In 2022, Royal DSM launched a new Food & Beverage business group that merges its three business areas (Food specialties, hydrocolloids, and part of its nutritional products group) to align with customer & market needs. The new group will unite the full range of natural food & beverage ingredients, expertise, and science-based solutions to improve the texture & taste and promote healthier lives.
- In 2021, IFF invested USD 87 Million in a new extended flavors manufacturing facility in Karawang, Indonesia. The facility supports full manufacturing capabilities such as liquid compounds to powder, emulsions, spray dry technology, etc.
Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2022-27?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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