The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Natural Flavoring Agent Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Natural Flavoring Agent Industry Analytical Overview (2022-2027): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Natural Flavoring Agents 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, geography, 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 to 2027.
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What is Included in Natural Flavoring Agent Market Segmentation?
The report has segmented the market into the following categories:
By Application
- Beverages
- Alcoholic Beverages
- Beer
- Wine
- Cider
- Spirits & Liqueurs
- Others
- Non-Alcoholic Beverages
- Water
- Energy Drinks
- Carbonated Soft Drinks
- Sport Drinks
- Cereal and Malt Beverages
- Others
- Bakery
- Pastries
- Cakes
- Biscuits
- Others
- Snacks, Soups & Sauces
- Confectionery
- Sweets
- Chocolates
- Chewing Gums
- Others
- Dairy and Frozen Products
- Yogurt
- Ice Cream
- Diary Drinks
- Others
- Pharmaceuticals & Dietary Supplements
- Animal and Pet foods
- Others
- Alcoholic Beverages
Of them all, Beverages held a sizeable share in the Global Natural Flavoring Agents Market due to mounting health consciousness among consumers along with their growing demand for nutritious drinks. The high usage of artificial flavor in carbonated & energy drinks has been one of the prime causes of multiple lifestyle-based diseases among consumers worldwide, which, in turn, has shifted beverage manufacturers toward using natural agents in their product offerings.
By Form
- Liquid
- Powder
- Paste & Emulsion
By Source
- Plants
- Fruits
- Vegetables
- Herbs & Spices
- Nuts
- Animals
- Dairy
- Meat
- Beef
- Chicken
- Fish
- Egg
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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Key Factor Driver Natural Flavoring Agent Industry Growth by 2027
Food consumption levels worldwide have grown considerably due to rapid urbanization and a surge in disposable income. Mounting awareness regarding healthy lifestyles is compelling consumers to include natural ingredients in their food, which, in turn, is positively impacting the demand for natural flavoring agents.
With the growing world population, the pressure on flavor manufacturers in an already competitive space is increasing, i.e., leading them to offer innovative natural flavors. Additionally, the food & beverage industry is linked increasingly with the health & wellness space and consumer expectation for delicious products that support health alongside environmental & social aspirations. This has forced manufacturers to develop new products for consumers. For instance:
- In 2021, Firmenich launched Dynarome® SR, an Innovative Natural Ingredient, to provide meat-like juiciness in Plant-based alternatives. The solution offered by the company assists in recreating the juicy taste in vegan products.
- In 2019, Givaudan launched an innovative flavoring approach to change the taste experience of meat substitutes created from textured vegetable protein. The type of protein is used widely in plant-based meat alternatives.
Who are the Key Players Operating in the Natural Flavoring Agent Industry?
The top companies of the Natural Flavoring Agent market ruling the industry are:
- 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
- T.Hasegawa Co.Ltd
- Ingredion Incorporated
- Nikken Foods Company, Ltd.
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FAQs (Frequently Ask Questions)
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