Natural Food Colors & Flavors market to grow by 5.4% Y-O-Y in 2023; Business strategies adopted by the vendors will drive growth till 2028 - Exactitude Consultancy

Growth of Natural Food Colors & Flavors market is scheduled to accelerate at a high CAGR of 5.4 % to reach USD 7.6 billion by 2028.

Natural Food Colors & Flavors Market Overview
Qualitative analysis about Natural Food Colors & Flavors market status (2019-2028), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends , regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analysed scientifically, the feature of product circulation and sales Distribution will be presented as well.

Natural food colors or dyes are mainly obtained from plants, animals, fruits, insects, and minerals, which makes them safe to use as a food additive, as they are free of harmful side effects. Due to its non-toxic or less toxic nature and fewer side effects, the therapeutic use of natural colors is also increasing. Also, the governments of various countries are supporting the use of natural food colors as they are biodegradable and do not cause pollution after disposing. Moreover, several regulations are passed in many regions regarding the use of natural colors instead of synthetic food colors, which is further expected to drive the demand for natural food colors across the globe.

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The comprehensive Demand analysis of the Natural Food Colors & Flavors market will assist in managing better product differentiation, along with detailed understanding of the core capability of each activity involved. The Natural Food Colors & Flavors market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.

Following are the major Companies of Natural Food Colors & Flavors market - Dupont, Archer daniels midland (Adm), Givaudan, Kerry group, international flavors and fragrances (Iff), mane, sensient, T. Hasegawa, Firmenich and Robertet. and others.

Recent Developments

March 2020, IFF (Israel) entered into a collaboration with Evolva (Switzerland), a biotech company, to further develop and expand the commercialization of vanillin. Under the terms of this agreement, IFF would be responsible for the commercialization of the vanillin product that Evolva developed. This collaboration would extensively improve the reach of Evolva developed products and provide newly developed products in the product portfolio of IFF.
Mar 2020, Mane (France) MANE Kancor, a global pioneer in spice extracts, announced an investment of USD 21 million in the next couple of months for the expansion of existing manufacturing facilities in Kerala, Karnataka, and Uttar Pradesh, India.
Natural Food Colors & Flavors market Segmentation:
Based on the industrial chain, this report mainly indicates the definition, types, applications and major players of Natural Food Colors & Flavors market in details.

Natural Food Colors & Flavors Market by Color Type, 2019-2028, (In USD Million)

Caramel

Carotenoids

Anthocyanins

Curcumin

Annatto

Copper Chlorophyllin

Natural Food Colors & Flavors Market by Flavor Type, 2019-2028, (In USD Million)

Natural Extracts

Aroma Chemicals

Essential Oils

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Market Dynamics

Drivers: Growth in the demand for natural and clean label products

The demand for food with natural ingredients and clean labels is increasing in almost all regions, owing to the increasing health awareness, increasing spending power of consumers, and increasing food adulteration instances. Hence, manufacturers are focusing on expanding their natural food & beverage portfolio.

Clean-label products are organic, natural, non-GMO, and minimally processed consumer-friendly products. According to the Clean Label Alliance, it is observed that nearly 75% of the consumers are willing to pay high prices for clean-label products. Increasing health awareness among consumers drives the demand for natural and clean-label products, which, in turn, will drive the demand for natural food colors & flavors. Consumers are becoming inclined toward clean-label products, as they are becoming more aware of non-synthetic ingredients and their negative effects. This will drive them to adopt products and diets with clean-label ingredients.

Clean label is one of the most important features of packaged foods. Consumer awareness is strengthening the clean label trend, which, in turn, will prompt them to move away from synthetic ingredients and adopt plant-based and natural diets, further supporting the growth of the natural food colors & flavors ingredients market.

Natural Food Colors & Flavors market Regional Analysis:
Natural Food Colors & Flavors market research targets on volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market analysed on historical data and future growth Aspects. Geographically, Natural Food Colors & Flavors market report focuses on following key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.

Growth Market Overview:
Digital transformation of Natural Food Colors & Flavors industry verticals requires broadband services, thereby promoting growth. For instance, increasing online commerce for retail goods and services, digitalization of hospital records, e-government initiatives, and rapidly rising platforms for media and entertainment content are notably augmenting the market growth. Wireless technology holds immense potential in accelerating the global digital revolution across verticals through productivity enhancements and cost-effectiveness.

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Top Change Bringing Technologies

Industrial Internet of Things
Artificial Intelligence
Just in Time
Smart Packaging
Additive Manufacturing
Predictive Maintenance
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