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Natural Food Colors And Flavors Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Natural Food Colors And Flavors
The Business Research Company's Natural Food Colors And Flavors Global Market Report 2023 identifies Rising concerns regarding the health hazards as the major driver for the Natural Food Colors And Flavors market's growth in the forecast period. Synthetic food colors and flavors are chemicals that originate from coal tar derivatives, petroleum, or crude oil and cause health hazards such as high blood pressure, DNA mutation, obesity, infertility and others. For instance, Auramine is a food color known to retard growth and damages kidneys, liver. Lead chromate is yellow food color that can be dangerous to health causing anemia, abdominal pain, hypertension, neurological problem.
The global natural food colors and flavors market size grew from $5.69 billion in 2022 to $6.07 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of natural food colors and flavors is expected to grow to $7.9 billion in 2027 at a CAGR of 6.8%.
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Major competitors in the Natural Food Colors And Flavors market are Archer Daniels Midland, CHR Hansen, Kerry Group, San-Ei Gen, Symrise, International Flavors & Fragrances.
A key trend in the Natural Food Colors And Flavors market includes Natural food colors and flavors market manufacturers. The act of localization creates demand for specific natural food coloring agents based on each region. Also, manufacturing food colors and flavors according to local demand reduces the shipping cost because the cost of fuel consumption is low compared to the fuel consumption due to shipping of products from long distances.
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The Natural Food Colors And Flavors market is segmented -
• By Color Type: Caramel, Carotenoids, Anthocyanins, Curcumin, Annatto, Copper Chlorophyllin, Capsanthin, Other Color Types
• By Flavor Type: Natural Extracts, Aroma Chemicals, Essential Oils, Other Flavor Types
• By Form: Liquid And Gel, Dry
• By Application: Beverages, Bakery, Confectionery, Dairy And Frozen, Meat Products, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Natural Food Colors And Flavors market.
The Business Research Company's "Global Natural Food Colors And Flavors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Natural Food Colors And Flavors Market Include:
1. Executive Summary
2. Natural Food Colors And Flavors Market Characteristics
3. Natural Food Colors And Flavors Market Trends And Strategies
4. Natural Food Colors And Flavors Market - Macro Economic Scenario
5. Natural Food Colors And Flavors Market Size And Growth
……
26. Africa Natural Food Colors And Flavors Market
27. Natural Food Colors And Flavors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Natural Food Colors And Flavors Market
29. Natural Food Colors And Flavors Market Future Outlook and Potential Analysis
30. Appendix
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