Press release
Natural And Organic Flavors Market Prospects for Long-Term Value & Growth 2024 - 2031 | Givaudan S.A., International Flavors & Fragrances Inc.
Natural And Organic Flavors Market
Global natural and organic flavor market was valued at US$ 7.36 Billion in 2022, and is expected to exhibit a CAGR of 9.39%over the forecast period (2023-2030) to reach US$ 15.09 Billion by 2030.
Market Dynamics:
The global natural and organic flavors market is expected to exhibit significant growth over the forecast period, owing to rising consumer preference for clean-label and sustainably produced food products. Consumers are increasingly demanding food products made from recognizable ingredients that are free from artificial preservatives, colors, and flavors. Moreover, the acceptance of natural and organic products is increasing among millennials, which is another major factor estimated to drive the market growth. According to a survey, about 71% of millennials pay attention to ingredients in packaged foods and believe that natural/organic products are healthier than conventionally processed food. Furthermore, increasing health awareness and changing lifestyle patterns are also estimated to support the market growth during the forecast period.
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Growing Health-Oriented Consumer Base Representing Strong Market Opportunity
The customer segment which is highly health and environment conscious has expanded significantly in recent decades. This demographic profile widely known as 'millennials' or 'generation Z' carefully considers ingredients, nutrient profiles as well as sustainability aspects before making food purchase decisions. Their growing spending power presents a major market opportunity for natural and organic flavors producers. As per estimates, health-oriented customers account for over 30% of the global population currently and this percentage is expected to increase further in the coming years. Catering flavor solutions to the requirements of this target segment can help companies gain an edge in the competitive market.
Rising Prominence of Clean Label Trend Driving Adoption Across Categories
Clean label has transformed into a mega trend in the global food industry in the past 5 years. Customers today closely scrutinize labels to ensure products contain ingredients they can easily understand and pronounce. Synthetic and artificially derived substances fail to meet these criteria. As a result, nearly all top food brands are engaged in clean label upgrades - from replacing artificial colors, flavors, preservatives to using of more natural substitutes. Even categories like baked goods, snacks and beverages which had been traditionally major users of artificial flavors are swiftly shifting base. The clean label movement is a powerful driver substantially increasing utilization of natural alternatives like spices, herb and fruit extracts based flavors in various product segments.
Supply Chain Challenges Constraining Consistent Supply of Natural Flavors
The natural and organic flavors industry faces issues regarding consistent supply of raw materials which affects production planning and pricing. Adverse weather conditions, diseases, changes in soil quality can impact crop yields of plants sources for extracts. Major natural flavor producers depend on agricultural imports from different countries which are prone to disruptions due to factors beyond control like border closures amid pandemic outbreaks. Sourcing natural ingredients involves complex supply chains spread across geographical regions. Maintaining steady reserves of diverse plant and fruit materials required in formulations poses logistical difficulties. Variations in quality and availability of agricultural commodities introduces inconsistent supply element, adding to challenges for producers in the natural flavors market.
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Top Companies Featured in This Report:
★ Givaudan S.A.
★ International Flavors & Fragrances Inc.
★ Firmenich SA
★ Symrise AG
★ Takasago International Corporation
★ Sensient Technologies Corporation
★ Kerry Group Plc.
★ Frutarom Industries Ltd.
★ Archer Daniels Midland Company
★ Döhler GmbH
★ Huabao International Holdings Limited
★ T. Hasegawa Co.
★ Ltd
★ Koninklijke DSM NV
★ Axxence Aromatic GmbH
★ Gold Coast Ingredients Inc.
★ Zymus International Ltd
★ Treatt Plc
★ Blue Specific Flavors Inc.
★ Unique Flavors and Fragrances Ltd.
Market Segmentation:
By Product Type:
★ By Flavor Type: Natural, Organic
★ By Source: Fruit & Fruit Juice (Berries, Citrus, Drupes, Pepos, Pomes, Others), Vegetable & Vegetable juice, Plant & Botanical (Spices, Herbs, Others), Meat & Seafood (Meat & Poultry, Seafood), Dairy (Dairy products, Edible East)
★ By Product Type: From the Named Fruit (FTNF), With Other Natural Flavors (WONF), Oleoresin, Meat & Dairy Flavor, Essential Oil
By Applications:
★ By Application: Food (Dairy Products, Bakeries, Confectionaries, Savories), Beverage (Alcoholic, Non-alcoholic), Nutraceuticals
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Trends in Navigation Keyword Market:
Market Growth: Expect significant expansion in the navigation keyword market, with a projected Compound Annual Growth Rate (CAGR) of 14.65% from 2024 to 2031.
Increasing Demand: Notice a surge in demand for navigation keywords due to the widespread adoption of GPS-enabled devices and the need for precise mapping data.
Technological Innovations: Witness innovative breakthroughs enhancing the accuracy and reliability of navigation keywords, such as real-time traffic updates, 3D mapping, and augmented reality.
Tailored Solutions: Explore industry-specific navigation keyword solutions designed to meet the unique needs of automotive, aviation, and maritime sectors.
Integration with Advanced Technologies: Embrace the integration of navigation keywords with cutting-edge technologies like artificial intelligence and the Internet of Things, unlocking advanced functionalities.
Mobile Applications: Embrace the convenience and accessibility of navigation keywords through mobile applications, catering to the evolving needs of consumers.
Environmental Sustainability: Embrace environmentally conscious navigation keyword solutions that address issues like traffic congestion and air quality, promoting sustainable transportation options.
Report Highlights:
📈 Examination of navigation keyword market share at both country and regional levels
📈 Thorough analysis of the competitive landscape and emerging trends
📈 Detailed review of product advancements, technological developments, drivers, and limitations
📈 Strategic recommendations tailored for key business segments based on market insights
📈 Valuable guidance for newcomers venturing into the navigation keyword market
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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