Natural And Organic Flavors Market Current Trends and Future Growth Outlook 2024 - 2031 | Givaudan S.A., International Flavors & Fragrances Inc.

Market Overview:

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 growth of the natural and organic flavors market is driven by factors such as increasing health consciousness among consumers and growing preference for clean label and organic food products. According to a survey, around 65-70% of global consumers read product labels and are willing to pay premium price for natural and organic products. Moreover, natural flavors are also finding wide application in beverages industry. The rising sales of organic fruit juices, herbal teas and other drinks is estimated to further propel the market growth over the forecast period. Changing consumer lifestyles along with rising disposable income levels in developing countries is also expected to support the market expansion.

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Rising demand for products with natural and organic ingredients

The natural and organic flavors market has seen significant growth in recent years due to rising consumer demand for food and beverage products containing natural and organic ingredients. Customers are increasingly concerned about avoiding artificial colors, flavors, and preservatives in what they consume. As people focus more on health, wellness and clean labels, they prefer foods and drinks made from natural ingredients that are healthier and perceived to have fewer chemicals. Manufacturers have responded to this demand by expanding their product ranges made from natural flavors. Products touting "no artificial flavors/colors" are very appealing to today's customers. The clean label trend has opened up new opportunities for producers of natural and organic flavors.

Opportunity to tap into growing organic foods market

As consumer preferences continue shifting towards organic food, it opens an attractive opportunity for the organic flavors industry to expand alongside. The organic foods segment has been one of the fastest growing categories in the global food industry. According to statistics, the organic food market growth rate even amid the pandemic years has surpassed that of conventional foods globally. Developing diverse organic flavor solutions tailored for the kinds of products seeing rising demand in the organic space allows players to tap into this growing adjacent market avenue. With health-conscious customers strengthening their affinity for organic brands, capitalizing on the expansion of the overall organic sector ensures a wider customer captive for organic flavors producers.

Ascension of plant-based foods and the clean label movement

Major food trends like rising interest in vegan/vegetarian diets and the clean label movement have bolstered the plant-based foods sector. To satisfy growing flexitarian demand, several startups are innovating with plant-based meat and dairy alternatives. However, developing palatable and authentic-tasting plant-based options poses formulation challenges. This is where natural and organic flavors play a pivotal role by imparting characteristic savory and creamy notes to imitate conventional animal-derived foods. Their use allows manufacturers to attract mainstream consumers with clean label, plant-based products that satisfy both health and taste. As the market for plant-based meat and dairy-free choices expands, so does the scope for applying organic flavors technology to service this trend. This presents a tailwind for the organic flavors industry over the long run.

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Top Companies Included 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 are 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)

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The report offers insights on the following topics:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Competitor Landscape of the Natural And Organic Flavors Market by Players

Chapter 4: Market Size of the Natural And Organic Flavors Market by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, Recent Developments, and Investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

Ultimately, the Natural And Organic Flavors Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Natural And Organic Flavors industry.

Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.

Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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