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Natural Food Colors And Flavors Market 2024 - By Growth Rate, Sales, Production, Consumption Manufacturers, Shares And Outlook By 2033
Natural Food Colors And Flavors Market
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According to The Business Research Company's, The natural food colors and flavors market size has grown strongly in recent years. It will grow from $6.1 billion in 2023 to $6.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to consumer health awareness, regulatory changes, food and beverage industry growth, food allergies.
The natural food colors and flavors market size is expected to see strong growth in the next few years. It will grow to $9.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to plant-based products, clean meat and dairy alternatives, rising demand for organic foods, clean snacking, reduced sugar products. Major trends in the forecast period include technology innovation, clean-label certification, sustainability concerns, natural food color advancements, development of nutraceuticals.
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Market Drivers and Trends:
Rising concerns regarding the health hazards posed by the consumption of synthetic colors drove the market for natural food colors and flavors. 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. According to the study published by the Brazilian Journal of Biology, the researchers fed 2ml of chocolate flavoring, 5ml of strawberry flavoring per Kg for a group of mice, and on day 6 all the mice died due to toxic effects on gene and cells. Therefore, the rising health hazards from the consumption of synthetic colors have raised concerns in consumers and this, in turn, drove the market for natural food colors and flavors.
Natural food colors and flavors market manufacturers are increasingly manufacturing food colors and flavors according to the taste and preference of the local residents and this is an emerging trend in the food colors and flavors market. 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. For instance, Archer Daniels Midland (ADM), a US-based multinational food processing and commodities trading corporation, has a production facility in India that produces mint flavors according to the demand of Indian customers. This facility buys raw materials from local farmers and manufactures natural mint and other flavors. The localization also increases economic growth by boosting local manufacturers, creating jobs, and increasing spending.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Archer-Daniels-Midland Company, CHR. Hansen Holding A/S, Kerry Group plc, San-Ei Gen F.F.I. Inc., Symrise AG, International Flavors & Fragrances Inc., Sensient Technologies Corporation, Givaudan SA, FMC Corporation, GNT International B.V., Kalsec Inc., Royal DSM N.V., Döhler, Naturex Group, ROHA Dyechem Pvt. Ltd., DDW The Color House, Aromata Group, BASF SE, Takasago International Corporation, DuPont de Nemours Inc., Mane SA, T. Hasegawa Co. Ltd., Firmenich SA, Robertet SA, Synergy Flavors Inc., Amar Bio-Organics Pvt. Limited, Taiyo International Inc., Besmoke Ltd., Gulf Flavors and Food Ingredients fzco, Seluz Fragrances & Flavors Company, Amway Corporation, Bell Flavors & Fragrances Inc., Frutarom Industries Ltd., Akay Natural Ingredients Private Limited, Plant Lipids Pvt. Ltd., AVT Natural Products Ltd., Colorcon Inc., Kancor Ingredients Limited, Kolorjet Chemicals Pvt. Ltd., Synthite Industries Ltd., Flavex Naturextracte GmbH
Natural Food Colors And Flavors Market 2024 Key Insights:
• The natural food colors and flavors market size is expected to see strong growth in the next few years. It will grow to $9.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
• Growing Health Concerns Propel Surge In Natural Food Colors And Flavors Market
• Localized Manufacturing Of Natural Food Colors And Flavors To Meet Regional Preferences
• Europe was the largest region in the natural food colors and flavors market in 2023
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