Global Natural Flavors Market Growth 2023-2029

Global Natural Flavors Market Growth 2023-2029

Product Code:450683

Published Date: Feb 08,2023

Pages: 124

Region: Global

Category: Food & Beverages

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Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. While natural flavors is a kind of flavors with raw material of flowers, plant or animals.

LPI (LP Information)' newest research report, the “Natural Flavors Industry Forecast” looks at past sales and reviews total world Natural Flavors sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Flavors sales for 2023 through 2029. With Natural Flavors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Flavors industry.

This Insight Report provides a comprehensive analysis of the global Natural Flavors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Flavors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Flavors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Flavors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Flavors.

The global Natural Flavors market size is projected to grow from US$ 14350 million in 2022 to US$ 18680 million in 2029; it is expected to grow at a CAGR of 18680 from 2023 to 2029.

The technical barriers of natural flavor are relatively not high, but the market monopoly is rather serious. The top four enterprises including Givaudan, Firmenich, IFF, and Symrise, occupied about 56% market share of total sales revenue. Other relatively large companied include Takasago, WILD Flavors, Mane, Frutarom, Sensient, Robertet SA, T. Hasegawa, Kerry and Boton. Asia-Pacific is the largest consumption place, with a consumption market share nearly 33%. Following Asia-Pacific, North America is the second largest consumption place with the consumption market share of 27%.

This report presents a comprehensive overview, market shares, and growth opportunities of Natural Flavors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Animal Flavors
    Plant Flavors

Segmentation by application
    Beverage
    Savoury
    Dairy
    Confectionary
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Givaudan
    Firmenich
    IFF
    Symrise
    Takasago
    WILD Flavors
    Mane
    International Flavors&Fragrances
    Sensient
    Robertet SA
    T. Hasegawa
    Kerry
    McCormick
    Synergy Flavor
    Prova
    Huabao
    Yingyang
    Shanghai Apple
    Wanxiang International
    Boton

Key Questions Addressed in this Report
What is the 10-year outlook for the global Natural Flavors market?
What factors are driving Natural Flavors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Natural Flavors market opportunities vary by end market size?
How does Natural Flavors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?