Natural Flavors Market Size, Share & Trends Analysis Report By Form (Powder, Liquid/Gel), By Application (Food, Beverages), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2024 - 2030

PUBLISHED: April 11, 2024

PAGES: 100 Pages

DELIVERY TIME: 2-10 business days

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The global natural flavors market size is expected to reach USD 10.54 billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expanding rapidly due to a convergence of consumer preferences, regulatory pressures, and market trends. With an increasing focus on health consciousness, consumers are gravitating towards products that boast clean labels and minimal processing.

Natural flavors derived from real food sources like fruits, vegetables, herbs, and spices resonate with this trend, offering a perceived healthier alternative to artificial additives. Consumers are increasingly gravitating towards health and wellness, seeking out products that are perceived as healthier, such as those containing natural flavors. This trend is part of a broader "clean label" movement, where shoppers prefer foods with simpler, more recognizable ingredients, and natural flavors fit this bill perfectly.

Regulatory agencies worldwide are also tightening restrictions on artificial ingredients, prompting manufacturers to shift towards natural flavors to ensure compliance and address consumer concerns. Moreover, the demand for authenticity and transparency in food production has propelled the popularity of natural flavors as consumers seek products with traceable ingredients and genuine flavor profiles.

Manufacturers are responding to these market dynamics by incorporating natural flavors into their food and beverage offerings, capitalizing on the opportunity to differentiate their products, appeal to health-conscious consumers, and navigate evolving regulatory landscapes.

For instance, in June 2023, Sensegen, a biotechnology company specializing in taste, smell, and beauty solutions, unveiled its much-awaited exotic flavors collection. This innovative range offers a selection of captivating flavors tailored for food and beverages. Within the collection, consumers can indulge in six distinct and authentic true-to-fruit flavors, including lychee, guava, papaya, yuzu, dragon fruit, and violet.

Natural Flavors Market Report Highlights:

Based on application, the food segment accounted for a revenue share of 65.0% in 2023. There is a growing consumer preference for clean-label products made with natural ingredients. Natural flavors align with this trend, as they are perceived as being healthier and more wholesome compared to artificial flavors. Consumers are increasingly seeking out food products that contain recognizable and minimally processed ingredients, driving the demand for natural flavors.
The powder form segment is expected to grow at the fastest CAGR from 2024 to 2030. Powdered natural flavors can be easily incorporated into a wide range of food and beverage products, including dry mixes, seasonings, snack foods, beverages, and supplements. Their powdered form allows for uniform dispersion and consistent flavor delivery throughout the product, enhancing overall taste and aroma.
Asia Pacific is expected to grow at the fastest CAGR from 2024 to 2030. Many countries in the region have a rich culinary heritage with a long tradition of using natural ingredients and flavors in cooking. As a result, there is a cultural preference for products made with natural flavors derived from familiar and traditional sources such as fruits, spices, and herbs.

Product Code: GVR-4-68040-256-6

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook

Chapter 3. Natural Flavors Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
- 3.2.1. Raw Application Outlook
- 3.2.2. Manufacturing & Technology Outlook
- 3.2.3. Profit Margin Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
3.4. Industry Analysis - Porter's Five Forces Analysis
3.5. Market Entry Strategies

Chapter 4. Natural Flavors Market: Form Estimates & Trend Analysis

4.1. Form Movement Analysis & Market Share, 2023 & 2030
4.2. Powder
- 4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3. Liquid/Gel
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 5. Natural Flavors Market: Application Estimates & Trend Analysis

5.1. Application Movement Analysis & Market Share, 2023 & 2030
5.2. Food
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.2.1.1. Dairy products
  - 5.2.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.2.1.2. Bakery & confectionery
  - 5.2.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.2.1.3. Supplements & nutritional products
  - 5.2.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.2.1.4. Meat & seafood products
  - 5.2.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.2.1.5. Snacks
  - 5.2.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.2.1.6. Pet foods
  - 5.2.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.2.1.7. Sauces, dressings and condiments
  - 5.2.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.2.1.8. Others
  - 5.2.1.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3. Beverages
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.3.1.1. Juices & juice concentrates
  - 5.3.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.3.1.2. Functional beverages
  - 5.3.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.3.1.3. Alcoholic beverages
  - 5.3.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.3.1.4. Carbonated soft drinks
  - 5.3.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 5.3.1.5. Others
  - 5.3.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.4. Others
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 6. Natural Flavors Market: Regional Estimates & Trend Analysis

6.1. Regional Movement Analysis & Market Share, 2023 & 2030
6.2. North America
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
  - 6.2.2.1. Key country dynamics
  - 6.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.3. Canada
  - 6.2.3.1. Key country dynamics
  - 6.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
  - 6.2.4.1. Key country dynamics
  - 6.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
6.3. Europe
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Germany
  - 6.3.2.1. Key country dynamics
  - 6.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3. UK
  - 6.3.3.1. Key country dynamics
  - 6.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4. Spain
  - 6.3.4.1. Key country dynamics
  - 6.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.5. Italy
  - 6.3.5.1. Key country dynamics
  - 6.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.6. France
  - 6.3.6.1. Key country dynamics
  - 6.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.2. China
  - 6.4.2.1. Key country dynamics
  - 6.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.3. India
  - 6.4.3.1. Key country dynamics
  - 6.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.4. Japan
  - 6.4.4.1. Key country dynamics
  - 6.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.5. South Korea.
  - 6.4.5.1. Key country dynamics
  - 6.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.6. Australia & New Zealand
  - 6.4.6.1. Key country dynamics
  - 6.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
6.5. Central & South America
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
  - 6.5.2.1. Key country dynamics
  - 6.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
6.6. Middle East & Africa
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.2. South Africa
  - 6.6.2.1. Key country dynamics
  - 6.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.3. UAE
  - 6.6.3.1. Key country dynamics
  - 6.6.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 7. Competitive Analysis

7.1. Recent developments & impact analysis, by key market participants
7.2. Company Categorization
7.3. Participant's Overview
7.4. Financial Performance
7.5. Form Benchmarking
7.6. Company Market Share Analysis, 2023 (%)
7.7. Company Heat Map Analysis
7.8. Strategy Mapping
7.9. Company Profiles
- 7.9.1. Givaudan
  - 7.9.1.1. Company Overview
  - 7.9.1.2. Financial Performance
  - 7.9.1.3. Form Portfolios
  - 7.9.1.4. Strategic Initiatives
- 7.9.2. Symrise
  - 7.9.2.1. Company Overview
  - 7.9.2.2. Financial Performance
  - 7.9.2.3. Form Portfolios
  - 7.9.2.4. Strategic Initiatives
- 7.9.3. Firmenich SA
  - 7.9.3.1. Company Overview
  - 7.9.3.2. Financial Performance
  - 7.9.3.3. Form Portfolios
  - 7.9.3.4. Strategic Initiatives
- 7.9.4. Sensient Technologies Corporation
  - 7.9.4.1. Company Overview
  - 7.9.4.2. Financial Performance
  - 7.9.4.3. Form Portfolios
  - 7.9.4.4. Strategic Initiatives
- 7.9.5. Takasago International Corporation
  - 7.9.5.1. Company Overview
  - 7.9.5.2. Financial Performance
  - 7.9.5.3. Form Portfolios
  - 7.9.5.4. Strategic Initiatives
- 7.9.6. International Flavors & Fragrances Inc. IFF
  - 7.9.6.1. Company Overview
  - 7.9.6.2. Financial Performance
  - 7.9.6.3. Form Portfolios
  - 7.9.6.4. Strategic Initiatives
- 7.9.7. Kerry Group plc
  - 7.9.7.1. Company Overview
  - 7.9.7.2. Financial Performance
  - 7.9.7.3. Form Portfolios
  - 7.9.7.4. Strategic Initiatives
- 7.9.8. Flavours & Fragrances Co. Ltd.
  - 7.9.8.1. Company Overview
  - 7.9.8.2. Financial Performance
  - 7.9.8.3. Form Portfolios
  - 7.9.8.4. Strategic Initiatives
- 7.9.9. MANE
  - 7.9.9.1. Company Overview
  - 7.9.9.2. Financial Performance
  - 7.9.9.3. Form Portfolios
  - 7.9.9.4. Strategic Initiatives
- 7.9.10. Robertet Group
  - 7.9.10.1. Company Overview
  - 7.9.10.2. Financial Performance
  - 7.9.10.3. Form Portfolios
  - 7.9.10.4. Strategic Initiatives

Product Code: GVR-4-68040-256-6

List of Tables

1. Natural flavors market - Key market driver analysis
2. Natural flavors market - Key market restraint analysis
3. Powder natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
4. Liquid/Gel natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
5. Natural flavors market estimates and forecast, by food, 2018 - 2030 (USD Million)
6. Natural flavors market estimates and forecast, by beverages, 2018 - 2030 (USD Million)
7. Natural flavors market estimates and forecast, by others, 2018 - 2030 (USD Million)
8. North America natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
9. North America natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
10. North America natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
11. U.S. macro-economic outlay
12. U.S. natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
13. U.S. natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
14. U.S. natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
15. Canada macro-economic outlay
16. Canada natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
17. Canada natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
18. Canada natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
19. Mexico macro-economic outlay
20. Mexico natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
21. Mexico natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
22. Mexico natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
23. Europe natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
24. Europe natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
25. Europe natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
26. Germany macro-economic outlay
27. Germany natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
28. Germany natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
29. Germany natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
30. UK macro-economic outlay
31. UK natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
32. UK natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
33. UK natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
34. Spain macro-economic outlay
35. Spain natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
36. Spain natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
37. Spain natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
38. Italy macro-economic outlay
39. Italy natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
40. Italy natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
41. Italy natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
42. France macro-economic outlay
43. France natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
44. France natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
45. France natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
46. Asia Pacific natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
47. Asia Pacific natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
48. Asia Pacific natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
49. China macro-economic outlay
50. China natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
51. China natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
52. China natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
53. India macro-economic outlay
54. India natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
55. India natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
56. India natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
57. Japan macro-economic outlay
58. Japan natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
59. Japan natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
60. Japan natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
61. South Korea macro-economic outlay
62. South Korea natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
63. South Korea natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
64. South Korea natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
65. Australia & New Zealand macro-economic outlay
66. Australia & New Zealand natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
67. Australia & New Zealand natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
68. Australia & New Zealand natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
69. Central & South America natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
70. Central & South America natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
71. Central & South America natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
72. Brazil macro-economic outlay
73. Brazil natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
74. Brazil natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
75. Brazil natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
76. Middle East & Africa natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
77. Middle East & Africa natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
78. Middle East & Africa natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
79. South Africa macro-economic outlay
80. South Africa natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
81. South Africa natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
82. South Africa natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
83. UAE macro-economic outlay
84. UAE natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
85. UAE natural flavors market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
86. UAE natural flavors market revenue estimates and forecast by application, 2018 - 2030 (USD Million)

List of Figures

1. Natural flavors market snapshot
2. Natural flavors market segmentation & scope
3. Natural flavors market penetration & growth prospect mapping
4. Natural flavors market value chain analysis
5. Natural flavors market dynamics
6. Natural flavors market Porter's Five Forces analysis
7. Natural flavors market: Form movement analysis, 2023 & 2030 (%)
8. Powder natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
9. Liquid/gel natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
10. Natural flavors market: Application movement analysis, 2023 & 2030 (%)
11. Natural flavors market estimates and forecast, by food, 2018 - 2030 (USD Million)
12. Natural flavors market estimates and forecast, by beverages, 2018-2030 (USD Million)
13. Natural flavors market estimates and forecast, by others, 2018 - 2030 (USD Million)
14. Natural flavors market: Regional movement analysis, 2023 & 2030 (%)
15. North America natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
16. U.S. natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
17. Canada natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
18. Mexico natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
19. Europe natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
20. Germany natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
21. UK natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
22. Spain natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
23. Italy natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
24. France natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
25. Asia Pacific natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
26. China natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
27. India natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
28. Japan natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
29. South Korea natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
30. Australia & New Zealand natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
31. Central & South America natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
32. Brazil natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
33. market revenue estimates and forecast by form, 2018 - 2030 (USD Million)
34. Middle East & Africa natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
35. South Africa natural flavors market estimates and forecast, 2018 - 2030 (USD Million)
36. UAE natural flavors market estimates and forecast, 2018 - 2030 (USD Million)