PUBLISHER: Orion Market Research | PRODUCT CODE: 1159399
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159399
Global Natural Food Colors & Flavors Market Size, Share & Trends Analysis Report by Color Type (Carmine, Caramel, Carotenoids, Anthocyanin, Curcumin, Annatto, and Others), by Flavor Type (Natural Extracts and Essential Oils), by Source (Animal and Plant), and by Applications (Processed Foods and Beverages) Forecast Period (2022-2028)
The global natural food colors & flavors market is anticipated to grow at a substantial CAGR of 6.1% during the forecast period. The nature-based ingredients ensure food safety and reduce food waste with less spoilage and longer shelf life to preserve freshness and taste. The companies are launching nature-based natural food colors and flavors due to the growing preference of consumers for nature-based food colors is propelling the growth of the market during the forecast. For instance, in March 2020, Givaudan launched a line of natural red colors for plant-based proteins. The Swiss flavor company stated that the new Vegebrite Veggie Reds give raw plant-based patties a meat-like color that turns brown when cooked.
The global natural food colors & flavors market is segmented based on the color type, flavor type, source, and applications. Based on the color type, the market is segmented into carmine, caramel, carotenoids, anthocyanin, curcumin, annatto, and others. Based on the flavor type, the market is sub-segmented into natural extracts, chemicals, and essential oils. Based on the source, the market is bifurcated into animals and plants. Based on the applications, the market is divided into processed foods and beverages. The above-mentioned segments can be customized as per the requirements. The other sub-segment based on the color type is expected to be the fastest-growing segment during the forecast period.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to hold a prominent share in the market over the forecast. The rising government rules and regulations to restrict the usage of synthetic colors are expected to further drive the growth of the natural food colors market in the region.
The major companies serving the global Natural Food Colors & Flavors market include Aromata group Srl, Con Socio Unico, Besmoke Ltd., DuPont de Nemours, Inc., Firmenich SA, Foodie Flavors Ltd., Givaudan, Gulf Flavors & Fragrances., International Flavors & Fragrances, Inc., Kerry Group Plc, and MANE Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2020, Givaudan, the global leader in fragrances and flavors, announced it has completed the acquisition of Ungerer & Company, the US-based Flavor, Fragrance, and Specialty Ingredients Company. Givaudan had announced that it had reached an agreement to acquire the company in November 2019.
Research Methodology
The market study of the global natural food colors & flavors market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers:
Extensive profiles and recent developments of market players.
Essential Oils
GLOBAL NATURAL ESSENTIAL OILS FOOD COLORS & FLAVORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
GLOBAL NATURAL ESSENTIAL OILS FOOD COLORS & FLAVORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)