Natural Flavor Ingredients: Market Outlook
Flavor is an important characteristic of the food. Essentially flavor is the combination of the taste, aroma, and feel of the food. Generally, every recipe includes some extra flavor called enhancing ingredients such as salt, paper, herbs, and spices. Cooking food is time-consuming hence most of the consumers opt to have processed food as there meal that taste almost as good as homemade food. However, so as to be advantageous, processed food need to keep fresh quite a while and for that preservation methods are used due to which flavor of the food reduces. Thus, the food manufacturer adds natural flavors to enhance or maintain the flavor in the food.
Natural flavor ingredients are generally sourced from Plant source. The plant sources for natural flavor ingredients include herbal and spice mix, fruit extracts, essential oils, vegetable, vegetable juice, root, leaf or similar plant material. Flavor ingredient are also sourced from seafood, poultry, eggs, fermentation product, and dairy products. The food industry has been associated with a continuous program of flavor development. This made possible by noteworthy advances in Chromatography and development in the understanding of flavor chemistry involved.
Rising health consciousness within the consumers is enough in radical advancement to increase the nutritional value of the food ingredient. The technological advancement over the year results into innovation in flavor technology, owing to full filling demand of natural flavor from end users.
Natural Flavors Ingredients and its Properties:
Natural flavor Ingredients are not chemically produced instead they are extracted from the various plant-based sources. These natural flavor ingredients are used to enhance the taste of processed food. The food industry has been made so much technological advancement due to the high demand of the nutritional value of natural products. To fulfill these demand manufacturers started using these natural flavor ingredients to their products which provides both, the nutritional value, natural and enhanced taste to the product. The use of these natural flavor ingredients depends upon the type of food product.
Global Natural Flavor Ingredients Market: Segmentation
On the basis of nature, the global natural flavor ingredient Market has been segmented as,
- Conventional Flavor
- Organic Flavor
On the basis of end use, the global natural flavor ingredient Market has been segmented as,
- Food Industry
- Snacks & Processed Food
- Dairy Products
- Personal Care & Cosmetics
On the basis of distribution channel, the global natural flavor ingredient Market has been segmented as,
- Business to Business
- Business to Consumer
- Convenience Stores
- Specialty Stores
- Online Retail
On the basis of ingredient concentration, the global natural flavor ingredient market has been segmented as,
Global Natural Flavor Ingredient Market: Market Participants
Some of the market participants in the natural flavor ingredient markets are Gold Coast Ingredients Inc., Givaudan SA, International Flavors & Fragrances Inc., Takasago International Corporation, Kerry Group plc, Takasago International Corporation, Robertet SA, Archer Daniels Midland Company, Givaudan SA, Döhler GmbH, Huabao International Holdings Limited etc. More businesses and product manufacturers showing interest toward natural flavor ingredients market as demand is continuously increasing every year.
Opportunities for participants in Natural Flavor Ingredient Market:
A synthetic free ingredient, the natural flavor ingredient has high demand among the product manufacturer and consumer around the globe. In addition, the natural flavor ingredients are being widely used in households in recent years which results in the rising demand among the consumers. In the Asia Pacific, continuously rising number of food and beverage manufacturers contributed lucrative growth in the natural flavor ingredient market. Globally, Western Europe is the most promising market for the natural flavor ingredient manufacturing and consumption. On the other hand in the North America, the natural flavor ingredients are mostly used in food processing as well as food service industry. The technological advancement and continuously evolving technology are giving this industry rapid growth. Biotech is one of the rapidly growing sector which can help the natural flavor ingredient market to develop and grow faster.
Overview of the Report
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
- Market Drivers and Restraints
The Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Poland, and Rest of Europe)
- East Asia (Japan, South Korea, and China)
- South Asia (India, Indonesia, Malaysia, Philippines, Thailand, Rest of South Asia)
- Oceania (Australia, and New Zealand)
- The Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
The high consumption in the food and beverage industry is driving the growth of the natural flavor carrier market. The practice of adding value and flavor in processed food is augmenting the utilization of natural flavor carriers. The high growth rate of flavoring agents is proportionally increasing the demand for these carriers. The growth in the health-conscious population is expected to enhance the prominence of natural flavor carriers in the coming years.
Innovations in Food Escalates Adoption Rate
Food innovations to cater to the increasing demand for natural food is expected to fuel the progress of the natural flavor carriers. The surge in the consumption of additives and flavors to enhance the value of food products is creating scopes of growth for the manufacturers. The trend of innovative recipes and flavors is contributing to the market expansion. Baby food has surfaced as an attractive segment in the food sector. The huge gap in baby food products is encouraging manufactures to introduce innovations. Such developments are projected to scale the growth of the landscape during the forecast period. The rise in demand for instant and ready-to-cook products is expected to impart growth to the natural flavor carrier landscape.
Two prominent forms of these flavor carriers are liquid and solid. The food and beverage sector is expected to hold a major chunk of the market by the end of the forecast period over the high consumption of these products. The pharmaceutical sector is another vertical forecasted to generate revenue prospects for the manufacturers in the coming future. Different carriers prominently used in food processing include starches, solvents, and fats.
Asia Pacific Creates New Revenue Prospects
The leading regions in the global market include Latin America, North America, South Asia, East Asia, Europe, , Oceania, Middle East & Africa. With a large market for processed food, Asia Pacific is expected to witness a high growth rate during the forecast period. The growing demand for food products offering added benefits and nutrition is paving the way for the use of natural flavor carriers. High demand for convenience food products, especially in developing economies is estimated to act as a catalyst for market growth in these regions.
The natural flavor carriers manufactures are focused to develop cost-effective carriers cutting down the expense on adding flavor. They are developing methods that enhances the functionality of the product even with less quantity. Inspired by the emerging trend of clean label products, the manufactures in the food industry are keen to use quality products that can be listed on the ingredients label. The growing importance of consumer sentiments in the marketing of different products acts in favor of natural flavor carriers. The market competitors are competing in terms of innovations, quality, and cost. They are stretching their foothold in the market by correlating with consumer sentiments.
Established players profiled in the global natural flavor carrier market include DuPont Tate & Lyle Bio Products, Stepan Company (US), Firmenich (Switzerland), Symrise and Sensient Technologies, Senomyx (US), and Cargill.