MarkNtel Advisors recently published a detailed industry analysis of the Global Natural Flavoring Agent Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Natural Flavoring Agent Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027

The Natural Flavoring Agent Market  is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2022-27. 

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What are the major Driver the Global Natural Flavoring Agent Market?

 Growing Awareness about Natural Ingredients in Food - Food consumption levels worldwide have grown considerably due to rapid urbanization and a surge in disposable income. Mounting awareness regarding healthy lifestyles is compelling consumers to include natural ingredients in their food, which, in turn, is positively impacting the demand for natural flavoring agents.

With the growing world population, the pressure on flavor manufacturers in an already competitive space is increasing, i.e., leading them to offer innovative natural flavors. Additionally, the food & beverage industry is linked increasingly with the health & wellness space and consumer expectation for delicious products that support health alongside environmental & social aspirations. This has forced manufacturers to develop new products for consumers. For instance:

  • In 2021, Firmenich launched Dynarome® SR, an Innovative Natural Ingredient, to provide meat-like juiciness in Plant-based alternatives. The solution offered by the company assists in recreating the juicy taste in vegan products.
  • In 2019, Givaudan launched an innovative flavoring approach to change the taste experience of meat substitutes created from textured vegetable protein. The type of protein is used widely in plant-based meat alternatives.

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What segments define the Global Natural Flavoring Agent market from 2022 to 2027? How do these segments contribute to market dynamics and growth?

  • By Application
    • Beverages
      •  Alcoholic Beverages
        • Beer
        • Wine
        • Cider
        • Spirits & Liqueurs
        • Others
      • Non-Alcoholic Beverages
        • Water
        • Energy Drinks
        • Carbonated Soft Drinks
        • Sport Drinks
        • Cereal and Malt Beverages
        • Others
    • Bakery
      • Pastries
      •  Cakes
      •  Biscuits
      • Others
    • Snacks, Soups & Sauces
    • Confectionery
      • Sweets
      • Chocolates
      • Chewing Gums
      •  Others
    • Dairy and Frozen Products
      • Yogurt
      • Ice Cream
      • Diary Drinks
      • Others
    • Pharmaceuticals & Dietary Supplements
    • Animal and Pet foods
    • Others

According to report, of them all, Beverages held a sizeable share in the Global Natural Flavoring Agents Market due to mounting health consciousness among consumers along with their growing demand for nutritious drinks. 

  • By Form
    • Liquid
    • Powder
    • Paste & Emulsion

According to report, Here, Liquid natural flavoring agents are expected to attain a considerable share in the Global Natural Flavoring Agents Market during 2022-27.

  • By Source
    • Plants
      • Fruits
      • Vegetables
      • Herbs & Spices
      • Nuts
    • Animals
      • Dairy
      • Meat
        • Beef
        • Chicken
        • Fish
        • Egg

According to report, Of  both, Plant-based flavors have gained a considerable market share during 2017-21, mainly due to the burgeoning demand for vegan food, adoption of healthy eating habits, surging intake levels of health supplements by consumers worldwide, especially after the Covid-19 pandemic.

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Geographical Analysis: Global Natural Flavoring Agent Market

North America

South America

Europe

The Middle East & Africa

Asia-Pacific

Global Natural Flavoring Agent Market Share & Competitive Landscape:

The Natural Flavoring Agent Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global Natural Flavoring Agent Market are:

  • Dohler 
  • Samjung Flavor              
  • Royal DSM N.V.
  • Keva  Flavors   
  • Givaudan SA     
  • Firmenich SA   
  • International Flavors & Fragnances, Inc.           
  • Symrise AG       
  • Archer-Daniels-Midland Company        
  • Sensient Technologies Corporation    
  • Mane SA          
  • Robertet Group           
  • Kerry Group  
  • Hasegawa Co.Ltd     
  • Ingredion Incorporated           
  • Nikken Foods Company, Ltd. 

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Recent Developments by Leading Companies

  • In 2022, Royal DSM launched a new Food & Beverage business group that merges its three business areas (Food specialties, hydrocolloids, and part of its nutritional products group) to align with customer & market needs. The new group will unite the full range of natural food & beverage ingredients, expertise, and science-based solutions to improve the texture & taste and promote healthier lives.
  • In 2021, IFF invested USD 87 Million in a new extended flavors manufacturing facility in Karawang, Indonesia. The facility supports full manufacturing capabilities such as liquid compounds to powder, emulsions, spray dry technology, etc.

Questions Addressed in this Study

1.What factors are driving the Global Natural Flavoring Agent Market growth?

2.How is the Global Natural Flavoring Agent Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Global Natural Flavoring Agent Market?

4.What is the current size of the Global Natural Flavoring Agent Market, and how is it projected to change in the future?

6.What is the future outlook for the Global Natural Flavoring Agent Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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