Natural Food Flavor Market worth US$ 13.2 Billion by 2032 with a CAGR of 7.0 %

Increasing trend for natural products demands for innovative and certified, flavor formulations drives the natural food flavor market. In addition, rising individual’s inclination toward clean-label and organic products also propels the natural food flavor market. Natural Food Flavor Market was valued at US$ 6.4 Billion in 2022 and is projected to grow at a CAGR of 7.0% to reach US$ 13.2 Billion by 2032.

The report "Natural Food Flavor Market, By Product, (Vegetable Flavor, Fruit Flavor, Spices, and Others (Almond Extract, Vanilla Extract, etc), By Application (Beverages, Dairy and Frozen Products, Bakery and Confectionery, Savory and Snacks, and Animal and Pet Food), and Region - Forecast to 2032"

Key Highlights:

• On 8 April 2019, Duas Rodas Institucional launched “dotNAT” natural ingredients platform. This platform helps to expand flavors, botanical extracts and dehydrated fruits and vegetables portfolio.
• In August 2018, Bell Flavors & Fragrances launched natural chicken flavors tapping into growing global market.

Key Market Insights from the report:          

Natural Food Flavor Market was valued at US$ 6.4 Billion in 2022 and is projected to grow at a CAGR of 7.0% to reach US$ 13.2 Billion by 2032.The market report has been segmented on the basis of product, application, and region.

• By product, the natural food flavor market is segmented into vegetable flavor, fruit flavor, spices, and others. Others product sub-segment is categorized into almond extract, vanilla extract, etc.
• By application, the natural food flavor market is bifurcated into beverages, dairy and frozen products, bakery and confectionery, savory and snacks, and animal and pet food.
• By region, Asia Pacific natural food flavor market is expected to account for major share in terms of revenue in the natural food flavor market over the forecast period. This can be attributed to rising consumption of natural-based products among health conscious populace, coupled with growing utilization of natural food flavors from food and beverages industry in countries such as India and China of the region. Europe natural food flavor market is expected to account for fastest growing rate share in terms of revenue in the natural food flavor market in the near future.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Natural Food Flavor Market, By Product, (Vegetable Flavor, Fruit Flavor, Spices, and Others (Almond Extract, Vanilla Extract, etc), By Application (Beverages, Dairy and Frozen Products, Bakery and Confectionery, Savory and Snacks, and Animal and Pet Food), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2032

The prominent player operating in the natural food flavor market include Kerry Group, Plc, Givaudan SA, Firmenich International SA, Symrise AG, Duas Rodas Institucional, International Flavors & Fragrances Inc, International Flavors & Fragrances Inc, T. HASEGAWA CO., LTD, Takasago International Corporation, WILD Flavors GmbH, and Bell Flavors & Fragrances.

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