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 - Trends, Analysis and Forecast till 2032

Report Code: PMI72819 | Publish Date: May 2024 | No. of Pages: 178

Global Natural Food Flavor Market Overview

Natural Food Flavor Market was valued at USD 6.4 Billion in 2022 and is projected to grow at a CAGR of 7.0% to reach USD 13.2 Billion by 2032

Natural Food Flavors refer to flavoring substances derived from natural sources, such as fruits, vegetables, herbs, spices, and other plant-based ingredients. These flavors are used to enhance the taste and aroma of various food and beverage products while maintaining a natural and authentic profile. Natural food flavors are sought after by consumers who prefer clean label products and are concerned about the use of synthetic additives or artificial flavors.

Growing awareness of the impact of diet on health and wellness is driving consumers to make healthier food choices. Natural food flavors derived from fruits, vegetables, and herbs are perceived as healthier alternatives to artificial flavors, as they are often associated with beneficial phytochemicals and natural antioxidants. Also, the consumers are increasingly seeking natural and clean label products, preferring ingredients that are recognizable and free from synthetic additives. This demand for more natural and authentic flavors drives the growth of the Natural Food Flavor Market.

Global Natural Food Flavor Market Drivers & Restraints

Growing Consumer Demand for Natural and Clean Label Products

The clean label movement emphasizes transparency and simplicity in ingredient lists. Consumers are becoming more vigilant about reading labels and avoiding synthetic additives, preservatives, and artificial flavors. Natural food flavors, with their recognizable and easily understood ingredient sources, appeal to consumers seeking cleaner and more transparent product formulations. Manufacturers need to ensure compliance with relevant regulations and transparently communicate the sourcing and composition of their natural food flavors to maintain consumer trust and meet their expectations for natural and clean label products and this drives the growth Natural Food Flavors Market.

Regulatory Support for Natural Flavors

Regulatory agencies around the world have shown support for the use of natural flavors in the Natural Food Flavor Market. While specific regulations and definitions may vary across regions, there are common principles and guidelines that promote the use of natural flavors. Many countries have their own regulations and guidelines governing the use of natural flavors in Food and Beverages. Generally, regulatory support ensures that natural flavors are recognized as safe for consumption and enables manufacturers to label their products accordingly and also makes it easier for Natural Flavor Systems.

Restrains:

Sourcing consistent supplies of natural ingredients can be challenging, especially for flavors derived from specific fruits, vegetables, or herbs that have limited availability or are subject to seasonal variations. This can impact the production and availability of natural food flavors. Thus, this factor restrains the growth of Natural Food Flavor Market.

Global Natural Food Flavor Market Segmentations & Regional Insights

Natural Food Flavor Market is segmented based on Product, Application and Region.

Product Insight

On the basis of Product, Natural Food Flavor Market is segmented into Vegetable Flavor, Fruit Flavor, Spices, and Others (Almond Extract, Vanilla Extract, etc. Fruit Flavor is expected to dominate the target market growth as Fruit flavors are extracted from a wide range of fruits and are widely used in the natural food industry. They provide natural sweetness, tanginess, and fruity profiles to various food and beverage products. Fruit flavors are used in products such as juices, yogurts, desserts, snacks, and confectionery.

Application Insights

On the basis of Application, Natural Food Flavor Market is segmented into Beverages, Dairy and Frozen Products, Bakery and Confectionery, Savory and Snacks, and Animal and Pet Food.  Savory and Snacks are expected to dominate the target market growth as categories of natural food flavors cater to different taste preferences and are essential for creating a diverse range of flavor profiles in food and beverage products. Manufacturers often combine flavors from multiple categories to achieve complex and well-balanced taste experiences.

Regional Insights:

On the basis of region the Natural Food Flavor Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is estimated to witness a significantly high revenue share over the forecast period, due to the increased customer demand for natural ingredients and products with clean labels in this areas. With a strong emphasis on product quality and innovation, the food and beverage sectors in this region are well-established.

Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

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

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Natural Food Flavor Market report based on Product, Application and Region:

Natural Food Flavor Market, By Product:

  • Vegetable Flavor
  • Fruit Flavor
  • Spices
  • Others (Almond Extract, Vanilla Extract, etc.)

Natural Food Flavor Market, By Application:

  • Beverages
  • Dairy and Frozen Products
  • Bakery and Confectionery
  • Savory and Snacks
  • Animal and Pet Food

Natural Food Flavor Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • U.S.
    • Canada

Global Natural Food Flavor Market Competitive Landscape & Key Players

The key players operating the Natural Food Flavor Market includes, 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.

Global Natural Food Flavor Market Recent News

  • In January 2023, Fiberstar launched a line of new organic citrus fibers which is named as “Citri-Fi 400 series”. The desire for natural, sustainable, and organic food ingredients is growing, which has led to the development of these new citrus fibers. The procedure of juicing citrus yields the new Citri-Fi 400 organic series. Intact native pectin, which is composed of both soluble and insoluble fiber, has pleasing mouth feel and water-holding and emulsifying capabilities.
  • In May 2023, Sweegen launched sweetensify flavors, its newest flavor tool, which helps food and beverage industries create goods that are better for everyone. Sweetensify Flavors, which push the frontiers of healthier product innovation, are powered by Sweegen's revolutionary sweet protein technology, which contains brazzein, thaumatin II, and other special proteins. This technology improves and modulates sweet flavor while producing a sugar-like sensation.
  • In March 2022, Galactic launched Natural Basil flavor which is specially designed for meat alternatives and plant-based meals and is a new natural ingredient. This innovative item was created in a special method to offer rounded flavors and premium quality to the market for plant-based products. Additionally, it provides appealing labelling alternatives emphasizing the ingredient's plant-based origin, naturalness, and clean label features.
  • In September 2022, Solvay launched new range of natural vanillin flavors with three new natural flavor ingredients i.e. Rhovanil Natural Delica, Alta and Sublima for the food and beverage industries. With these new products, the Group will help the food and beverage industries meet rising customer demands for healthier, safer, tastier, and more natural products, as well as cost-effectively make the conversion to natural.

Global Natural Food Flavor Market Company Profile

  • Bell Flavors & Fragrances
  • 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

FAQs

The Natural Food Flavor Market is segmented into Product, Application and Region.

Natural Food Flavor Market is driven by factors like growing consumer demand for natural and clean label products and regulatory support for natural flavors.

By region, the Natural Food Flavor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Natural Food Flavor Market includes, 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.

Natural Food Flavor Market accounted for US$ 6.4 billion in 2022 and is estimated to be US$ 13.2 billion by 2032 and is anticipated to register a CAGR of 7.0%.