Global Natural Flavors Market Growth 2023-2029

Global Natural Flavors Market Growth 2023-2029

Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. While natural flavors is a kind of flavors with raw material of flowers, plant or animals.
LPI (LP Information)' newest research report, the “Natural Flavors Industry Forecast” looks at past sales and reviews total world Natural Flavors sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Flavors sales for 2023 through 2029. With Natural Flavors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Flavors industry.
This Insight Report provides a comprehensive analysis of the global Natural Flavors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Flavors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Flavors market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Flavors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Flavors.
The global Natural Flavors market size is projected to grow from US$ 14350 million in 2022 to US$ 18680 million in 2029; it is expected to grow at a CAGR of 18680 from 2023 to 2029.
The technical barriers of natural flavor are relatively not high, but the market monopoly is rather serious. The top four enterprises including Givaudan, Firmenich, IFF, and Symrise, occupied about 56% market share of total sales revenue. Other relatively large companied include Takasago, WILD Flavors, Mane, Frutarom, Sensient, Robertet SA, T. Hasegawa, Kerry and Boton. Asia-Pacific is the largest consumption place, with a consumption market share nearly 33%. Following Asia-Pacific, North America is the second largest consumption place with the consumption market share of 27%.
This report presents a comprehensive overview, market shares, and growth opportunities of Natural Flavors market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Animal Flavors
Plant Flavors
Segmentation by application
Beverage
Savoury
Dairy
Confectionary
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Givaudan
Firmenich
IFF
Symrise
Takasago
WILD Flavors
Mane
International Flavors＆Fragrances
Sensient
Robertet SA
T. Hasegawa
Kerry
McCormick
Synergy Flavor
Prova
Huabao
Yingyang
Shanghai Apple
Wanxiang International
Boton
Key Questions Addressed in this Report
What is the 10-year outlook for the global Natural Flavors market?
What factors are driving Natural Flavors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Natural Flavors market opportunities vary by end market size?
How does Natural Flavors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.