Natural Aroma Chemicals Market Size

Natural Aroma Chemicals Market Size

Natural Aroma Chemicals Market for Flavours Industry size exceeded USD 280 Million in 2020 and is estimated to grow at over 7% CAGR from 2021 to 2027 owing to the rapid urbanization and increasing disposable incomes of middle-class population have positively influenced the bakery & confectionary industry.

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Rising preferences towards natural ingredients in food industry driven by increasing consumer knowledge is supproting the business expansion. Rapid economic development and considerable population growth will strenghthen the bakery & confectionary industry which is likely to propel the natural aroma chemials utilization.

Rising consumption of beverages and packaged food products is expected to boost the demand for food flavours worldwide. Flavors used to maintain aroma, taste, add color, and increase shelf life of the food products. Food flavours includes both natural aroma chemicals and synthetic aroma chemicals obtained from various origins. Growing preferences of natural aroma chemicals over synthetic owing to increasing health conciousness and conumer awareness is expected to drive the natural aroma chemicals market share for flavours industry.

Increasing usage of chemicals such as natural acids, aldehyde, ketones, esters, and other components which are used as flavouring agent will drive the market.  These chemicals are used to mask or implant pleasant and unique aroma to the end-use products. Packaged food products like  ready to eat meal, breakfast cereals, dairy products, meat products use aroma chemicals to enhance the product texture and taste and to increase their shelf life. Thus, rising adoption of convenience food and ready to eat food products is driving the natural aroma chemicals market for flavours industry demand.

Enhanced financial support from the government for research & development of natural arpma chemicals through funded drives and projects will further boost the natural flavors market growth. Further, the private flavors, and fragrances associations such as EFFA in Europe and IOFL on the global level can also provide aid to the market growth from the socially conducting drives. However, stringent government policies and regulations concerning the unsuitability risks of certain chemical substances and ingredients in the flavors production processes can pose a challenge for the industry.