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Natural Food Flavors Market Size

Report ID: GMI7129
Published Date: Oct 2023
Report Format: PDF

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Natural Food Flavors Market Size

Natural Food Flavors Market size was valued at USD 7.8 billion in 2022 and is anticipated to register a CAGR of over 5.5% between 2023 and 2032. As consumers become more health-conscious and concerned about the ingredients in their food, there is a growing demand for natural food flavor. These flavors are perceived as safer alternatives to synthetic counterparts.

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In addition, the trend towards healthier eating habits, including the reduction of artificial additives and preservatives, has boosted the demand for market.

Natural Food Flavors Market Report Attributes
Report Attribute	Details
Base Year:	2022
Natural Food Flavors Market Size in 2022:	USD 7.8 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.5%
2032 Value Projection:	USD 13.4 Billion
Historical Data for:	2018 - 2022
No. of Pages:	180
Tables, Charts & Figures:	274
Segments covered:	Source, Flavor Type, Application
Growth Drivers:	Clean label trend Consumer Demand for Healthier Options
Pitfalls & Challenges:	Limited shelf life Cost

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The Natural food flavors can be more expensive to produce compared to synthetic flavors. This cost factor may deter some food manufacturers from using them. In addition, Natural flavors often have a shorter shelf life compared to synthetic alternatives, which can pose challenges for food products with longer shelf lives.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of natural food flavors reached USD 7.8 billion in 2022 and is set to witness 5.5% CAGR from 2023 to 2032, driven by the growing demand for natural food flavors owing to rising consumer health-consciousness and concerns about food ingredients.

Plant-based natural food flavors segment generated USD 5 billion in revenue in 2022, attributed to its increasing demand among consumers with dietary restrictions, such as vegetarians, vegans, and those with allergies or intolerances to animal products.

Asia Pacific market size was valued at USD 2.7 billion in 2022, owing to the surging consumer demand for healthier and more natural food options along with the higher focus on natural ingredients and traditional food practices.

Some of the top natural food flavor companies are Givaudan, Firmenich, Symrise, International Flavors & Fragrances (IFF), Kerry Group, Archer Daniels Midland (ADM), BASF, Sensient Technologies, Takasago International Corporation, Huabao International Holdings Limited, and MANE SA.