FDBusiness.com

Natural flavours market to reach US$6.3m by 2020

 Breaking News
  • European Commission Clears Nestlé’s Acquisition of NESTEA The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over the NESTEA business, in the European Economic Area except Spain, Portugal and Andorra, by Nestlé. NESTEA branded ready-to-drink tea business is currently operated by Beverage Partners Worldwide, a full-function joint venture between Nestlé and The Coca-Cola Company. The Commission concluded [...]...
  • Avian influenza – New Scientific Advice Boosts EU Preparedness Migratory wild birds crossing the north-eastern and eastern border of the European Union is the most likely pathway for avian influenza to enter the territory, says EFSA (European Food Safety Authority). Experts assessed the risk of avian influenza entering the EU and reviewed surveillance approaches – which comprise monitoring by Member States and the actions [...]...
  • Tough September Trading Hits British Restaurant, Pub and Bar Groups Britain’s managed pubs, bars and restaurants saw like-for-like sales decline 0.9% in September as the public appeared to pull back on spending on eating and drinking out, latest figures from the Coffer Peach Business Tracker reveal. Restaurants in London were worst hit, suffering a 3.2% fall in collective like-for-like sales compared to September last year. [...]...
  • High Shear Mixing Experts For processors that work with proteins, starches, gums, vitamins, and flavourings, the Rotosolver high shear mixer is a must-have. This workhorse makes light work of all types of ingredients and with thousands of installations around the world in food, beverage, dairy, condiments, and meat and poultry manufacturing facilities, Admix continues to set the global standard [...]...
  • Belvoir’s Bubbling With Joy This Christmas Belvoir Fruit Farms is getting into festive mood with a limited-edition Christmas label for their popular Elderflower Pressé. The jolly, holly covered label also features the brand’s iconic elderflower motif dressed to impress for Christmas in golden foil, bringing seasonal sparkle to the design, along with the cheerful seasonal message ‘Bubbling with Joy’. Belvoir’s Elderflower Pressé [...]...

Natural flavours market to reach US$6.3m by 2020

Natural flavours market to reach US$6.3m by 2020
April 10
10:52 2017

The global natural flavours market will be worth $6.295.3 billion by 2020, according to estimates by IndustryARC, the research and consulting firm that publishes more than 500 reports annually in various industries, including agriculture, food, beverages, life sciences and healthcare.

Natural flavours are used to add flavour and aroma to food products, drinks, supplements and pharmaceuticals. These ingredients are derived from natural sources such as orange, lemon, grape, onion, beef and others according to the desired taste profile of the product. Natural flavours have extensive usage in packaged food industry.

The consumers in developed nations such as Japan, the US, the UK and France are becoming increasingly cautious on the food items they consume. This is due to increasing awareness through blogs and articles which claim the side effects related to artificial flavours consumption. In addition, consumers’ shift towards consumption of organic and natural food products which contain minimum added chemicals drives the natural flavours market.

The major product types that use natural flavours derived from various sources are beverages, confectionery, bakery, snacks, dietary supplements, dairy and other packaged food. Beverages are the most dominant segment in the natural flavours market.

Some of the health conscious consumers are purchasing beverages flavoured with natural flavours derived from exotic fruits and vegetables as they are rich in antioxidants.

The rising demand for addition of healthier and nutritious ingredients in major food categories propels the market for natural flavours.

APAC is the fastest growing region for natural flavours, which is estimated to reach $1.86 billion by 2020 at a CAGR of 10.5% during 2015-2020. With heightened awareness and wide availability of natural products in the US, North America is the most dominant market for natural flavours currently. The rising organised retail and the exposure of consumers to premium quality products in countries such as South Africa, Brazil, and India will drive the natural flavours market in these emerging economies.

The major players in the natural flavours market include: Givaudan (Switzerland), Firmenich International (Switzerland), International Flavors & Fragrances (US), Takasago International (Japan) and Symrise (Germany).

The key players continue to channel funds towards R&D and expansion of production facilities in emerging economies. These players account for approximately 60% of the total market. The mid-sized players such as Frutarom (Israel) are fervently making acquisitions with plans to expand market share in developing countries which offer huge growth prospects for natural flavours in near future.

About Author

editor

editor

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 19, 2017PMA Fresh Summit 2017
  • October 21, 2017Food & Nutrition Conference & Expo 2017
  • October 22, 2017Serbotel
  • October 22, 2017Natexpo
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements