FDBusiness.com

Natural flavours market to reach US$6.3m by 2020

 Breaking News
  • Sysco Grows European Business Sysco Corporation is to acquire Kent Frozen Foods, a successful UK-based food service distributor with revenue in the year ended 31st December 2016 of £47 million. The acquisition, which is conditional upon approval from the Competition and Markets Authority, will see Kent Frozen Foods join Sysco’s other UK businesses, including Brakes, Fresh Direct and M&J [...]...
  • Nestlé Nominates Three New Independent Directors to its Board Nestlé has announced that it proposes Pablo Isla, Chief Executive Officer of Inditex; Kasper Rorsted, Chief Executive Officer of adidas; and Kimberly A. Ross, former Chief Financial Officer of Baker Hughes, for election to its Board of Directors. The elections will take place at the company’s Annual General Meeting on April 12, 2018. At that time, three current directors, [...]...
  • Increased Funding For Promoting Europe’s Agricultural Products The European Commission has launched the calls for proposals for programmes to promote European agricultural products throughout the world and within the EU. A total of €169 million is available to co-finance the programmes, up from €142 million in 2017. Programmes can cover a wide range of issues from general campaigns on healthy eating to [...]...
  • The Coca-Cola Company Announces New Global Vision to Help Create a World Without Waste The Coca-Cola Company has announced that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030. This goal is the centerpiece of the Company’s new packaging vision for a World Without Waste, which the Coca-Cola system intends to back with a multi-year investment that [...]...
  • Partnership that Mitigates Cross Contamination Fits Like a Glove Two world leaders in their respective fields have combined their expertise to create Europe’s first bona fide antimicrobial nitrile gloves. Unigloves new Fortified single use gloves incorporate silver ion technology from BioCote®, which has been scientifically proven to destroy 90% of bacteria within just 15 minutes and 99.5% in only two hours – BioCote is also proven effective [...]...

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

  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
  • January 28, 2018ProSweets Cologne (Int'l Sweets and Biscuits Fair)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements