The global natural food flavors market is expected to register significant growth in the forecoming years. Major factor driving growth of the global natural food flavors markets is shifting consumer preference towards healthy living which leads to increasing demand for natural food flavor. In addition, benefits associated to using of natural food colors as compared to synthetic flavors, growing disposable income level, growing consumption of beverages, confectionery, dairy, and bakery products are some of the factors boosting the demand for natural food flavors.
The global natural food flavors market report has been segmented on the basis of product, application, and region.
On the basis of product, the global natural food flavors market has been segmented into vegetable flavor, fruit flavor, spices, and other.
On the basis of application, the global natural food flavors market has been segmented into beverages, dairy & frozen products, bakery & confectionery, savory & snacks, and animal & pet food.
On the basis of region, the global natural food flavors markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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In 2018, Europe natural food flavors market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to increasing demand for clean label products in the country in region. However, Asia Pacific natural food flavors market is projected to register highest CAGR in the next five years, due to growing economic development and rising disposable income among the populace in the region.
Key players operating in the global natural food flavors market include Kerry Group, Givaudan SA, IFF Inc., Firmenich SA, Sensient Technologies Corporation, Symrise AG, Frutarom Industries, Hasegawa Co., Ltd., Robertet SA, and Takasago International Corporation.