Prospects of Natural and Organic Flavor Manufacturers Increasing on Back of Rising Demand for Preservative-Free and Organic Products: Fact.MR Report
Prospects of Natural and Organic Flavor Manufacturers Increasing on Back of Rising Demand for Preservative-Free and Organic Products: Fact.MR Report
As projected in a newly published industry analysis by Fact.MR, a market research and competitive intelligence provider, revenue from the sales of natural and organic flavor products is estimated at US$ 9.99 billion in 2024. The global natural and organic flavor market has been projected to expand at a CAGR of 5.7% from 2024 to 2034.
There is growing emphasis on consuming preservative-free and organic products, with health-conscious consumers preferring foods without preservatives and other synthetic chemicals, which are perceived to have health risks. This is creating opportunities for manufacturers of natural and organic flavor products. Increased consumer spending on premium food items that carry preservative-free and organic labels is driving market players to innovate with more effective flavor options.
Rising demand for organic flavor products is attributed to their extraction from real food sources such as fruits, spices, and herbs. This process ensures transparency among consumers, fostering trust and confidence in the product. In addition, organic-flavored products are favored since they are responsible for fewer allergic reactions compared to synthetic alternatives.
Key Takeaway from Market Study
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“Market players need to invest in introducing spicy flavors with the use of advanced and upgraded versions of technologies and natural and organic flavor ingredients for attracting a larger consumer pool,”says a Fact.MR analyst.
Leading Players Driving Innovation in the Natural and Organic Flavor Market:
Givaudan SA; Firmenich SA; Robertet SA; Frutarom Industries Ltd.; Synergy Flavors, Inc.; Dohler GmbH; Kerry Group Plc.; T. Hasegawa Co., Ltd.; Symrise AG; Axxense Aromatic GmbH; Blue Pacific Flavors, Inc.; Gold Coast Ingredients, Inc.; Treatt Plc.; Zymus International Ltd.; Takasago International Corporation.
Authenticity in Taste Making FTNF Flavors Popular Consumer Choice
Global sales of from the named fruit (FTNF) flavor products are forecasted to rise at a CAGR of 5.3% and reach US$ 8.18 billion by the end of 2034. These flavors are generally extracted through the use of physical procedures without any chemicals. FTNF flavors provide a competitive edge to manufacturers thanks to their suitability with clean labelling requirements as well as their authenticity of flavor. This makes them more suitable for drinks and nectars containing 100% juice, which are becoming increasingly popular among end consumers.
Natural and Organic Flavor Market News:
Synergy Flavors, Inc. purchased Innova Foods Pty Ltd. from Griffith Foods in May 2021. Innova Foods Pty Ltd. is a leading manufacturer of savory flavor ingredients. With this acquisition, the company will be able to grow its business across the globe.
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More Valuable Insightson Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the natural and organic flavor market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on flavor (natural, organic), product type (from the named fruit [FTNF], oleoresins, essential oils, meat & dairy flavors, with other natural flavors [WONF]), source (fruits & fruit juices, vegetable & vegetable juices, plants & botanical, meat & seafood, dairy), and application (food, beverages), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Check out More Related Studies Published by Fact.MR Research:
According to Fact.MR’s latest research analysis, the global fruit flavor market is set to reach a size of US$ 782.1 million in 2024 and is forecast to reach a value of US$ 1.23 billion by 2034, with a projected CAGR of 4.7% from 2024 to 2034.
The global plant-based flavor market is projected to be valued at US$ 11 billion in 2024 and ascend to US$ 17.55 billion by the end of 2034, expanding at a CAGR of 4.8% from 2024 to 2034.
The value of the global organic foods & beverages market is US$ 258 billion in 2022, which is projected to reach US$ 970 billion by 2032-end, expanding at a high-value CAGR of 14.1% through 2032.
The Global Natural Flavors market will be valued at US$ 7,402.3 million by 2024 end and has been forecasted to expand at a noteworthy CAGR of 8.7% to end up at US$ 17,047.6 million by 2034. Liquid of Natural Flavors will be worth around US$ 5,344.5 million in 2024 and account for a 57.0% share of the global market.
Worldwide revenue from the sales of food flavors is projected to reach US$ 13.74 billion in 2024, as revealed in a newly published study by Fact.MR. The global food flavor market has been forecasted to expand at a CAGR of 4.9% and reach a value of US$ 22.17 billion by the end of 2034.
Organic flavor refers to flavoring substances derived from natural sources such as fruits, spices, and herbs, without the use of synthetic chemicals or preservatives.
CAGR stands for Compound Annual Growth Rate, a useful measure to evaluate the growth of an investment over a specific period of time, expressed as a percentage.
Preservatives are substances added to products to prevent spoilage and extend shelf life, often associated with synthetic chemicals that some consumers prefer to avoid.
Market revenue refers to the total income generated from the sale of goods or services within a specific market during a defined period.
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