Global Botanical Flavors Market: Size, Trends, Industry Share and Forecast, 2016 – 2024
Deerfield Beach, FL -- (SBWIRE) -- 08/31/2017 -- Global Botanical Flavors Market: Overview
The naturally obtained extracts from the leaves, seeds, spices, fruits, flowers, and barks are known as botanical flavors. In the food and the beverage industry, the botanical flavors have a wide range of application in order to enhance the richness and the taste of the food products such as dairy, confectionery, bakery, savory and in the beverages products such as drinks and juices. The fact that most of the consumers are inclining more towards the naturally obtained food products will increase the demand for the botanical flavors.
Global Botanical Flavors Market: Segmentation
The global market for the botanical flavors is fragmented into extraction, form, and the applications. Based on the extraction, the global market is segregated into leaves, barks, fruits, seeds, and others. The others segment is divided into roots and herbs. The segment that is leading the market is the fruits and the leaves. Based on the form, the market is categorized into solid, powder, and the liquid form. Based on the application, the market is categorized into personal care and the food and beverage industries. The food industry is sub-categorized into dairy, confectionery, bakery, and savory products. The beverage segment is sub-divided into the nonalcoholic and alcoholic industry.
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Global Botanical Flavors Market: Growth Factors
The key factor that is driving the botanical flavors market is the increasing demand from the food and beverage manufacturers owing to the reason that they use the botanical flavors as a functional ingredient and as natural ingredients in the food and beverage products. There are wide applications of the botanical flavors in the beverage sector as the market players are offering an introduction to new beverages and this is made possible by using the botanical flavors to improve the flavors of the existing beverages. The botanical flavors consist of high nutritional values such as vitamin, protein, and other types of minerals. Owing to all these factors, the market for the botanical flavors will experience a significant growth in the future years. The increase in the inclination of the consumers towards natural products will also increase the demand of the market.
Global Botanical Flavors Market: Regional Analysis
According to the regional study, the global market for the botanical flavors is diversified into North America, Western Europe, the Middle East and Africa Eastern Europe, Asia Pacific, and Latin America. The regions that are dominating the botanical flavors market are Europe and North America. It is estimated that these regions will lead the market both in terms of value and volume in the coming years. The market in the Asia Pacific region is also growing at a moderate rate but will grow at a fast pace in the coming years.
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Global Botanical Flavors Market: Competitive Players
The key market players that are involved in the botanical flavors market include Bell Flavors & Fragrances GmbH., Archer Daniels Midland Company, Carrubba Incorporated, Synergy Flavors, Parker Flavors, Inc., Sapphire Flavors & Fragrances, and Kanegrade Limited.
Global Botanical Flavors Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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