London, UK -- (SBWIRE) -- 08/27/2015 -- The market for natural flavors has grown tremendously over the past couple of years due to increase awareness of health coupled with emerging middle class across the globe. Flavors are used in food and beverages in order to enhance the taste and quality of the products. Thousands of natural volatile compounds make up the flavors and aromas of the food products that we eat in our day to day life. The definition of "natural flavor" under the Code of Federal Regulations is: "the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating or enzymolysis, which contains the flavoring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, edible yeast, herb, bark, bud, root, leaf or similar plant material, meat, seafood, poultry, eggs, dairy products, or fermentation products thereof, whose significant function in food is flavoring rather than nutritional". The market is buoyant for the coming years especially in Europe for the natural and clean label flavors.

Natural Flavors Market: Drivers and Restraints

Growing consumer interest in natural ingredients coupled with the strong command of retailers in the supply chain has made natural flavors easily and widely available in the market for consumers and are the major driving forces of the market globally. However, rising cost of raw materials and the issues of sustainability and stability of natural flavors over synthetic flavors are major restraining factor of the natural flavor market. Trends of the natural flavor market includes demands for clean-label products categories such as confectionery and soft drinks and growth in R&D for stability of natural flavor.

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Natural Flavors Market: Segmentation

Natural flavor market is segmented on the basis of product type, application and region. On the basis of product type the market can be segmented into natural extract, aroma chemical, essential oils and other natural flavor. Furthermore, on the basis of application natural flavor market can be segmented into beverages, dairy product, confectionery, oral products, tobacco and others. Beverages was the largest segment in natural flavor market followed by dairy products in 2014. Lastly, on the basis of region the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and Middle East and Africa.

Natural Flavors Market: Region-Wise Outlook

In 2014, North America holds the largest market of natural flavors followed by Europe. However, Asia Pacific and Latin America are key emerging region in natural flavors market and are expected to marginally take a lead in the global natural flavors market by 2025 over developed regions.

Natural Flavors Market: Key Players

Some of the global key players in the natural flavor market are Givaudan, Firmenich, Takasago International Corporation, Symrise AG, Sentient Technologies Corporation, Kerry Group PLC, Frutarom Industries Ltd. to name a few. Givaudan, a Switzerland based company holds the maximum market share in the global natural flavor market. Big multinational companies in the natural flavor market focus on the acquisition activity in order to expand within the growth areas of natural flavor market. Major Companies such as Givaudan currently marking its footprint by increasing number of production sites, creative centers, an increased marketing and sales force and also opening new offices in Africa and Asia to cater the local demand

The report covers exhaustive analysis on:

Natural Flavors Market Segments

Natural Flavors Market Dynamics

Historical Actual Market Size, 2012 - 2014

Natural Flavors Market Size & Forecast 2015 to 2025

Supply & Demand Value Chain

Global Market Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Global Market Drivers and Restraints

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Regional analysis for Body-Worn Temperature Sensors Market includes

North America

Latin America

Western Europe

Eastern Europe

Asia-Pacific

Japan

Middle East And Africa