Los Angeles, CA -- (SBWIRE) -- 04/18/2019 -- Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. While natural flavors is a kind of flavors with raw material of flowers, plant or animals.
The technical barriers of natural flavor are relatively not high, but the market monopoly is rather serious. The top four enterprises including Givaudan, Firmenich, IFF, and Symrise, occupied about 56.26% market share of total sales revenue in 2016. Other relatively large companied include Takasago, WILD Flavors, Mane, Frutarom, Sensient, Robertet SA, T. Hasegawa, Kerry and Boton.
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Natural flavor are widely used in beverage, savoury, dairy and confectionary etc.. The key factors driving the growth of the aforementioned industry are increasingly natural flavor consumption. The expansions of application drive the market growth and support the growth of this market over forecast period. Natural flavor industry will usher in a stable growth space.
In the past few years, the price of natural flavor decreased and we expect the price has pressure to increase in short time. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of natural flavor. Therefore, to some extent, the companies face the risk of profit decline.
The global Natural Flavors market was 12600 million US$ in 2018 and is expected to 16800 million US$ by the end of 2025, growing at a CAGR of 3.7% between 2019 and 2025.
This report studies the Natural Flavors market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Natural Flavors in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Givaudan
Firmenich
IFF
Symrise
Takasago
WILD Flavors
Mane
Frutarom
Sensient
Robertet SA
T. Hasegawa
Kerry
McCormick
Synergy Flavor
Prova
Huabao
Yingyang
Shanghai Apple
Wanxiang International
Boton
By the product type, the market is primarily split into
Animal Flavors
Plant Flavors
By the end users/application, this report covers the following segments
Beverage
Savoury
Dairy
Confectionary
Others
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