The global market was valued at USD 5.19 Billion in 2014 and is projected to grow at a CAGR of 7.0% from 2015 to 2020 to reach a value of USD 7.79 Billion. North America dominated the market in 2014 and accounted for the largest share in the total natural food colors & flavors market in 2014. The caramel segment was the largest for natural food color type whereas the essential oils segment accounted for the largest market share in natural food flavors market. Beverages accounted for the largest market in both, natural food colors as well as flavors market in terms of application, in 2014.
Pune, India -- (SBWIRE) -- 11/19/2015 -- The report "Natural Food Colors & Flavors Market - Global Forecast to 2020", defines and segments the natural food colors & flavors market with analysis and forecasting of the global revenue for natural food colors & flavors. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.
Browse 78 tables and 46 figures spread through 200 pages and in-depth TOC on "Natural Food Colors & Flavors Market - Global Forecast to 2020"
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Global Natural Food Colors & Flavors Market is expected to reach USD 7.79 Billion by 2020 growing at a CAGR of 7.0% from 2015.
The segmentation considered for this report is based on natural food color type & application, natural food flavor type & application, and region. The natural food colors, by type, has been segmented into caramel, carotenoids, anthocyanins, and others which include betalains, anthraquinones, carmine, cochineal extract, curcumin, turmeric, and copper chlorophyllin. On the basis of application, it is segmented into beverages, bakery, confectionery, dairy & frozen, meat products, and others which include soups, salad, condiments, dressings, and sauces, of which bakery accounts for the largest market.
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The natural food flavors, by type, have been segmented into natural extracts, aroma chemicals, essential oils, and others which include spices and fermentation. The application segment of natural food flavors includes beverages, savory & snacks, bakery & confectionery, dairy & frozen, and others which include soups, salad, condiments, dressings, and sauces.
The market for natural food colors & flavors is projected to witness an increasing trend in the upcoming years due to the high growth awareness regarding the health benefits of using natural food colors & flavors in the food & beverage products, and its increasing production in countries such as the U.S., India, and China. Also, the increasing demand for healthy and diversified food and the growing convenience food & beverage industry has also supported the growth of natural food colors & flavors market, especially in the Asia-Pacific region.
The natural food colors & flavors market is projected to grow at a CAGR of 7.0% from 2015 to 2020. The major drivers of the market are increasing awareness regarding the ill-effects of artificial food colors & flavors in food products and strict regulations regarding the inclusion of synthetic colors & flavors. The major restraining factors include lesser stability and higher cost as compared to artificial food colors and flavors.
Leading players in the natural food colors & flavors market include Sensient Technologies Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), Symrise AG (Germany), International Flavors & Fragrances Inc. (U.S.), Kerry Group Plc. (Ireland), Givaudan SA (Switzerland), Royal DSM N.V. (The Netherlands), Archer Daniels Midland Company (U.S.), and FMC Corporation (U.S.). One of the major developments in the natural food colors & flavors market is expansions. This strategy was adopted due to the increasing requirements for naturally derived food products all over the world. It helped the manufacturers to increase their naturally derived and clean label product portfolio and also increase their geographic presence in the natural food colors & flavors industry. Companies are also adopting other growth strategies such as new product launches, acquisitions, agreements, and joint ventures to cope with the increasing demand for natural food colors & flavors in key emerging markets. These strategies have aided companies to create a large customer and partner base in key markets.
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