DUBLIN, January 13, 2021 (BUSINESS WIRE) --
The "Natural Food Colors & Flavors Market by Color Type (Caramel, Carotenoids, Anthocyanins, Curcumin, Annatto, and Copper Chlorophyllin), Flavor Type (Natural Extracts, Aroma Chemicals, & Essential Oils), Application & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The natural food colors & flavors market is projected to grow from USD 5,011.7 million in 2019 to reach USD 6,835.3 million by 2025, at a CAGR of 5.4% in terms of value.
Factors such as the growing concern of clean label food and healthy consumption is going to drive the market for natural food colors & flavors.
By type, caramel for colors and the natural extracts for flavors is projected to dominate the market during the forecast period.
Natural extracts are derived from plant sources and caramel is one of the most popular flavor for bakery and confectionary applications. Both of them provides aesthetic flavor and color to the recipes, therefore are in high demand among the manufacturers. The demand for clean label food ingredients is driving the market. Therefore, it is high in demand in both developed and developing economies and thereby dominating the market.
By form, liquid & gel is projected to grow at the highest CAGR during the forecast period.
The uniform texture and easy to mix property of liquid & gel colors & flavors type makes them popular among manufacturers. The liquid & gel types are comparatively more stable and provide rich color & flavor to the end product. It blends with the recipes in a uniform way, and give the desired color and flavor to the product.
The Europe region is projected to dominate the market during the forecast period.
Owing to the large production of various of natural ingredients are on of the reasons for the dominating market in Europe. Presence of large number of local players and high purchasing capacity of the consumers is also one of the driving factors. Higher production capabilities, availability of raw materials, and government initiatives, are some of the major reasons for the presence of manufacturing operations in European region.
The natural food colors & flavors market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, South America, and RoW (Africa, the Middle East, and Others in South America).
Market Dynamics
Drivers
Growth in the Demand for Natural and Clean Label Products
High Demand for Natural Food Ingredients Owing to the Rising Instances of Chronic Diseases
Shift in Consumer Preferences for Food & Beverages
Health Benefits of Certain Natural Colors
Rising Inclination Toward Premium and Branded Products
Restraints
High Cost and Limited Raw Material Availability
Low Stability of Natural Colors
Opportunities
Rise in the Number of End-Use Applications
Increasing Ventures in Asia-Pacific and South America
Multifunctional Flavors and Colors
Rapidly Growing Sales of Beverages and Functional Drinks
Product-Based and Technological Innovations in the Ingredient Industry
Emerging Economies to Present High-Growth Opportunities due to Growing Food Processing Investments
Challenges
Lack of Consistency in Regulations Pertaining to Various Ingredients
Companies Mentioned
Amar Bio-Organics
Archer Daniels Midland (Adm)
Aromata Group
Besmoke Limited
Dupont
Firmenich
Givaudan
Gulf Flavors & Food Ingredients Fzco
International Flavors and Fragrances (Iff)
Kerry Group
Mane
Robertet
Seluz Fragrance & Flavor Company
Sensient
Symrise
Synergy Flavors
T. Hasegawa
Taiyo International
Takasago
The Foodie Flavors
For more information about this report visit https://www.researchandmarkets.com/r/c3zpnk
View source version on businesswire.com: https://www.businesswire.com/news/home/20210113005407/en/
SOURCE: Research and Markets
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