Organic flavors are a type of flavor ingredients which are derived from plant or fruit based raw materials. These specialty chemicals are either used in its natural state or are processed through physical, microbiological or enzymatic methods. Organic flavor concentrates have the properties of high-heat stability, are water-based, and are unsweetened. These highly concentrated ingredients are best used in ice cream bases, yogurt, baked goods, beverages, and others. Technically, an ingredient must be naturally derived and should add a particular taste to the food in order to be listed as an organic flavor. As per the Food and Drug Administration (FDA), organic flavors must be obtained from ingredients such as meat, spices or fruit through processes such as fermentation or distillation. Recently, the organic flavors that are introduced in the market are vegan, chemical-free and are completely plant-based.
Increasing demand for natural ingredients in food products and growing health consciousness among global population as well as the introduction of new and exotic flavors with better aroma and taste are some of the significant factors boosting the market growth. The global organic flavor market is anticipated to record a significant CAGR over the forecast period, i.e., 2021-2029. The market is segmented by form into liquid and powder. Among these segments, the segment for powder is anticipated to hold the leading share in the market on account of the increasing availability of naturally derived organic flavors in the powdered form. Further, powder flavors are also convenient in storage and usage, which is further anticipated to contribute to the growth of the segment during the forecast period.
Since a large number of consumers are looking for healthier and clean-label food options, they are gaining interest in foods with exotic and ethnic flavors which increases the demand for natural and organic flavor blends. Moreover, global ongoing natural food trends and introduction of new sources of flavors has led to a rise in the demand for organic flavors globally. According to the statistical survey report titled “Organic Industry Survey”, published by the Organic Trade Association (OTA), stated that in the year 2019, the U.S. organic food sales reached USD 47.9 billion, which was an increase by 5.9 percent from its previous year. Further, adoption of advanced and innovated technologies in raw material processing as well as increased research activities in flavor extraction provides ample business opportunities for the food and related industry. This is anticipated to significantly expand the global organic flavor market.CLICK TO DOWNLOAD SAMPLE REPORT
Increase in the number of people preferring healthy and natural food products that contain organic and naturally-derived food ingredients, along with the offering of unique, newer and tastier flavors by the manufacturers are some of the factors anticipated to fuel the growth of global organic flavor market. Further, owing to the carcinogenic properties present in artificial flavorings, majority of the population checks the food labelling of a product before buying it. Additionally, as organic flavors offer several health benefits, there is an increasing demand for the replacement of synthetic ingredients with organic flavors amongst the consumers. Such factors are projected to drive the growth of the global organic flavor market over the forecast period.
Despite the growing usage of flavors in food products, high cost involved in the preparation of these food and beverage chemicals coupled with the legal obligation to abide by the regulatory standards is estimated to hinder the growth of organic flavor market in the future.
Organic flavors, being perishable in nature are less stable during processing, handling, and storage when compared to synthetic flavors and thereby they may decrease the shelf life of products, which is further projected to hamper the growth of the global organic flavor market.
Our in-depth analysis of the global organic flavor market includes the following segments:
On the basis of regional analysis, the global organic flavor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for organic flavor in Europe is anticipated to hold the largest share in the market on account of the presence of leading market players in the region which manufactures and markets organic flavor ingredients. Moreover, the declining consumption of synthetic food flavors by huge number of people and the advancement in products containing organic flavors developed by food, beverages and confectionery industry in this region, is further anticipated to increase the demand for organic flavor. On the other hand, the market in Asia Pacific is predicted to grow at the highest rate during the forecast period as a result of the significant expansion in food and beverage industries in the region. Additionally, the increase in demand for frozen and processed food amongst the consumers in the region is providing many business opportunities to flavor manufacturers which is further anticipated to raise the demand for organic flavor and drive the market growth.
The global organic flavor market is further classified on the basis of region as follows:
FREQUENTLY ASKED QUESTIONS
Growing consumer inclination towards organic and clean-label products is one of the major factors driving the market growth.
The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.
The major players in the market are Firmenich SA, BASF SE, Givaudan, Symrise AG, Kerry Inc., International Flavors & Fragrances Inc., Sensient Technologies Corporation, Takasago International Corporation, Robertet Group and Huabao International Holdings L
The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The organic flavor market is majorly segmented by type, form, application and by region.
The powder segment, which is a sub-segment of the form segment is anticipated to hold the largest market share during the forecast period.
Concerns for high production cost of organic flavors is one of the major factors estimated to act as barriers to the growth of the market.
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