2023-12-28 16:21:17
유기농 향료 시장 동향: 미래 수요, 점유율, 성장 기회 및 2035년 전망
In addition, for in-depth analysis, the report includes industry growth drivers, restraints, supply and demand risks, market attractiveness, BPS analysis, and Porter's Five Forces model.
Flavoring components naturally extracted from plants or fruits that remain stable even in high-temperature environments are referred to as 'organic flavors.' Generally, these flavors are water-based and unsweetened. Due to rising health awareness, increasing demand for natural ingredients, and innovative flavor extraction with better taste and aroma, the organic flavor market is expected to record a significant CAGR during the forecast period (e.g., 2021–2029). The market is segmented into liquid and powder forms based on form. Based on form, the powder segment is expected to hold the leading share of the organic flavor market. This may be due to the ease of storage and consumption of powdered flavors, as well as the widespread availability of organic flavors in powder form.
Based on regional analysis, the organic flavoring market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The European market is expected to hold the largest share due to the rapid innovation in food, beverage, and confectionery products, the decreasing use of synthetic and artificial flavorings, and the presence of key market participants in the region.
Increased demand for naturally derived food additives to drive market growth
The Organic Trade Association (OTA) stated in a statistical report titled the 'Organic Industry Survey' that sales of organic food in the United States increased by 5.9% from 2018 to 2019, recording $47.9 billion in revenue.
Globally, consumers are shifting toward natural products Desi Khand and preferring naturally derived food ingredients containing minimal synthetic flavors and preservatives. Furthermore, consumers are becoming increasingly concerned about the long-term health effects of artificial ingredients and additives in food, leading to a rising demand for organic flavorings. Additionally, new products featuring exotic and unique flavors have recently been launched. These factors are expected to boost market growth during the forecast period.
However, organic flavors are less stable and perishable, and face legal obligations to comply with the norms and standards of various regulatory standards that are presumed to hinder market growth.
This report also provides an existing competitive scenario for some key players in the global organic flavors market, including company profilings of Firmenich SA, BASF SE (ETR: BAS), Givaudan (SWX: GIVN), Symrise AG (ETR: SY1), Kerry Inc., International Flavors & Fragrances Inc. (NYSE: IFF), Sensient Technologies Corporation (NYSE: SXT), Takasago International Corporation (TYO: 4914), Robertet Group, and Huabao International Holdings Limited (HKG: 0336). The profilings include key company information, such as business overviews, products and services, key financial data, and the latest news and developments. Overall, this report outlines a detailed overview of the global organic flavors market to assist industry consultants, equipment manufacturers, existing players seeking expansion opportunities, new players exploring possibilities, and other stakeholders in adjusting market-oriented strategies based on ongoing and anticipated future trends.