The Natural Food Colors And Flavors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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Anticipating a vigorous ascent in the coming years, the natural food colors and flavors market is poised to reach $9.1 billion by 2028, showcasing a commendable CAGR of 8.5%. Key contributors to this expansion include the proliferation of plant-based products, the surge in clean meat and dairy alternatives, escalating demand for organic foods, the ascendancy of clean snacking, and the quest for reduced sugar products. Integral trends in the forecast period encompass groundbreaking technological innovations, the ascendancy of clean-label certification, sustainability imperatives, advancements in natural food coloring methodologies, and the burgeoning development of nutraceuticals.
An emergent trend in the landscape involves manufacturers tailoring food colors and flavors to align with the distinct taste preferences of local residents. This paradigm shift caters to regional demands, engendering a surge in the consumption of specific natural food coloring agents contingent upon geographic locales. Beyond satisfying the discerning palates of diverse populations, localizing production has the ancillary benefit of mitigating shipping costs, given the reduced fuel consumption associated with shorter transportation distances.
Rising concerns regarding the health hazards posed by the consumption of synthetic colors drove the market for natural food colors and flavors. Synthetic food colors and flavors are chemicals that originate from coal tar derivatives, petroleum, or crude oil and cause health hazards such as high blood pressure, DNA mutation, obesity, infertility and others. For instance, Auramine is a food color known to retard growth and damages kidneys, liver. Lead chromate is yellow food color that can be dangerous to health causing anemia, abdominal pain, hypertension, neurological problem. According to the study published by the Brazilian Journal of Biology, the researchers fed 2ml of chocolate flavoring, 5ml of strawberry flavoring per Kg for a group of mice, and on day 6 all the mice died due to toxic effects on gene and cells. Therefore, the rising health hazards from the consumption of synthetic colors have raised concerns in consumers and this, in turn, drove the market for natural food colors and flavors.
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The natural food colors and flavors market covered in this report is segmented –
1) By Color Type: Caramel, Carotenoids, Anthocyanins, Curcumin, Annatto, Copper Chlorophyllin, Capsanthin, Other Color Types
2) By Flavor Type: Natural Extracts, Aroma Chemicals, Essential Oils, Other Flavor Types
3) By Form: Liquid And Gel, Dry
4) By Application: Beverages, Bakery, Confectionery, Dairy And Frozen, Meat Products, Other Applications
Top 5 Major Players:
- Archer-Daniels-Midland Company
- CHR. Hansen Holding A/S
- Kerry Group PLC
- San-Ei Gen F.F.I. Inc
- Symrise AG
Exemplifying this trend, Archer Daniels Midland (ADM), a distinguished US-based multinational food processing and commodities trading corporation, has strategically established a production facility in India. Specializing in the production of mint flavors, this facility adeptly aligns with the nuanced preferences of Indian customers. Notably, ADM’s localized approach involves procuring raw materials from local farmers, fostering sustainability, and concurrently promoting economic growth. The ramifications of such localization extend beyond mere cost savings, permeating into the realm of job creation, bolstering local manufacturers, and catalyzing increased consumer spending, thereby contributing to the overall economic dynamism.
The natural food colors and flavors market report table of contents includes:
1. Executive Summary
2. Natural Food Colors And Flavors Market Characteristics
3. Natural Food Colors And Flavors Market Trends And Strategies
4. Natural Food Colors And Flavors Market – Macro Economic Scenario
5. Global Natural Food Colors And Flavors Market Size and Growth
…..
31. Global Natural Food Colors And Flavors Market Competitive Benchmarking
32. Global Natural Food Colors And Flavors Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Natural Food Colors And Flavors Market
34. Natural Food Colors And Flavors Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Natural Food Colors And Flavors Market, Segmentation By Color Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Natural Food Colors And Flavors Market, Segmentation By Flavor Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Natural Food Colors And Flavors Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 75: Archer-Daniels-Midland Company Financial Performance
Table 76: CHR. Hansen Holding A/S Financial Performance
Table 77: Kerry Group plc Financial Performance
Table 78: San-Ei Gen F.F.I. Inc. Financial Performance
Table 79: Symrise AG Financial Performance
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