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Natural Aroma Chemicals Market for Flavours Industry to exceed $470mn by 2027
- Published Date: March 8, 2022
Natural Aroma Chemicals Market for Flavours Industry is estimated to surpass USD 470 million by 2027, according to a new research report by Global Market Insights Inc.
The natural aroma chemicals industry is majorly segmented based on product and application. These aromas are naturally extracted and harmless to the environment thus attracting attention from various end use applications. Further, the increasing demand for natural aroma chemicals for flavor in the global market is majorly attributed to the growth of food and beverages industries. Increasing consumer disposable incomes along with preference for convenience and ready to product is expected to drive the F&B industry thus drive the demand for natural aroma chemicals.
Steady growth in the global demand for processed & packaged food products due to the rising consumer preferences for convenience food products will drive the overall natural aroma chemicals market for flavors industry. Natural aroma chemicals are used to impart color, taste, and nutrition to the final products. They are also used as food preservatives in various food products such as baked goods, confectionery items, and dairy products.
Rapid increase in the usage of natural diallyl disulfide to drive the overall industry statistics
Natural diallyl disulfide segment is anticipated to register around 9% CAGR up to 2027. the increasing demand for high-impact chemicals and rising strict environmental regulations has boosted the development of natural diallyl disulfide. Its beneficial properties such as antioxidant, anti-inflammatory, and antimicrobial properties has boosted its consumption in the pharmaceutical & dietary supplement application thus driving the product demand. The outbreak of the covid-19 pandemic has majorly boosted the pharmaceutical industry thus providing potential opportunities for the natural aroma chemicals market for Flavours industry.
Browse key industry insights spread across 598 pages with 422 market data tables & 27 figures & charts from the report, “Natural Aroma Chemicals Market for Flavours Industry by product (Natural Bulk Items, Natural High Impact Chemicals, Natural Specialties, Natural Vanillin, Natural Maltol, Natural Menthol And Other Mint Derived Products), End-use (Bakery & confectionery, food & beverages, pharmaceuticals & dietary) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Bakery & confectionery applications segment is forecast to cross USD 100 million by 2027 due to increasing usage of natural aroma chemicals in bakery and confectionery application
Bakery and confectionery applications segment is set to register 8% CAGR through 2027. Aroma chemicals are very commonly used in the flavors industry to enhance the taste & texture of bakery & confectionery items, beverages, dairy products, savory foods, pharmaceuticals & dietary supplements, and oral care products. Among these, the chemicals are widely used in the beverages industry to improve aroma & color and provide unique & mesmerizing tastes and flavors. There has been upsurge in demand for Beverages, such as carbonated soft drinks, juices, alcoholic drinks, and functional drinks, prepared from natural aroma chemicals obtained from natural sources such as fruits, flowers, and spices globally.
Increase in production and consumption of natural Difurfuryl disulfide to drive the APAC market forecasts
Asia pacific natural aroma chemicals market for Flavours industry is poised to register more than 7.5% through 2027. Growing awareness of the importance of eating natural and healthy food products has augmented the demand for natural aroma chemicals for flavours industry in countries such as China, India, Japan, Australia, and South Korea. Furthermore, the increased penetration of prominent players in the region is estimated to fuel regional market expansion.
Major industry players include BASF SE, Robertet Group, Mane, Ennloys, Natural Advantage, Advanced Biotech, Oamic Ingredients, Elan Chemical Company, Prinova Group LLC, and Vigon International, Inc. The key strategies observed among the industry participants include market penetration, new channels, acquisitions, and expansion.