Global Natural Food Colors And Flavors Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

14 Dec, 2021

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The natural food colors and flavors market consists of sales of natural food colors and flavors by entities (organizations, sole traders and partnerships) that manufacture nature food colors and flavors which are used in food preparations. Natural food colors and flavors are extracted from plants, animals, and other organic materials by using physical or chemical methods. Natural food colors and flavors come in many forms like liquids, powders, gels, pastes and these are used in commercial food production as well as domestic cooking.

Global Natural Food Colors And Flavors Market Size And Drivers:

The global natural food colours and flavours market is expected to grow from $4.36 billion in 2020 to $5.06 billion in 2021 at a compound annual growth rate (CAGR) of 16.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global natural food colours and flavours market is expected to reach $6.14 billion in 2025 at a CAGR of 4.9%. Rising concerns regarding the health hazards posed by the consumption of synthetic colours drove the market for natural food colours and flavours.

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Trends In The Global Natural Food Colors And Flavors Market

Natural food colors and flavors manufacturers are increasingly manufacturing food colors and flavors according to the taste and preference of the local residents and this is an emerging trend in the food colors and flavors market. The act of localization creates demand for specific natural food coloring agents based on each region. Also, manufacturing food colors and flavors according to local demand reduces the shipping cost because the cost of fuel consumption is low compared to the fuel consumption due to shipping of products from long distances. For instance, Archer Daniels Midland (ADM), a US-based multinational food processing and commodities trading corporation, has a production facility in India that produces mint flavors according to the demand of Indian customers. This facility buys raw materials from local farmers and manufactures natural mint and other flavors. The localization also increases economic growth by boosting local manufacturers, creating jobs, and increases spending.

Global Natural Food Colors And Flavors Market Segments:
The global natural food colors and flavors market is further segmented –
By Color Type: Caramel, Carotenoids, Anthocyanins, Curcumin, Annatto, Copper Chlorophyllin, Capsanthin, Others
By Flavor Type: Natural Extracts, Aroma Chemicals, Essential Oils, Others
By Form: Liquid And Gel, Dry
By Application: Beverages, Bakery, Confectionery, Dairy And Frozen, Meat Products, Others
By Geography: The global natural food colors and flavors market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Natural Food Colors And Flavors Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides natural food colors and flavors market overviews, analyzes and forecasts market size and growth for the global natural food colors and flavors market, natural food colors and flavors market share, natural food colors and flavors market players, natural food colors and flavors market segments and geographies, natural food colors and flavors market’s leading competitors’ revenues, profiles and market shares. The natural food colors and flavors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.