Global Natural Food Colors & Flavors Market - Forecast(2023 - 2028)

Report Code: FBR 34086 Report Format: PDF + Excel

Global Natural Food Colors & Flavors Market Overview

Global Natural Food Colors & Flavors Market size is forecast to reach $7.3 billion by 2027, growing at a CAGR of 5.9% during the forecast period 2022-2027. During the processing of food, a substantial amount of flavor and color is lost. In order to enhance the appeal of a food or beverage, natural colors and flavors are added. Color is among the most important visual characteristic to evaluate the food quality and also sets a benchmark for other sensory experiences such as taste, smell, and texture. Natural extracts generally used as food colors and flavors offer plenty of health-promoting benefits and hence have become a priority while choosing the right food for customers. A variety of food flavors and colors such as carotenoids, curcumin, caramel, antioxidants, and essential oils also enhance the nutritional value of food and beverage. Increasing consciousness of the health advantages of natural colors and color additives is one of the major factors driving the growth of the Global Natural Food Colors & Flavors industry. Increasing usage of Natural Food colors and flavors is increasingly substituting synthetic flavors and colors which is anticipated to further enhance the overall industry of the global natural food colors & flavors market for the period 2022-2027.

Report Coverage

The report: “Global Natural Food Colors & Flavors Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Natural Food Colors & Flavors Market: 

By Type: Natural extracts, aroma chemicals, essential oils, caramel, carotenoids, anthocyanins, curcumin, and others.
By Distribution Channel: Direct and Indirect.
By Form: Liquid/ gels and Dry.
By Application: Food and Beverages.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • North America dominated the global natural food colors & flavors market in 2021 owing to the increase in the number of consumers choosing natural over synthetic food enhancements. The global natural food colors & flavors market scope for different regions will be provided in the final report.
  • Increasing awareness of the health benefits of the natural colors and flavors and diversifying the application of flavors and colors in the food and beverage industry is anticipated to aid the market growth of the Global Natural Food Colors & Flavors Market.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be the Global Natural Food Colors & Flavors Market report.
  • Inconsistencies in regulations of food flavor and color in different countries are poised to restrain the growth of the Global Natural Food Colors & Flavors Market.

Global Natural Food Colors & Flavors Market Revenue Share, By Geography, 2021(%)

Global Natural Food Colors & Flavors Market Revenue

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Global Natural Food Colors & Flavors Market Segment Analysis – By Type

The global natural food colors & flavors market based on type can be further segmented into natural extracts, aroma chemicals, essential oils, caramel, carotenoids, anthocyanins, curcumin, and others. Natural extracts are anticipated to account for the largest share in 2021 and is anticipated to grow with a CAGR of 6.2% between 2022 and 2027. Consumers all across the globe depict an inclination towards food which are either organic or has been produced organically. This preference has helped fuel the growth of the natural extracts category since the rising demand for organic food flavors and colors has in turn increased the acceptability of natural extracts.

Global Natural Food Colors & Flavors Market Segment Analysis – By Application

The global natural food colors & flavors market based on the application can be further segmented into food and beverages. Food held the largest share in the Global Natural Food Colors & Flavors Market in 2021 and is estimated to hold the fastest surge, growing at a CAGR of 7.1% during the forecast period 2022-2027. The urban middle-class income in the world is on the rise. With this increase, the standard of living has improved drastically. Pertaining to this, the food industry has experienced a huge upsurge in the demand. Rising demand for packaged food, portion-controlled packaged food, ready to eat food has resulted in the rise in demand for a variety of food colors and flavors in the industry. Also, with the rise in demand for food, there is a rise in concerns such as food preservation, rising demand for healthy foods. Due to such concerns, natural food flavors and colors are consistently overtaking the synthetic flavor and color industry.

Global Natural Food Colors & Flavors Market Segment Analysis – By Geography

The global natural food colors & flavors market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America dominated the Global Natural Food Colors & Flavors Market with a major share of 38% in 2021. This is attributed to the rising demand and consumption of food and beverages with natural flavors and colors and the high disposable income of the consumers in the region. Natural flavors and colors have gained an excellent reputation for being a healthy alternative to synthetic flavors and colors.

However, Asia Pacific is estimated to grow at the highest CAGR during the forecast period 2022-2027 owing to the advancements in technology, increasing expenditure on premium food and beverage categories, and the high production of natural food flavors and colors in these countries which allows for export all around the world.

Global Natural Food Colors & Flavors Market Drivers

Rising Demand for Natural or Organic Flavors and Color is Fueling Market Growth

With a steep rise in cases of food adulteration all across the world, consumers have now become more conscious of their choices being made for a variety of food and beverage categories. Moreover, the consumers in the world are becoming more affluent and with the rise in spending power of consumers, demand for natural/organic food flavors and colors is rising steeply. According to recent data published by Clean Label Alliance, more than 70% of consumers depict willing to pay an extra premium for organically prepared food or beverage items. Thus, increasing the growth of the Global Natural Food Colors & Flavors Market during the forecast period 2022-2027.

Increasing Usage of Natural Food Colors and Flavors in a Variety of Applications Is Boosting Product Demand

Earlier, synthetic flavors and colors were the top choices of food and beverage manufacturers. But with the rise in the trend of clean label products, manufacturers are seen switching to natural food flavors and colors. Flavors and colors have become the backbone of food choices made by consumers. More and more food is being prepared using natural food flavors and colors which has led to increasing acceptability of variety in food and beverages across the globe. Many top players in the natural food flavors and colors market are investing in Natural Food Colors and Flavors due to the popularity of health benefits offered by natural flavors and colors and an increasing number of people opting for packaged food and beverage with a good taste and texture. All these reasons have collectively increased the usage of natural food flavors and colors in the manufacturing of a plethora of food and beverage items. Thus, increasing the growth of the Global Natural Food Colors & Flavors Market during the forecast period 2022-2027.

Global Natural Food Colors & Flavors Market Challenges

Lack of consistency in regulations Is Impeding Market Growth

Regions such as North America and Europe are the most significant markets for natural food flavors and colors. Both these regions have a unique set of rules and regulations around flavors and colors. Significant countries within these regions also have a unique set of approved or barred food flavors and colors. International bodies such as the National Food Safety and Quality Service (SENASA), Argentina; Canadian Food Inspection Agency (CFIA), Canada; Food and Drug Administration (FDA); World Health Organization (WHO); and Committee on the Environment; Public Health and Food Safety (EU) are associated with food safety and quality regulations. Organizations like this enlist their own set of rules and regulations for the usage of flavors and colors within the whole supply chain. This has led to a rise in inconsistency around the food flavors and colors category, thus, hindering the growth of the market during the forecast period 2022-2207.

Global Natural Food Colors & Flavors Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Global Natural Food Colors & Flavors Market. In 2021, the Global Natural Food Colors &Flavors Market share is consolidated by the top ten players present in the market. The Global Natural Food Colors & Flavors Market, top 10 companies include:

  1. DuPont
  2. Archer Daniels Midland.
  3. Givaudan
  4. Kerry Group, Plc
  5. International Flavors & Fragrances
  6. Mane
  7. Sensient
  8. Synergy Flavors
  9. Symrise

Recent Developments:

  • In July 2021, Chr. Hansen Natural Colors had announced the completion of its acquisition with Symrise AG's natural food coloring business. This helped Chr. Hansen brand Oterra to strengthen its natural food coloring segment.
  • In September 2020, Phytolon, an Israel-based start-up secured a funding of $4.1million approximately in the production of its natural food coloring based on fermentation technology.
  • In March 2020, IFF collaborated with Evolva, a biotech company, for the development and expansion of vanillin commercialization. Due to this agreement, IFF would be responsible for the commercialization of the vanillin product that Evolva has developed. 

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1. Global Natural Food Colors & Flavors Market- Overview
    1.1 Definitions and Scope
2. Global Natural Food Colors & Flavors Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Type
    2.3 Key trends by Form
    2.4 Key trends by Application
    2.5 Key trends by Distribution Channel
    2.6 Key trends by Geography
3. Global Natural Food Colors & Flavors Market– Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Global Natural Food Colors & Flavors Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Global Natural Food Colors & Flavors Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Global Natural Food Colors & Flavors Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Global Natural Food Colors & Flavors Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Global Natural Food Colors & Flavors Market – By Type (Market Size –$Million/$Billion)
    8.1 Flavor
        8.1.1 Natural Extracts
        8.1.2 Aroma Chemicals
        8.1.3 Essential Oils
        8.1.4 Others
    8.2 Colors
        8.2.1 Caramel
        8.2.2 Carotenoids
        8.2.3 Anthocyanins
        8.2.4 Curcumin
        8.2.5 Others
9. Global Natural Food Colors & Flavors Market – By Form (Market Size –$Million/$Billion)
    9.1 Liquid/Gels
    9.2 Dry
10. Global Natural Food Colors & Flavors Market – By Application (Market Size –$Million/$Billion)
    10.1 Food
        10.1.1 Bakery and Confectionery
        10.1.2 Dairy and Poultry
        10.1.3 Meat and Sea Food
        10.1.4 Others
    10.2 Beverages
        10.2.1 Fortified
        10.2.2 Unfortified
11. Global Natural Food Colors & Flavors Market – By Distribution Channel (Market Size –$Million/$Billion)
    11.1 Direct
    11.2 Indirect
12. Global Natural Food Colors & Flavors Market- By Geography(Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Mexico
        12.1.3 Canada
    12.2 Europe
        12.2.1 U.K.
        12.2.2 France
        12.2.3 Germany
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Global Natural Food Colors & Flavors Market- Entropy
14. Global Natural Food Colors & Flavors Market– Industry/Segment Competition Landscape Premium 
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Global Natural Food Colors & Flavors Market– Key Company List by Country Premium Premium
16. Global Natural Food Colors & Flavors Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Key Manufacturers Market 2019-2024 ($M)
1.1 Sensient Technologies Corporation Market 2019-2024 ($M) - Global Industry Research
1.2 Chr. Hansen Holding A/S Market 2019-2024 ($M) - Global Industry Research
1.3 Symrise AG Market 2019-2024 ($M) - Global Industry Research
1.4 International Flavors Fragrances Inc. Market 2019-2024 ($M) - Global Industry Research
1.5 Kerry Group Market 2019-2024 ($M) - Global Industry Research
1.6 Givaudan SA Market 2019-2024 ($M) - Global Industry Research
1.7 Royal DSM N.V. Market 2019-2024 ($M) - Global Industry Research
1.8 Archer Daniels Midland Company Market 2019-2024 ($M) - Global Industry Research
1.9 FMC Corporation Market 2019-2024 ($M) - Global Industry Research
2.Global By Animal Spices Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Animal Spices Market 2019-2024 ($M) - Global Industry Research
3.2 Plant Spices Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Sensient Technologies Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Chr. Hansen Holding A/S Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Symrise AG Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 International Flavors Fragrances Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Kerry Group Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Givaudan SA Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Royal DSM N.V. Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Archer Daniels Midland Company Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 FMC Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Animal Spices Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Animal Spices Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Plant Spices Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Sensient Technologies Corporation Market 2019-2024 ($M) - Regional Industry Research
7.2 Chr. Hansen Holding A/S Market 2019-2024 ($M) - Regional Industry Research
7.3 Symrise AG Market 2019-2024 ($M) - Regional Industry Research
7.4 International Flavors Fragrances Inc. Market 2019-2024 ($M) - Regional Industry Research
7.5 Kerry Group Market 2019-2024 ($M) - Regional Industry Research
7.6 Givaudan SA Market 2019-2024 ($M) - Regional Industry Research
7.7 Royal DSM N.V. Market 2019-2024 ($M) - Regional Industry Research
7.8 Archer Daniels Midland Company Market 2019-2024 ($M) - Regional Industry Research
7.9 FMC Corporation Market 2019-2024 ($M) - Regional Industry Research
8.North America By Animal Spices Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Animal Spices Market 2019-2024 ($M) - Regional Industry Research
9.2 Plant Spices Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Sensient Technologies Corporation Market 2019-2024 ($M) - Regional Industry Research
10.2 Chr. Hansen Holding A/S Market 2019-2024 ($M) - Regional Industry Research
10.3 Symrise AG Market 2019-2024 ($M) - Regional Industry Research
10.4 International Flavors Fragrances Inc. Market 2019-2024 ($M) - Regional Industry Research
10.5 Kerry Group Market 2019-2024 ($M) - Regional Industry Research
10.6 Givaudan SA Market 2019-2024 ($M) - Regional Industry Research
10.7 Royal DSM N.V. Market 2019-2024 ($M) - Regional Industry Research
10.8 Archer Daniels Midland Company Market 2019-2024 ($M) - Regional Industry Research
10.9 FMC Corporation Market 2019-2024 ($M) - Regional Industry Research
11.South America By Animal Spices Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Animal Spices Market 2019-2024 ($M) - Regional Industry Research
12.2 Plant Spices Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Sensient Technologies Corporation Market 2019-2024 ($M) - Regional Industry Research
13.2 Chr. Hansen Holding A/S Market 2019-2024 ($M) - Regional Industry Research
13.3 Symrise AG Market 2019-2024 ($M) - Regional Industry Research
13.4 International Flavors Fragrances Inc. Market 2019-2024 ($M) - Regional Industry Research
13.5 Kerry Group Market 2019-2024 ($M) - Regional Industry Research
13.6 Givaudan SA Market 2019-2024 ($M) - Regional Industry Research
13.7 Royal DSM N.V. Market 2019-2024 ($M) - Regional Industry Research
13.8 Archer Daniels Midland Company Market 2019-2024 ($M) - Regional Industry Research
13.9 FMC Corporation Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Animal Spices Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Animal Spices Market 2019-2024 ($M) - Regional Industry Research
15.2 Plant Spices Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Sensient Technologies Corporation Market 2019-2024 ($M) - Regional Industry Research
16.2 Chr. Hansen Holding A/S Market 2019-2024 ($M) - Regional Industry Research
16.3 Symrise AG Market 2019-2024 ($M) - Regional Industry Research
16.4 International Flavors Fragrances Inc. Market 2019-2024 ($M) - Regional Industry Research
16.5 Kerry Group Market 2019-2024 ($M) - Regional Industry Research
16.6 Givaudan SA Market 2019-2024 ($M) - Regional Industry Research
16.7 Royal DSM N.V. Market 2019-2024 ($M) - Regional Industry Research
16.8 Archer Daniels Midland Company Market 2019-2024 ($M) - Regional Industry Research
16.9 FMC Corporation Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Animal Spices Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Animal Spices Market 2019-2024 ($M) - Regional Industry Research
18.2 Plant Spices Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Sensient Technologies Corporation Market 2019-2024 ($M) - Regional Industry Research
19.2 Chr. Hansen Holding A/S Market 2019-2024 ($M) - Regional Industry Research
19.3 Symrise AG Market 2019-2024 ($M) - Regional Industry Research
19.4 International Flavors Fragrances Inc. Market 2019-2024 ($M) - Regional Industry Research
19.5 Kerry Group Market 2019-2024 ($M) - Regional Industry Research
19.6 Givaudan SA Market 2019-2024 ($M) - Regional Industry Research
19.7 Royal DSM N.V. Market 2019-2024 ($M) - Regional Industry Research
19.8 Archer Daniels Midland Company Market 2019-2024 ($M) - Regional Industry Research
19.9 FMC Corporation Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Animal Spices Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Animal Spices Market 2019-2024 ($M) - Regional Industry Research
21.2 Plant Spices Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
2.Canada Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
3.Mexico Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
4.Brazil Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
5.Argentina Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
6.Peru Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
7.Colombia Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
8.Chile Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
10.UK Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
11.Germany Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
12.France Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
13.Italy Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
14.Spain Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
16.China Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
17.India Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
18.Japan Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
19.South Korea Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
20.South Africa Global Natural Food Colors & Flavors Market Revenue, 2019-2024 ($M)
21.North America Global Natural Food Colors & Flavors By Application
22.South America Global Natural Food Colors & Flavors By Application
23.Europe Global Natural Food Colors & Flavors By Application
24.APAC Global Natural Food Colors & Flavors By Application
25.MENA Global Natural Food Colors & Flavors By Application