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Market Growth of Natural and Organic Flavors

Natural and Organic Flavors Market | the plant and botanical segment is also projected to exhibit favorable growth over the forecast period.
Global Market Study on Natural and Organic
Flavors: Rising Health Consciousness among
Consumers Expected to Boost Market Growth
R e s e a r c h
Report Media Releases
Natural and Organic Flavors Market Revenue Expected to
Increase to US$ 8,259.2 Mn by 2024; Growing Consumer
Inclination Towards Natural and Organic Products Likely
to Fuel Growth
According to the latest market report published by Persistence Market Research titled “Natural
and Organic Flavors Market: Global Industry Analysis and Forecast, 2016–2024”, globally, the
revenue generated from the sales of natural and organic flavors is estimated to be valued at US$
M a r k e t
4,608.6 Mn by 2016 end, and is expected to increase at a CAGR of 7.6% during the forecast
period (2016–2024).
Increasing health consciousness among consumers, rapid urbanization, introduction of new
flavors with more sensational taste, growing disposable income, and increasing emphasis on
uniqueness in taste in processed food and beverages products are some of the key trends in the
global natural and organic flavors market.
The global natural and organic flavors market is segmented by flavor, product, source, and
application type. North America, Latin America, Europe, Asia Pacific (APAC), and Middle East
and Africa (MEA) are the key regions covered in this report.
P e r s i s t e n c e
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On the basis of source, fruits and fruits juices remain a key source for natural and organic
flavors. The segment is expected to dominate the market, accounting for a share of 56.2% in
2016. The plants & botanicals segment is estimated to be the second-largest in terms of
revenues. This segment is further divided into spices, herbs, and others (including bark, bud,
root, leaf etc.); the spices sub-segment is anticipated to witness a high growth rate in 2016, with
overall revenues growing by 7.3%.
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On the basis of flavor type, the natural flavor segment is estimated to hold the highest value
share in the global natural and organic flavors market, accounting for 96.2% revenue share in
2015. The segment is expected to maintain its dominance throughout the forecast period.
Global Natural and Organic Flavors Market 2016-2024
R e s e a r c h
In terms of volume consumption, Asia Pacific is consider to be the fastest growing market, and is
expected to witness a growth rate of 8.3% in 2016. This is mainly attributed to factors such as
increasing applications in beverages, confectionaries, and savories end use products during the
forecast years 2016-2024.
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Key participants profiled in the global natural and organic flavors market report include Givaudan
S.A., International flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International
Corporation, Sensient Technologies Corporation, Kerry Group Plc., Frutarom Industries Ltd.,
Limited, T. Hasegawa Co., Ltd, Koninklijke DSM NV, Axxence Aromatic GmbH, GOLD COAST
INGREDIENTS, INC., Zymus International Ltd, Treatt Plc, Blue Specific Flavors, Inc., and
P e r s i s t e n c e
M a r k e t
Robertet SA, Archer Daniels Midland Company, Döhler GmbH, Huabao International Holdings
Global Natural and Organic Flavors Market 2016-2024
R e s e a r c h
M a r k e t
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Global Natural and Organic Flavors Market 2016-2024
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