MarkNtel Advisors analyses the growth rate of the Non-natural Flavoring Agents market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Non-natural Flavoring Agents market, helping them make informed decisions.
Market Outlook – 2023-2028:
The Global Non-natural Flavoring Agents Market is projected to grow at a CAGR of around 5.23% during the forecast period, i.e., 2023-28. The prominent factor attributed to the demand for non-natural flavoring agents has been the rising inclination of the millennials & young population of the regions such as the Middle East, Asia-Pacific, etc., to opt for fruit juices, vegetable juices, savory snacks, etc., enhanced with added flavors with better taste.
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Key Company Profiles
This report explores recent significant developments in the Non-natural Flavoring Agents Market, focusing on the leading companies and their innovative profiles. The major players in the Non-natural Flavoring Agents Market, featured in this report, include:
- Givaudan
- Keva Flavours Pvt. Ltd.
- Elan Chemical
- Synergy Flavors, Inc.
- Weber Flavors
- International Flavors & Fragrances, Inc.
- Firmenich SA.
- Robertet Group
- HASEGAWA CO., LTD.
- Symrise AG
- MANE
- Takasago International Corporation
- MTC-SO d.o.o.
- McCormick & Company, Inc.
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Non-natural Flavoring Agents Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Flavor Type
- Plants
- Fruits
- Vegetables
- Herbs & Spices
- Others (Nuts, etc.)
- Animals
- Dairy
- Meat
- Beef
- Chicken
- Fish
- Egg
- Others (Lamb Meat, etc.)
- By Form
- Liquid
- Powder
- Others (Paste, Emulsion, etc.)
- Plants
The Liquid form of non-natural flavoring agents captured a sizeable share in the Global Non-Natural Flavoring Market over the last few years.
- By End Users
- Beverages
- Bakery
- Confectionery Items
- Snacks, Soups & Sauces
- Dairy and Frozen Products
- Pharmaceuticals & Dietary Supplements
- Animal and Pet Foods
- Others (Food Processing, Seasonings, etc.)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
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What are the primary factors driving the growth of the Global Non-natural Flavoring Agents Market?
Rising Propensity of the Customers to Opt for Exotic & Aromatic Foods to Fuel the Market Growth
The demand for non-natural flavoring agents has been significantly rising in various parts of the world specifically in nations such as India, Egypt, the Philippines, Saudi Arabia, the UAE, etc., owing to the growing adoption of exotic and aromatic food items. Additionally, the rising shift of customers in these regions to try delicious food as well as change in lifestyle remains the major reason behind the notable usage of non-natural flavoring agents by food & beverage manufacturers.
Moreover, the growing tourism in Middle Eastern countries like Qatar, Saudi Arabia, and the UAE, have also been resulting in the considerable usage of non-natural flavoring agents by the manufacturers of ice cream, sweet, soups & sauces, etc., to please tourists. For instance, as per the ‘Government of Dubai’, tourism in the UAE ramped up by 32% in 2021 in comparison with 2020. Whereas in Qatar, tourism grew by 5% in 2021 in comparison to 2020 reported by the government of Qatar.
Therefore, the rising influx of tourism in the regions like the Middle East, Asia Pacific, etc., along with the growing preferences by consumers to opt for food items enriched with exotic flavors are predicted to amplify the growth of the Global Non-Natural Flavoring market in the coming years.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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