Global Natural Food Colours and Flavours Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Natural Food Colours and Flavours Market is estimated to be USD 5.95 billion in 2016 and predicted to rise to USD 8.34 billion by 2021 with a CAGR of 7.0%. The market is segmented by Food Colour Type (Caramel, Carotenoids and Anthocyanins), by Food Flavour Type (Natural Extracts, Aroma Chemicals and Essential oils) and by Applications (Beverages, Dairy and Frozen Products, Fruits and Vegetables, Processed Food, Meat Products, Bakery and Confectionary and Oil and Fat). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Primary factors accounted for driving the market are increasing popularity for natural and clean labelled food and beverage products, growing awareness regarding health concerns caused by using artificial flavourings and colours, additional health benefits offered by some of the natural colouring and flavouring agents. However, expensive raw material costs and stringent regulatory framework are the factors hindering the growth of market.
Based on applications beverage segment holds the major share in the market due to increasing applications in this segment, increased consumption of beverages containing natural products while processed food segment is expected to grow at a higher CAGR due to increasing demand for processed food and increasing awareness regarding ill-effects caused by artificial additives.
North America is leading the market regionally, due to presence of market leaders and increasing popularity regarding the health benefits of Natural Food Colours and Flavours among individuals. Asia Pacific is expected to grow the fastest owing to its increasing disposable income, growing government initiatives to manufacture Natural Food Colours and Flavours and growing adoption rate.
Some of the key players dominating this market include Sensient Technologies Corporation, Chr. Hansen Holding A/S, Symrise AG, International Flavors & Fragrances Inc., Kerry Group Plc., Givaudan SA, Royal DSM N.V., Archer Daniels Midland Company, Roha Dye Chem Pvt. Ltd, and FMC Corporation.
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