BURNABY, Canada, December 17, 2015 /PRNewswire/ --
Easy availability of raw material coupled with rising awareness about harmful effects of synthetic flavors and colors to drive the global natural food colors and flavors market
According to TechSci Research report, "Global Natural Food Flavors and Colors Market Opportunities & Forecast, 2020", global natural food flavors and colors market is valued at an estimated US$ 6.3 billion in 2015, on account of increasing health consciousness, growing concerns regarding the harmful effects of synthetic food flavors and colors, and rising government initiatives promoting the use of natural ingredients. In recent years, rising focus on research and development of flavors and colors and growing demand for ready-to-eat products have made natural flavors and colors an attractive proposition. Usage of food flavors and colors is growing across various applications such as beverages, bakery & confectionery, dairy products, etc., across the globe.
In 2014, the Beverages segment was the largest end-user segment for natural food flavors and colors market across the globe, followed by Bakery & Confectionary, Dairy & Frozen Products, and Meat segments. Sensient Technologies, Symrise AG, Chr.Hansen and IFF were few of the major players operating in the global natural food flavors and colors market. In 2014, North America accounted for a lion's share in the global natural food colors and flavors market. With rising health consciousness among consumers and growing awareness regarding harmful effects of synthetic food flavors and colors, Asia-Pacific is anticipated to witness the fastest growth in the global natural food flavors and colors market in the coming years.
"With the ban on trade of synthetic colors and flavors in various countries, coupled with rising demand for clean label products, the global natural food flavors and colors market is anticipated witness growth through 2020. Additionally, the most noticeable trend is comparatively higher growth in demand for natural food flavors and colors being witnessed in emerging economies such as China, India, and Saudi Arabia, among others. This trend is expected gain more traction over the course of next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Natural Food Flavors and Colors Market Opportunities & Forecast, 2020" has evaluated the future growth potential of global natural food flavors and colors market and provides statistics and information on market structure, size, share and future growth of global natural food colors and flavors market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in global natural food colors and flavors market.
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