Market Overview:
The global natural colorant and flavor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for natural colors and flavors from the food and beverage industry. The animal-derived pigment segment is projected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to the increasing demand for natural colors from meat products manufacturers, as consumers are becoming increasingly aware of the health benefits associated with consuming meat products that are colored using natural pigments. In terms of application, beverages is projected to be the fastest-growing segment during 2018–2030 owing to rising consumer preference for healthy drinks such as fruit juices, sports drinks, iced teas, etc.
Product Definition:
A natural colorant is a dye or pigment derived from a natural source. A natural flavor is the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating or enzymolysis that contributes to the taste and/or aroma of food. Natural colorants and flavors are important because they give foods their characteristic colors and flavors.
Animal-derived Pigment:
Animal-derived pigment is a type of natural colorant and flavor derived from the secretion of animal bodies, most commonly from insects. The demand for insect-derived pigments and flavors has been on a rise in food applications owing to their low cost as compared to other alternatives such as plant extracts.
The global insect-based pigments market size was valued at USD 1.07 billion in 2016, growing at an estimated CAGR of XX% over the forecast period.
Plant-derived Pigments:
Plant-derived pigments are natural colorants and flavoring agents derived from plants. The most commonly used plant-derived products include carotenoids, anthocyanin, chlorophylls, betalains and phenolic acids. These products find application in food & beverages as well as cosmetics industries.
Application Insights:
Beverages was the dominant application segment and accounted for over 40% of global revenue share in 2017. Beverages, which include soft drinks, juices, energy & sports drinks and alcoholic beverages are majorly consumed in developed regions such as North America and Europe. Rising health concerns among consumers coupled with rising awareness regarding natural colorants used by beverage manufacturers is expected to drive the demand for natural colorants over the forecast period.
The bakery sector is anticipated to witness significant growth on account of increasing consumer preference for healthy products that do not contain added colors or flavors. The confectionery industry also exhibits promising growth prospects due to growing consumption of chocolates worldwide along with other sweets including gum arabic, carmine (natural red coloring), beetroot juice powder (for making red licorice) and raspberry ketones among others by young adults who prefer sweet flavors over salty or bitter ones.
Regional Analysis:
North America dominated the global market in 2017, accounting for over 35.0% share of the total revenue. The U.S., which is one of the largest consumers of natural colors and flavors worldwide, has witnessed a significant increase in demand owing to growing consumer awareness regarding health and nutritional benefits associated with natural products over synthetic counterparts. Furthermore, increasing penetration of organic foods across this region is expected to further fuel growth during the forecast period.
Asia Pacific was estimated as the second-largest regional market in 2017 due to high product demand from countries such as China.
Growth Factors:
- Increasing demand for natural colorants and flavors in food and beverage industry as consumers shift towards healthy and organic products.
- Growing awareness about the benefits of natural colorants and flavors among consumers, especially in developed countries.
- Rising demand for functional foods and beverages that contain natural colorants and flavors to meet the health needs of consumers.
- Proliferation of new product launches containing natural colorants and flavors by food manufacturers to cater to the increasing demand from consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Colorant and Flavor Market Research Report
By Type
Animal-derived Pigment, Plant-derived Pigments, Chlorophyll, Polyphenols, Others
By Application
Beverages, Bakery, Confectionery, Dairy & frozen, Meat products, Others
By Companies
BASF, Takasago, Royal, Chr.Hansen, D.D. Williamson, Firmenich, Givaudan, Sensient Technologies, Sethness, Aarkay Food, Allied Biotech, David Michael, Fiorio Colori, Flavorchem, FMC, Frutarom, GNT, LycoRed, Mane, Naturex, Pronex, Robertet, Roha Dyechem, Royal, San-Ei Gen, Symrise, T. Hasegawa, Wild Flavors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Natural Colorant and Flavor Market Report Segments:
The global Natural Colorant and Flavor market is segmented on the basis of:
Types
Animal-derived Pigment, Plant-derived Pigments, Chlorophyll, Polyphenols, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Beverages, Bakery, Confectionery, Dairy & frozen, Meat products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Takasago
- Royal
- Chr.Hansen
- D.D. Williamson
- Firmenich
- Givaudan
- Sensient Technologies
- Sethness
- Aarkay Food
- Allied Biotech
- David Michael
- Fiorio Colori
- Flavorchem
- FMC
- Frutarom
- GNT
- LycoRed
- Mane
- Naturex
- Pronex
- Robertet
- Roha Dyechem
- Royal
- San-Ei Gen
- Symrise
- T. Hasegawa
- Wild Flavors
Highlights of The Natural Colorant and Flavor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Animal-derived Pigment
- Plant-derived Pigments
- Chlorophyll
- Polyphenols
- Others
- By Application:
- Beverages
- Bakery
- Confectionery
- Dairy & frozen
- Meat products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Natural Colorant and Flavor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Natural colorant and flavor are substances that are found in foods naturally. These substances can be used to give foods a particular color or flavor.
Some of the major players in the natural colorant and flavor market are BASF, Takasago, Royal, Chr.Hansen, D.D. Williamson, Firmenich, Givaudan, Sensient Technologies, Sethness, Aarkay Food, Allied Biotech, David Michael, Fiorio Colori, Flavorchem, FMC, Frutarom, GNT, LycoRed, Mane, Naturex, Pronex, Robertet, Roha Dyechem, Royal, San-Ei Gen, Symrise, T. Hasegawa, Wild Flavors.
The natural colorant and flavor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural Colorant and Flavor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Natural Colorant and Flavor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Natural Colorant and Flavor Market - Supply Chain
4.5. Global Natural Colorant and Flavor Market Forecast
4.5.1. Natural Colorant and Flavor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Colorant and Flavor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Colorant and Flavor Market Absolute $ Opportunity
5. Global Natural Colorant and Flavor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Natural Colorant and Flavor Market Size and Volume Forecast by Type
5.3.1. Animal-derived Pigment
5.3.2. Plant-derived Pigments
5.3.3. Chlorophyll
5.3.4. Polyphenols
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Colorant and Flavor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Natural Colorant and Flavor Market Size and Volume Forecast by Application
6.3.1. Beverages
6.3.2. Bakery
6.3.3. Confectionery
6.3.4. Dairy & frozen
6.3.5. Meat products
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Colorant and Flavor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Natural Colorant and Flavor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Natural Colorant and Flavor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Natural Colorant and Flavor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Natural Colorant and Flavor Demand Share Forecast, 2019-2029
9. North America Natural Colorant and Flavor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Natural Colorant and Flavor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Natural Colorant and Flavor Market Size and Volume Forecast by Application
9.4.1. Beverages
9.4.2. Bakery
9.4.3. Confectionery
9.4.4. Dairy & frozen
9.4.5. Meat products
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural Colorant and Flavor Market Size and Volume Forecast by Type
9.7.1. Animal-derived Pigment
9.7.2. Plant-derived Pigments
9.7.3. Chlorophyll
9.7.4. Polyphenols
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Natural Colorant and Flavor Demand Share Forecast, 2019-2029
10. Latin America Natural Colorant and Flavor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Natural Colorant and Flavor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Natural Colorant and Flavor Market Size and Volume Forecast by Application
10.4.1. Beverages
10.4.2. Bakery
10.4.3. Confectionery
10.4.4. Dairy & frozen
10.4.5. Meat products
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural Colorant and Flavor Market Size and Volume Forecast by Type
10.7.1. Animal-derived Pigment
10.7.2. Plant-derived Pigments
10.7.3. Chlorophyll
10.7.4. Polyphenols
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Natural Colorant and Flavor Demand Share Forecast, 2019-2029
11. Europe Natural Colorant and Flavor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Natural Colorant and Flavor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Natural Colorant and Flavor Market Size and Volume Forecast by Application
11.4.1. Beverages
11.4.2. Bakery
11.4.3. Confectionery
11.4.4. Dairy & frozen
11.4.5. Meat products
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Colorant and Flavor Market Size and Volume Forecast by Type
11.7.1. Animalderived Pigment
11.7.2. Plant-derived Pigments
11.7.3. Chlorophyll
11.7.4. Polyphenols
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Natural Colorant and Flavor Demand Share, 2019-2029
12. Asia Pacific Natural Colorant and Flavor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Natural Colorant and Flavor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Natural Colorant and Flavor Market Size and Volume Forecast by Application
12.4.1. Beverages
12.4.2. Bakery
12.4.3. Confectionery
12.4.4. Dairy & frozen
12.4.5. Meat products
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural Colorant and Flavor Market Size and Volume Forecast by Type
12.7.1. Animal-derived Pigment
12.7.2. Plant-derived Pigments
12.7.3. Chlorophyll
12.7.4. Polyphenols
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Natural Colorant and Flavor Demand Share, 2019-2029
13. Middle East & Africa Natural Colorant and Flavor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Natural Colorant and Flavor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Natural Colorant and Flavor Market Size and Volume Forecast by Application
13.4.1. Beverages
13.4.2. Bakery
13.4.3. Confectionery
13.4.4. Dairy & frozen
13.4.5. Meat products
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural Colorant and Flavor Market Size and Volume Forecast by Type
13.7.1. Animal-derived Pigment
13.7.2. Plant-derived Pigments
13.7.3. Chlorophyll
13.7.4. Polyphenols
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Natural Colorant and Flavor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Natural Colorant and Flavor Market: Market Share Analysis
14.2. Natural Colorant and Flavor Distributors and Customers
14.3. Natural Colorant and Flavor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Takasago
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Royal
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chr.Hansen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. D.D. Williamson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Firmenich
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Givaudan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sensient Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sethness
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Aarkay Food
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Allied Biotech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. David Michael
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fiorio Colori
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Flavorchem
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. FMC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Frutarom
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. GNT
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. LycoRed
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Mane
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Naturex
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
