MarkNtel Advisors presents a comprehensive research report on the Non-Natural Flavoring Agents Market Size, Share, Analysis, Future expected to reach CAGR of 5.23% by 2028. Delving into a thorough analysis of the industry's changing dynamics, growth drivers, challenges, key trends, and lucrative opportunities. This study aims to provide stakeholders in the market with detailed insights, enabling them to make informed and strategic decisions that will yield higher revenues in the coming years. With a focus on delivering value, the report covers a wide range of aspects, ensuring a holistic understanding of the market landscape.
Unlocking Market Insights: Exploring Key Aspects in the Non-Natural Flavoring Agents Market Report (2023-2028)
- It analyzes the fluctuations in revenue across different segments and geographical regions, considering the evolving trends and purchasing patterns of end-users.
- The report highlights key developments, including the introduction of new services, expansion of product portfolios, revenue generation strategies of major players, stakeholder investments, and the role of governments.
- Additionally, it offers an unbiased overview of market trends, innovations, technological advancements, and fluctuations, as observed by industry experts.
- To ensure reliable data generation and analysis, the report utilizes tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE (Political, Economic, Social, Technological, Legal, and Environmental) analysis.
- The competitive landscape section of the report showcases the dynamic strategies employed by leading players to enhance profit margins and expand their market presence across different regions.
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Market Dynamic
Significant Driver: 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.
Possible Restraint: Health Concerns Among Individuals Related to Chemical Additives in Food Products to Restrict the Growth
Some of the negative impacts of consuming non-natural flavoring agents on health such as allergic reactions, asthmatic symptoms, fatigue, nausea, etc., have been limiting the market growth. In line with this, the negative side effects of consuming non-natural flavoring agents insisted that food drug regulatory authorities remove some of the non-natural flavors from the market. For instance, in 2018, the US Food Drug Administration announced to remove of six non-natural flavoring substances from the market which include synthetically-derived benzophenone, ethyl acrylate, eugenyl methyl ether (methyl eugenol), myrcene, pulegone, and pyridine. As these food additives have been found to induce cancer in humans or animals at any dose.
Therefore, the rising health concerns among individual users related to consuming chemical additives in food beverages are estimated to pose a challenge to the Global Non-Natural flavoring agent market in the forthcoming period.
Growth Opportunity: Rising Usage of Non-natural Flavors in Animal Pet Foods
The growing usage of non-natural flavors in animal pet food, such as cat food, dog food, etc., is expected to create lucrative opportunities for the demand for non-natural flavoring agents worldwide. The surging proclivity of customers towards the care of their animal pets like cats, dogs, etc., by providing them delicious foods as per their tastes smell has also been supporting the demand for animal-type non-natural flavoring agents.
Further, the growing trend of adopting animals as a pet in the countries like Brazil, India, Indonesia, Argentina, etc., are also creating an immense requirement for animal pet food products., thus resulting in the increased production of animal pet foods, thereby supporting the growth of the global market from 2023 to 2028.
Key Trend: Emerging Usage of Non-natural Flavoring Agents in Readymade Processed Meat to Propagate the Market
In Asian countries such as China, Japan, Singapore, etc., the usage of a non-natural flavoring agent like monosodium glutamate has been observed as a trending flavor in processed meats such as beef jerky, sausages, smoked meats, meat snack sticks, etc. As these countries are mainly known for the massive consumption of processed meats. This emerging practice of adding non-natural flavoring agents in processed meats would likely support the market in the upcoming years.
The competitive landscape of the Europe Probiotic Supplements Market depicts the dynamic scenario among industry players, highlighting their market positions, strategies, and initiatives. It encompasses an analysis of key competitors, their strengths, weaknesses, opportunities, and threats (SWOT analysis). The report also sheds light on the market share, product offerings, business expansion, collaborations, mergers and acquisitions, and other strategic activities undertaken by these players to gain a competitive edge. Additionally, it examines the competitive intensity, market barriers, and potential entry of new players, providing a comprehensive understanding of the market's competitive landscape.
-Givaudan
-Keva Flavours Pvt. Ltd.
-Elan Chemical
-Synergy Flavors, Inc.
-Weber Flavors
-International Flavors Fragrances, Inc.
-Firmenich SA.
-Robertet Group
-T.HASEGAWA CO., LTD.
-Symrise AG
-MANE
-Takasago International Corporation
-MTC-SO d.o.o.
-McCormick Company, Inc.
-Others
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Segmentation Unveiled: Analyzing Non-Natural Flavoring Agents Market's Expansion and Mapping Demand, and Distribution across Geographies
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.)
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.)
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On the geographical front, the Non-Natural Flavoring Agents Market expands across:
By Region
-North America
-South America
-Europe
-The Middle East Africa
-Asia Pacific
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