Global Natural Food Colors & Flavors Market is Projected to Reach USD 7.79 Billion by 2020

Date: 2015-09-22

“The global natural food colors & flavors market is projected to grow significantly from an estimated value of USD 5.19 billion in 2015 to USD 7.79 billion by 2020 at a CAGR of 7.0% from 2015 to 2020. The growth in this market is driven by the continuous growth in the food & beverages industry, increasing use of naturally derived food products, and the increasing health concerns of consumers. 

The North American market will register the highest growth by 2020 owing to the significant increase in the awareness level in consumers for health and increasing demand for healthy and clean-label food products. 

The additional health benefits of certain natural food colors & flavors, advanced technological innovation, and strict regulations regarding the inclusion of synthetic colors & flavors are expected to drive the market for natural food colors & flavors globally. In addition to this, key factors such as ill-effects of artificial colors & flavors and the presence of modernized retail chains in emerging markets supports the growth in the natural food colors & flavors market in the forthcoming years.

Major natural food colors & flavors companies such as Sensient Technologies Corporation  (U.S.), Chr. Hansen Holding A/S (Denmark), Symrise AG (Germany), International Flavors & Fragrances Inc. (U.S.), Kerry Group Plc. (Ireland), Givaudan SA (Switzerland), Royal DSM N.V. (The Netherlands), Archer Daniels Midland Company (U.S.), and FMC Corporation (U.S.) have been profiled in it. 


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