MRRSE has added a new research report on the "Global Market Study on Natural and Organic Flavors: Rising Health Consciousness Among Consumers Expected to Boost Market Growth" to its collection.

1. Natural and Organic Flavors Market to reach US$ 8,259.2 Mn
by 2024 Research Report
Report Description
In terms of value, the global natural and organic flavors
market is expected to expand at a CAGR of 7.6% during the
forecast period (2016–2024) and reach US$ 8,259.2 Mn by

2. 2024 end. Asia Pacific is projected to be the fastest growing
market over the forecast period in terms of volume. The
significant growth of the North America and Europe market is
mainly attributed to an increase in the global volume of
natural and organic flavors. On the basis of source, the fruits
& fruit juice segment accounted for the largest market share
of over 50% revenue share of the overall market in 2014,
and is projected to maintain its dominance throughout the
forecast period.
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Market dynamics

3. Increasing health consciousness among consumers, rapid
urbanization, introduction of new flavors with more
sensational taste, growing disposable income, and increasing
emphasis on uniqueness in taste with patent in processed
food and beverages products are a few of the key trends in
the global natural and organic flavors market.
Market forecast
In 2015, Europe was the dominating market in the fruits &
fruit juice segment followed by North America. This is
attributed to consumer preference for ready to drink (RTD)
fruit drinks, with natural ingredients. Berries and citrus sub-

4. segments accounted for significant value share among the
fruits & fruit juice sub segment. The edible yeast sub-segment
contributes healthy revenue to the dairy segment. The plant
and botanical segment is also projected to exhibit favorable
growth over the forecast period.
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On the basis of regions, Europe is expected to dominate the
global natural and organic flavors market, accounting for
significant value share of the overall market. Also, Europe is
expected to maintain its dominance over the forecast period
as well. In terms of volume, the market in Asia Pacific is

5. projected to be the fastest growing market during the forecast
period. Global natural and organic flavors market is a
consolidated market, where top five companies hold
significant market share. In terms of value, the top ten
companies accounted for majority market share in 2015.
Currently, natural and organic flavors manufacturing
companies are adopting advanced and upgraded version of
technologies. Technological advancement is helping companies
increase their revenues by increasing the efficiency of natural
and organic flavor production. With the introduction of spicy
flavors in different edible products, the ample opportunities
are unfolded for companies engaged in food related business
including natural and organic flavor manufacturers. Average

6. net profit margin of the natural and organic flavors industry
is around 15%-20%.
The price range for natural and organic flavors is expected to
fluctuate between 2016 and 2024 due to factors such as
varying production, demand, end stock, import and exports
of natural and organic flavors. However, the spices sub-
segment is expected to expand at the highest CAGR of 8.1%
during the forecast period, followed by the herbs sub-
segment. The fruits & fruits juice and plant & botanical
segments are anticipated to be the highest revenue generating
segments during the forecast period. On the basis of flavor
type, the natural flavor segment accounted for comparatively
higher revenue share in the global natural and organic

7. flavors market and is expected to maintain its dominance
through 2024.
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The essential oils segment is estimated to account for the
highest value share by the end of 2016 and is expected to
maintain its dominance throughout the forecast period.
Increasing application of essential oils in processed food
products and beverages are expected to drive growth of
essential oils segment during the forecast period. Owing to
increasing applications of From The Named Fruit (FTNF) in

8. beverage, the FTNF segment is expected to grow healthy
during the forecast period.
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