Market revenue in 2022 | USD 46.1 million |
Market revenue in 2030 | USD 54.9 million |
Growth rate | 2.2% (CAGR from 2022 to 2030) |
Largest segment | Essential oils |
Fastest growing segment | Essential Oils |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Essential Oils, Oleoresins |
Key market players worldwide | MANE, Blue Pacific Solar, Biolandes, Young Living, Basf SE, Symrise AG, Falcon Oil & Gas Ltd, DSM Firmenich AG, Givaudan SA, International Flavors & Fragrances Inc, Flavex Naturextrakte, Sensient Technologies Corp, Takasago International Corp, T Hasegawa Co Ltd, Robertet SA, McCormick & Co Inc, Kerry Group PLC Class A |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to natural flavors and fragrances market will help companies and investors design strategic landscapes.
Essential oils was the largest segment with a revenue share of 84.6% in 2022. Horizon Databook has segmented the Colombia natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in demand for natural flavors and fragrances in Colombia is expected to propel further over the forecast period due to rising application in bakery and confectionery products. The most commonly used natural flavors are vanilla and coffee.
Additionally, the availability of specific raw materials to produce natural flavors has benefitted the country. According to Trade Map data, Colombia was the 3rd largest coffee exporter in the world. As a result, natural coffee flavors are extensively used throughout the country in many food and beverage preparations. Such factors are responsible for the growth of market in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Colombia natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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