Global Natural Flavors Market Size & Outlook
The natural flavors industry worldwide is expected to reach a projected revenue of US$ 10,543.7 million by 2030. A compound annual growth rate of 7.4% is expected of the worldwide natural flavors industry from 2024 to 2030.
Revenue, 2023 (US$M)
$6,397.9
Forecast, 2030 (US$M)
$10,543.7
CAGR, 2024 - 2030
7.4%
Report Coverage
Worldwide
Global natural flavors market, 2018-2030 (US$M)
Related Markets
Global natural flavors market highlights
- The global natural flavors market generated a revenue of USD 6,397.9 million in 2023 and is expected to reach USD 10,543.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.4% by 2030.
- In terms of segment, powder accounted for a revenue of USD 4,242.5 million in 2023.
- Powder is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 6,397.9 million |
| Market revenue in 2030 | USD 10,543.7 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Powder |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Liquid/Gel |
Other key industry trends
- In terms of revenue, the North America accounted for 24.8% of the global natural flavors market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 175.8 million by 2030.
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Natural Flavors Market Scope
Natural flavors market segmentation & scope
Others
Others
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Natural Flavors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global natural flavors market outlook
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 market will help companies and investors design strategic landscapes.
powder was the largest segment with a revenue share of 66.31% in 2023. Horizon Databook has segmented the Global natural flavors market based on powder, liquid/gel covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Natural Flavors Form Outlook (Revenue, USD Million, 2018-2030)
- Powder
- Liquid/Gel
- Global Natural Flavors Application Outlook (Revenue, USD Million, 2018-2030)
- Food
- Dairy Products
- Bakery & Confectionery
- Supplements & Nutrition Products
- Meat & Seafood Products
- Snacks
- Pet Foods
- Sauces, Dressings & Condiments
- Others
- Beverages
- Juice & Juice Concentrates
- Functional Beverages
- Alcoholic Beverages
- Carbonated Soft Drinks
- Others
- Others
- Food
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Target buyers of Global natural flavors market databook
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Our clientele includes a mix of natural flavors market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global natural flavors market , including forecasts for subscribers. This global databook contains high-level insights into Global natural flavors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global natural flavors market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Natural flavors market size, 2023 (USD Million)
Top 10 countries: Natural flavors market size, 2023 (USD Million)
Global natural flavors market, by region, 2023 (US$M)
Related regional statistics
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