Global Natural Flavors Market Size & Outlook, 2023-2030
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 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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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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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 size, by regions, 2018-2030 (US$M)
Top 10 countries: Natural flavors market size, 2023 (US$M)
Global natural flavors market share, by form, 2023 & 2030 (%, US$M)
Natural flavors market: Opportunity assessment by country
Global natural flavors market, by region, 2023 (US$M)
| Form | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,217.7 | 1,279.0 | 1,345.0 | 1,417.0 | 1,496.6 | 1,584.5 | 1,682.0 | 1,789.5 | 1,907.3 | 2,035.0 | 2,171.9 | 2,316.3 | 2,467.6 | 6.5% |
| Europe | 1,090.4 | 1,151.3 | 1,216.8 | 1,288.2 | 1,366.9 | 1,453.7 | 1,549.8 | 1,655.6 | 1,771.6 | 1,897.4 | 2,032.5 | 2,175.2 | 2,325.2 | 6.9% |
| Asia Pacific | 1,614.6 | 1,725.0 | 1,844.8 | 1,976.5 | 2,122.1 | 2,283.7 | 2,463.6 | 2,663.2 | 2,883.6 | 3,125.2 | 3,387.7 | 3,669.0 | 3,969.1 | 8.2% |
| Latin America | 476.4 | 505.9 | 537.9 | 572.9 | 611.4 | 654.0 | 701.3 | 753.5 | 810.9 | 873.6 | 941.2 | 1,013.1 | 1,089.2 | 7.6% |
| MEA | 310.4 | 329.0 | 349.1 | 371.1 | 395.3 | 422.0 | 451.6 | 484.2 | 520.1 | 559.1 | 601.1 | 645.7 | 692.7 | 7.3% |
| Overall | 4,709.5 | 4,990.2 | 5,293.6 | 5,625.6 | 5,992.2 | 6,397.9 | 6,848.3 | 7,346.1 | 7,893.5 | 8,490.2 | 9,134.3 | 9,819.2 | 10,543.7 | 7.4% |
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