India Natural Flavors Market Size & Outlook, 2023-2030

The natural flavors market in India is expected to reach a projected revenue of US$ 1,198.9 million by 2030. A compound annual growth rate of 9.3% is expected of India natural flavors market from 2024 to 2030.
Revenue, 2023 (US$M)
$641.6
Forecast, 2030 (US$M)
$1,198.9
CAGR, 2024 - 2030
9.3%
Report Coverage
India

India natural flavors market highlights

  • The India natural flavors market generated a revenue of USD 641.6 million in 2023 and is expected to reach USD 1,198.9 million by 2030.
  • The India market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
  • In terms of segment, powder was the largest revenue generating form in 2023.
  • Powder is the most lucrative form segment registering the fastest growth during the forecast period.


Natural flavors market data book summary

Market revenue in 2023USD 641.6 million
Market revenue in 2030USD 1,198.9 million
Growth rate9.3% (CAGR from 2023 to 2030)
Largest segmentPowder
Fastest growing segmentPowder
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPowder, Liquid/Gel
Key market players worldwideParker Hannifin Corp, Donaldson Co Inc, Cummins Inc, MAHLE, Biolandes, Basf SE, Symrise AG, DSM Firmenich AG, Givaudan SA, International Flavors & Fragrances Inc, Sensient Technologies Corp, Takasago International Corp, T Hasegawa Co Ltd, Robertet SA, McCormick & Co Inc, Kerry Group PLC Class A, MANE, Kava Alesio, DohlerGroup, Falcon Distribution, Blue Pacific Flavors, Stringer Flavour, DoTERRA, Flavex Naturextrakte, Universal Oleoresins, ADM


Other key industry trends

  • In terms of revenue, India accounted for 10.0% of the global natural flavors market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China natural flavors market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,198.9 million by 2030.

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Natural Flavors Market Companies

Name Profile # Employees HQ Website

India 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 68.17% in 2023. Horizon Databook has segmented the India natural flavors market based on powder, liquid/gel covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the India natural flavors market , including forecasts for subscribers. This country databook contains high-level insights into India natural flavors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India natural flavors market size, by form, 2018-2030 (US$M)

India Natural Flavors Market Outlook Share, 2023 & 2030 (US$M)

India natural flavors market size, by form, 2018-2030 (US$M)

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