Table of Content

1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.3 MARKET SEGMENTATION 32
FIGURE 1 NATURAL FOOD COLORS & FLAVORS MARKET: MARKET SEGMENTATION 33
1.4 REGIONS COVERED 34
1.5 PERIODIZATION CONSIDERED FOR THE STUDY 34
1.6 CURRENCY CONSIDERED 35
TABLE 1 US DOLLAR EXCHANGE RATES CONSIDERED, 2015–2019 35
1.7 UNITS CONSIDERED 35
1.8 STAKEHOLDERS 36
1.9 SUMMARY OF CHANGES 36

2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 2 NATURAL FOOD COLORS & FLAVORS MARKET: RESEARCH DESIGN 37
2.1.1 SECONDARY DATA 38
2.1.1.1 Key Data from Secondary Sources 38
2.1.2 PRIMARY DATA 39
2.1.2.1 Key Data from Primary Sources 39
2.1.2.2 Breakdown of Primaries 39
2.2 MARKET SIZE ESTIMATION 40
2.2.1 BOTTOM-UP APPROACH 41
2.2.2 TOP-DOWN APPROACH 41
2.3 DATA TRIANGULATION 42
FIGURE 3 DATA TRIANGULATION METHODOLOGY 42
2.4 ASSUMPTIONS FOR THE STUDY 43
2.5 LIMITATIONS OF THE STUDY 44
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 44
2.6.1 SCENARIO-BASED MODELLING 45
2.7 COVID-19 HEALTH ASSESSMENT 45
FIGURE 4 COVID-19: THE GLOBAL PROPAGATION 45
FIGURE 5 COVID-19 PROPAGATION: SELECT COUNTRIES 46
2.8 COVID-19 ECONOMIC ASSESSMENT 47
FIGURE 6 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 47
2.8.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 48
FIGURE 7 CRITERIA IMPACTING THE GLOBAL ECONOMY 48
FIGURE 8 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 49

3 EXECUTIVE SUMMARY 51
FIGURE 9 NATURAL FOOD COLORS MARKET SIZE, BY TYPE,
2020 VS. 2025 (USD MILLION) 53
FIGURE 10 NATURAL FOOD FLAVORS MARKET SIZE, BY TYPE,
2020 VS. 2025 (USD MILLION) 54
FIGURE 11 NATURAL FOOD COLORS & FLAVORS MARKET SHARE (VALUE),
BY REGION, 2019 55

4 PREMIUM INSIGHTS 56
4.1 BRIEF OVERVIEW OF THE NATURAL FOOD COLORS & FLAVORS MARKET 56
FIGURE 12 GROWING DEMAND FOR CLEAN LABEL IS PROJECTED TO DRIVE THE GROWTH OF THE NATURAL FOOD COLORS & FLAVORS MARKET 56
4.2 NATURAL FOOD COLORS & FLAVORS: MAJOR REGIONAL SUBMARKETS 57
FIGURE 13 US HELD THE LARGEST SHARE GLOBALLY FOR NATURAL FOOD COLORS & FLAVORS IN 2019 57
4.3 EUROPE: NATURAL FOOD COLORS & FLAVORS MARKET, BY APPLICATION AND KEY COUNTRY 58
FIGURE 14 GERMANY ACCOUNTED FOR THE LARGEST SHARE IN THE EUROPEAN MARKET IN 2019 58
4.4 NATURAL FOOD COLORS & FLAVORS MARKET, BY REGION 59
FIGURE 15 EUROPE IS PROJECTED TO DOMINATE THE NATURAL FOOD COLORS & FLAVORS MARKET, 2020 VS. 2025 59
4.5 NATURAL FOOD COLORS MARKET, BY FORM 59
FIGURE 16 LIQUID & GEL FORM IS PROJECTED TO DOMINATE THE NATURAL FOOD COLORS MARKET, 2020 VS. 2025 59
4.6 NATURAL FOOD FLAVORS MARKET, BY FORM 60
FIGURE 17 LIQUID & GEL FORM IS PROJECTED TO DOMINATE THE NATURAL FOOD FLAVORS MARKET, 2020 VS. 2025 60
4.7 NATURAL FOOD COLORS MARKET, BY TYPE 61
FIGURE 18 CARAMEL IS PROJECTED TO DOMINATE THE NATURAL FOOD COLORS MARKET, 2020 VS. 2025 61
4.8 NATURAL FOOD FLAVORS MARKET, BY TYPE 62
FIGURE 19 NATURAL EXTRACTS PROJECTED TO DOMINATE THE NATURAL FOOD FLAVORS MARKET, 2020 VS. 2025 62

5 MARKET OVERVIEW 63
5.1 INTRODUCTION 63
5.2 MARKET DYNAMICS 64
FIGURE 20 NATURAL FOOD COLORS & FLAVORS: MARKET DYNAMICS 64
5.2.1 DRIVERS 64
5.2.1.1 Growth in the demand for natural and clean label products 64
FIGURE 21 US: CONSUMER PREFERENCE FOR CLEAN-LABEL PRODUCTS AND INGREDIENTS, 2015 65
5.2.1.2 High demand for natural food ingredients owing to the rising instances of chronic diseases 65
FIGURE 22 PERCENTAGE OF THE US POPULATION WITH MULTIPLE CHRONIC ILLNESSES, 2017 66
FIGURE 23 CHRONIC DISEASES WERE AMONG THE TOP TEN CAUSES OF DEATH WORLDWIDE ACROSS ALL AGES, 2016 66
5.2.1.3 Shift in consumer preferences for food & beverages 67
FIGURE 24 US: CONSUMER CHECKS FOR LABEL AND NUTRITIONAL INFORMATION PANEL (NIP) OF FOOD PRODUCTS (% OF CONSUMERS), 2019 67
5.2.1.4 Health benefits of certain natural colors 67
TABLE 2 NATURAL COLORING AGENTS AND THEIR HEALTH BENEFITS 68
5.2.1.5 Rising inclination toward premium and branded products 68
5.2.2 RESTRAINTS 68
5.2.2.1 High cost and limited raw material availability 68
5.2.2.2 Low stability of natural colors 68
5.2.3 OPPORTUNITIES 69
5.2.3.1 Rise in the number of end-use applications 69
5.2.3.2 Increasing ventures in Asia Pacific and South America 69
5.2.3.3 Multifunctional flavors and colors 69
5.2.3.4 Rapidly growing sales of beverages and functional drinks 70
FIGURE 25 US: IMPORT OF BEVERAGE PRODUCTS, 2009–2017 (USD MILLION) 70
5.2.3.5 Product-based and technological innovations in the ingredient industry 70
5.2.3.6 Emerging economies to present high-growth opportunities due to growing food processing investments 71
FIGURE 26 ANNUAL GDP GROWTH OF EMERGING ECONOMIES, 2011–2018 71
FIGURE 27 INDIA: CONTRIBUTION OF THE FOOD PROCESSING INDUSTRY TO
GDP THROUGH MANUFACTURING, 2016 72
5.2.4 CHALLENGES 72
5.2.4.1 Lack of consistency in regulations pertaining to various ingredients 72
5.3 IMPACT OF COVID-19 ON THE MARKET DYNAMICS 73
5.3.1 COVID-19 BOOSTS THE DEMAND FOR HIGH-QUALITY AND PREMIUM PRODUCTS 73
5.3.2 COVID-19 TO REFORMULATE THE DEMAND FOR FOOD TO LOWER COSTS 73
5.3.3 COVID-19 IMPACT ON RAW MATERIAL AVAILABILITY AND SUPPLY CHAIN DISRUPTION 73
5.3.4 COVID-19 TO SHIFT THE DEMAND TOWARD PLANT-SOURCED INGREDIENTS 74

6 INDUSTRY TRENDS 75
6.1 INDUSTRY INSIGHTS 75
TABLE 3 NATURAL SOURCE OF RAW MATERIALS USED IN FLAVORING COMPOUNDS 75
TABLE 4 CLASSIFICATION OF NATURAL FLAVORS 76
6.2 VALUE CHAIN ANALYSIS 76
FIGURE 28 NATURAL FOOD COLORS & FLAVORS MARKET: VALUE CHAIN ANALYSIS 78
6.3 SUPPLY CHAIN ANALYSIS 78
FIGURE 29 SUPPLY CHAIN ANALYSIS 79
6.3.1 PROMINENT COMPANIES 79
6.3.2 SMALL & MEDIUM ENTERPRISES 79
6.3.3 END USERS (MANUFACTURERS/CONSUMERS) 79
6.3.4 KEY INFLUENCERS 80
6.4 TECHNOLOGY ANALYSIS 80
TABLE 5 NATURAL FOOD COLORS & FLAVORS MARKET: TECHNOLOGY ANALYSIS 80
6.5 EXPORT-IMPORT DATA FOR NATURAL FOOD COLORS & FLAVORS 82
FIGURE 30 IMPORT OF COLORS IN INDIA, 2013-2016 82
FIGURE 31 IMPORT OF FLAVORS IN INDIA, 2013-2016 82
6.6 ASP TREND 85
FIGURE 32 ASP OF NATURAL FOOD COLORS, 2018 (USD/KG) 85
6.7 CASE STUDIES 85
6.7.1 TECHNOLOGICAL ADVANCEMENT 85
6.7.1.1 Allergen sensor for consumers 85
6.7.2 TRENDS IN THE FOOD INDUSTRY 85
6.7.2.1 Sensory experience to remain a key priority for consumers 85
6.7.3 INORGANIC GROWTH ATTEMPTS 85
6.7.3.1 M&A to remain a key inorganic strategy for market growth 85
6.8 ECOSYSTEM MAP 86
6.8.1 FLAVORS, COLORS, AND FRAGRANCES: ECOSYSTEM VIEW 86
6.8.2 FLAVORS, COLORS, AND FRAGRANCES: MARKET MAP 87

7 REGULATIONS 88
7.1 INTRODUCTION 88
7.2 INTERNATIONAL BODY FOR FOOD SAFETY STANDARDS AND REGULATIONS 88
7.2.1 INTERNATIONAL ORGANIZATION OF FLAVOR INDUSTRY (IOFI) 88
7.2.1.1 International Flavor Legislation 88
7.2.1.2 US Department of Health and Human Services 89
7.2.1.3 Flavor Extract Manufacturers Association 89
7.3 NORTH AMERICA 90
7.3.1 US REGULATIONS 90
7.3.1.1 US Department of Agriculture 90
7.3.1.2 FFDCA Section 201(s) Limitations 90
7.3.2 CANADA 91
7.3.2.1 Canadian food and drugs law 91
7.3.2.2 Canadian Food Inspection Agency (CFIA) 91
7.3.3 MEXICO 91
7.3.3.1 Mexican food regulations 91
7.4 SOUTH AMERICA 92
7.4.1 BRAZIL 92
7.4.1.1 Brazilian Health Regulatory Agency (ANVISA) 92
7.4.2 SECTION II) FOOD ADDITIVE REGULATIONS 92
7.4.2.1 Brazilian food and regulations and standards 93
7.4.3 REGULATORY BODIES IN BRAZIL 93
7.4.4 ARGENTINA 93
7.4.4.1 The Argentina food safety act 93
7.4.5 REST OF SOUTH AMERICA 93
7.5 EUROPE 94
7.5.1 NATURAL FLAVORS ARE DEFINED IN THE EU IN REGULATION (EC) 1334/2008 94
7.5.2 FOOD AND AGRICULTURAL IMPORT REGULATIONS AND STANDARDS (BERLIN, GERMANY) 94
7.5.3 UK REGULATION 95
7.5.3.1 In regulation 2(1) 95
7.5.4 FRANCE 95
7.5.4.1 Food and Agriculture Imports Regulations and Standards 95
7.5.5 ADDITIVES MUST BE MENTIONED ON THE FOOD LABEL 95
7.5.6 ITALY 95
7.5.7 EU REGULATIONS 96
7.6 ASIA PACIFIC 96
7.6.1 CHINA 96
7.6.1.1 In the following cases, food additives can be introduced into foods through ingredients (including food additives) 96
7.6.2 INDIA 97
7.6.3 JAPAN 97
7.6.3.1 Japan Flavor and Fragrance Materials Association (JFFMA) 97
7.6.3.2 Japanese Ministry of Health, Labour and Welfare 97
7.6.3.3 Japan Food Chemical Research Foundation (JFCRF) 98
7.6.4 KOREA 98
7.6.4.1 Ministry of food and drug safety (MFDS) 98
7.6.5 AUSTRALIA & NEW ZEALAND 98
7.6.5.1 Australia New Zealand Food Standards Code - Standard 1.3.1 -
Food Additives 99
7.7 REST OF THE WORLD 99
7.7.1 SOUTH AFRICA 99
7.7.1.1 South African Association of the Flavor & Fragrance industry (SAAFI) 99
7.7.2 MIDDLE EAST 99
7.7.2.1 Food, agricultural, and water import regulations and standards - Dubai, United Arab Emirates 99
7.7.2.2 Codex Alimentarius 99

8 PATENT ANALYSIS 101
8.1 OVERVIEW 101
FIGURE 33 PATENT ANALYSIS: FOOD FLAVORS MARKET, BY REGION, 2015–2020 101
FIGURE 34 PATENT ANALYSIS: FOOD COLORS MARKET, BY REGION, 2015–2020 101
TABLE 6 KEY PATENTS GRANTED WITH RESPECT TO FOOD FLAVORS 102
_

9 NATURAL FOOD COLORS & FLAVORS MARKET, BY CATEGORY 106
9.1 INTRODUCTION 107
FIGURE 35 NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2020 VS. 2025 (USD MILLION) 107
TABLE 7 NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY,
2018-2025 (USD MILLION) 108
9.1.1 COVID-19 IMPACT ON THE NATURAL FOOD COLORS AND FLAVORS MARKET, BY REGION, 2018-2021 (USD MILLION) 108
9.1.1.1 Realistic scenario 108
TABLE 8 REALISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 108
9.1.1.2 Optimistic scenario 109
TABLE 9 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 109
9.1.1.3 Pessimistic scenario 109
TABLE 10 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 109
9.2 NATURAL FOOD COLORS 110
9.2.1 COLORING FOOD HAS BEEN MAJOR TREND IN NATURAL COLORS MARKET 110
TABLE 11 NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 110
TABLE 12 NATURAL FOOD COLORS MARKET SIZE, BY REGION, 2018-2025 (KT) 110
9.3 NATURAL FOOD FLAVORS 111
9.3.1 EXTRACT FROM FLOWERS AND FRUITS IS KEY TREND IN THE NATURAL FLAVORS MARKET 111
TABLE 13 NATURAL FOOD FLAVORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 111

10 NATURAL FOOD COLORS MARKET, BY TYPE 112
10.1 INTRODUCTION 113
FIGURE 36 NATURAL FOOD COLORS MARKET SIZE, BY TYPE,
2020 VS. 2025 (USD MILLION) 113
TABLE 14 NATURAL FOOD COLORS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 114
10.2 CARAMEL 114
10.2.1 BEER, GRAVY PREMIX, SAUCES, AND CONFECTIONARIES ARE KEY APPLICATIONS OF THE CARAMEL COLOR 114
TABLE 15 CARAMEL: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 115
10.3 CAROTENOIDS 115
10.3.1 HEALTH BENEFITS ASSOCIATED WITH COLORING IS DRIVING CAROTENOIDS MARKETS 115
TABLE 16 CAROTENOIDS: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 116
10.4 ANTHOCYANINS 116
10.4.1 COLORFUL CONFECTIONARIES IS A KEY TREND FOR ANTHOCYANINS 116
TABLE 17 ANTHOCYANINS: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 117
10.5 CURCUMIN 117
10.5.1 CURCUMIN IS WIDELY USED AS SUBSTITUTE FOR SYNTHETIC YELLOW COLOR 117
TABLE 18 CURCUMIN: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 117
10.6 COPPER CHLOROPHYLLIN 118
10.6.1 DE-ESTERIFICATION OF CHLOROPHYLL IS CARRIED OUT TO FORM COPPER CHLOROPHYLLIN 118
TABLE 19 COPPER CHLOROPHYLLIN: NATURAL FOOD COLORS MARKET SIZE,
BY REGION, 2018-2025 (USD MILLION) 118
10.7 ANNATTO 119
10.7.1 ANNATTO IS RICH SOURCE OF MINERALS 119
TABLE 20 ANNATTO: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 119
10.8 CAPSANTHIN 120
10.8.1 CAPSANTHIN OFFERS FLAVORS AND COLOR BENEFITS TO FOOD PRODUCTS 120
TABLE 21 CAPSANTHIN: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 120
10.9 OTHERS 121
10.9.1 LUTEIN AND BETAIN ARE KEY OTHER COLOR TYPES 121
TABLE 22 OTHERS: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 121

11 NATURAL FOOD FLAVORS MARKET, BY TYPE 122
11.1 INTRODUCTION 123
FIGURE 37 NATURAL FOOD FLAVORS MARKET SIZE, BY TYPE,
2020 VS. 2025 (USD MILLION) 124
TABLE 23 NATURAL FOOD FLAVORS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION) 124
11.2 NATURAL EXTRACTS 124
11.2.1 FRESH FRUITS AND FLOWERS IS MAJOR SOURCE FOR FLAVOR EXTRACTS 124
TABLE 24 NATURAL EXTRACTS: NATURAL FOOD FLAVORS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 125
11.3 AROMA CHEMICALS 125
11.3.1 AROMA CHEMICALS ARE LARGELY USED IN FLAVOR BLEND MANUFACTURING 125
TABLE 25 AROMA CHEMICALS: NATURAL FOOD FLAVORS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 126
11.4 ESSENTIAL OIL 126
11.4.1 DISTILLATION IS A KEY TECHNOLOGY USED IN ESSENTIAL OIL MANUFACTURING 126
TABLE 26 ESSENTIAL OILS: NATURAL FOOD FLAVORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 126
11.5 OTHERS 127
11.5.1 SPICES AND MICRO-ORGANISMS ARE MAJOR OTHER TYPES OF NATURAL FLAVORS 127
TABLE 27 OTHERS: NATURAL FOOD FLAVORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 127

12 NATURAL FOOD COLORS MARKET, BY APPLICATION 128
12.1 INTRODUCTION 129
FIGURE 38 NATURAL FOOD COLORS MARKET SIZE, BY APPLICATION,
2020 VS. 2025 (USD MILLION) 129
TABLE 28 NATURAL FOOD COLORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 130
12.2 FOOD 130
12.2.1 BAKERY AND CONFECTIONARY IS AMONG KEY FOOD APPLICATIONS OF FOOD COLOR TO ENHANCE PRODUCT APPEAL 130
TABLE 29 FOOD: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 130
12.2.2 BAKERY & CONFECTIONERY PRODUCTS 130
12.2.3 DAIRY PRODUCTS 131
12.2.4 MEAT, POULTRY & SEAFOOD 131
12.2.5 FROZEN PRODUCTS 131
12.2.6 OTHERS 131
12.3 BEVERAGES 132
12.3.1 FORTIFIED BEVERAGES ARE FUELING MARKET GROWTH, WITH RISING HEALTH AWARENESS AMONG CONSUMERS 132
TABLE 30 BEVERAGES: NATURAL FOOD COLORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 132

13 NATURAL FOOD FLAVORS MARKET, BY APPLICATION 133
13.1 INTRODUCTION 134
FIGURE 39 NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2020 VS. 2025 (USD MILLION) 134
TABLE 31 NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 135
13.2 FOOD 135
13.2.1 GROWING INNOVATIONS IN FOOD INDUSTRY TO FUEL ADOPTION OF NATURAL FLAVORS AT LARGE EXTENT 135
TABLE 32 FOOD: NATURAL FOOD FLAVORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 135
TABLE 33 FOOD: NATURAL FOOD FLAVORS MARKET SIZE, BY SUB-APPLICATION,
2018-2025 (USD MILLION) 136
13.2.2 DAIRY & DAIRY PRODUCTS 136
13.2.2.1 Ice creams 136
13.2.2.2 Other dairy products 136
13.2.3 CONFECTIONERY PRODUCTS 137
13.2.3.1 Chocolates 137
13.2.3.2 Other confectionery products 137
13.2.4 BAKERY PRODUCTS 137
13.2.5 MEAT PRODUCTS 137
13.2.6 SAVORIES & SNACKS 137
13.2.7 FROZEN PRODUCTS 137
13.2.8 OTHER FOOD APPLICATIONS 138
13.3 BEVERAGES 138
13.3.1 NATURAL FLAVORS ACCOUNT FOR SIGNIFICANT MARKET SIZE IN THE JUICES SEGMENT 138
TABLE 34 BEVERAGES: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION) 138
13.3.2 HOT DRINKS 139
13.3.3 SOFT DRINKS 139
13.3.4 ALCOHOLIC DRINKS 139
13.3.5 OTHER DRINKS 139
14 NATURAL FOOD COLORS & FLAVORS MARKET, BY FORM 140
14.1 INTRODUCTION 141
FIGURE 40 NATURAL FOOD COLORS MARKET SIZE, BY FORM,
2020 VS. 2025 (USD MILLION) 141
FIGURE 41 NATURAL FOOD FLAVORS MARKET SIZE, BY FORM,
2020 VS. 2025 (USD MILLION) 142
TABLE 35 NATURAL FOOD COLORS MARKET SIZE, BY FORM,
2018-2025 (USD MILLION) 142
TABLE 36 NATURAL FOOD FLAVORS MARKET SIZE, BY FORM,
2018-2025 (USD MILLION) 142
14.2 LIQUID & GEL 143
14.2.1 ENCAPSULATION IS A MAJOR TREND DRIVING THE LIQUID SEGMENT
IN MARKET 143
TABLE 37 LIQUID & GEL: NATURAL FOOD FLAVORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 143
14.3 DRY 144
14.3.1 INCREASING DEMAND FOR DRY MIX FOR FOOD & BEVERAGES DRIVES THE GROWTH OF THE DRY FORM IN THE MARKET 144
TABLE 38 DRY: NATURAL FOOD FLAVORS MARKET SIZE, BY REGION,
2018-2025 (USD MILLION) 144
15 NATURAL FOOD COLORS & FLAVORS MARKET, BY REGION 145
15.1 INTRODUCTION 146
FIGURE 42 AUSTRALIA & NEW ZEALAND TO GROW AT THE HIGHEST CAGR IN THE NATURAL FOOD COLORS & FLAVORS MARKET 147
TABLE 39 NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 147
15.1.1 COVID-19 IMPACT ON THE NATURAL FOOD COLORS & FLAVORS MARKET,
BY REGION 148
15.1.1.1 Realistic Scenario 148
TABLE 40 REALISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD FLAVORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 148
TABLE 41 REALISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD COLORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 148
15.1.1.2 Optimistic Scenario 149
TABLE 42 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD FLAVORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 149
TABLE 43 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD COLORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 149
15.1.1.3 Pessimistic Scenario 149
TABLE 44 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD FLAVORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 149
TABLE 45 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE NATURAL FOOD COLORS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 150
15.2 NORTH AMERICA 150
FIGURE 43 NORTH AMERICA: MARKET SNAPSHOT 151
TABLE 46 NORTH AMERICA: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY COUNTRY, 2018–2025 (USD MILLION) 152
TABLE 47 NORTH AMERICA: NATURAL FOOD COLORS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 152
TABLE 48 NORTH AMERICA: NATURAL FOOD FLAVORS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 152
TABLE 49 NORTH AMERICA: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY CATEGORY, 2018–2025 (USD MILLION) 153
TABLE 50 NORTH AMERICA: NATURAL FOOD COLORS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 153
TABLE 51 NORTH AMERICA: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 153
TABLE 52 NORTH AMERICA: NATURAL FOOD COLORS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 154
TABLE 53 NORTH AMERICA: NATURAL FOOD FLAVORS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 154
TABLE 54 NORTH AMERICA: NATURAL FOOD FLAVORS MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 154
15.2.1 US 155
15.2.1.1 Established players in the market are focusing on developing natural food colors & flavors 155
TABLE 55 US: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 155
TABLE 56 US: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018–2025 (USD MILLION) 155
15.2.2 CANADA 156
15.2.2.1 Consumer concerns regarding health are leading to a rise in demand for natural-based products 156
TABLE 57 CANADA: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 156
TABLE 58 CANADA: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018–2025 (USD MILLION) 156
15.2.3 MEXICO 157
15.2.3.1 Increase in the export of agricultural commodities is driving the market for natural food colors & flavors 157
TABLE 59 MEXICO: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 157
TABLE 60 MEXICO: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018–2025 (USD MILLION) 157
15.3 EUROPE 158
FIGURE 44 EUROPE: MARKET SNAPSHOT 159
TABLE 61 EUROPE: NATURAL FOOD COLORS MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 160
TABLE 62 EUROPE: NATURAL FOOD FLAVORS MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 160
TABLE 63 EUROPE: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018–2025 (USD MILLION) 161
TABLE 64 EUROPE: NATURAL FOOD COLORS MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 161
TABLE 65 EUROPE: NATURAL FLAVORS MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 161
TABLE 66 EUROPE: NATURAL FOOD COLORS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 162
TABLE 67 EUROPE: NATURAL FOOD FLAVORS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 162
TABLE 68 EUROPE: NATURAL FOOD FLAVORS MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 162
15.3.1 UK 163
15.3.1.1 High focus on innovation of natural and organic flavors & colors to cater to the increasing vegan population in the UK 163
TABLE 70 UK: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 163
TABLE 71 UK: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY,
2018-2025 (USD MILLION) 163
15.3.2 GERMANY 163
15.3.2.1 Presence of various food processing industry and strong retail channels in Germany 163
TABLE 72 GERMANY: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 164
TABLE 73 GERMANY: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY CATEGORY, 2018-2025 (USD MILLION) 164
15.3.3 FRANCE 165
15.3.3.1 The use of exotic flavors in the production of bakery items and wine in France 165
TABLE 74 FRANCE: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 165
TABLE 75 FRANCE: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018-2025 (USD MILLION) 165
15.3.4 ITALY 166
15.3.4.1 The demand for flavored cocktails and spirits to drive the market in Italy 166
TABLE 76 ITALY: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 166
TABLE 77 ITALY: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018-2025 (USD MILLION) 166
15.3.5 SPAIN 167
15.3.5.1 Spain faces increased demand for flavored and colored varieties of non-alcoholic beverages 167
TABLE 78 SPAIN: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 167
TABLE 79 SPAIN: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018-2025 (USD MILLION) 167
15.3.6 NETHERLANDS 168
15.3.6.1 The presence of a wide number of breweries utilizing various flavors and colors of the Netherlands 168
TABLE 80 NETHERLANDS: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION) 168
TABLE 81 NETHERLANDS: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY CATEGORY, 2018-2025 (USD MILLION) 168
15.3.7 REST OF EUROPE 169
15.3.7.1 Growing consumption of canned food to drive the market in Rest of Europe 169
TABLE 82 REST OF EUROPE: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION) 169
TABLE 83 REST OF EUROPE: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY CATEGORY, 2018-2025 (USD MILLION) 169
15.4 ASIA PACIFIC 170
FIGURE 45 ASIA PACIFIC: MARKET SNAPSHOT 171
TABLE 84 ASIA PACIFIC: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY COUNTRY, 2018–2025 (USD MILLION) 172
TABLE 85 ASIA PACIFIC: NATURAL FOOD COLORS MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 172
TABLE 86 ASIA PACIFIC: NATURAL FOOD FLAVORS MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 173
TABLE 87 ASIA PACIFIC: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY CATEGORY, 2018–2025 (USD MILLION) 173
TABLE 88 ASIA PACIFIC: NATURAL FOOD COLORS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 173
TABLE 89 ASIA PACIFIC: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 174
TABLE 90 ASIA PACIFIC: NATURAL FOOD COLORS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 174
TABLE 91 ASIA PACIFIC: NATURAL FOOD FLAVORS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 175
TABLE 92 ASIA PACIFIC: NATURAL FOOD FLAVORS MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 175
15.4.1 CHINA 175
15.4.1.1 Higher international trade of the food products is fueling demand in the country 175
TABLE 93 CHINA: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 176
TABLE 94 CHINA: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018-2025 (USD MILLION) 176
15.4.2 INDIA 176
15.4.2.1 The growing investments and government support in food processing project offers opportunity 176
TABLE 95 INDIA: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 177
TABLE 96 INDIA: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018-2025 (USD MILLION) 177
15.4.3 JAPAN 177
15.4.3.1 Favorable regulatory environment to offer support for advancement of the market growth 177
TABLE 97 JAPAN: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 178
TABLE 98 JAPAN: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018-2025 (USD MILLION) 178
15.4.4 SOUTH KOREA 178
15.4.4.1 Rise in demand for healthy, natural, and organic food in South Korea 178
TABLE 99 SOUTH KOREA: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION) 179
TABLE 100 SOUTH KOREA: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY CATEGORY, 2018-2025 (USD MILLION) 179
15.4.5 AUSTRALIA & NEW ZEALAND 179
15.4.5.1 Increasing demand for fortification to offer opportunities to launch advanced flavors & colors in the countries 179
TABLE 101 AUSTRALIA & NEW ZEALAND: NATURAL FOOD FLAVORS MARKET SIZE,
BY APPLICATION, 2018-2025 (USD MILLION) 179
TABLE 102 AUSTRALIA & NEW ZEALAND: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018-2025 (USD MILLION) 180
15.4.6 REST OF ASIA PACIFIC 180
15.4.6.1 Rising living standard is key factor for market boost in the region 180
TABLE 103 REST OF ASIA PACIFIC: NATURAL FOOD FLAVORS MARKET SIZE,
BY APPLICATION, 2018-2025 (USD MILLION) 180
TABLE 104 REST OF ASIA PACIFIC: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018-2025 (USD MILLION) 181
15.5 SOUTH AMERICA 181
FIGURE 46 SOUTH AMERICA: MARKET SNAPSHOT 182
TABLE 105 SOUTH AMERICA: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY COUNTRY, 2018–2025(USD MILLION) 183
TABLE 106 SOUTH AMERICA: NATURAL FOOD COLORS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 183
TABLE 107 SOUTH AMERICA: NATURAL FOOD FLAVORS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 183
TABLE 108 SOUTH AMERICA: NATURAL FOOD COLORS & FLAVORS MARKET SIZE,
BY CATEGORY, 2018–2025 (USD MILLION) 184
TABLE 109 SOUTH AMERICA: NATURAL FOOD COLORS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 184
TABLE 110 SOUTH AMERICA: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 184
TABLE 111 SOUTH AMERICA: NATURAL FOOD COLORS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 185
TABLE 112 SOUTH AMERICA: NATURAL FOOD FLAVORS MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 185
TABLE 113 SOUTH AMERICA: NATURAL FOOD FLAVORS MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 185
15.5.1 BRAZIL 186
15.5.1.1 Growing demand for processed food and soft drinks driving the market in Brazil 186
TABLE 114 BRAZIL: NATURAL FOOD FLAVORS MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 186
TABLE 115 BRAZIL: NATURAL FOOD COLORS & FLAVORS MARKET SIZE, BY CATEGORY, 2018–2025 (USD MILLION) 186
15.5.2 ARGENTINA 187
15.5.2.1 Growing investments and increasing government funding to fuel the demand for natural colors & flavors in the country 187
TABLE 116 ARGENTINA: FOOD FLAVORS MARKET