Flavors and Fragrances Market Hit USD 28.64 billion by 2025: Grand View Research, Inc.

7-May-2019: The global flavors and fragrances market size is anticipated to reach USD 28.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.7% during the forecast period. Flavors and fragrances deliver long-lasting sensory impressions, when applied through medical products, beverage, food, and other substances. These products enrich the overall aesthetic value and appeal of consumer goods.

Flavors and fragrances are generally manufactured using essential oils and volatile chemicals to enhance existing flavors or to provide a precise flavor. The products are primarily categorized into natural and synthetic. Rising demand for natural and fresh products has added to exponential growth of the market.

Increasing demand for ready-to-eat and convenience foods, health and wellness foods coupled with technological advancements are predicted to trigger the flavors and fragrances market growth. Increasing consumer disposable income along with rapid industrialization in developing countries such as India and China is estimated to fuel the food flavors market.

Owing to the massive demand for natural products, forests have been chopped down to develop minute quantity of oil. Numerous arable lands have also been transformed into monoculture farming lands to nurture a single crop or plant gain a particular oil. This, in turn, has led to restricted availability of raw materials for natural products.

Flavor and fragrance producers operate by collaborating with artists, filmmakers, writers, musicians, and scientists to knock into artistic minds to reveal perfumes to new as well as constantly developing creative approaches and territories. Manufacturers also build creative teams which comprise fragrance perfumers, flavorists, and evaluators.

 In depth research report on Flavors and Fragrances Market

https://www.grandviewresearch.com/industry-analysis/flavors-fragrances-market

Further key findings from the report suggest:

·       Aroma chemicals is projected to hold the largest share of flavors and fragrances market with more than 70.0% in terms of revenue by 2025

·       Increasing cost of R&D for fragrance compounds is expected to support the demand for aroma chemicals over the forecasts period

·       Essential oils are anticipated to grow as the fastest as well as largest emerging natural product segment

·       Demand for orange essential oil was valued at USD 1.64 billion in 2018

·       Fragrances application segment is predicted to lead the market and is projected to register a CAGR of 5.0% from 2019 to 2025

·       Asia Pacific is expected to register the fastest CAGR on account of availability of raw materials and increasing demand

Grand View Research has segmented the global flavors and fragrances market on the basis of product, application and region:

Flavors and Fragrances Product Outlook (Revenue, USD Million, 2014 - 2025)

·       Natural

o   Essential Oils

§  Orange

·       Limonene

·       Myrcene

·       Others

§  Corn Mint

·       Menthol

·       Menthone

·       Others

§  Eucalyptus

·       Eucalyptol

·       Limonene

·       Others

§  Pepper Mint

·       Menthol

·       Menthone

·       Others

§  Lemon

·       Pinene

·       Limonene

·       Camphene

o   Oleoresins

§  Paprika

·       Piperine

·       Others

§  Black Pepper

·       Piperine

·       Others

§  Turmeric

·       Curcumin

·       Others

·       Ginger

·       Gingerol

·       Others

o   Others

·       Aroma Chemicals

o   Esters

·       Ethyl acetate

·       Benzyl acetate

·       Ethyl benzoate

·       Methyl decanoate

·       Others

o   Alcohol

·       Lauryl alcohol

·       Menthol

·       Others

o   Aldehyde

·       Benzaldehyde

·       Vanillin

·       Others

·       Phenol

·       Ethylvanillin

·       Others

o   Others

Flavors and Fragrances Application Outlook (Revenue, USD Million, 2014 - 2025)

·       Flavors

·       Confectionary

·       Convenience Foods

·       Bakery Food

·       Dairy Food

·       Beverages

·       Others

·       Fragrances

·       Fine fragrances

·       Cosmetics and Toiletries

·       Soaps & Detergents

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Paprika Market: Health Benefits of Paprika is Expected to Drive the Market

7-May-2019: The global paprika market size is expected to reach USD 619.5 million by 2025 expanding at an estimated CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness regarding the health benefits of paprika is expected to drive the market. The oleoresin segment led the global industry and constituted over 36% of the total market share in 2018. Some of the leading companies, such as Ungerer & Company, Synthite, Chr. Hansen Holding A/S, and Unilever Food Solutions, offer a wide range of paprika. Other prominent market players include Ingredientes Naturales Seleccionados, EVESA and Kancor Ingredients Limited. Rising demand for colorants coupled with natural spices has propelled the demand for paprika across the world.

Paprika are used in F&B applications, such as cheese, orange juice, spice mixtures, sauces, seasoning material in fast food, emulsified process meats, and sweets. They help in providing a specific color texture to food products. Paprika oleoresins are extensively used as natural flavoring in meat products, cheese, popcorn oil, and cheese food coatings. Paprika also find wide applications in pharmaceuticals sector. They help reduce pain, anxiety, and stress when used in proper concentrations. Paprika also have inherent properties, such as analgesic, anti-inflammatory, and anti-obesity properties and can also be used in anti-cancer treatments.

In depth research report on Paprika Market

https://www.grandviewresearch.com/industry-analysis/paprika-market

Further key findings from the study suggest:

·       The spice powder product segment is projected to reach 109.4 million by 2025 registering a strong CAGR from 2019 to 2025

·       Among applications, the food segment led the overall market revenues with a share of 46.7% in 2018

·       Brazil paprika market is expected to witness a strong growth over the forecast period on account of increasing demand for spice oils from the food industry

·       Rising consumer awareness about the health benefits of paprika is expected to drive the market further

·       The market is extremely competitive. The key companies include Synthite Industries Ltd., Chr. Hansen Holding A/S, Ungerer & Company Unilever Food Solutions, and Plant Lipids

·       Most of the aforementioned companies have undertaken initiatives, such as acquisitions, frequent mergers, strategic alliances, and capital expansion to gain higher market share

Grand View Research has segmented the global paprika market on the basis of type, application, and region:

Paprika Type Outlook (Revenue, USD Million, 2014 - 2025)

·       Vegetable Paprika

·       Spice Powder

·       Paprika Oleoresin

·       Others

Paprika Application Outlook (Revenue, USD Million, 2014 - 2025)

·       Food

·       Pharmaceuticals

·       Cosmetics

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Saffron: A Herbal Health Supplement

8-January-2019: According to a report by Grand View Research, Inc., global saffron market is anticipated to value USD 77.5 billion by 2024. Growing requirement for product in food applications as coloring and flavoring agent is anticipated to propel demand for saffron. It can be cultivated in arid and semi-arid climatic conditions and is likely to be labor intensive.

Rising product demand from pharmaceutical sector owing to its anti-inflammatory, antioxidant, anti-tumor, and anti-diabetic properties can influence market growth. Growing popularity as herbal health supplement is likely to surge demand for saffron over next few years. Increasing product use in manufacturing of skin care products attributed to its ability to treat acne, tan removal, and other skin related issues can stimulate market growth.    

Based on application, the market can be categorized into medical, cosmetics, food, and others. In 2015, food segment dominated the market and accounted for largest market share. It is expected to grow fast in terms of revenue at CAGR of 13% from 2016 to 2024 attributed to coloring and flavoring properties. Saffron can be used as alternative to chemical food ingredients in dairy and confectionary products including tea, ice cream, fruit cakes, muffins, cake powder, and baking powder. Expansion of food sector in various regions is likely to surge product demand over the forecast period.

On the contrary, medical segment accounted for 25% of global volume in 2015 and became second largest application segment. Presence of safral and crocin as major active ingredients of saffron can surge its demand in manufacturing of various antibiotics. This, in turn can fuel product demand during the forecast period.

Cosmetic segment accounted for market share equivalent to USD 58 million in 2015. Rising demand for saffron to produce different types of skin care products can fuel market growth. It is expected to be used in anti-blemish lotions, fairness creams, and cleansers. In addition, it can be used for acne and tan removal and to treat various other skin ailments. Growth of cosmetics sector in Asia Pacific is likely to boost demand for saffron from 2016 to 2025.

Other segments including paint and textile accounted for 8% of global market share in 2015. High demand for saffron from these sectors owing to its properties such as oriental fragrance, color dyeing, and replacement of chemical color pigment can fuel market growth over the forecast period.

Regional segmentation includes Europe, North America, Asia Pacific, South & Central America, and Middle East & Africa. In 2015, Spain and Italy accounted for 34% Europe market volume attributed to rising product demand from food sector. These countries is expected to be engaged in manufacturing of saffron. Increasing use of innovative packaging technology to deliver quality according to requirement of local food companies can boost market growth during the forecast period.

On the contrary, Asia Pacific accounted for market share equivalent to USD 198 million in 2015. Continual development of various application sectors such as medical, cosmetics, and food can augment market growth in the region. The region is expected to remain second largest market during the period from 2016 to 2025. Rising product manufacturing in India owing to easy availability of skilled workforce that can result in higher production capacity can fuel market growth. Moreover, significant product demand from food sector is predicted to boost growth of market over the forecast period.

In Middle East & Africa, the market is predicted to grow well during the forecast period attributed to expansion of perfume sector in the region. Increasing use of saffron in perfumes attributed to its oriental fragrance can fuel growth of market.  

Some of the leading companies offering saffron are Iran Saffron Company, Gohar Saffron, Rowhani Saffron Co., and Saffron Business Co., and Esfedan trading company. Intense competition in the market is expected to push producers to focus on affordable pricing structure, integrated supply chain, and product quality difference. Hence, companies are likely to invest in integration of supply chain to maintain their market share coupled with focus on significant growth.

In-Depth Research Report On Saffron Market:

https://www.grandviewresearch.com/industry-analysis/saffron-market

Specialty Food Ingredients to Ensure Wellness

18 September 2018: Specialty food ingredients are substances used in foods to enhance the flavor, texture, and color of foods. The emergence of various chronic diseases has forced people to reconsider their current lifestyles and adopt a healthier diet. Sensory and functional are two types of specialty food ingredients. The former comprises enzymes, colorants, emulsifiers, flavors, and others, while vitamins, minerals, preservatives, antioxidants, and others are covered in the latter category.

The research into molecular nutrition and health consciousness among consumers are factors that have brought a change into manufacturing practices of food manufacturing companies. For instance, Sola Snacks has launched Ginger Sola Bars that contains natural ingredients such as flax seeds, herbs, and spices. The changing palates of consumers will bring about a variety of new flavors and aromas in processed and convenience foods.

Increase Nutritious Value of Foods

Specialty food ingredients are divided into two major segments, sensory and functional. The sensory segment value is expected to surpass USD 8 billion by 2025. This can be attributed to demand for sensory ingredients in convenience foods and confectioneries by consumers. The increasing interest in adaptogens by consumers such as Ashwagandha, an ingredient derived from plant extracts, has led to its inclusion in many beverages.

The functional segment is predicted to exhibit a 5.5% CAGR from 2017 to 2025 due to its preference in functional foods. Functional foods constitute the diet of the elderly and consumers with chronic diseases. They play a major role in meeting nutrition deficiency needs. The use of antioxidants and preservatives to extend shelf life of foods are also expected to contribute to the growth of this segment. For instant, truffles are finding increasing use as a functional ingredient on account of containing essential nutrients.

Market Overview

The global specialty food ingredients market is predicted to touch USD 116.50 billion by 2025, according to a report by Grand View Research, Inc. Demand for quality food products is expected to drive market growth throughout the forecast period (2014-2025). Health consciousness among consumers and preference for convenience foods are other factors that can influence market demand. Introduction of new flavors and development of food process technologies to ensure encapsulation of foods are expected to attract new consumers and influence demand. Key market players include Kerry Group; PPG Industries, Inc.; Frutarom Industries Ltd.; and KF Specialty Ingredients.

In-Depth Research Report On Specialty food ingredients market:

https://www.grandviewresearch.com/industry-analysis/specialty-food-ingredients-market

Saffron: A Natural Flavoring and Coloring Ingredient

Saffron is a unique and extravagant spice known for its coloring, flavoring, and medicinal properties. These dried threads are extracted from the flowers of crocus sativus plant. Decent saffron yield requires cold and dry climate with enough rainfall or irrigation. The flowers are usually collected in the early-morning hours and their stigma is separated and processed.

Saffron Identification

Fresh saffron is available in spice markets. It is bright reddish golden in color. It releases a pleasing aroma and golden-yellow color, when rubbed between two fingers and when soaked in water or milk. This spice has a unique, pungent bitter-honey taste. Saffron is widely used in food and beverages industry is a fragrant, coloring, and flavoring agent.

Major Applications

Saffron is used in dairy and confectionary  to prepare flavored milk, ice-creams, cakes, muffins, baking powder, jellies, jams, teas, and other such products.

Saffron is antiseptic, antioxidant, and anti-depressant. Hence it is found beneficial for treating mild to moderate depression, skin diseases, eye diseases, and other illnesses. It consists of key ingredients such as crocin and safral that can be used in the manufacturing of several antibiotics. Saffron is also used in cosmetic industry to manufacture skin care products such as fairness creams, cleansers, and anti-blemish lotions.

Saffron is used in textile and paint industries owing to its natural colorant properties. It finds applications in dying and perfumes as a replacement of chemical color pigments.

Saffron Green Tea

Bliss Blend Organic Tea, an Australian organic tea manufacturer has recently developed SaffronGreen Tea. It is produced using organic green tea and saffron. This antioxidant tea can improve digestion and eye health. The product is available in Unbleached & Biodegradable Tea Bags.

Market Overview

According to Grand View Research, Inc.; the worldwide saffron market is anticipated to attain USD 2 billion by 2025. Applications in food, medical, cosmetic, textile, and paint industries may propel demand during the forecast period (2014 to 2025).

Europe is predicted to witness significant grown in terms of revenue in the near future. In 2015, it stood at over USD 250 million on account of high demand from food and healthcare sectors. Asia Pacific is expected to remain the second largest market over the forecast period. This growth is attributed to rapid development in food, medical, and cosmetic industries. India is expected to be the major supplier of saffron due to easy availability of skilled labor.

Key companies operating in the global market are Iran Saffron Company; Gohar Saffron; Saffron Business Co.; and Rowhani Saffron Co.

In-Depth research report on Saffron Market:

http://www.grandviewresearch.com/industry-analysis/saffron-market