Natural Berry Flavor Market

Natural Berry Flavor Market Research Analysis 2022 - 2027:

Natural Berry Flavor Market was at USD xx.xx million in 2019 and is anticipated to reach over USD xx.xx million, recording a CAGR of xx.xx% throughout the foreseen period 2022 - 2027.

Berries are the pitted fleshy fruit and are generally produced from a single flower that has one ovary. Berries include grapes, gooseberries, tomatoes, cucumbers, and many more. They are rich in nutrients, including phytochemicals, minerals, flavonoids, vitamins, carotenoids, antioxidants, and polyphenols. Due to the presence of these components in berries, it is useful for the skin and is frequently used for its antioxidant and anti-inflammatory properties. Berries are considered one of the juiciest foods due to their large amount of water and their delicious smell. Berries are high in vitamin C and help support radiant skin and healthy hair. It is these components of the berries that are known to be beneficial for the skin, and they are used most often for their anti-inflammatory and antioxidant properties. In addition to antioxidants, berries are "juicy foods," which means that they mostly contain water. Plus, they smell delicious. Eating berries rich in vitamin C will contribute to radiant skin and healthy hair, and can reduce the risk of arthritis, cataracts, and macular degeneration.

Recent Developments

Archer Daniels Midland signed a deal to procure Wild Flavors, a Swiss-German natural ingredients company for 2.3 billion euros to extend its operations in the health food and flavors sectors. ADM, one of the world’s largest grain traders and a major food processor, said Monday that it will create a new business unit called Wild Flavors and Specialty Ingredients and is expected to close the deal at the end of the deal of the year.

Mazza Innovation Ltd. is pleased to announce that it has been acquired by Sensient Technologies Corporation, a global manufacturer and distributor of colors, flavors and fragrances. The acquisition is effective immediately and the terms of the acquisition were not disclosed. The extraction facility at the Mazza mill at Delta headquarters, British Columbia, will remain in place.

Amsterdam Commodities N.V. (Acomo) has signed an agreement with SunOpta regarding the acquisition of Tradin Organic Agriculture B.V. Tradin Organic has been part of the SunOpta group of companies since 2008, and through collaborative efforts, Tradin has grown to become one of the leading processors and distributors of certified organic food ingredients.

Firmenich signed an agreement to acquire Natural Flavors, Inc., Newark, N.J., a flavor manufacturer that is U.S.D.A. certified organic product. Terms of the acquisition have not been announced. The Natural Flavors product line includes organic and natural flavor solutions. The company has a manufacturing plant in Newark.

Elixinol, one of the world's most influential CBD brands with nearly three decades of experience in the hemp industry, announced today that it has purchased a 25% stake in Altmeds LLC, pioneer and leading manufacturer of Hemp Pet Releaf-derived CBD From the market line for pets. Pet Releaf sales accounted for about 65% of CBD pet sales last year.

Grand Rapids-based Cold Brew Coffee Prospectors announced that it has completed the acquisition of Bloom Ferments Kombucha, another local beverage startup. The two companies moved storage and production to a 12,000-square-foot space near 44th Street and east of Paris, under the name Prospectors Specialty Beverage LLC.

REPORT COVERAGE:

Market Drivers and Restraints:

The global natural berry flavor market is supposed to experience modest growth over the next two years. The natural berry flavor has gained significant momentum with the high demand for clean labels and natural flavors in food and beverages. The growth is supported by several macroeconomic factors, such as population growth, GDP recovery, and increased disposable income, which have played an important role in increasing demand for natural berry flavors. In addition, its high demand is due to the increased use of berry aroma in beverages and baking applications. Rapid urbanization, along with changing lifestyles, changing tastes and preferences, changing food habits, as well as the growing level of awareness about the health benefits of natural berry flavor, are driving the growth of the global natural berry flavor market. However, the increasing cost of raw materials and issues related to the stability and durability of natural flavors compared to synthetic flavors are some of the factors affecting the growth of the market for natural berry flavors. Technologists and food companies in this market are continuously involved in research and development activities to improve the profile of natural berries in order to provide various flavors that add flavor and nutritional value to the diets consumed.

Market Segmentation:

The global natural berry flavor market can be segmented based on application, product type and region. On the basis of the application, the natural berry flavorings market can be segmented into functional beverages, confectionery, dairy, bakery and others. Based on the type of product, the market for natural berry flavor can be divided into chemical flavorings, natural extracts, essential oils and others.

Impact of COVID-19 on Natural Berry Flavor Market

The coronavirus pandemic is foreseen to have a moderate and adverse impact on the global market. Due to limited activities in the supply chain, manufacturers are unable to source raw material and manufacture products to meet demand. Additionally, due to government initiatives such as closures, manufacturing plants were also shut down due to limited available manpower. Global companies face challenges in importing and exporting finished products, due to limited international business activities. All these factors have had a cumulative impact on the entire supply chain, which has had a negative impact on the market. However, after the pandemic, the market for natural berry flavour is supposed to experience an optimistic growth trend, due to the increase in the number of consumers who prefer natural berry flavour and others, change in the modes of consumption consumer life towards a healthier diet. Therefore, the market should be stagnant until the fourth quarter of 2020.

Regional Analysis:

The global Natural Berry Flavor market has been categorized by geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. The North American market is expected to account for a significant portion of the global market revenue in 2019. This is driven by the growing demand for natural, plant-based flavors in various end-use industries to enhance taste and appeal products. The Asia-Pacific is the fastest growing market for natural berry flavors due to the changing standard of living and the growth of the food and beverage industries in major countries such as China and India in Asia Pacific region.

Leading Company

Firmenich SA had the largest share of the Natural Berry Flavor Market in terms of sales and revenue in 2019.

Key Players

Key players in the Natural Berry Flavor Market include Frutarom Industries Ltd., Firmenich SA, Kerry Group PLC, Symrise AG, Sensient Technologies Corporation, Wild Flavors and Specialty Ingredients, Takasago International Corporation, Givaudan, and among others