Natural and Organic Flavor Industry - Regional Synopsis
Europe Market Statistics
On the basis of regional analysis, the global natural and organic flavor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Europe industry is set to dominate majority revenue share by 2037, on account of declining consumption of synthetic food flavors by huge number of people, and advancement in products containing natural and organic flavor developed by food, beverages and confectionery industry. Moreover, the declining consumption of synthetic food flavors by huge number of people and the advancement in products containing natural and organic flavor developed by food, beverages and confectionery industry in this region, is further anticipated to increase the demand for natural and organic flavor.
APAC Market Analysis
On the other hand, the market in Asia Pacific is predicted to grow at the highest rate during the forecast period as a result of the significant expansion in food and beverage industries in the region. Additionally, the increase in demand for frozen and processed food amongst the consumers in the region is providing many business opportunities to flavor manufacturers which is further anticipated to raise the demand for natural and organic flavor and drive the market growth.
