PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1551830
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1551830
Floral Flavors
Global Floral Flavors Market to Reach US$1.7 Billion by 2030
The global market for Floral Flavors estimated at US$971.2 Million in the year 2023, is expected to reach US$1.7 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2023-2030. Beverage Application, one of the segments analyzed in the report, is expected to record a 8.6% CAGR and reach US$993.8 Million by the end of the analysis period. Growth in the Food Application segment is estimated at 8.0% CAGR over the analysis period.
The U.S. Market is Estimated at US$264.6 Million While China is Forecast to Grow at 11.7% CAGR
The Floral Flavors market in the U.S. is estimated at US$264.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$353.0 Million by the year 2030 trailing a CAGR of 11.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.2% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.
Global Floral Flavors Market - Key Trends and Drivers Summarized
How Are Floral Flavors Influencing Contemporary Culinary Trends?
Floral flavors are increasingly influencing contemporary culinary trends, adding a delicate and sophisticated touch to dishes and beverages across various cuisines. Chefs and food innovators are harnessing the subtle yet distinct tastes of flowers such as lavender, rose, hibiscus, and elderflower to create unique flavor profiles that elevate the dining experience. These flavors are being infused into everything from desserts and cocktails to savory dishes and sauces, providing a fresh and aromatic appeal that captivates the modern palate. The trend toward natural and botanical ingredients, driven by consumer interest in health and wellness, has further propelled the popularity of floral flavors, as they are often associated with natural purity and health benefits.
What Innovations Are Enhancing the Functionality of Floral Flavors?
Innovations in the use of floral flavors are enhancing their functionality by improving extraction methods, stability, and compatibility with other ingredients. Advanced extraction techniques such as supercritical CO2 extraction and ultrasonic extraction are being employed to capture the essence of floral flavors more effectively and sustainably. These methods ensure that the delicate nuances of the flowers are preserved, resulting in purer and more intense flavors. Additionally, food scientists are working on encapsulation technologies that help maintain the stability and prolong the shelf life of floral extracts when incorporated into food and beverage products. Such innovations make it easier for manufacturers to use floral flavors in a wider range of products without compromising quality or taste.
How Do Floral Flavors Impact Health and Wellness Trends?
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Floral Flavors - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
III. MARKET ANALYSIS
IV. COMPETITION
