Floral flavors are the essential components which are used in our day to day foodstuffs that makes a person feel refreshed and provides a great aromatic flavored essence to the regular food.There are various floral flavors such as chrysanthemum, hibiscus, jasmine, lavender, rose, orange blossom, chamomile, cherry blossom and violet used in food and beverage industry. The new emerging trend in the floral flavor market is the combination of fruit and floral flavors in the food and beverages products. The floral flavors are mainly used in the ready to drink beverages. It is gaining popularity for a healthier lifestyle mostly in premium and elite population all over the world. The floral flavors provide excellent and unique benefits with an increased healthy attributes. Many beverage manufacturing companies are using various blends of floral flavors in tea and packed water and provides great aroma to the drinks. Apart from this, most health conscious people are moving towards the consumption of variety of flavored drinks. The floral flavored ingredients are usually integrated into natural food products essentially for health and new flavors.Due to increased benefits the floral flavor market is seeking towards healthy CAGR over the forecast period.
Global Floral Flavors: Market Segmentation
The global floral flavors market can be segmented on the basis of raw material used such as hibiscus, chrysanthemum, jasmine, cherry blossom, orange flower, elderflower, lotus flower, violet and rose. Cherry blossom and hibiscus are most commonly used floral flavours in the tea and packed water. The global floral flavors market can be further segmented on the basis of application type such as beverages, dairy, desserts, tea & coffee, confectionery, nutraceuticals and others. Among these application segment tea & coffee segment contributes a major market share in terms of revenue contribution. Beverage segment is further sub-segmented as energy drinks, bottled waters and alcoholic beverages. Apart from this the global floral flavor market can be segmented on the basis of product form includes extract form, liquid form and distillate form.
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Global Floral Flavors Market: Growth Drivers
Robust growth of disposable personal income along with rising population is anticipated to bolster the growth of global floral flavors market. Along with this increasing interest in naturalness and spreading awareness of the health benefits of floral flavors with the desire to develop the rise for floral flavorings. Apart from this, changing lifestyle along with urbanization is expected to drive the global floral flavors market during the forecast period. The advent of new class of customers as well as the entry of various new global players is expected to intensify the growth of floral flavors market all across the globe during the forecast period. This is anticipated to further drive the growth of global floral flavors market over the forecast period.
Global Floral Flavors Market: Regional Outlook
Geographically, the global floral flavors industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. Europe contributed the highest share in the global floral flavors market in 2015. Popularity of floral flavors in European region such as in Switzerland and Germany, also popular in Japan and Middle East and is expanding mostly in Western countries such as North America and has strengthened the growth of Europe market in the same year. The German flavor company Wild Flavors is expanding its range of floral flavor and blossom blends by using floral flavors such as lavender, rose and elderberry in fruit combinations. Rising economic growth along with better income of households especially in Europe is expected to expand the growth of floral favors market over the forecast period.
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Global Floral Flavors Market: Players
Some of the key players identified across the value chain of the global floral flavors market includes Abelei Flavors, Teawolf Inc., Givaudan S.A., Symrise AG, Firmenich SA, Sensient Technologies, Mane SA, International Flavors and Fragnances (IFF), Aarav Fragrance and Flavors Pvt Ltd. and Frutarom Industries Ltd. The Givaudan S.A. incorporates highest market share in the floral flavors market in 2015. The Sensient Flavors is upcoming with eight new flavor trends along with fruit and floral flavor pairings, which is expanding worldwide in the floral flavor market.
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