Market Size of Floral Flavors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Floral Flavors Market Analysis
The floral flavors market is projected to register a CAGR of 5.1% over the next five years.
- Floral flavors have found favor among food and beverage manufacturers seeking more natural and botanical ingredients. Some of the most commonly used floral flavors include jasmine, rose, hibiscus, elderflower, lavender, orange blossom, and chrysanthemum, providing exotic tastes that offer a touch of adult sophistication to food and beverage products. Additionally, floral flavors are also increasingly being used with fruit flavors as they tend to complement the sweet and tangy fruit flavors.
- Thus, floral flavors are increasingly being used in food and beverage product launches including yogurt, beer, tea, and other products. Health-conscious consumers across the world are opting for clean-label and natural-based food and beverages, due to which production of natural and organic products is increasing in the market. Owing to this, the demand for floral flavors is increasing in the market.
- In recent years, artificial flavorings, such as benzophenone, ethyl acrylate, pyridine, and styrene, are identified as carcinogens, and thus, are being replaced by natural flavorings across the global market. On the other hand, flavors such as Hibiscus have numerous health benefits and have been used as a medicinal remedy for centuries.
- Additionally, the trend of consumption of flavored tea and coffee is also increasing across the world and the market is also increasingly making use of floral extracts in tea and coffee beverages. The addition of floral flavors in frozen desserts is also a trend as it provides a unique taste to the products. In February 2022, Baskin Robin's launched a rose-flavored ice cream called Secret Admirer in the market. Over the medium term, the demand for floral flavors is expected to increase owing to the increasing demand for processed food and beverages and natural food products.
