Rapidly increasing incomes and urbanization are driving interest in convenient packaged foods and fast food, which will enhance growth in the food & beverage market. Packaged goods require higher flavor loading to compensate for taste lost during large-scale manufacturing, ensuring that the food & beverage industry remains a key driver. With the thriving food sector and rising demand for processed foods, the flavor industry is poised for substantial growth.

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​​​​​​​Natural Flavors Market Size, Share, Trends & Growth Analysis 2031

The ​​​​​​​Natural Flavors Market was valued at $6.94 billion in 2023. This market is expected to reach $12.05 billion by 2031 from an estimated $7.41 billion in 2024, at a CAGR of 7.2% during the forecast period 2024-2031.