Players in the global floral flavour market are focussing on enhancing their geographical presence by establishing new production plants and research and development centres in different geographical locations across the globe. Companies are also collaborating with suppliers, end-use industries and with others members of the supply chain for forward and backward integration in the global floral flavour market. This is one of the key findings presented in a new report published by XploreMR titled “Floral Flavour Market: Global Industry Analysis and Opportunity Assessment, 2017–2027.” Our analysts have observed that the floral flavour industry in developing regions such as Asia Pacific and Latin America has witnessed rapid growth due to low labour costs and low cost of raw material. In addition, high demand for floral flavours in products such as nutraceuticals, cigars, and other tobacco products leads to increasing demand for floral flavours in the global market. According to our analysis, North America is expected to remain dominant in the global floral flavour market with significant revenue share.
After a detailed study of the market, our analysts have noticed that the value share of the hibiscus segment is relatively high in the global floral flavour market with substantial growth rate. In beverages, the demand for alcoholic beverages with floral flavours such as white wine is growing at a rapid rate and the beverages segment is anticipated to contribute more than half of the total floral flavour market share, making beverages an attractive segment in the global floral flavour market.
Parent market overview
Floral flavours are a class of flavours used in various foods, beverages, and other products. These flavours impart specific flavours of flowers such as hibiscus, rose, jasmine, neroli, lavender, violette, etc. These are used in several food products, i.e. dairy, bakery, confectionaries, snacks, fats, and oils; beverages such as wine, herbal tea, soft drinks, health drinks, and flavoured water; and other products such as nutraceuticals, cigars, etc. The floral flavour market comprises relatively low revenue share in the global flavour market, attributed to high cost and relatively low popularity than other flavours.
Floral Flavour Market: Food End Use Segment Anticipated to Grow at a Moderate CAGR During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2017–2027Buy Now
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