The analysis shows that the global market for natural flavour materials currently amounts to 184,986 tonnes and is forecast to grow at a rate of 3% per year to reach 214,692 tonnes by 2016.
RTS director Jamie Rice, said: “We believe we are the first to analyse this emerging ingredient market. Our initial findings suggest that the sector of so-called ?flavouring foodstuffs? has the potential to take a significant share from the traditional intense flavours market.”
According to RTS, this ?new? ingredient market of natural flavour materials, while difficult to define, is broadly based on using natural foodstuffs in a concentrated form.
This includes materials such as concentrated juices, concentrated spice extracts, garlic oil and wine and yoghurt powders. As a result, usage rates of natural flavour materials are similar to herbs and spices, at around 0.5%-3% of finished product weight, as consumed.
Soft drinks is by far the largest market for natural flavour materials globally, with dairy, meals and meat and poultry products much smaller yet significant markets.
As the colours market now has an established ingredient market of colouring foodstuffs, RTS believes the same principle will apply to the flavours market with the key developing sector of flavour materials.
Source: RTS
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