Essences are those substances which give flavor to substance altering the flavor of solute. Fruit essences are fruit flavors obtained during the concentration process of fruit juice and during the separation process of aromatic compounds from various fruits. The fruit essence is applicable to juices, sorbets, dairy blends, bakery, confectionary and others. Fruit essences are active ingredients used in the manufacturing of personal care and cosmetic products. The developing trend to maintain a healthy lifestyle is increasing, individuals are turning to use of natural and organic ingredients in their diet. Fruit essence is readily used in function drinks, enhanced water, sports drinks as a natural source of nutrients, vitamins and minerals. Globally various fruits are available in different regions making the easy availability of fruits for the production of essences.
Growing Applications of Fruit Flavors Is Expected To Boost the Market
Fruit essences are broadly being used in various beverages, cakes, jams, jellies, confectionery and others. Due to these applications, the global market for fruit essences is expected to grow over the forecast period. Fruit essences are expected to play an important role in addressing health issues such as blindness, blood pressure, diabetes, cholesterol and other disease caused due to deficiency of vitamins, minerals. Essences have a long shelf life in comparison to fruit extracts. There are no known hazards for consumption of fruit essence as mainly they are manufactured from natural fruits. Fruit essences give the natural authentic taste to foods and beverages and so is fueling the market of fruit essences. Fruit essences are an economic and convenient substitute for fresh fruits in various different applications. Fruit essence is expected to increase its demand in fruit-flavored infant formula which provides essential minerals and vitamins for the growth of infants. Increased in consumption of processed foods has increased the demand for natural flavorings in the production which is expected to boost the market of fruit essences.
Fruit Essences Market Segmentation
On the basis of nature, the fruit essences market has been segmented as-
- Artificial/ Synthetic
On the basis of source, the fruit essences market has been segmented as-
- Others (coconut, pineapple, mixed, etc.)
On the basis of form, the fruit essences market has been segmented as-
On the basis of end user, the fruit essences market has been segmented as –
- Food and Beverages
- Fragrance Industry
On the basis of application, the fruit essence market has been segmented as-
- Food Industry
- Ice Cream
- Fruit Jams and Jellies
- Bakery Dessert
- Functional Beverages
- Sports Drinks
- Health Drinks
- Enhanced Fruit Drinks
- Enhanced Water Drinks
- Personal Care Products
- Skin Care Products
On the basis of distribution channel, the fruit essences market has been segmented as-
- Hypermarkets/ Supermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Fruit Essences Market: Key Players
The key market players operating in fruit essences market Synergy flavors Inc., Kerry Inc., Agua enerviva LLC., Dohler GmbH, Firmenich S.A., Lotioncarfter LLC., Kanegrade Ltd., Shenzhen Tangzheng Biotechnology Co., Ltd., Treatt PLC., The Green Labs LLC. and Northwest Naturals LLC.
Fruit Essences Market Opportunities
The fruit essence has various applications in functional beverages and is also applicable to functional foods, dietary supplements, nutraceutical and others. People are shifting from junk foods to foods manufactured from natural and organic ingredients. Fruit essences are expected to grow popular among health-conscious people due to the presence of abundant nutrients and micronutrients. The manufacturers are focusing on natural essences due to increase in food safety concerns and clean labeling. Research & developments and technological advancements in the process of extraction is expected to boost the market. The manufacturers of cosmetics and personal care products are turning towards the use of natural ingredients and so is expected to increase the use of fruit essence in the manufacturing of products.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the fruit essences market, including but not limited to: regional markets, nature, source, form, end user, application and distribution channel.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The fruit essences market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the fruit essences market report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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