What is the current market size of the Botanical Flavors from Fruits Market, and what is the projected growth by 2030?

The Botanical Flavors from Fruits Market was valued at USD 8.06 billion in 2023 and is projected to reach a market size of USD 12.61 billion by the end of 2030, with a projected CAGR of 6.6% over the forecast period (2024-2030).

What are the key factors contributing to the growth of the botanical flavors market?

The market is driven by consumer preferences for natural and authentic tastes, innovation in extraction methods, increased awareness of health benefits, and the quest for novel flavor profiles. Additionally, the use of botanical extracts in the food and beverage sector, especially in organic and healthy products, contributes to market growth.

How is technology influencing the botanical flavors market, and which extraction technique is predominant?

Cutting-edge Carbon Dioxide (CO2) extraction techniques are prominently utilized, producing highly pure fruit extracts known for superior quality. CO2 extraction is the largest and fastest-growing segment, valued for its versatility and application in various industries.

What are the significant trends in the food and beverage sector driving the botanical flavors market?

In 2021, the food and beverage sector held the largest market share, driven by global demand for organic, healthy, and minimally processed food products. Botanical extracts contribute to prolonged product shelf life, and their antimicrobial properties are crucial in this sector.

Which regions dominate the Botanical Flavors from the Fruits Market, and what factors contribute to their growth?

Europe is currently the largest segment, with Asia-Pacific being the fastest-growing. Factors contributing to the growth include the increasing growth of beverage products, elevated consumption of ready-to-drink beverages, and a shift towards healthful and organic ingredients.