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The natural food colors & flavors market is projected to grow from USD 5,011.7 million in 2019 to reach USD 6,835.3 million by 2025, at a CAGR of 5.4% in terms of value.
Factors such as the growing concern of clean label food and healthy consumption is going to drive the market for natural food colors & flavors.
By type, caramel for colors and the natural extracts for flavors is projected to dominate the market during the forecast period.
Natural extracts are derived from plant sources and caramel is one of the most popular flavor for bakery and confectionary applications. Both of them provides aesthetic flavor and color to the recipes, therefore are in high demand among the manufacturers. The demand for clean label food ingredients is driving the market. Therefore, it is high in demand in both developed and developing economies and thereby dominating the market.