MARKET OVERVIEW- GLOBAL FOOD AROMA MARKET
Food aroma is very sensitive to the processing and storage conditions. Food aroma is very crucial for the flavour development. These molecules may be released from foods, constituting clouds surrounding them, and are responsible for their aroma properties. Food aroma is usually divided into the subsets of taste and smell, which are perceived in the month and the nose, respectively. Food aroma awakes the receptors of taste on the tongue and by smell receptors in the nasal cavity, that send information to the central nervous system and give a flavor sensation. Food aroma is made of hundreds of different volatile compounds. the aroma of a food consists of many volatile compounds, only a few of which are sensorially relevant. Food aroma market demand is increased by the increasing demand from food and beverage market.
MARKET DRIVERS
The food aroma is very sensitive to the processing and storage conditions and important for food industry as flavour loss as well as off-flavor development is a problem for the food industry. In addition, the increasing demand for components of food aromas has become more important than ever with the transformation of food systems and the increased innovation in the food industry. Furthermore, the increasing demand for sustainable and natural food aroma in food industry due to the increasing penetration of convenience foods coupled with fast paced life and changing consumer preference will boost the market growth.
MARKET OPPORTUNITIES
The increasing investments made in research and development and innovations ongoing regarding food aroma components will boost the market growth over the forecast period. The increasing food trends such as consumers are increasingly preferring food and beverages that use natural flavor and aromas. There is strong demand for natural flavours such as rosemary, cinnamon, oregano, and clove possess antioxidant properties with high levels of phenolic compounds, which is beneficial for health. The market expansion is also led by growing usage of natural food aromas owing to increasing consumer preference for authentic and healthier food items.
MARKET RESTRAINTS
The food aroma market is restricted by headaches, eye, nose, and throat irritation, nausea, forgetfulness, loss of coordination, and other respiratory and/or neurotoxic symptoms. Other food aroma compounds are caused respiratory irritants and sensitizers which can trigger asthma attacks and aggravate sinus conditions. These factors may hinder the market growth over the forecast period.
MARKET GROWTH CHALLENGES
The food aroma compounds are very much sensitive to food storage and processing conditions. Food industry is mainly facing problem such as flavour loss as well as off-flavour development. In addition, there are many factors that can alter taste perceptions, ranging from an individual’s age to the temperature of the food challenge the market growth over the forecast period.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the global Food Aroma market, market size, and compound annual growth rate (CAGR) for 2022-2028, considering 2021 as the base year. The increasing demand for Food Aromas in various end user applications is expected to propel growth at a specific CAGR from 2021-2028.
FOOD AROMA MARKET SEGMENTAL OVERVIEW
The global Food Aroma market comprise different market segments like source, application, end users and geography
FOOD AROMA MARKET BY SOURCE
By source, Food Aroma include key segments of
The Bovine segment is expected to hold a major share of the market over the forecast period. Bovine collagen is the cheap source as it gets from cows. It is cheaper to extract therefore is very commonly used in many cosmetics. In addition, Bovine collagen is easily absorbed by the body, as it's the closest form of collagen to that found in humans. The person who has intestinal problems, bovine collagen is better such person.
FOOD AROMA MARKET BY APPLICATION
By application, Food Aroma include key segments of
- Orthopedic
- Wound Care
- Dental
- Surgical
- Cardiovascular Diseases
- Others
The Orthopedic segment is the highest market holder in the global collagen & gelatin market. Collagen fleece is a relatively new development. Many patients with arthritis take gelatin supplements. Gelatin contains collagen. That's the material in the cartilage that cushions the bones in your joints. In animal studies, gelatin supplements also reduced swelling caused by rheumatoid arthritis. Henceforth, it is proven that the Orthopedic segment is taking a major chunk of the market over the forecast period.
FOOD AROMA MARKET BY END USERS
The Food Aroma market have been divided based on end users such as Hospitals
- Food and beverages
- Healthcare
- Cosmetics
- Others
Healthcare is expected to hold the majority of the market share in the forthcoming years. Food Aroma is used in the structure and function of skin, cartilage, bones, and connective tissue. In addition, medical uses of collagen include dressings to promote wound healing. In addition, the increasing use as stabilizers and excipients in pharmaceutical additives. These factors are driving the market growth over the forecast period.
FOOD AROMA MARKET BY GEOGRAPHY
The global Food Aroma market is studied for the following region
- North America
- Europe
- Asia-Pacific
- Rest of the world (RoW)
North America was the largest market for Food Aroma. North America is expected to dominate the region and that is owing to the increasing health awareness coupled with well-established healthcare will drive the market growth. In addition, the increasing number of surgeries in soft tissue augmentation will boost the market growth. By the study report, USA Today, Americans spent almost $300 million on collagen supplements in 2020, and the global market was expected to increase in the coming period.
COVID-19 IMPACT ANALYSIS ON THE GLOBAL FOOD AROMA MARKET
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors in the global Food Aroma market. In addition, a complete analysis of changes in the global Food Aroma market expenditure, and economic and international policies on the supply and demand side is provided in this exclusive report. The report also studies the impact of a pandemic on global economies, international trade, business investments, GDP, and the marketing strategies of key players s present in the market.
There were many clinical cases were registered due to COVID-19 uncertainty and the global pandemic situation. The Food Aroma market have seen a moderate impact of COVID-19. By the study reports, it was seen, COVID-19 causes increased collagen deposition in a manner similar to H1NS influenza. the start-up says there is a significant demand for healthier and more sustainable ingredients, Amid the COVID-19 pandemic. Consumers are becoming more aware of the ingredients in the products they use daily especially given the circumstances around COVID-19. The collagen treatment for GERD in COVID-19 is suggested as an alternative to some other GERD drugs.
COMPETITIVE LANDSCAPE ANALYSIS
The Food Aroma market has leading operating players that are primarily focused on expanding the global growth of the Food Aroma industry with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in the Food Aroma sector led to the growing demand for the market. Besides, the market offers a range of products in different applications to fulfill the required demand of consumers, which further contributes to healthy growth in the market.
The key players studied in the market are
- Rousselot
- Nitta Gelatin Inc
- Gelita AG
- Collagen Matrix, Inc.
- Weishardt
- Tessenderlo Group
- Junca Gelatines S.L
- Norland Products Inc
- Trobas Gelatine B.V
- Sterling Gelatin
- Ewald-Gelatine GmbH
- Lapi Gelatine S.p.A
- Italgelatine S.p.A
- Collagen Solutions plc
- Advanced BioMatrix Inc
RECENT DEVELOPMENT:
June 2022: Nitta Gelatin Inc has announced the acquisition of Vyse Gelatin company, which is a North American company of gelatin and collagen.
Dec 2020: Gelita has acquired the majority stake in SelJel, a Turkish gelatin producer. This deal improves Gelita’s ability to participate in the growing demand for halal gelatine, especially in the Islamic and Asian countries
