NEW YORK, Feb. 23, 2017 /PRNewswire/ --
US Industry Study with Forecasts for 2020 & 2025
Read the full report: http://www.reportlinker.com/p04708282-summary/view-report.html
After a decade of strong growth in response to regulations regarding disinfection byproducts in drinking water and mercury emissions from coal-fired power plants and other industrial sources, demand for activated carbon is projected to moderate going forward, reaching 970 million pounds in 2020 on annual gains of 3.5 percent. Water treatment and industrial air purification will continue to dominate demand, but smaller markets such as pharmaceutical processing will show faster gains.
This study will answer the following questions:
- How will environmental regulations continue to shape the activated carbon market?
- Which products and markets will show the strongest growth prospects?
- How are suppliers adapting their production capacity and product offerings in response to changes in demand?
Description
Increasing consumer demand for natural products, driven by health concerns about artificial ingredients and a desire for transparency in labeling, will have a strong impact on demand for natural flavors and fragrances in the US.
Essential oils & natural extracts to remain the largest segment
Essential oils and natural extracts will remain the largest natural flavor and fragrance product segment in 2020. Demand for essential oils will be driven by growing consumer desire for cleaning products and environmental fragrance goods with natural ingredients, spurred by concerns regarding exposure to synthetic chemicals. However, stronger growth will be restrained by declining carbonated soft drink production, one of the largest markets for essential oils and natural extracts in 2015. Continuing interest in foods with exotic or ethnic flavors will help drive demand for natural flavor blends, which are forecast to register the fastest gains.
Consumer preferences for natural products to fortify the food market
Growing consumer demand for food products with "clean" labels, as well as products that are free from additives such as artificial flavors, will help the food market maintain the leading position as the largest natural flavor and fragrance market in 2020.
"Free-from" cleaning products to stimulate growth
The natural ingredients movement has also had an impact on the cleaning product market -- where consumers are turning more often to goods without artificial fragrances or dyes -- as well as the cosmetics and toiletries market. This demand for "free-from" formulations will help drive above average demand growth for natural fragrances in laundry and dishwashing detergents, polishes and sanitation goods, and other cleaners.
Study coverage
Natural Flavors & Fragrances presents historical demand data (2005, 2010 and 2015) plus forecasts (2020 and 2025) by market (food, cosmetics and toiletries, beverages, environmental fragrance goods, cleaning products, other) and product (essential oils and natural extracts, natural flavor blends, natural aroma chemicals).
Read the full report: http://www.reportlinker.com/p04708282-summary/view-report.html
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