Natural Distillate Market 2024, by Services, Company Profiling, Business Revenue, and Growth Opportunities to 2034
Revenue from the sales of natural distillates is expected to be USD 2,767 million in 2024. The natural distillate market is estimated to attain USD 6,207 million by 2034. Throughout this period, the market is anticipated to record a CAGR of 8.4%. The demand for natural distillates is surging across various end-use sectors. In the food and beverage processing sector, the demand for natural distillates is rising as they extend shelf life, reduce dependence on artificial additives, and act as preservatives. They also help food and beverage manufacturers to develop innovative products using varied flavor profiles. The application of natural distillates is also rising in seasonal offerings and limited editions as they capture the essence of seasonal herbs and fruits. These distillates also enhance the visual appeal of baked goods by imbuing them with a natural color. Rising consumer demand for beverages that have less artificial taste profile is fueling demand for natural fru...