Flavors and Fragrance Market by Type (Flavors and Fragrance), Nature (Natural and Synthetic), and Application (Food & Beverages, Cosmetics & Personal Care, Home Care and Fabric Care): Global Opportunity Analysis and Industry Forecast, 2021–2027
The global flavors and fragrance market size was valued at $28,193.1 million in 2019, and is projected to reach $35,914.3 billion by 2027, registering a CAGR of 4.7% from 2021 to 2027. Flavors and fragrance ingredients are natural and synthetic substances, which when added to products give them the desired smell. Fragrances are used extensively in products such as detergents, cosmetics, soaps, toiletries and others. Ingredients for fragrances are generally extracted from natural or petroleum raw materials and are used widely in personal care and other consumer goods. Moreover, the food & beverage industry requires flavors for different purposes such as new product development, add new product line, and change the taste of existing product. High demand for new flavors from the food & beverages industry and continuous innovation drive the growth of the flavors and fragrance market. In addition, increase in requirement from the fast food industry is expected to provide growth opportunities in the flavors and fragrance market during the forecast period.
Rise in concern among consumers about the long-term health effects of artificial ingredients and additives in food products has increased the demand for natural and healthy ingredients in food products, which majorly drives the growth of the flavors and fragrance market. Apart from this, food flavor manufacturers have been adopting new technologies to produce better varieties of natural and artificial flavors to increase their stability and suitability. For instance, producing fruit flavors is a complicated task as the original taste and flavor is reduced during the extraction process, which makes it difficult to retain the original flavor. Therefore, to retain its flavor, manufacturers are inventing and adopting advanced technologies such as solid-liquid extraction (SLE), supercritical carbon dioxide extraction, supercritical fluid extraction, and others.
The flavors and fragrance industry has been segmented on the basis of type, nature, application, and region. On the basis of type, the market is divided into flavors and fragrance. By nature, it is divided into natural and synthetic. On the basis of application, it is categorized into food & beverages, cosmetics & personal care, home care and fabric care. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the flavors and fragrances industry report includes Firmenich SA, Frutarom Industries Ltd., Givaudan International SA, Huabao International Holdings Limited, Kerry Group, PLC, Robertet SA, S H Kelkar and Company Limited, Sensient Technologies Corporation, Symrise AG and International Flavors & Fragrances, Inc.
KEY BENEFITS FOR STAKEHOLDERS • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flavors and fragrance market analysis from 2019 to 2027 to identify the prevailing market opportunities.
• The market research is offered along with information related to key drivers, restraints, and flavors and fragrance market opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the flavors and fragrance market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the flavors and fragrance market players.
• The report includes analysis of regional as well as global flavors and fragrance market trends, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS • By Type
• By Nature
• By Application
o Food & Beverages
o Cosmetics & Personal Care
o Home Care
o Fabric Care
• By Region
o North America
Rest of Europe
Australia & New Zealand
Rest of Asia-pacific
Rest of LAMEA
Our reports have been used by over 10K customers, including:
Flavours and Fragrance Ingredients Market Report - Industry Size, Competition, Trends and Growth Opportunities by Region - COVID Impact Forecast by Types and Applications (2021-2028) Flavours and Fragrance Ingredients Market Overview Flavours and Fragrance Ingredients Market Research Report - is...
The Flavor and Fragrance market report analyses companies, market size outlook across types, applications, countries along with competitive strategies, trends, drivers, opportunities and market developments. The base year for the study is 2020 and the forecast period is from 2021 to 2028.
The global Flavor and Fragrance market is...
The Flavors and Fragrances market report analyses companies, market size outlook across types, applications, countries along with competitive strategies, trends, drivers, opportunities and market developments. The base year for the study is 2020 and the forecast period is from 2021 to 2028.
The global Flavors and Fragrances market...
The Flavors and Fragrances Chemicals market report analyses companies, market size outlook across types, applications, countries along with competitive strategies, trends, drivers, opportunities and market developments. The base year for the study is 2020 and the forecast period is from 2021 to 2028.
The global Flavors and Fragrances...
As the global chemicals industry is at the onset of the recovery phase, companies are focusing on identifying and monetizing new opportunities in the industry. The majority of the chemical industries are likely to record volume growth of 4% to 8% in the short term, depending on the chemical sub-segment and product portfolio. A large volume...
What’s Ahead for the Flavor and Fragrance Industry?--Emerging Opportunities and Growth Strategies for Suppliers - Will the industry consolidate, decentralize, or undergo a bimodal transformation? - How will the current trends affect the major market segments? - Which companies will enter the market and which...
2021 Flavors, Fragrances, Aroma Chemicals, Essential Oils--Market Analysis, Competitive Landscape, Global Forecasts--A New Formula for Success--Market Insights and Manufacturing Know-How to Support Customer Demands
This new 154-page report provides analysis of the world’s flavor and fragrance market trends, as...
The global flavors and fragrances market reached a value of US$ 31.7 Billion in 2020. Flavors and fragrances are substances that are used to enhance the overall aesthetic value of a product by altering its smell and taste. Flavors are majorly used in the foods beverages dairy and confectionary industries, whereas, fragrances are used for providing...
279 pages •
By Global Industry Analysts
• Apr 2021
- Global Aroma Ingredients Market to Reach $3.2 Billion by 2027
- Amid the COVID-19 crisis, the global market for Aroma Ingredients estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$3.2 Billion by 2027, growing at aCAGR of 4.4% over the period 2020-2027. Synthetic Ingredients,...
Flavors And Fragrances
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.