The global flavor and fragrance market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 8.2 billion by 2030. The growth of this market is driven by the increasing demand for flavors and fragrances in food and beverages, daily chemicals, tobacco industry, and others. The flavor segment is expected to grow at a CAGR of 4.6% during the forecast period due to its wide application in food & beverages industry which accounts for more than 50% share in the total revenue generated from this segment.
Some Of The Growth Factors Of This Market:
- Increasing demand for natural flavors and fragrances in food products is also attributed to the growing awareness about health benefits associated with these ingredients such as weight management, improved immunity, reduced risk of cancer etc, which has led consumers towards healthier lifestyles that include consumption of healthy foods with natural ingredients such as fruits and vegetables that have high levels of antioxidants or other nutrients that promote good health.
- The rising popularity of organic foods has also contributed significantly towards the growth in demand for natural flavors and fragrances in food products because they are free from any harmful chemicals or pesticides used during cultivation or production process; this trend will continue into the future as more consumers become aware about its benefits on their health.
Industry Growth Insights published a new data on “Flavor and Fragrance Market”. The research report is titled “Flavor and Fragrance Market research by Types (Flavor, Fragrance), By Applications (Food and Beverages, Daily Chemicals, Tobacco Industry), By Players/Companies Givaudan, Firmenich, IFF, Symrise, Takasago, WILD Flavors, Mane, International Flavors?Fragrances, Sensient, Robertet SA, T. Hasegawa, Kerry, McCormick, Synergy Flavor, Prova, Huabao, Yingyang, Zhonghua, Shanghai Apple, Wanxiang International, Boton”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flavor and Fragrance Market Research Report
By Type
Flavor, Fragrance
By Application
Food and Beverages, Daily Chemicals, Tobacco Industry
By Companies
Givaudan, Firmenich, IFF, Symrise, Takasago, WILD Flavors, Mane, International Flavors?Fragrances, Sensient, Robertet SA, T. Hasegawa, Kerry, McCormick, Synergy Flavor, Prova, Huabao, Yingyang, Zhonghua, Shanghai Apple, Wanxiang International, Boton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Flavor and Fragrance Market Report Segments:
The global Flavor and Fragrance market is segmented on the basis of:
Types
Flavor, Fragrance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Daily Chemicals, Tobacco Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Givaudan
- Firmenich
- IFF
- Symrise
- Takasago
- WILD Flavors
- Mane
- International Flavors?Fragrances
- Sensient
- Robertet SA
- T. Hasegawa
- Kerry
- McCormick
- Synergy Flavor
- Prova
- Huabao
- Yingyang
- Zhonghua
- Shanghai Apple
- Wanxiang International
- Boton
Highlights of The Flavor and Fragrance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flavor
- Fragrance
- By Application:
- Food and Beverages
- Daily Chemicals
- Tobacco Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flavor and Fragrance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flavor and fragrance are the essential elements of food. They provide the taste, smell, and texture that make food enjoyable to eat.
Some of the key players operating in the flavor and fragrance market are Givaudan, Firmenich, IFF, Symrise, Takasago, WILD Flavors, Mane, International Flavors?Fragrances, Sensient, Robertet SA, T. Hasegawa, Kerry, McCormick, Synergy Flavor, Prova, Huabao, Yingyang, Zhonghua, Shanghai Apple, Wanxiang International, Boton.
The flavor and fragrance market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flavor and Fragrance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flavor and Fragrance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flavor and Fragrance Market - Supply Chain
4.5. Global Flavor and Fragrance Market Forecast
4.5.1. Flavor and Fragrance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flavor and Fragrance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flavor and Fragrance Market Absolute $ Opportunity
5. Global Flavor and Fragrance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flavor and Fragrance Market Size and Volume Forecast by Type
5.3.1. Flavor
5.3.2. Fragrance
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flavor and Fragrance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flavor and Fragrance Market Size and Volume Forecast by Application
6.3.1. Food and Beverages
6.3.2. Daily Chemicals
6.3.3. Tobacco Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flavor and Fragrance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flavor and Fragrance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flavor and Fragrance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flavor and Fragrance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flavor and Fragrance Demand Share Forecast, 2019-2026
9. North America Flavor and Fragrance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flavor and Fragrance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flavor and Fragrance Market Size and Volume Forecast by Application
9.4.1. Food and Beverages
9.4.2. Daily Chemicals
9.4.3. Tobacco Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flavor and Fragrance Market Size and Volume Forecast by Type
9.7.1. Flavor
9.7.2. Fragrance
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flavor and Fragrance Demand Share Forecast, 2019-2026
10. Latin America Flavor and Fragrance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flavor and Fragrance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flavor and Fragrance Market Size and Volume Forecast by Application
10.4.1. Food and Beverages
10.4.2. Daily Chemicals
10.4.3. Tobacco Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flavor and Fragrance Market Size and Volume Forecast by Type
10.7.1. Flavor
10.7.2. Fragrance
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flavor and Fragrance Demand Share Forecast, 2019-2026
11. Europe Flavor and Fragrance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flavor and Fragrance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flavor and Fragrance Market Size and Volume Forecast by Application
11.4.1. Food and Beverages
11.4.2. Daily Chemicals
11.4.3. Tobacco Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flavor and Fragrance Market Size and Volume Forecast by Type
11.7.1. Flavor
11.7.2. Fragrance
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flavor and Fragrance Demand Share, 2019-2026
12. Asia Pacific Flavor and Fragrance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flavor and Fragrance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flavor and Fragrance Market Size and Volume Forecast by Application
12.4.1. Food and Beverages
12.4.2. Daily Chemicals
12.4.3. Tobacco Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flavor and Fragrance Market Size and Volume Forecast by Type
12.7.1. Flavor
12.7.2. Fragrance
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flavor and Fragrance Demand Share, 2019-2026
13. Middle East & Africa Flavor and Fragrance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flavor and Fragrance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flavor and Fragrance Market Size and Volume Forecast by Application
13.4.1. Food and Beverages
13.4.2. Daily Chemicals
13.4.3. Tobacco Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flavor and Fragrance Market Size and Volume Forecast by Type
13.7.1. Flavor
13.7.2. Fragrance
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flavor and Fragrance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flavor and Fragrance Market: Market Share Analysis
14.2. Flavor and Fragrance Distributors and Customers
14.3. Flavor and Fragrance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Givaudan
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Firmenich
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IFF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Symrise
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Takasago
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. WILD Flavors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mane
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. International Flavors?Fragrances
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sensient
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Robertet SA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. T. Hasegawa
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kerry
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. McCormick
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Synergy Flavor
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Prova
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Huabao
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yingyang
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Zhonghua
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Shanghai Apple
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Wanxiang International
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
