Market Overview:
The global custom flavor and fragrance market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for customized flavors and fragrances from different applications such as food, cosmetics, perfume, and other applications. In addition, the growing awareness about the benefits of using customized flavors and fragrances is also contributing to the growth of this market. Regionally, North America dominates the global custom flavor and fragrance market followed by Europe. Asia Pacific is projected to be fastest-growing region during the forecast period owing to rising disposable income levels coupled with increasing demand for premium products in this region.
Product Definition:
A custom flavor and fragrance is a unique scent or flavor that is created specifically for a customer. This can be done for food, drinks, or other products. Custom flavors and fragrances are important because they can help to set a product apart from the competition and create a unique brand identity.
Flavor:
Flavor is the taste, smell or aroma that is added in food products and beverages. It enhances the flavor of a product by adding taste without any physical substance like heat, weight or volume. The global flavor industry has been witnessing significant growth over the past few years owing to increasing demand from various end-use industries such as packaged foods & beverages and cosmetics among others.
Fragrance:
Fragrance is the aroma given off by a particular natural substance, essential oil, or synthetic product. It is usually produced by using heat and steam to extract oils from plants like orange peels, lemon peel, or jasmine petals. These oils are then blended with other fragrances to give them an odor of their own.
The process of making fragrance does not involve any chemical reaction.
Application Insights:
The global market is segmented by application into food, cosmetic, perfumes and other applications. The food application segment accounted for the largest share in 2017 and this trend is expected to continue over the forecast period. Food flavors are used as ingredients in various foods such as ice creams, cakes, cookies, chips etc. They provide a unique taste experience to consumers which helps enhance consumer satisfaction leading to increased sales of products flavored using that particular flavor worldwide.
Fragrances are primarily used in personal care products such as soaps, shampoos etc., where they add value and improve the quality of these products significantly improving their shelf life also driving demand globally over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for more than 40% of the global population, and thus, a high percentage of consumers. Furthermore, rapid urbanization coupled with increasing disposable income levels has resulted in an increased demand for food products among consumers from emerging economies such as India and China. This trend is projected to have a positive impact on industry growth over the next eight years.
Europe was valued at USD X million in 2017 owing to growing consumer awareness regarding health & hygiene issues along with changing lifestyles resulting into an increase in preference for organic cosmetics products across countries like Germany and France among others are likely to boost industry growth during the forecast period. North America accounted for more than 20% share of total revenue due to strong presence of cosmetic manufacturers including Jil Sander S/GmbH; Est©e Lauder Cos Inc.; Coty Inc.
Growth Factors:
- Increasing demand for natural and organic flavors and fragrances
- Rising demand from developing countries
- Growing popularity of aromatherapy
- Proliferation of new product launches
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Custom Flavor and Fragrance Market Research Report
By Type
Flavor, Fragrance
By Application
Food, Cosmetic, Perfume, Other
By Companies
Vigon International, HASEGAWA, Carmi Flavor & Fragrance, Archer Daniels Midland Company, Sensient, Givaudan, Premier Specialties, Agilex Fragrances, Bell Flavors & Fragrances, Hogan Flavors and Fragrances
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Custom Flavor and Fragrance Market Report Segments:
The global Custom 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, Cosmetic, Perfume, Other
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:
- Vigon International
- HASEGAWA
- Carmi Flavor & Fragrance
- Archer Daniels Midland Company
- Sensient
- Givaudan
- Premier Specialties
- Agilex Fragrances
- Bell Flavors & Fragrances
- Hogan Flavors and Fragrances
Highlights of The Custom 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
- Cosmetic
- Perfume
- Other
- 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 Custom 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
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- Product & Brand Management
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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?
Custom flavor and fragrance is a term used to describe the addition of specific flavors or fragrances to products. These additives can be used to make products more appealing, or help them stand out from the competition.
Some of the major players in the custom flavor and fragrance market are Vigon International, HASEGAWA, Carmi Flavor & Fragrance, Archer Daniels Midland Company, Sensient, Givaudan, Premier Specialties, Agilex Fragrances, Bell Flavors & Fragrances, Hogan Flavors and Fragrances.
The custom flavor and fragrance market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Custom Flavor and Fragrance Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Custom Flavor and Fragrance Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Custom Flavor and Fragrance Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Custom Flavor and Fragrance Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Custom Flavor and Fragrance Market Size & Forecast, 2020-2028 4.5.1 Custom Flavor and Fragrance Market Size and Y-o-Y Growth 4.5.2 Custom Flavor and Fragrance Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Flavor
5.2.2 Fragrance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Cosmetic
6.2.3 Perfume
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Custom Flavor and Fragrance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Custom Flavor and Fragrance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Flavor
9.6.2 Fragrance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Cosmetic
9.10.3 Perfume
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Flavor
10.6.2 Fragrance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Cosmetic
10.10.3 Perfume
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Flavor
11.6.2 Fragrance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Cosmetic
11.10.3 Perfume
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Flavor
12.6.2 Fragrance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Cosmetic
12.10.3 Perfume
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Flavor
13.6.2 Fragrance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Cosmetic
13.10.3 Perfume
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Custom Flavor and Fragrance Market: Competitive Dashboard
14.2 Global Custom Flavor and Fragrance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vigon International
14.3.2 HASEGAWA
14.3.3 Carmi Flavor & Fragrance
14.3.4 Archer Daniels Midland Company
14.3.5 Sensient
14.3.6 Givaudan
14.3.7 Premier Specialties
14.3.8 Agilex Fragrances
14.3.9 Bell Flavors & Fragrances
14.3.10 Hogan Flavors and Fragrances