Flavors and Fragrances Market: Industry Analysis and Forecast (2021-2027) by Ingredient type, Application, Distribution Channel

Flavors and Fragrances Market size was valued at US$ 28.3 Bn in 2020 and the total revenue is expected to grow at CAGR 4.83 Bn % through 2021 to 2027, reaching nearly US$ 39.37 Bn.

Flavors and Fragrances Market Overview:

Flavors and Fragrances are the substances that are used to increase the overall aesthetic value of product by modifying its characteristics like taste and odor. Flavors are used as additive to enhance the taste of food and beverage in bakery, dairy product, sauces and snacks. Fragrances are added to get desired odor in vast variety of consumer product such as spray perfumes, body care, home care, cosmetics, soap and detergents. The substances like lactones, esters, acids, ketones, alcohol and aldehydes are used as additive agent to refine and enhance the value of product. Flavors and Fragrances Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.

Flavors and Fragrances Market Dynamics:

Flavors and fragrances is account for changing consumer desires toward convenience food and increasing demand for consumer products. Convenience foods include packaged foods, preserved foods, and ready-to-eat food products. To enhance the taste of these products, individual flavors ingredients are added to these food products. Rapid urbanization and a rise in working population across the worldwide has increased the consumption of convenience food. Furthermore rising disposable income of population and increasing expenditure on convenience foods are expected to drive the demand for variety of flavors. The organization Like Firmenich, International Flavors & Fragrances (IFF), Givaudan and Sensient Technologies reveals that the importance of taste has increased since 2018, with about 86% of consumers choosing taste over other food attributes prior to their purchase. Thus new product development may offer profitable opportunities for Flavors and fragrances market. Thanks to increasing use of flavors in pharmaceutical, growing demand for natural Ingredient, increased focus on health and preference towards more health conscious lifestyle leads to growth of Flavors and Fragrances Market. Furthermore Flavors and Fragrances Market is showing a northward direction growth due to the vast investment in the manufacture industry, increased product sales, rising positive demand have a significant impact on the Flavors and Fragrances Market. The global Flavors and Fragrances competition is highly fragmented, and leading companies have employed a variety of strategies to expand their footprints in this market, including expansions, agreements, joint ventures, partnerships, acquisitions, and others. According to the World Health Organization (WHO), a global public health emergency was declared in January 2020 owing to the spread of the coronavirus. The strict government’s regulations imposed by the many developed & developing economies has made supply chain disruptions. Nonetheless, technological developments, government funding for R&D and untapped potential in emerging countries all present promising future growth.

Flavors and Fragrances Market Segment Analysis:

Based on the Ingredient Type the market is segmented into Natural Ingredient and Synthetic Ingredient. With the several benefits of Synthetic Ingredient segment, it captured the largest product segment, accounting for more than 62% of the market in 2020. Synthetic segment is expected to grow with highest CAGR of 6.7% during forecast period. Synthetic Ingredient are less expensive as compare to natural variaents. They are long lasting, emit strong fragrance, and offer greater freedom of creativity to manufacturers owing to this they are dominating the global market. Natural fragrances are perceived to be safe, healthier and therapeutic. Natural flavor and fragrance ingredients are expected to grow rapidly with CAGR of 4.2%.Flavors and Fragrances Market Based on Application, the market is segmented into Food and Beverages, Cosmetics and Personal Care, Pharmaceutical and Home and Floor Care. Food and beverage segment is expected to register a notable CAGR of 6.7%. It has acquired highest market share accounted more than 43% by revenue over the forecast period owing to increasing demand for juices, snacks, processed food, ready-to-eat meals, and other beverages. Cosmetic and Personal Care segment is estimated to grow significantly due to the rise of organized retail chains; changing lifestyles; and the growing demand for various consumer products. Pharmaceutical segment is expected to grow rapidly at the CAGR of xx% owing to increasing use of flavors in pharmaceutics is projected to augment demand in the forthcoming years.

As growing demand for this segment, manufacturers are focusing on the introduction of the advanced technology for the product which fuel high growth rate for this segment.Flavors and Fragrances MarketFlavors and Fragrances Market Regional Insights:

Asia Pacific region is the largest Flavors and Fragrances consumer in the world during 2020 and it has accounted more than half of the global consumption of Market share around, 38.23% in terms of revenue. Asia Pacific is expected to register the highest CAGR of 5.7% during the forecast period on account of availability of raw materials and increasing demand from different application industries. China is largest producer flavors and fragrances, which make dominant player in Asia Pacific region. North America accounted for 21.0% of market share in 2020. It is expected to expand at a CAGR of 3.1 % over the forecast period. Europe Occupied significant flavors and fragrances market share accounted for USD $ 5.96bn in 2020. The Middle East and African market is expected to be driven by Gulf countries such as Saudi Arabia and the United Arab Emirates. Due to poor economic and political situation, African area is predicted to grow at a slow pace. The objective of the report is to present a comprehensive analysis of the Flavors and Fragrances Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Flavors and Fragrances Market dynamic, structure by analyzing the market segments and project the Flavors and Fragrances Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Flavors and Fragrances Market make the report investor’s guide.

Flavors and Fragrances Market Scope: Inquire before buying

Flavors and Fragrances MarketFlavors and Fragrances Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Flavors and Fragrances Market Key Players

Firmenich • International Flavors & Fragrances (IFF) • Givaudan • Symrise Takasago • The Archer Daniels Midland Company (ADM) • Sensient Technologies • Mane SA • Robertet • T. Hasegawa Frutarom Industries Ltd. • Huabao International Holdings Limited • Kerry Group • PLC • S H Kelkar and Company Limited • Sensient Technologies Corporation • Bell Flavors & Fragrances

Frequently Asked Questions:

1] What segments are covered in Flavors and Fragrances Market report? Ans. The segments covered in Flavors and Fragrances Market report are based on Ingredient type and Application type. 2] Which region is expected to hold the highest share in the Flavors and Fragrances Market? Ans. Asia Pacific Region is expected to hold the highest share in the Flavors and Fragrances Market. 3] What is the market size of Flavors and Fragrances Market by2027? Ans. The market size of Flavors and Fragrances Market by 2027 is US $ 39.37 Bn. 4] Who are the top key players in the Flavors and Fragrances Market? Ans. Firmenich, International Flavors & Fragrances (IFF), Givaudan, Symrise Takasago, The Archer Daniels Midland Company (ADM), Sensient Technologies, Mane SA, Robertet, T. Hasegawa, Bell Flavors & Fragrances, Frutarom Industries Ltd., Huabao International Holdings Limited, Kerry Group, PLC,, S H Kelkar and Company Limited, Sensient Technologies Corporation. 5] What was the market size of Flavors and Fragrances Market in 2020? Ans. The market size of Flavors and Fragrances Market in 2020 was US $ 28.3 Bn
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Flavors and Fragrances Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Flavors and Fragrances Market 3.4. Geographical Snapshot of the Flavors and Fragrances Market, By Manufacturer share 4. Flavors and Fragrances Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Flavors and Fragrances Market 5. Supply Side and Demand Side Indicators 6. Flavors and Fragrances Market Analysis and Forecast, 2020-2027 6.1. Flavors and Fragrances Market Size & Y-o-Y Growth Analysis. 7. Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 7.1.1. Natural 7.1.2. Synthetic 7.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.2.1. Food and Beverages 7.2.2. Cosmetics and Personal Care 7.2.3. Pharmaceutical 7.2.4. Home and Floor Care 7.2.5. Fine Fragrance. 7.3. Market Size (Value) Estimates & Forecast By Region, 2020-2027 7.3.1. North America 7.3.2. Europe 7.3.3. Asia-Pacific 7.3.4. Middle East & Africa 7.3.5. South America 8. Flavors and Fragrances Market analysis and Forecasts, by Region 8.1. Market Size (Value) Estimates & Forecast by Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia Pacific 8.1.4. Middle East and Africa 8.1.5. South America 9. North America Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Ingredient, 2020-2027 9.1.1. Natural 9.1.2. Synthetic 9.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.2.1. Food and Beverages 9.2.2. Cosmetics and Personal Care 9.2.3. Pharmaceutical 9.2.4. Home and Floor Care 9.2.5. Fine Fragrance. 10. North America Flavors and Fragrances Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Flavors and Fragrances Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Flavors and Fragrances Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Flavors and Fragrances Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Flavors and Fragrances Market Analysis and Forecast, by country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Flavors and Fragrances Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Ingredient type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Flavors and Fragrances Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Firmenich 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. International Flavors & Fragrances (IFF) 45.3.3. Givaudan and Symrise Takasago 45.3.4. The Archer Daniels Midland Company (ADM) 45.3.5. Sensient Technologies 45.3.6. Mane SA 45.3.7. Robertet 45.3.8. T. Hasegawa Frutarom Industries Ltd. 45.3.9. Huabao International Holdings Limited 45.3.10. Kerry Group 45.3.11. PLC 45.3.12. S H Kelkar and Company Limited 45.3.13. Sensient Technologies Corporation 45.3.14. Bell Flavors & Fragrances 46. Primary Key Insights

About This Report

Report ID 121756
Category Food & Beverages
Published Date Sep 2021
Updated Date
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