The global market for flavors and fragrances was valued at $26.0 billion in 2015. This market is expected to increase from $27.1 billion in 2016 to $37.0 billion in 2021 at a compound annual growth rate (CAGR) of 6.4% for 2016-2021.
This report provides:
An overview of the global markets for flavors and fragrances.
Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021.
Analysis of recent technology developments.
Identification of demand drivers.
Information on the consumption of flavors and fragrances in different end-use sectors.
Projections of future demand including application regional segments of the market.
Projected demand for key flavor and fragrance ingredients such as essential oils and aroma chemicals.
Analysis of developments in the structure of the flavor and fragrance industry.
Profiles of major players in the field
SCOPE OF REPORT
The market is segmented on the basis of application: flavors—beverages, savory foods, dairy, confectionary and bakery products, oral care and other; fragrance— cosmetics and toiletries, soap, detergent and others. This market report organizes information from diverse sources in order to compare natural and synthetic ingredients as well as analyzes the use of raw materials, the flavor and fragrance value chain, regulations, technologies, patent evaluations and Porter’s five forces.
Each ingredient type is analyzed in terms of current global market size. Estimated values used are based on manufacturers’ total revenues. Forecasts with a compound annual growth rate (CAGR) are provided for 2016 to 2021. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Product values are estimated based on manufacturers’ revenue. Estimates of the regional markets for flavors and fragrances are based on its applications market. Regional sizing and forecasting are given for North America, Western Europe, Asia and ROW. In addition to the data, the report provides insight on market demand drivers and supplier strategies. Key players are also profiled as well as their market share in global market for flavors and fragrances.