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Flavors and Fragrances Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 120 Pages
SKU # FOB18806329

Description

Flavors and Fragrances Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Flavors and Fragrances Market

The flavours and fragrances market size was valued at USD 27.50 billion in 2023, and the market is now projected to grow from USD 28.72 billion in 2024 to USD 42.27 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period of 2023-2032.

the COVID-19 pandemic had an unstaggering impact on the market. The product demand was lowered by lockdown limitations and affected the overallflavours and fragrances market growth. The major factor causing havoc for this product was loss of sense of small because of the covid-19 virus. This particular market is still experiencing rapid growth post-pandemic period.

Increased modernization has increased demand for toiletries, soaps, detergents, perfumes, and cosmetics which has in terms benefitted this particular market. The cosmetic business is augmenting rapidly, which is feeding the market expansion. This is the major factor influencing the flavours and fragrances market share. People have become more aware of their health which has resulted in the growth of the nutritional food and beverages market and a rapid surge has been witnessed for this particular market during the forecast period.

A rapid expansion was witnessed for this market as new flavours were introduced in this particular market. The trend of ready-to-eat products along with consumer tastes and preferences changing provided a chance for manufacturers to innovate and satisfy consumer and marketdemand.

Comprehensive Analysis of Flavors and Fragrances Market

This market is divided by types of tastes and fragrances, which are further subdivided into natural and synthetic. Because flavors are used so extensively in the food and beverage business, they have a larger market share than the other segment. Food and drink, medications, and other categories are separated apart in the market based on flavor.

Europe is to be witnessed in dominating the flavours and fragrance market due to various reasons such as significant adoption of high- quality standardized fragrance and cosmetics and also a surge in food and beverages sector.

Due to the dominance of a small number of very large companies, the market is consolidated. Givaudan (Switzerland), International Flavors and Fragrances (IFF) (U.S.), Symrise AG (Germany), Robertet Group (France), and Kerry Group plc (Ireland) are a few of the major market participants.

In December 2023, To increase its taste options and market presence in India, Southeast Asia, and East Africa, Robertet Group purchased Bangalore-based Sonarome, a manufacturer of flavors and perfumes.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 5.0% from 2024 to 2032

Segmentation By Type

Flavors

Natural

Synthetic

Fragrances

Natural

Synthetic

By Type (Cross Application)

Flavors

Food & Beverages

Beverages

Bakery

Confectionery

Dairy

Others

Pharmaceuticals

Others

Fragrances

Fine Fragrances

Cosmetics & Personal Care

Home & Floor Care

Others

By Geography

North America {By Type, By Type (Cross Application), By Country}

U.S.

Canada

Europe {By Type, By Type (Cross Application), By Country}

U.K.

France

Spain

Germany

Italy

Rest of Europe

Asia Pacific {By Type, By Type (Cross Application), By Country}

China

India

Japan

Southeast Asia

Australia & New Zealand

Rest of Asia Pacific

Latin America {By Type, By Type (Cross Application), By Country}

Brazil

Mexico

Argentina

Rest of South America

Middle East & Africa {By Type, By Type (Cross Application), By Country}

South Africa

GCC

Turkey

Rest of Middle East & Africa


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Table of Contents

120 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Trends
4.2. Latest Technological Advancements
4.3. Insights on Regulatory Scenario
4.4. Porters Five Forces Analysis
4.5. Key developments
4.6. Impact of COVID-19 on Global Flavors and Fragrances Market
5. Global Flavors and Fragrances Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type (Value)
5.2.1. Flavors
5.2.1.1. Natural
5.2.1.2. Synthetic
5.2.2. Fragrances
5.2.2.1. Natural
5.2.2.2. Synthetic
5.3. Market Analysis, Insights and Forecast – By Type (Cross Application) (Value)
5.3.1. Flavors
5.3.1.1. Food & Beverage
5.3.1.1.1. Beverages
5.3.1.1.2. Bakery
5.3.1.1.3. Confectionery
5.3.1.1.4. Dairy
5.3.1.1.5. Others
5.3.1.2. Pharmaceuticals
5.3.1.3. Others
5.3.2. Fragrances
5.3.2.1. Fine Fragrances
5.3.2.2. Cosmetics & Personal Care
5.3.2.3. Home & Floor Care
5.3.2.4. Others
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Flavors and Fragrances Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type (Value)
6.2.1. Flavors
6.2.1.1. Natural
6.2.1.2. Synthetic
6.2.2. Fragrances
6.2.2.1. Natural
6.2.2.2. Synthetic
6.3. Market Analysis, Insights and Forecast – By Type (Cross Application) (Value)
6.3.1. Flavors
6.3.1.1. Food & Beverage
6.3.1.1.1. Beverages
6.3.1.1.2. Bakery
6.3.1.1.3. Confectionery
6.3.1.1.4. Dairy
6.3.1.1.5. Others
6.3.1.2. Pharmaceuticals
6.3.1.3. Others
6.3.2. Fragrances
6.3.2.1. Fine Fragrances
6.3.2.2. Cosmetics & Personal Care
6.3.2.3. Home & Floor Care
6.3.2.4. Others
6.4. Market Analysis, Insights and Forecast – By Country (Value)
6.4.1. U.S.
6.4.2. Canada
7. Europe Flavors and Fragrances Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type (Value)
7.2.1. Flavors
7.2.1.1. Natural
7.2.1.2. Synthetic
7.2.2. Fragrances
7.2.2.1. Natural
7.2.2.2. Synthetic
7.3. Market Analysis, Insights and Forecast – By Type (Cross Application) (Value)
7.3.1. Flavors
7.3.1.1. Food & Beverage
7.3.1.1.1. Beverages
7.3.1.1.2. Bakery
7.3.1.1.3. Confectionery
7.3.1.1.4. Dairy
7.3.1.1.5. Others
7.3.1.2. Pharmaceuticals
7.3.1.3. Others
7.3.2. Fragrances
7.3.2.1. Fine Fragrances
7.3.2.2. Cosmetics & Personal Care
7.3.2.3. Home & Floor Care
7.3.2.4. Others
7.4. Market Analysis, Insights and Forecast – By Country (Value)
7.4.1. UK
7.4.2. France
7.4.3. Spain
7.4.4. Germany
7.4.5. Italy
7.4.6. Rest of Europe
8. Asia Pacific Flavors and Fragrances Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type (Value)
8.2.1. Flavors
8.2.1.1. Natural
8.2.1.2. Synthetic
8.2.2. Fragrances
8.2.2.1. Natural
8.2.2.2. Synthetic
8.3. Market Analysis, Insights and Forecast – By Type (Cross Application) (Value)
8.3.1. Flavors
8.3.1.1. Food & Beverage
8.3.1.1.1. Beverages
8.3.1.1.2. Bakery
8.3.1.1.3. Confectionery
8.3.1.1.4. Dairy
8.3.1.1.5. Others
8.3.1.2. Pharmaceuticals
8.3.1.3. Others
8.3.2. Fragrances
8.3.2.1. Fine Fragrances
8.3.2.2. Cosmetics & Personal Care
8.3.2.3. Home & Floor Care
8.3.2.4. Others
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Southeast Asia
8.4.5. Australia & New Zealand
8.4.6. Rest of Asia Pacific
9. Latin America Flavors and Fragrances Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type (Value)
9.2.1. Flavors
9.2.1.1. Natural
9.2.1.2. Synthetic
9.2.2. Fragrances
9.2.2.1. Natural
9.2.2.2. Synthetic
9.3. Market Analysis, Insights and Forecast – By Type (Cross Application) (Value)
9.3.1. Flavors
9.3.1.1. Food & Beverage
9.3.1.1.1. Beverages
9.3.1.1.2. Bakery
9.3.1.1.3. Confectionery
9.3.1.1.4. Dairy
9.3.1.1.5. Others
9.3.1.2. Pharmaceuticals
9.3.1.3. Others
9.3.2. Fragrances
9.3.2.1. Fine Fragrances
9.3.2.2. Cosmetics & Personal Care
9.3.2.3. Home & Floor Care
9.3.2.4. Others
9.4. Market Analysis, Insights and Forecast – By Country (Value)
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Argentina
9.4.4. Rest of Latin America
10. Middle East & Africa Flavors and Fragrances Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Type (Value)
10.2.1. Flavors
10.2.1.1. Natural
10.2.1.2. Synthetic
10.2.2. Fragrances
10.2.2.1. Natural
10.2.2.2. Synthetic
10.3. Market Analysis, Insights and Forecast – By Type (Cross Application) (Value)
10.3.1. Flavors
10.3.1.1. Food & Beverage
10.3.1.1.1. Beverages
10.3.1.1.2. Bakery
10.3.1.1.3. Confectionery
10.3.1.1.4. Dairy
10.3.1.1.5. Others
10.3.1.2. Pharmaceuticals
10.3.1.3. Others
10.3.2. Fragrances
10.3.2.1. Fine Fragrances
10.3.2.2. Cosmetics & Personal Care
10.3.2.3. Home & Floor Care
10.3.2.4. Others
10.4. Market Analysis, Insights and Forecast – By Country (Value)
10.4.1. South Africa
10.4.2. GCC
10.4.3. Turkey
10.4.4. Rest of Middle East & Africa
11. Company Profiles
11.1. Givaudan
11.1.1. Overview
11.1.2. Products & Services
11.1.3. Recent Developments
11.1.4. Strategies
11.1.5. Financials (based on availability)
11.2. International Flavors and Fragrances
11.2.1. Overview
11.2.2. Products & Services
11.2.3. Recent Developments
11.2.4. Strategies
11.2.5. Financials (based on availability)
11.3. Symrise AG
11.3.1. Overview
11.3.2. Products & Services
11.3.3. Recent Developments
11.3.4. Strategies
11.3.5. Financials (based on availability)
11.4. Robertet Group
11.4.1. Overview
11.4.2. Products & Services
11.4.3. Recent Developments
11.4.4. Strategies
11.4.5. Financials (based on availability)
11.5. Kerry Group PLC
11.5.1. Overview
11.5.2. Products & Services
11.5.3. Recent Developments
11.5.4. Strategies
11.5.5. Financials (based on availability)
11.6. Sensient Technologies
11.6.1. Overview
11.6.2. Products & Services
11.6.3. Recent Developments
11.6.4. Strategies
11.6.5. Financials (based on availability)
11.7. Firmenich SA
11.7.1. Overview
11.7.2. Products & Services
11.7.3. Recent Developments
11.7.4. Strategies
11.7.5. Financials (based on availability)
11.8. Takasago International Corp.
11.8.1. Overview
11.8.2. Products & Services
11.8.3. Recent Developments
11.8.4. Strategies
11.8.5. Financials (based on availability)
11.9. T. Hasegawa Co. Ltd.
11.9.1. Overview
11.9.2. Products & Services
11.9.3. Recent Developments
11.9.4. Strategies
11.9.5. Financials (based on availability)
11.10. Mane
11.10.1. Overview
11.10.2. Products & Services
11.10.3. Recent Developments
11.10.4. Strategies
11.10.5. Financials (based on availability)
11.11. Archer Daniel Midland Company
11.11.1. Overview
11.11.2. Products & Services
11.11.3. Recent Developments
11.11.4. Strategies
11.11.5. Financials (based on availability)
11.12. Solvay S.A.
11.12.1. Overview
11.12.2. Products & Services
11.12.3. Recent Developments
11.12.4. Strategies
11.12.5. Financials (based on availability)
11.13. BASF
11.13.1. Overview
11.13.2. Products & Services
11.13.3. Recent Developments
11.13.4. Strategies
11.13.5. Financials (based on availability)
12. Strategic Recommendations

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