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Flavors And Fragrances Market Size, Share & Trends Analysis Report By Product (Natural, Aroma Chemicals), By Application (Flavors, Fragrances), By Region (North America, Europe, Asia Pacific, Latin America), And Segment Forecasts, 2025 - 2033

Published Aug 05, 2025
Length 80 Pages
SKU # GV20399909

Description

Flavors And Fragrances Market Summary

The global flavors and fragrances market size was estimated at USD 32,265.6 million in 2024 and is projected to reach USD 52,388.2 million by 2033, expanding at a CAGR of 5.5% from 2025 to 2033. The market is primarily driven by the rising demand for processed and convenience foods, coupled with the growing consumption of personal care and cosmetic products across emerging and developed economies.

Increasing consumer preference for natural and clean-label ingredients is accelerating the adoption of essential oils, oleoresins, and bio-based aroma chemicals. The market is benefitting from rapid urbanization, evolving lifestyle patterns, and the expanding wellness and aromatherapy segments. The market presents significant growth opportunities driven by the rising demand for natural, organic, and sustainable ingredients, particularly in food, beverage, and personal care applications. Advancements in biotechnology and fermentation-based production are enabling the development of high-purity aroma compounds with reduced environmental impact. Emerging markets in Asia Pacific, Latin America, and the Middle East offer untapped potential due to expanding middle-class populations, increasing disposable incomes, and evolving consumer preferences.

Despite strong growth prospects, the market faces key challenges including raw material price volatility, particularly for natural extracts, which can disrupt supply chains and increase production costs. Strict regulatory frameworks and compliance requirements across regions, especially regarding labeling, allergens, and synthetic ingredients, pose constraints on product formulation and market entry. Furthermore, intense competition among global and regional players is pressuring margins, while the growing demand for transparency and traceability requires investment in sourcing and quality control systems.

Global Flavors And Fragrances Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global flavors and fragrances market report based on application, technology, resin and region:
  • Product Outlook (Revenue, USD Million, 2021 - 2033)
  • Natural
  • Essential Oils
 Orange Essential Oils

 Corn mint Essential Oils

 Eucalyptus Essential Oils

 Pepper Mint Essential Oils

 Lemon Essential Oils

 Citronella Essential Oils

 Patchouli Essential Oils

 Clove Essential Oils

 Ylang Ylang/Canaga Essential Oils

 Lavender Essential Oils
  • Oleoresins
 Paprika Oleoresins

 Black Pepper Oleoresins

 Turmeric Oleoresins

 Ginger Oleoresins
  • Others
  • Aroma Chemical
  • Esters
  • Alcohol
  • Aldehydes
  • Phenol
  • Terpenes
  • Others
  • Application Outlook (Revenue, USD Million, 2021 - 2033)
  • Flavors
  • Confectionery
  • Convenience Food
  • Bakery Food
  • Dairy Products
  • Beverages
  • Animal Feed
  • Others
  • Fragrance
  • Fine Fragrance
  • Cosmetics and Toiletries
  • Soaps and Detergents
  • Aromatherapy
  • Others
  • Regional Outlook (Revenue, USD Million, 2021 - 2033)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Portugal
  • Italy
  • Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Middle East & Africa
  • Saudi Arabia
  • African Continent
  • Latin America
  • Brazil
  • Colombia
Please note The report will be delivered in 2-3 business days upon order notification.

Table of Contents

80 Pages
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Products & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Productulation & Data Visualization
1.6. List of Data Products
Chapter 2. Executive Summary
2.1. Market Outlook, 2024 (USD Million)
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Flavors and Fragrances Market Variables, Trends & Scope
3.1. Market Lineage/Ancillary Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales Channel Analysis
3.2.2. Manufacturing Trends/Technological Advancements
3.2.3. Raw Material Trends
3.3. Price Trend Analysis, 2021 - 2033
3.3.1. Factors Influencing Prices
3.4. Regulatory Framework
3.4.1. Analyst Perspective
3.4.2. Regulations & Standards
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Opportunities
3.5.4. Industry Challenges
3.6. Business Environmental Tools Analysis: Flavors and Fragrances Market
3.6.1. Porter’s Five Forces Analysis
3.6.1.1. Bargaining Power of Suppliers
3.6.1.2. Bargaining Power of Buyers
3.6.1.3. Threat of Substitution
3.6.1.4. Threat of New Entrants
3.6.1.5. Competitive Rivalry
3.6.2. PESTLE Analysis
3.6.2.1. Political Landscape
3.6.2.2. Economic Landscape
3.6.2.3. Social Landscape
3.6.2.4. Polymer Material Landscape
3.6.2.5. Environmental Landscape
3.6.2.6. Legal Landscape
Chapter 4. Flavors and Fragrances Market: Product Estimates & Trend Analysis
4.1. Key Takeaways
4.2. Product Movement Analysis & Market Share, 2024 & 2033
4.3. Global Flavors and Fragrances Market By Product, 2021 - 2033 (USD Million)
4.4. Natural
4.4.1. Flavors and Fragrances Market Estimates And Forecasts, for Natural, 2021 - 2033 (USD Million)
4.4.1.1. Essential Oils
4.4.1.1.1. Flavors and Fragrances Market Estimates And Forecasts, for Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.1. Orange Essential Oils
4.4.1.1.1.1.1. Flavors and Fragrances Market Estimates And Forecasts, for Orange Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.2. Corn Mint Essential Oils
4.4.1.1.1.2.1. Flavors and Fragrances Market Estimates And Forecasts, for Corn Mint Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.3. Eucalyptus Essential Oils
4.4.1.1.1.3.1. Flavors and Fragrances Market Estimates And Forecasts, for Eucalyptus Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.4. Pepper Mint Essential Oils
4.4.1.1.1.4.1. Flavors and Fragrances Market Estimates And Forecasts, for Pepper Mint Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.5. Lemon Essential Oils
4.4.1.1.1.5.1. Flavors and Fragrances Market Estimates And Forecasts, for Lemon Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.6. Citronella Essential Oils
4.4.1.1.1.6.1. Flavors and Fragrances Market Estimates And Forecasts, for Citronella Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.7. Patchouli Essential Oils
4.4.1.1.1.7.1. Flavors and Fragrances Market Estimates And Forecasts, for Patchouli Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.8. Clove Essential Oils
4.4.1.1.1.8.1. Flavors and Fragrances Market Estimates And Forecasts, for Clove Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.9. Ylang Ylang/Canaga Essential Oils
4.4.1.1.1.9.1. Flavors and Fragrances Market Estimates And Forecasts, for Ylang Ylang/Canaga Essential Oils, 2021 - 2033 (USD Million)
4.4.1.1.1.10. Lavender Essential Oils
4.4.1.1.1.10.1. Flavors and Fragrances Market Estimates And Forecasts, for Lavender Essential Oils, 2021 - 2033 (USD Million)
4.4.1.2. Oleoresins
4.4.1.2.1. Flavors and Fragrances Market Estimates And Forecasts, for Oleoresins, 2021 - 2033 (USD Million)
4.4.1.2.1.1. Paprika Oleoresins
4.4.1.2.1.1.1. Flavors and Fragrances Market Estimates And Forecasts, for Paprika Oleoresins, 2021 - 2033 (USD Million)
4.4.1.2.1.2. Black Pepper Oleoresins
4.4.1.2.1.2.1. Flavors and Fragrances Market Estimates And Forecasts, for Black Pepper Oleoresins, 2021 - 2033 (USD Million)
4.4.1.2.1.3. Turmeric Oleoresins
4.4.1.2.1.3.1. Flavors and Fragrances Market Estimates And Forecasts, for Turmeric Oleoresins, 2021 - 2033 (USD Million)
4.4.1.2.1.4. Ginger Oleoresins
4.4.1.2.1.4.1. Flavors and Fragrances Market Estimates And Forecasts, for Ginger Oleoresins, 2021 - 2033 (USD Million)
4.4.1.3. Others
4.4.1.3.1. Flavors and Fragrances Market Estimates And Forecasts, for Others, 2021 - 2033 (USD Million)
4.5. Aroma Chemical
4.5.1. Flavors and Fragrances Market Estimates And Forecasts, for Aroma Chemical, 2021 - 2033 (USD Million)
4.5.1.1. Esters
4.5.1.1.1. Flavors and Fragrances Market Estimates And Forecasts, for Esters, 2021 - 2033 (USD Million)
4.5.1.2. Alcohol
4.5.1.2.1. Flavors and Fragrances Market Estimates And Forecasts, for Alcohol, 2021 - 2033 (USD Million)
4.5.1.3. Aldehydes
4.5.1.3.1. Flavors and Fragrances Market Estimates And Forecasts, for Aldehydes, 2021 - 2033 (USD Million)
4.5.1.4. Phenol
4.5.1.4.1. Flavors and Fragrances Market Estimates And Forecasts, for Phenol, 2021 - 2033 (USD Million)
4.5.1.5. Terpenes
4.5.1.5.1. Flavors and Fragrances Market Estimates And Forecasts, for Terpenes, 2021 - 2033 (USD Million)
4.5.1.6. Others
4.5.1.6.1. Flavors and Fragrances Market Estimates And Forecasts, for Others, 2021 - 2033 (USD Million)
Chapter 5. Flavors and Fragrances Market: Application Estimates & Trend Analysis
5.1. Key Takeaways
5.2. Application Movement Analysis & Market Share, 2024 & 2033
5.3. Global Flavors and Fragrances Market By Application, 2021 - 2033 (USD Million)
5.4. Flavors
5.4.1. Flavors and Fragrances Market Estimates And Forecasts, for Flavors, 2021 - 2033 (USD Million)
5.4.1.1. Confectionery
5.4.1.2. Market Estimates And Forecasts, for Confectionery, 2021 - 2033 (USD Million)
5.4.1.3. Convenience Food
5.4.1.3.1. Market Estimates And Forecasts, for Convenience Food, 2021 - 2033 (USD Million)
5.4.1.4. Bakery Food
5.4.1.4.1. Market Estimates And Forecasts, for Bakery Food, 2021 - 2033 (USD Million)
5.4.1.5. Dairy Products
5.4.1.5.1. Market Estimates And Forecasts, for Dairy Products, 2021 - 2033 (USD Million)
5.4.1.6. Beverages
5.4.1.6.1. Market Estimates And Forecasts, for Beverages, 2021 - 2033 (USD Million)
5.4.1.7. Animal Feed
5.4.1.7.1. Market Estimates And Forecasts, for Animal Feed, 2021 - 2033 (USD Million)
5.4.1.8. Others
5.4.1.8.1. Market Estimates And Forecasts, for Others, 2021 - 2033 (USD Million)
5.5. Fragrance
5.5.1. Flavors and Fragrances Market Estimates And Forecasts, for Fragrance, 2021 - 2033 (USD Million)
5.5.1.1. Fine Fragrance
5.5.1.1.1. Market Estimates And Forecasts, for Fine Fragrance, 2021 - 2033 (USD Million)
5.5.1.2. Cosmetics and Toiletries
5.5.1.2.1. Market Estimates And Forecasts, for Cosmetics and Toiletries, 2021 - 2033 (USD Million)
5.5.1.3. Soaps and Detergents
5.5.1.3.1. Market Estimates And Forecasts, for Soaps and Detergents, 2021 - 2033 (USD Million)
5.5.1.4. Aromatherapy
5.5.1.4.1. Market Estimates And Forecasts, for Aromatherapy, 2021 - 2033 (USD Million)
5.5.1.5. Others
5.5.1.5.1. Market Estimates And Forecasts, for Others, 2021 - 2033 (USD Million)
Chapter 6. Flavors and Fragrances Market: Regional Estimates & Trend Analysis
6.1. Key Takeaways
6.2. Regional Market Share Analysis, 2024 & 2033
6.3. North America
6.3.1. North America Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.3.2. North America Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.3.3. North America Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.3.4. U.S.
6.3.4.1. U.S. Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.3.4.2. U.S. Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.3.4.3. U.S. Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.3.5. Canada
6.3.5.1. Canada Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.3.5.2. Canada Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.3.5.3. Canada Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.3.6. Mexico
6.3.6.1. Mexico Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.3.6.2. Mexico Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.3.6.3. Mexico Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.4. Europe
6.4.1. Europe Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.4.2. Europe Flavors and Fragrances Market Estimates And Forecasts, Product, 2021 - 2033 (USD Million)
6.4.3. Europe Flavors and Fragrances Market Estimates And Forecasts, Application, 2021 - 2033 (USD Million)
6.4.4. Germany
6.4.4.1. Germany Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.4.4.2. Germany Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.4.4.3. Germany Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.4.5. UK
6.4.5.1. UK Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.4.5.2. UK Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.4.5.3. UK Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.4.6. France
6.4.6.1. France Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.4.6.2. France Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.4.6.3. France Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.4.7. Spain
6.4.7.1. Spain Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.4.7.2. Spain Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.4.7.3. Spain Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.4.8. Portugal
6.4.8.1. Portugal Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.4.8.2. Portugal Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.4.8.3. Portugal Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.4.9. Italy
6.4.9.1. Italy Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.4.9.2. Italy Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.4.9.3. Italy Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.5. Asia Pacific
6.5.1. Asia Pacific Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.5.2. Asia Pacific Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.5.3. Asia Pacific Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.5.4. China
6.5.4.1. China Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.5.4.2. China Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.5.4.3. China Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.5.5. India
6.5.5.1. India Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.5.5.2. India Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.5.5.3. India Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.5.6. Japan
6.5.6.1. Japan Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.5.6.2. Japan Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.5.6.3. Japan Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.5.7. Southeast Asia
6.5.7.1. Southeast Asia Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.5.7.2. Southeast Asia Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.5.7.3. Southeast Asia Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.6. Middle East & Africa
6.6.1. Middle East & Africa Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.6.2. Middle East & Africa Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.6.3. Middle East & Africa Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.6.4. Saudi Arabia
6.6.4.1. Saudi Arabia Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.6.4.2. Saudi Arabia Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.6.4.3. Saudi Arabia Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.6.5. African Continent
6.6.5.1. African Continent Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.6.5.2. African Continent Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.6.5.3. African Continent Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.7. Latin America
6.7.1. Latin America Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.7.2. Latin America Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.7.3. Latin America Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.7.4. Brazil
6.7.4.1. Brazil Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.7.4.2. Brazil Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.7.4.3. Brazil Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
6.7.5. Colombia
6.7.5.1. Colombia Flavors and Fragrances Market Estimates And Forecasts, 2021 - 2033 (USD Million)
6.7.5.2. Colombia Flavors and Fragrances Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million)
6.7.5.3. Colombia Flavors and Fragrances Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million)
Chapter 7. Competitive Landscape
7.1. Key Players, their Recent Developments, and their Impact on Industry
7.2. Competition Categorization
7.3. Company Market Position Analysis
7.4. Company Heat Map Analysis
7.5. Strategy Mapping, 2024
7.6. Company Listing
7.6.1. Sensient Technologies Corp.
7.6.1.1. Company Overview
7.6.1.2. Financial Performance
7.6.1.3. Product Type Benchmarking
7.6.1.4. Strategic Initiatives
7.6.2. BASF SE
7.6.2.1. Company Overview
7.6.2.2. Financial Performance
7.6.2.3. Product Type Benchmarking
7.6.2.4. Strategic Initiatives
7.6.3. Mane SA
7.6.3.1. Company Overview
7.6.3.2. Financial Performance
7.6.3.3. Product Type Benchmarking
7.6.3.4. Strategic Initiatives
7.6.4. Takasgo International Corporation
7.6.4.1. Company Overview
7.6.4.2. Financial Performance
7.6.4.3. Product Type Benchmarking
7.6.4.4. Strategic Initiatives
7.6.5. Givaudan
7.6.5.1. Company Overview
7.6.5.2. Financial Performance
7.6.5.3. Product Type Benchmarking
7.6.5.4. Strategic Initiatives
7.6.6. Alpha Aromatics
7.6.6.1. Company Overview
7.6.6.2. Financial Performance
7.6.6.3. Product Type Benchmarking
7.6.6.4. Strategic Initiatives
7.6.7. Ozone Naturals
7.6.7.1. Company Overview
7.6.7.2. Financial Performance
7.6.7.3. Product Type Benchmarking
7.6.7.4. Strategic Initiatives
7.6.8. Elevance Renewable Sciences, Inc.
7.6.8.1. Company Overview
7.6.8.2. Financial Performance
7.6.8.3. Product Type Benchmarking
7.6.8.4. Strategic Initiatives
7.6.9. Firmenich SA
7.6.9.1. Company Overview
7.6.9.2. Financial Performance
7.6.9.3. Product Type Benchmarking
7.6.9.4. Strategic Initiatives
7.6.10. Symrise AG
7.6.10.1. Company Overview
7.6.10.2. Financial Performance
7.6.10.3. Product Type Benchmarking
7.6.10.4. Strategic Initiatives
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