Global Flavors & Fragrances Market Report: Insights, Trends & Forecast (2019-2023)

Global Flavors & Fragrances Market Report: Insights, Trends & Forecast (2019-2023)

The global flavor and fragrance market value is expected to reach US$28.37 billion in 2023, rising at a CAGR of 2.76% for the period 2019-2023. The growth in the market is anticipated to be driven by various factors such as increasing gross national income, rapid urbanization, rising global population, increasing demand for packaged food and increasing middle class population. The growth of the market is also expected to be challenged by various determinants like rising prices of raw materials, constantly changing demand by consumers and numerous barriers to entry. There are certain trends and developments such as various product launches, rising consciousness about healthy and ethical products, changing consumer decision trends, rising market of cosmetic products and increasing demand for natural flavors & fragrances as the living standards of the people improve.

The market is broadly divided into two categories: Flavor and Fragrance. The Fragrance market is further categorized into following sub segments: soaps & detergents, cosmetics & toiletries, household cleaners & air fresheners and fine fragrances. Also, flavor market is further divided into: beverages, savory, dairy, bakery, confectionary, meat, snacks, and oral hygiene.

Asia is the dominant regional market for flavor and fragrance with the major market share. It holds the largest market value of flavor and fragrance in comparison to other regions. Asia’s flavor and fragrance market is expected to rise further by 2023 due to the rising demand from developing countries like India and China.

Scope of the report:

  • The report provides a comprehensive analysis of the global flavor and fragrance market.
  • The various regions such as Asia, Europe, South America, MEA and Central & North America have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Givaudan SA, IFF, Symrise AG, Robertet SA, Sensient and Takasago) are also presented in detail.
Key Target Audience:
  • Flavor and Fragrance Manufacturers
  • Raw Material Suppliers
  • End Users (Households & Commercials)
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Introduction
1.1 Flavor & Fragrance Market: An Introduction
1.2 Flavor & Fragrance Market by Types
Table 1: Flavoring in Food by Types
Table 2: List of Chemicals with their Odor
1.3 Industry Supply Chain
Table 3: Flavor & Fragrance Industry Supply Chain
1.4 Consumers of Flavors and Fragrance
1.5 Inputs and Expertise
2. Global Flavor & Fragrance Market Analysis
2.1 Global Flavor & Fragrance Market Forecast by Value
Table 4: Global Flavor & Fragrance Market Forecast by Value (2018-2023)
2.2 Global Flavor and Fragrance Market by Volume
Table 5: Global Flavor & Fragrance Market by Volume (2014-2018)
2.3 Global Flavor & Fragrance Market Forecast by Volume
Table 6: Global Flavor & Fragrance Market Forecast by Volume (2019-2023)
2.4 Global Flavor & Fragrance Market Value by Category
Table 7: Global Flavor & Fragrance Market Value by Category (2018)
2.5 Global Flavor & Fragrance Market Volume by Category
Table 8: Global Flavor & Fragrance Market Volume by Category (2018)
2.6 Global Flavor & Fragrance Market by Region
Table 9: Global Flavor & Fragrance Market by Region (2018)
3. Global Flavor Market Analysis
3.1 Global Flavor Market Forecast by Value
Table 10: Global Flavor Market Forecast by Value (2018-2023)
3.2 Global Flavor Market by Volume
Table 11: Global Flavor Market by Volume (2014-2018)
3.3 Global Flavor Market Forecast by Volume
Table 12: Global Flavor Market Forecast by Volume (2019-2023)
3.4 Global Flavor Market by Application
Table 13: Global Flavor Market by Application (2018)
3.5 Global Flavor Market by Region
Table 14: Global Flavor Market by Region (2018)
4. Global Fragrance Market Analysis
4.1 Global Fragrance Market Forecast by Value
Table 15: Global Fragrance Market Forecast by Value (2018-2023)
4.2 Global Fragrance Market by Volume
Table 16: Global Fragrance Market by Volume (2014-2018)
4.3 Global Fragrance Market Forecast by Volume
Table 17: Global Fragrance Market Forecast by Volume (2019-2023)
4.4 Global Fragrance Market by Application
Table 18: Global Fragrance Market by Application (2018)
4.5 Global Fragrance Market by Region
Table 19: Global Fragrance Market by Region (2018)
5. Regional Market Analysis
5.1 Asia Flavor & Fragrance Market
5.1.1 Asia Flavor & Fragrance Market Forecast by Value
Table 20: Asia Flavor & Fragrance Market Forecast by Value (2018-2023)
5.1.2 Asia Flavor & Fragrance Market by Geography
Table 21: Asia Flavor & Fragrance Market by Geography (2018)
5.1.3 Asia Flavor Market by Product Category
Table 22: Asia Flavor Market by Product Category (2018)
5.1.4 Asia Flavor Market by Country
Table 23: Asia Flavor Market by Country (2018)
5.1.5 Asia Fragrance Market by Product Category
Table 24: Asia Fragrance Market by Product Category (2018)
5.1.6 Asia Fragrance Market by Country
Table 25: Asia Fragrance Market by Country (2018)
5.2 Central & North America Flavor & Fragrance Market Forecast by Value
Table 26: Central & North America Flavor & Fragrance Market Forecast by Value (2018-2023)
5.3 Europe Flavor & Fragrance Market Forecast by Value
Table 27: Europe Flavor & Fragrance Market Forecast by Value (2018-2023)
5.4 South America Flavor & Fragrance Market Forecast by Value
Table 28: South America Flavor & Fragrance Market Forecast by Value (2018-2023)
5.5 MEA Flavor & Fragrance Market Forecast by Value
Table 29: MEA Flavor & Fragrance Market Forecast by Value (2018-2023)
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Increasing Global Population
Table 30: Global Population (2014-2018)
6.1.2 Rise in Demand for Packaged Foods
Table 31: Global Packaged Food Sales (2014-2018)
6.1.3 Increasing Purchasing Power
Table 32: Global GNI, PPP (2014-2018)
6.1.4 Rise in Urban Population
Table 33: Global Urban Population (2014-2018)
6.1.5 Increasing Middle Class Population
Table 34: Global Middle Class Population (2014-2018)
6.2 Market Trends
6.2.1 Decision Making Trends
Table 35: Factors Influencing Consumer’s Decision in Purchase of Food (2014-2018)
6.2.2 Growing Cosmetic Market
Table 36: Global Cosmetics Market Annual Growth Rate (2014-2018)
6.2.3 Rising Consciousness for Healthy and Ethical Products
6.2.4 Escalating Demand from Emerging Economies
6.2.5 Increasing Product Launch
6.2.6 Growing Demand for Natural Flavors and Fragrances
6.2.7 Increasing Concern towards Food Safety
6.3 Challenges
6.3.1 Fluctuations in Price of Raw Material
Table 37: Price of Vanilla (2014-2018)
6.3.2 Large Number of Barriers to Entry
6.3.3 Addressing the Constantly Changing Demand from Consumers
6.3.4 Legal Regulations
7. Competitive Landscape
7.1 Global Market
7.1.1 Revenue Comparison
Table 38: Key Players - Revenue Comparison (2018/2019)
7.1.2 Market Cap Comparison
Table 39: Key Players – Market Cap Comparison (2018/2019)
7.1.3 Research and Development Expenditure Comparison
Table 40: Key Players - Research and Development Expenditure Comparison (2018/2019)
7.1.4 Global Flavor & Fragrance Market by Company
Table 41: Global Flavor & Fragrance Market Share by Company (2018)
7.1.5 Global Flavor & Fragrance Sales in Product Category by Company
Table 42: Global Flavor & Fragrance Sales in Product Category by Company (2018)
7.1.6 Global Flavor & Fragrance Sales in Region by Company
Table 43: Global Flavor & Fragrance Sales in Region by Company (2018)
7.1.7 Global Share in Customer Exposure by Companies
Table 44: Global Share in Customer Exposure by Companies (2018)
7.1.8 Global Flavor Market by Company
Table 45: Global Flavor Market by Company (2018)
7.1.9 Global Fragrance Market by Company
Table 46: Global Fragrance Market by Company (2018)
7.2 Asia
7.2.1 Asia Flavor & Fragrance Market by Company
Table 47: Asia Flavor & Fragrance Market by Company (2018)
7.2.2 Asia Flavor Market by Company
Table 48: Asia Flavor Market by Company (2018)
7.2.3 Asia Fragrance Market by Company
Table 49: Asia Fragrance Market by Company (2018)
7.3 South East Asia
7.3.1 South East Asia Flavor Market Share by Company
Table 50: South East Asia Flavor Market Share by Company (2018)
7.3.2 South East Asia Fragrance Market Share by Company
Table 51: South East Asia Fragrance Market Share by Company (2018)
8. Company Profiles
8.1 Givaudan SA
8.1.1 Business Overview
8.1.2 Financial Overview
Table 52: Givaudan Sales and Net Income (2014-2018)
Table 53: Givaudan Sales by Flavors Segment (2018)
Table 54: Givaudan Sales by Fragrances Segment (2018)
8.1.3 Business Strategies
8.2 International Flavors and Fragrances Inc. (IFF)
8.2.1 Business Overview
8.2.2 Financial Overview
Table 55: IFF Net Sales and Net Income (2014-2018)
Table 56: IFF Net Sales by Segment (2018)
Table 57: IFF Net Sales by Region (2018)
8.2.3 Business Strategies
8.3 Symrise AG
8.3.1 Business Overview
8.3.2 Financial Overview
Table 58: Symrise Sales and Net Income (2014-2018)
Table 59: Symrise Sales by Segment (2018)
Table 60: Symrise Sales by Region (2018)
8.3.3 Business Strategies
8.4 Robertet SA
8.4.1 Business Overview
8.4.2 Financial Overview
Table 61: Robertet SA Revenue and Net Income (2014-2018)
Table 62: Robertet SA Revenue by Segment (2018)
Table 63: Robertet SA Revenue by Region (2018)
8.4.3 Business Strategies
8.5 Sensient Technologies
8.5.1 Business Overview
8.5.2 Financial Overview
Table 64: Sensient Technologies Revenue and Net Earnings (2014-2018)
Table 65: Sensient Technologies Revenue by Segments (2018)
Table 66: Sensient Technologies Revenue by Region (2018)
8.5.3 Business Strategies
8.6 Takasago International Corporation
8.6.1 Business Overview
8.6.2 Financial Overview
Table 67: Takasago Sales & Operating Income (2015-2019)
Table 68: Takasago International Corporation Sales by Segment (2019)
Table 69: Takasago International Corporation Sales by Region (2019)
8.6.3 Business Strategies

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