Global Flavors & Fragrances Market: Industry Analysis & Outlook (2018-2022)

Global Flavors & Fragrances Market: Industry Analysis & Outlook (2018-2022)

Flavor is the sensory impression of a food or any other substance and is determined mainly by the chemical senses of taste and smell. The flavor of the food can be altered with natural or artificial flavorants, which affect these senses. Smell is the main determinant of a food item's flavor. While the taste of food is limited to sweet, sour, bitter, salty, umami, and other basic tastes, the smells of a food are potentially limitless. A food's flavor, therefore, can be easily altered by changing its smell while keeping its taste similar. This can be best exemplified in artificially flavored jellies, soft drinks and candies, which, while made of bases with a similar taste, have dramatically different flavors due to the use of different scents or fragrances.

The flavor and fragrance industry (F&F) consists of intermediary products to cater to the needs of its customers. The primary customers of flavors and fragrances include the food and beverage industry, and the manufacturers of household products and cosmetics industry. The competition in this market is high, and the four largest companies occupy more than half of the total market share. Companies should be more research-oriented to remain competitive as the market grows, and many new products are on the market at very competitive prices to increase penetration.

The key factors driving the growth of flavor & fragrance market are escalating global population, increasing urban population, rising disposable income and an increase in demand for packaged foods. Some of the noteworthy trends and developments of this industry are increasing health consciousness, increasing demand from emerging economies, decision-making trends and growing demand for natural ingredients, food safety concern, product launch and growth in the cosmetic industry. However, the expansion of flavor & fragrance market is hindered by fluctuations in raw material prices, entry barriers, and legal regulations.

The report “Global Flavors and Fragrances Market: Industry Analysis and Outlook (2018-2022)” provides an in-depth analysis of the market on a global scale discussing its major segments. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Givaudan, IFF, and Symrise. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.


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 (2017-2022)
2.2 Global Flavor and Fragrance Market by Volume
Table 5: Global Flavor & Fragrance Market by Volume (2013-2017)
2.3 Global Flavor & Fragrance Market Forecast by Volume
Table 6: Global Flavor & Fragrance Market Forecast by Volume (2018-2022)
2.4 Global Flavor & Fragrance Market by Category
Table 7: Global Flavor & Fragrance Market by Category (2017)
2.5 Global Flavor & Fragrance Market by Region
Table 8: Global Flavor & Fragrance Market by Region (2017)
3. Global Flavor Market Analysis
3.1 Global Flavor Market Forecast by Value
Table 9: Global Flavor Market Forecast by Value (2017-2022)
3.2 Global Flavor Market by Volume
Table 10: Global Flavor Market by Volume (2013-2017)
3.3 Global Flavor Market Forecast by Volume
Table 11: Global Flavor Market Forecast by Volume (2018-2022)
3.4 Global Flavor Market by Application
Table 12: Global Flavor Market by Application (2017)
3.5 Global Flavor Market by Region
Table 13: Global Flavor Market by Region (2017)
4. Global Fragrance Market Analysis
4.1 Global Fragrance Market Forecast by Value
Table 14: Global Fragrance Market Forecast by Value (2017-2022)
4.2 Global Fragrance Market by Volume
Table 15: Global Fragrance Market by Volume (2013-2017)
4.3 Global Fragrance Market Forecast by Volume
Table 16: Global Fragrance Market Forecast by Volume (2018-2022)
4.4 Global Fragrance Market by Application
Table 17: Global Fragrance Market by Application (2017)
4.5 Global Fragrance Market by Region
Table 18: Global Fragrance Market by Region (2017)
5. Regional Market Analysis
5.1 Asia Flavor & Fragrance Market
5.1.1 Asia Flavor & Fragrance Market by Value
Table 19: Asia Flavor & Fragrance Market by Value (2017-2022)
5.1.2 Asia Flavor & Fragrance Market by Geography
Table 20: Asia Flavor & Fragrance Market by Geography (2017)
5.1.3 Asia Flavor Market by Product Category
Table 21: Asia Flavor Market by Product Category (2017)
5.1.4 Asia Flavor Market by Country
Table 22: Asia Flavor Market by Country (2017)
5.1.5 Asia Fragrance Market by Product Category
Table 23: Asia Fragrance Market by Product Category (2017)
5.1.6 Asia Fragrance Market by Country
Table 24: Asia Fragrance Market by Country (2017)
5.2 Central & North America Flavor & Fragrance Market by Value
Table 25: Central & North America Flavor & Fragrance Market by Value (2017-2022)
5.3 Europe Flavor & Fragrance Market by Value
Table 26: Europe Flavor & Fragrance Market by Value (2017-2022)
5.4 South America Flavor & Fragrance Market by Value
Table 27: South America Flavor & Fragrance Market by Value (2017-2022)
5.5 MEA Flavor & Fragrance Market by Value
Table 28: MEA Flavor & Fragrance Market by Value (2017-2022)
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Rising Global Population
Table 29: Global Population (2013-2017)
6.1.2 Increasing Per Capita Disposable Income
Table 30: Global GNI Per Capita (2013-2017)
6.1.3 Increase in Demand for Packaged Foods
Table 31: Global Packaged Food Sales (2013-2017)
6.1.4 Rising Middle Class Population
Table 32: Global Middle Class Population (2013-2017)
6.1.5 Growing Urban Population
Table 33: Global Urban Population (2013-2017)
6.2 Market Trends
6.2.1 Increasing Health and Ethical Consciousness
6.2.2 Rising Product Launch
6.2.3 Decision Making Trends
Table 34: Factors Affecting Consumer’s Decision in Purchase of Food (2012-2018)
6.2.4 Escalating Cosmetic Market
Table 35: Global Cosmetics Market Annual Growth Rate (2013-2017)
6.2.5 Growing Demand for Natural Flavors
6.2.6 Rising Concern Towards Food Safety
6.2.7 Increasing Demand from Emerging Economies
6.3 Challenges
6.3.1 Fluctuations in Raw Material Prices
Table 36: Vanilla Prices (2013-2017)
6.3.2 Entry Barriers
6.3.3 Legal Regulations
7. Competitive Landscape
7.1 Global Market
7.1.1 Revenue and Market Cap Comparison
Table 37: Key Players - Revenue & Market Cap Comparison (2017)
7.1.2 Research and Development Expenditure Comparison
Table 38: Key Players - Research and Development Expenditure Comparison (2017)
7.1.3 Global Flavor & Fragrance Market by Company
Table 39: Global Flavor & Fragrance Market by Company (2017)
7.1.4 Global Flavor & Fragrance Sales in Product Category by Company
Table 40: Global Flavor & Fragrance Sales in Product Category by Company (2017)
7.1.5 Global Flavor & Fragrance Sales in Region by Company
Table 41: Global Flavor & Fragrance Sales in Region by Company (2017)
7.1.6 Global Share in Customer Exposure by Companies
Table 42: Global Share in Customer Exposure by Companies (2017)
7.1.7 Global Flavor Market by Company
Table 43: Global Flavor Market by Company (2017)
7.1.8 Global Fragrance Market by Company
Table 44: Global Fragrance Market by Company (2017)
7.2 Asia
7.2.1 Asia Flavor & Fragrance Market by Company
Table 45: Asia Flavor & Fragrance Market by Company (2017)
7.2.2 Asia Flavor Market by Company
Table 46: Asia Flavor Market by Company (2017)
7.2.3 Asia Fragrance Market by Company
Table 47: Asia Fragrance Market by Company (2017)
8. Company Profiles
8.1 Givaudan SA
8.1.1 Business Overview
Table 48: Givaudan Sales by Fragrance Division (2017)
Table 49: Givaudan Sales by Flavor Division (2017)
8.1.2 Financial Overview
Table 50: Givaudan Sales and Net Income (2013-2017)
8.1.3 Business Strategies
Table 51: Givaudan R&D Expenditure (2015-2017)
8.2 International Flavors and Fragrances Inc. (IFF)
8.2.1 Business Overview
Table 52: IFF Sales by Business Segment (2017)
Table 53: IFF Sales by Category (2017)
8.2.2 Financial Overview
Table 54: IFF Sales and Net Income (2013-2017)
8.2.3 Business Strategies
Table 55: IFF R&D Expenditure (2015-2017)
8.3 Symrise AG
8.3.1 Business Overview
Table 56: Symrise Revenue by Segment (2017)
8.3.2 Financial Overview
Table 57: Symrise Sales and Net Income (2013-2017)
8.3.3 Business Strategies
Table 58: Symrise R&D Expenditure (2015-2017)
8.4 Robertet SA
8.4.1 Business Overview
Table 59: Robertet SA Sales by Segment (2017)
8.4.2 Financial Overview
Table 60: Robertet SA Sales and Net Income (2013-2017)
8.4.3 Business Strategies

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