The global flavours & fragrances market is anticipated to grow with an impressive CAGR during the forecast period, 2023-2027. The market growth can be attributed to the growing demand for soft drinks & energy drinks, and the flourishing food & beverages industry. Flavors and fragrances are substances that are utilized to enhance the overall smell and taste of the product.
The Important Elements of Flavours and Fragrances Market
Flavors are majorly used in food and beverages, whereas fragrances are widely utilized for providing a fine smell in body and personal care products. The demand for processed foods and drinks has been steadily expanding, due to the growing global population and rising rates of urbanization. This has impacted the global flavor and flavor market positively. Besides, the inflating disposable income of the consumers, elevating lifestyles, and rising consciousness towards physical appearance the demand for pleasant-smelling personal care, skin care products, perfumes, and cosmetics is also increasing. This along with the rise in the working women population is anticipated to propel the global flavor and fragrances market in the coming years.
Apart from this, the global demand for ready-to-eat meals and fast food is rising, which is a major driver for the food flavor business. in addition, the use of innovative technologies in food processing, the introduction of new flavours, the advent of continental dishes, and the heavy flow of investments for carrying out R&D activities are among the other factors anticipated to provide a positive outlook to the market.
The global flavours and fragrances market is bifurcated on the basis of ingredients, end users, competitive landscape, and regional distribution. On the basis of ingredients, the market is divided between synthetic ingredients and natural ingredients. Among these, synthetic ingredients are anticipated to hold a significant market share in the coming years. This is primarily because the use of synthetic flavours and fragrances has increased in food and beverages and personal and cosmetic care industries due to its cost-efficiency and life span properties. Based on the end users the market is fragmented into beverages, dairy products, bakery, savory & snacks, and others. The market analysis also studies the regional segmentation, divided among North America, Europe & CIS, Asia Pacific, Middle East and Africa, and South America.
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Some of the leading players in the Global Flavours & Fragrances market
- Firmenich
- Symrise
- Givaudan
- Mane
- Robertet
- Frutarom
- International Flavours & Fragrances
- Takasago
- Sensient
- Mane etc.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Ingredient· End Use |
| Regional scope | North America; Europe &CIS; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa; Kuwait |
| Key companies profiled | Firmenich, Symrise, Givaudan, Mane, Robertet, Frutarom, International Flavors & Fragrances, Takasago, Sensient, Mane etc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, the Global flavours & fragrances market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Flavours & Fragrances Market, By Ingredients:
- Synthetic Ingredients
- Natural Ingredients
- Flavours & Fragrances Market, By End Use:
- Beverages
- Dairy Products
- Bakery
- Savoury & Snacks
- Others
- Flavours & Fragrances Market, By Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global flavours & fragrances market.
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Table of Content
1. Product Overview
- Research Methodology
- Impact of COVID-19 on the Global Flavors & Fragrances Market
- Executive Summary
- Voice of Customer
5.1. Product Awareness
5.2. Product Quality
5.3. Product Pricing
5.4. Factors Influencing Purchase Decision
- Global Flavors & Fragrances Market Overview
- Global Flavors & Fragrances Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Ingredients (Synthetic Ingredients and Natural Ingredients)
7.2.2. By End Use (Beverages, Dairy Products, Bakery, Savory & Snacks and Others)
7.2.3. By Region
7.3. Market Attractiveness Index
- Asia-Pacific Flavors & Fragrances Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Ingredient
8.2.2. By End Use
8.2.3. By Country (2021)
8.3. Market Attractiveness Index
8.4. Asia-Pacific: Country Analysis
8.4.1. China Flavors & Fragrances Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By End Use
8.4.1.3. Market Attractiveness Index
8.4.2. India Flavors & Fragrances Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By End Use
8.4.2.3. Market Attractiveness Index
8.4.3. Japan Flavors & Fragrances Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By End Use
8.4.3.3. Market Attractiveness Index
8.4.4. South Korea Flavors & Fragrances Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By End Use
8.4.4.3. Market Attractiveness Index
8.4.5. Australia Flavors & Fragrances Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By End Use
8.4.5.3. Market Attractiveness Index
8.4.6. Singapore Flavors & Fragrances Market Outlook
8.4.6.1. Market Size & Forecast
8.4.6.1.1. By Value
8.4.6.2. Market Share & Forecast
8.4.6.2.1. By End Use
8.4.6.3. Market Attractiveness Index
8.4.7. Malaysia Flavors & Fragrances Market Outlook
8.4.7.1. Market Size & Forecast
8.4.7.1.1. By Value
8.4.7.2. Market Share & Forecast
8.4.7.2.1. By End Use
8.4.7.3. Market Attractiveness Index