The Global Flavors & Fragrances Market is expected to reach USD 53.9 billion by 2025, from USD 3.2 billion in 2017 growing at a CAGR of 6.0% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2019 to 2026.
Market Definition: flavors & Fragrances Market
Flavours and fragrances are vital components in various consumer goods, such as packaged foods and many others. Natural and synthetic essence compositions give cool mint flavour to toothpaste, the cinnamon aroma in pumpkin lattes, and the cherry taste of cherry cola. Moreover, fragrance compositions add the fresh smell of pine to perfumes and in household cleaning products. Demand for fragrance blends and aroma chemicals are stimulated by growing production of toiletries and cleaners. Historically, the developed economies of North America, Western Europe, and Japan have been the dominant markets for flavours and fragrances. It is also sustained largely by food and beverage industry. The flavours and fragrances need is increasing in various regions due to increasing consumer demand for more natural products, and also due to growing expenditures on personal consumption
Major Market Drivers:
- Increasing consumer demand for more natural products
- Growing personal consumption expenditures in developing countries
- Increase in demand for flavour and fragrance containing goods, such as packaged foods and cosmetics and toiletries Increasing quality of suturing material
- Fluctuation in raw material prices
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Major Key players profiled in this report are:
Cargill Flavor Systems, International Flavors & Fragrances, Inc, Agilex Flavors & Fragrances, Inc, Takasago International Corp, Aromatech SAS, Firmenich SA, Symrise AG, Bell Flavors & Fragrances Inc, Givaudan SA, ConAgra Foods Incorporated, Royal DSM NV, BASF SE, Frutarom Industries Ltd, Bedoukian Research, Inc, Solvay SA, David Michael & Co, Kerry Group plc, Comax Flavors, Flavorchem Corp, Takasago International Corp, Biolandes SAS, dōTERRA International, Falcon Essential Oils, Flavex Naturextrakte GmbH, Ungerer & Company, Akay, Indo World, Symrise AG, Firmenich SA, Elevance Renewable Sciences, Inc, Manohar Botanical Extracts Pvt. Ltd, Alpha Aromatics.
Segmentation: Global Flavours & Fragrances Market
- The global flavours & fragrances market is segmented based on product, application, technology, and geographical segments.
- Based on application, the global flavours & fragrances market is segmented into dairy products, soap & detergent, beverages, cosmetics and toiletries, oral care, confectionary and bakery products and household and others
- On the basis of product the global flavours & fragrances market is classified into aroma chemicals, synthetic aroma chemicals, flavour blends, natural aroma chemicals and fragrance blends.
- On the basis of technology, the global flavours & fragrances market is classified into flavour encapsulation, flavour encapsulation, enzymatic routes, conventional technologies, supercritical fluid extraction.
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In this Global Flavours & Fragrances Market report, market analysis and market segmentation is carried out in terms of markets covered, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. This market report is all-embracing and object-oriented which is structured with the combination of an admirable industry experience, innovative solutions, industry insight and most modern tools and technology. An array of objectives of the marketing research has been considered to generate this best Global Flavours & Fragrances Market research report.