Flavors and Fragrances Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Consumer Goods and Food and Beverages | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC465

Introduction

Flavors and fragrances are crucially essential materials and come under distinct packaged foods and consumer goods. Synthetic and natural compositions are used to generate flavor in toothpaste, cherry cola, etc. Fragrance compositions add fresh smell to household cleaning products and fine perfumes. The global flavors and fragrances market is anticipated to witness significant growth over the forecast period. The global market is primarily driven by increasing demand from manufacturers of food and beverages, perfumes, cosmetics, toiletries, and household products. In addition, use of flavors and fragrances in emerging and developing economies is a key factor propelling the growth of global flavors and fragrances market. Growth of this market indirectly depends on the geographical distribution and availability of fragrances and flavors. Also, manufacturing of fragrant and aroma chemicals by chemical synthesis process has elevated the overall fragrance industry and has opened doors for a new branch of chemistry. Flavors and fragrances include a distinct set of chemical compounds including esters, alcohol, acids, lactones, aldehydes and ketones. The use and production of flavors and fragrances in industrial sector kicked off in the early nineteenth century with the synthesis and isolation of chemicals which are responsible for aroma of natural compounds such as cinnamaldehyde which is isolated from cinnamon oil, and benzaldehyde which is extracted from bitter almond oil. The synthesis of fragrant aroma chemicals which evolved the taste and odor of naturally synthesized products became a common practice.

Market Dynamics

The global flavors and fragrances market has witnessed significant growth over the recent years owing to the rising demand for bio-based and natural fragrant products. Additionally, several factors contribute towards the growth of global flavors and fragrances market. Factors such as rapidly growing industrialization across the globe is leading to the bulk production of scented and flavored products to be used in processed foods, soap, personal care products, oral hygiene products, detergents and other household cleaning products. However, apart from several advantages of flavors and fragrances, fluctuating raw material price is the major factor hindering the growth of this market.

Market Classification

The global flavors and fragrances market can be segmented on the basis of ingredient type, product type, end-user and geography. On the basis of ingredient type, global flavors and fragrances market can be segmented into aroma chemicals and essential oils. By product type, the global flavors and fragrances market can be segmented into fragrance blends, flavor blends and aroma chemicals. Aroma chemicals segment is further sub segmented into synthetic aroma chemicals and natural aroma chemicals. On the basis of end-user, the global flavors and fragrances market can be segmented into soaps and detergent industry, fine fragrances industry, cosmetics and toiletries industry, household cleaners industry and air fresheners industry. On the basis of geography, the global flavors and fragrances market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market

Global Flavors and Fragrances Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Ingredient Type, Product Type, End-User, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

The leading players in this market are engaged in deploying key strategies such as partnerships with other established players in market to improve the overall product quality or share technology, expand global operations, product portfolio and to strengthen their market presence. These players are also focusing on increasing the number of product launches to sustain competition. Some of the key players involved in the global flavors and fragrances market include Givaudan SA, Firmenich SA, Agilex Flavors & Fragrances, Inc., Symrise AG, Bedoukian Research, Inc., International Flavors & Fragrances, Inc., BASF SE, Aromatech SAS, Sensient Technologies Corp., Bell Flavors & Fragrances Inc., Royal DSM NV and Takasago International Corp. among others.

Market Segmentation

Market By Ingredient Type

·         Aroma chemicals

·         Essential oils

Market By Product Type

·         Fragrance blends

·         Flavor blends

·         Aroma chemicals

o   Synthetic aroma chemicals

o   Natural aroma chemicals

Market By End-User

·         Soaps and detergent industry

·         Fine fragrances industry

·         Cosmetics and toiletries industry

·         Household cleaners industry

·         Air fresheners industry

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

Espresso Coffee Beans Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Espresso is coffee prepared by expressing out a minor quantity of almost boiling water in pressure with finely crushed coffee beans. Espresso is mostly denser than coffee prepared by other approaches, has an advanced absorption of dissolved solids ...

Halal Food and Beverages Market (By Product - Meat & Alternatives, Milk & Milk Products, Fruits & Vegetables, Grain Products, Others; By Distribution Channel - Hypermarkets/Supermarket, Specialty Stores, Online Sales Channel, Other) - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Halal is referred to what is permissible or lawful in traditional Islamic law. It is mostly applied to the permissible food and drinks. There are number of halal certified food products such as halal foie gras, spring rolls, chicken nuggets, raviol...

Chocolate Inclusions and Decorations Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Chocolate inclusion is added texture in form of filling and decorations is used for decorating the food products. Presently, the demand for chocolate inclusions and decorations is growing among chocolate producers, desserts, ice-creams, confectione...

Flavored Spirits Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Flavored spirits are hard liquor or hard alcohol stimulated with supplementary flavors to make the alcohol unique as well as to raise its organoleptic characteristics. Numerous additives are added in order to make the spirits flavored. In certain c...

Freeze Drying Equipment Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Freeze drying is a procedure in which a product is iced up initially and water is exalted from the frozen produce. Freeze drying, also called as lyophilisation, help in the thirst of the produce, and also permit the storage of product for protracte...

Vitamin K1 Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction It is a fat-soluble manufactured good and also known as phylloquinone or K1 found in plants. It is found in sprouts, leafy green vegetables and broccoli. K1 is an excellent component used in skin care products which decreases dark circles under the...

Cart Summary

Special Pricing & Discounts