Flavors and fragrances are used in the food, beverage, pharmaceutical, cosmetic, and household goods industries to enhance, blend, color, preserve, and provide aroma. They are made from a variety of ingredients such as lactones, acids, esters, ketones, alcohol, and aldehydes. They are also used in other end-user industries like agriculture, tobacco, and feed.
Market Dynamics:
The global flavors and fragrances market is expected to grow at a significant rate during the forecast period. The major driver factors of the industry are the increasing demand for natural and organic foods, growing consumer preference for healthy and hygienic products, and the increasing demand for fragrances in toiletries and other personal care products. In addition, the increasing use of natural and organic oils in perfumes is also expected to contribute to the market's growth.
On the other hand, stringent government regulations and the COVID-19 pandemic have impacted the flavors and fragrances market negatively. These regulations restrict the usage of synthetic and natural flavors and fragrances in food products, as well as prevent the use of certain essential oils and other hazardous chemicals.
Key features of the study:
- This report provides in-depth analysis of the global flavors and fragrances market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global flavors and fragrances market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Merck KGaA, Solvay S.A., International Flavors and Fragrances Inc., Takasago International Corp., Kerry Group Plc, Firmenich SA, ROBERTET, TANOBIO, BASF SE, Jiaxing Zhonghua Chemical Industry Co. Ltd, and Sensient Technologies
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global flavors and fragrances market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flavors and fragrances market
Detailed Segmentation:
- Global Flavors and Fragrances Market, By Source
- Global Flavors and Fragrances Market, By Type
- Aroma Chemicals
- Essential Oils
- Global Flavors and Fragrances Market, By Application
- Bakery & Confectionery
- Dairy Products
- Savory Food
- Beverages
- Other Applications
- Global Flavors and Fragrances Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East And Africa
- Company Profiles
- Merck Kgaa
- Solvay S.A.
- International Flavors And Fragrances Inc.
- Takasago International Corp.
- Kerry Group Plc
- Firmenich Sa
- Robertet
- Tanobio
- Basf Se
- Jiaxing Zhonghua Chemical Industry Co. Ltd
- Sensient Technologies
